Quote from: Barikui1 on Today at 07:48:34 AM

To me I think that this is actually a good fear, a fear that will drive you to knowledge first before venturing into an art is very much important, because most people that have fell as prey to scammers or that decided to venture into trading and lost their fund was as a result of not having knowledge of how to navigate their way safely in the crypto industry, so going for knowledge is paramount if you must succeed in this industry, not just in crypto, anything you want to venture into, it's very important that you seek knowledge first, so that you won't be served breakfast, and eaten up by fraudster.

Fear has really cost a lot of people to lose out on opportunities, aside from fear of being scammed, some people also fear of missing out. They FOMO on some potential opportunities, because of lack of information same thing we all have been saying. To succeed in your crypto journey one need to gain the necessary information required. Invest in your self and try and be better at what you’re doing. Rather than waiting on some information from someone who is not even sure of himself. I’m not saying that you shouldn’t ask of help from people that are doing better than you in the field, the best advice is the one you give to your self. Same implies here, it is better you keep enlighten yourself so as to start making market calls and analysis yourself, so that even when you lose or you go wrong you can make corrections too.
Having a fear of missing out (FOMO) can have a significant impact on financial decisions. FOMO can lead individuals to make impulsive or irrational choices that may not align with their long-term financial goals. FOMO can influence investment decisions, causing individuals to invest in assets or markets solely because they fear missing out on potential gains. This can lead to a herd mentality, where people follow the crowd without thoroughly evaluating the investment's fundamentals or risks. Such behavior can result in poor investment choices and losses if the trend reverses. To overcome the negative impact of FOMO on financial decisions, it's important to cultivate self-awareness, develop a clear financial plan, and make decisions based on personal goals and risk tolerance rather than external pressures.