FOMO Is The Cause Of It All

in crypto •  26 days ago 

The most common and destructive fear that people have as a new trader in cryptocurrency is FOMO.

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These assets go up by crazy percentages. And FOMO is the fear of missing out.

You have your homeboy telling you about this coin. You have this other person telling you about this coin. You have this YouTuber talking about his top three coins.

Coin, coin, coin, coin.

The price is going up. It's up 50%.

You think it's going to go up higher. You buy it, it immediately dumps down, and you lose a whole bunch of money. This is the fear of missing out.

You should never, listen to what I'm saying, never make an investment decision out of fear. You should only make your investment decision off of sound, diligent research.

Write that down.

Sound, diligent research is the most important reason why you should buy crypto.

Not any emotions at all.

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  ·  26 days ago  ·  

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