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
For many people, it is easier to act, looking back at how everyone else is doing, rather than giving yourself the trouble to spend your time and energy on your own studies and your own analysis of projects and coins, before starting investing. The usual human desire to make money by accident, without making serious efforts.