Quote from: MaiQwaN on Today at 06:56:48 PM

Quote from: motun01 on May 03, 2021, 11:14:47 PM

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.

We do go into those path on where it is on the the easiest part or doesnt really like to put much effort on studying and researching up everything.When they do saw something
which is really on trend or really the main talk of the town then they do tend to jump in without further verification or having some research and this is where most people do
really end up on getting scammed or lost their investment because they werent aware that a certain coin is already on peak or already in Fomo state.
Yes, it isnt easy to determine the situation but having some sufficient experience into the market will really give at least some idea.