I always wonder why a lot of people fomo to buy a coin or token after the price has pumped. In this present bull run I've seen a lot of people FOMO and buy cryptos at a really high price and they quickly dump when they witness drawdowns.
Isn't that just hustling backwards?? Its almost like they are trying to loose money on purpose.
So i wonder why they FOMO to buy in the first place
If buying coins or tokens after the price has gone up is not a good step to invest, this is because you cannot predict the condition of the coins or tokens you want to buy at that time.
Even if this continues to be done without accumulating in the future, then the person will never benefit from the investment, isn't investment looking for maximum profit, then how can we find that profit, if buying coins or tokens when the price is rising.