When you make any decision, there are some reasons behind that. Especially, when you make any financial decision, you are very careful. If you make the right decision, you can make money. Otherwise, you will lose your hard-earned money.
You have your strategy and system that you usually follow to make decisions. But sometimes you might get into FOMO and because of that, you make the wrong decision. And that is one of the biggest reasons you lose money.
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Yes … FOMO will wreck your investments every single time. You will Buy high and then get wrecked. Every single time
Crypto is not easy. It is like an emotional roller coaster. Following strategy and sticking to your plan can work, as far as I'm concerned.
Very true. Followed you on Hive and Twitter also.
To avoid extreme FOMO I buy and hold a very very small amount of everything … in case one of them goes up by 100,000 % …. The I sell