Avoiding FOMO in Crypto

There is a lot happening in the crypto space and sometimes its difficult to cope up with all of this. Its because of time and even lack of knowledge. Maybe people who are experts in crypto do it all but for someone who is not a pro, then it will surely be thought to manage it all. It happens with me and still, I try my best to catch up with things as much as I can. While I try to manage multiple things I also ensure that I don't miss out on the learning side because its very important and missing it any day is not a good idea. I have already shared that I spend some time on learning and crypto reading every day and this is what helps me to enhance my knowledge.

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While we need to invest time in learning, then we also need to follow a few things in this market. One of the important factors that we always need to avoid and its FOMO. FOMO or the Fear of Missing out is the situation when we see the price growing and we don't want to miss it which is good but sometimes we end up losing money. We believe that when everyone is investing in this the all these people can't go wrong but is not the right way.

FOMO or the Fear of Missing Out is one of the biggest reasons why people invest in a new coin or digital asset. After all, if so many people are buying a coin, they can’t ALL be wrong. Every day brings an exciting new coin to invest in, but remember – for every cryptocurrency that ends up being traded and accepted by the mainstream world, there are many, many more that die out quickly.

There are thousands of coins in the market and we see some of them these coins mooning which makes us greedy and we think of investing. We should not invest in any coin unless we are sure of the project and or that study is required. We need to go through its fundamental or technical analysis to figure out overall about it. If we see it as a good option to continue then we should invest but if anywhere its not satisfactory then we need to stay away.

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These days we can see lots of meme coins and even some people are making good money out of these but it does not mean that we can also do the same. Things can be different for us so just because people are buying does not mean that we also can do the same.

I am ok to miss the money-making opportunity but I am not ok with losing the money that I hold just because I do FOMO buy. I believe rather than going for easy money in crypto we should look for stable and long lasting options and there are a bunch of things available.
Crypto is here to stay and if you lose one opportunity then you will get another but if lose your money then it will take too long to earn it back so it's better to make a planned a wise investment rather than following the hype and putting money on something that can give us easy money but at the same time, it can be so risky too.

Thank you so much
Stay Safe

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