What is your FOMO risk profile?

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Fear of missing out or Fomo is a very common phenomenon in the crypto world.

When Fomo reigns, people throw their plans, their principles and their strategies out of the window to jump into the the thing that everybody speaks about.

When I was working at the bank, in order to counsel people for their investment strategies, we had to draw their risk profile. Today I would like to ask you to define your Fomo risk profile!

I give you three different categories and I would like you to tell us in which category you fit best.

1) Low Fomo Risk

I'm totally unaffected by Fomo. I follow my plans and principles in spite of what happens on the markets.

2) Middle Fomo Risk

When something new is coming out, I like to take part in it. I always keep things under control and I invest only what I'm willing to lose.

3) High Fomo Risk

In certain situations, I totally forget all my plans and I jump into something. It happens that I regret my moves at a later stage.

Today's challenge

Which of the three profiles corresponds to you and why? How do you deal with it?

Write your answer as a comment to this post

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5 comments
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Middle FOMO risk for sure. It's impossible to really truly play it safe in crypto lol
I believe you need to take some risk in order to get ahead but it needs to be researched risk which is supported by some facts and a strong belief in the project.

I use to be High FOMO Risk a few years back but learned lessons.

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It's impossible to really truly play it safe in crypto

Don't tell me man. I totally agree on this point. Sometimes we are sooner taken into something that we realize. I even manage sometimes to create FOMO for myself. Suddenly an idea in my mind pops up and I jump into something and a couple of hours later I realize that it's actually not that great a thing lol.

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I think this is a duplicate post.

Posted Using LeoFinance Beta

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Yeah... that was the post that was locked in 3speak for over a day... Ignore it...

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