Most people find it very difficult to keep cash and wait for the right opportunity to invest. Because they cannot stand the sight of others getting rich in a vibrant market. No one wants to get rich slow.
Humans have the instinct to live in groups and have many complex relationships. We imitate, learn, follow and compete with each other to create the driving force for society to move forward.
And that is also the reason why FOMO begins.
However, risks always know how to happen at the right time. And the time when you are most caught off guard is when you are FOMO. When FOMO has absolutely no capital management, risk management, crowd investing and looking back at the problem you don't even understand why you made that order.
FOMO in my opinion is not completely bad, as long as you understand what you are doing, don't blindly follow the crowd.