Azeem Toor

Ah, you've stumbled upon a classic tale in the crypto world! That feeling of seeing a price surge and the urge to jump in, driven by the fear of missing out (FOMO), is something many traders experience. It's a powerful psychological phenomenon.
The analogy of a moth to a flame is spot on. Those vibrant green candles, representing significant upward price movement, can be incredibly alluring. The excitement and hype surrounding a surging asset can be contagious, making it feel like a sure-fire way to make quick profits.
However, as you rightly pointed out, this is often when larger players, often referred to as "whales," who bought in earlier, start taking their profits. Your late entry provides the necessary buying pressure for them to sell at a higher price. In essence, you become the "exit liquidity" – the means for them to cash out their holdings.
This scenario highlights the importance of having a well-thought-out trading strategy and sticking to it, rather than making impulsive decisions based on short-term price action and social media hype. It's a good reminder to do your own research (DYOR) and understand the fundamentals of any asset before investing.
Have you experienced this kind of situation yourself, or are you observing it happening to others? It's a common learning curve in the crypto space.