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The Temptation of FOMO

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by COINS NEWS 130 Views

During the bullrun you will see a lot of new projects coming out. And let me tell you, no matter how bad that project is, it will seem like it is the next 100x coin. You will want to buy like there is no tomorrow. But please dont jump in without thinking and planning your trades.

I used to FOMO when I first started into crypto. I was also in the previous bullrun and I FOMOed again, I am telling it to you now so you dont do the same mistake. I entered into various projects that seemed like it will skyrocket, and I thought I will β€œmake it”. Do you know what happened to those projects? Well half of them rugged and the other half went down %90+.

Now you will probably say stuff like I have seen posts like this before but I am posting this because many people still do it even though it gets posted so many times. It doesnt even have to be a bullrun. I still see people who jump into projects that went up %50, %100 in like a day or two… Why? There is a huge chance that you will lose on that investment.

In conclusion, PLEASE dont FOMO. I know its tempting but there is a high chance you will regret it. Just wait a little bit before going in, DYOR and DCA.

NFA

submitted by /u/TheBurningTitan
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