"Waiting to buy" or "riding the wave"? The psychology of FOMO and how to control it during Altseason
In recent days, the cryptocurrency market has entered a heated phase. Bitcoin's price is fluctuating sharply, dominance is decreasing, and altcoins are beginning to show signs of a new wave. Many retail investors feel "impatient" – should they buy now or wait for a correction?
This is when the psychology of FOMO (Fear of Missing Out) – the fear of missing an opportunity – becomes the driving force behind investment behavior.
💥 FOMO: The biggest enemy in the crypto market
FOMO is a common phenomenon, especially when:
• A token is rising sharply (e.g., WLD, BOME, WIF…)
• The community is "buzzing" with people showcasing their profits,
• Media, KOLs, and chat groups are all "screaming" about opportunities
At that point, investors often get swept up in the wave, jumping in to buy at high prices without a clear strategy. The common outcome: buying at the peak.
🎯 Is "waiting to buy" a safer approach?
In many cases, "waiting to buy" is a wise action:
• It helps you stay calm, not getting swept up in emotions,
• You can buy at support levels, or when the market cools down,
• You have time to analyze the token, cash flow, and volume more thoroughly
However, if you are too cautious, you may miss out on a strong upward trend.
📈 How to control FOMO?
1. Determine your buying zone in advance: Set price alerts, monitor support and resistance levels.
2. Don’t buy based on hot news or vague advice – Have a clear reason for each purchase order.
3. DCA – Dollar Cost Averaging: Don’t go all-in at one time.
4. Keep an investment journal: Record the reasons for entering a trade and your emotions at that time.
5. Monitor cash flow & volume: Choose times with real cash inflow, not just short-term FOMO.