Know some people lose money not because of FOMO, but because of trading. I think it's easy to find news about Bitcoin and how to manage it these days. Even if you're a beginner, you should already know the basics.
Basically that Bitcoin will be profitable if you hold it for the long term, say five years or more. During this period, you start buying regularly without paying too much attention to the price, it's that simple.
Yeah, many people that lose money in Bitcoin because of FOMO are basic traders and not hodlers, and that’s the reason why they fall victim to FOMO.
As a newbie, before even starting your Bitcoin investment, you should know the path you are going to take, either being a hodler or a trader, and by so doing, you will be able to know your purpose and mindset.
If you are a trader, you will basically buy at Bitcoin’s lowest prices and sell when Bitcoin is at its ATH. Knowing your purpose matters as a newbie, even before starting the investment.