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
Not all people have the same psychology. Unfortunately, there are a lot of people who FOMO or panic sell. These people are afraid of missing the chance of increasing their money. They see that many people are making an investment and making profit. They want to do it also. Then if the coin price starts going down, they start panicking. They are rushing things and this time they start panic-selling.