Hello friend
As usual, I will try to talk about FOMO in two paragraphs
FOMO (Fear Of Missing Out), or the fear of missing an opportunity, is one of the most common mistakes among beginners in the investment world, particularly in cryptocurrencies. This feeling often drives newcomers to invest in an asset simply because it is skyrocketing, often influenced by social media, discussion groups, or rumors. Thinking they will "miss the train," they buy without conducting analysis, at the wrong time, often at the market peak. The result: as soon as the price drops, they panic and sell at a loss.
FOMO prevents having a clear and rational strategy. It pushes one to react based on emotion rather than facts, which is contrary to good risk management. To avoid this mistake, it is essential to do your own research (DYOR), define your goals in advance, and know that there will always be other opportunities. In the world of crypto, just as in any market, patience and discipline are far more profitable qualities than haste.
As a beginner, try not to get too worked up about profit like the professionals.
"Because opportunities are just beginning"
