🟡What is FOMO in Crypto (And Why It Destroys Portfolios)
FOMO = Fear of Missing Out 😬
It’s that feeling when you see a coin pumping and you rush to buy, thinking it’ll go even higher and you will miss the chance of making of profits.
But you know what usually happens?
You buy the top. It dumps. You panic and sell. Ultimately you hit a Loss and regret and when again market goes in the buy direction you regret more. This continues as a cycle of regret.
😓 I’ve done it. Most of us have.
✅ What is the solution:
--If a coin has already pumped 50–100%, wait.
--Check the news, check the chart, ask yourself:
--Am I chasing hype or entering the market with a proper strategy and making a smart decision?
One thing to Remember:
If you missed one move, chill. There’s always another setup coming. I always say market is an ocean of opportunities. If you miss a good move one time you will get a better move next time.
🚫 Don’t chase green candles.
🎯 Wait for red days, do research, and enter the market with logic. Do not trade the market with emotions.
👇Drop a comment for what is your take on this.
#CryptoTips #FOMO #BinanceSquare #TradingStrategyMistakes #Beginnersguide