FOMO in Cryptocurrencies
FOMO which stands for Fear of Missing Out is a common term used in the Cryptocurrency Universe as there are several projects that we have missed and there are several Coins that we have purchased while FOMOing. We see a new project launch every week and keeping up with all of them and doing proper research on them is something that is pretty hard so sometimes when people hear about a Project possibly growing your Money 10x people start to FOMO buy into them which in my opinion is never a good thing to do. Yes, there will be times when you may make a lot of money but the flipside of that is also possible where you lose all your Investment.
The way you should move towards crypto is to first Educate yourself properly about the Cryptocurrency you are interested in and then approach that Crypto if you deem it so. Yes, there is a chance that you may miss some Trains but FYI there are a lot of Trains that you can catch at a later date. You can also catch that same train that you missed out on as in Crypto things move pretty quick so there is no need to FOMO and Buy something that you are not completely sure about.
There are 14443 Cryptocurrencies in the world and I am pretty sure you haven't even watched half of their rallies and you don't need to, you just need to catch just a couple of them which has good Fundamentals beneath them as well as a Solid UserBase.
In my time in the Crypto World, I have only ridden 3-4 Rallies and even then I am quite happy with the profit I made. So I can assure you will find one soon provided you Educate yourself properly.
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I believe in Crypto currency. For me, I'm a good investor. I like to invest in Crypto currency and I don't fear. Fomo is not my problem. I'm a good investor and a forex trader
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Me too man I firmly believe in Crypto and that is why even though we had a banking ban in India I HODLed through the time and sold nothing at all.
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