The Danger of Hype and FOMO: A Warning for Cryptocurrency Market Newbies
If you follow the cryptocurrency market, you've probably seen influencers saying things like: “This is your last chance” or “If you don't buy now, you'll regret it for the rest of your life”. These phrases, loaded with urgency, have a clear purpose: to create a feeling that you're missing out on a unique opportunity, something we call FOMO (Fear of Missing Out).
This strategy can be dangerous, especially for those who are just starting out and haven't yet developed the skills necessary to analyze the market rationally. Many end up buying tokens in the heat of the moment, driven more by emotion than by reason. The result? Projects inflated by hype tend to correct abruptly, leaving inexperienced investors with losses that could have been avoided.
I say this with authority. I've been there. I was carried away by enthusiasm, bought without studying, and ended up losing. I know how much it hurts to see your invested capital disappear and bear the weight of a poorly planned decision. This experience was a painful but essential learning experience to understand that in the market, haste is the enemy of prudence.
If you are just starting out, here is some advice: never invest without first doing your own analysis. Research the token, understand its usefulness, assess whether the project has solid foundations and, above all, do not let pressure from others guide your decisions. No matter how many people are talking about a currency, the market will not end tomorrow, and opportunities always arise for those who are patient.
Avoiding hype and FOMO is a fundamental part of a solid strategy. Focus on knowledge, discipline and risk management. And remember: it is better to miss out on a supposed “incredible opportunity” than to lose your money in an impulsive decision. Learning to say “no” is as important as knowing when to say “yes” in the world of investments.
