Crypto currency has to do with emotion because of its volatility in nature and the ways in which one handle the price fluctuation is different from each other and this is where the fear of missing out FOMO come in to use. Investors always want to make use of the market chart trend to their advantage depending on whether the trend is upward or downward and they see that as a time to buy or make sell as they don't want to missed out on such things.
MEANING OF FOMO
FOMO is short form for ‘fear of missing out’. This is the hunch when one have a glimpse of a huge green portion development on a graph and one is without any coin, so one pressed the sell button to buy towards it panicking out.
FOMO is the notion of impatience or the idea that other people are splitting a productive or special adventure. And during the course of time, alternately, one is missing out
Due to crypto currency volatile, rather than the price, crypto involved feelings which is a great threat to the investors and also fear of missing out (FOMO) is a huge elements that one have to think about especially when going in to trading in crypto currency because it is one of the vital decision one has to make as an investor.
How to overcome FOMO?
Fear of missing out usually comes or caused by the volatility nature of crypto currency because it deal with emotion,the sensation may propel independent investors to compel investment decisions basically upon feeling instead of making use of their senses and abstract thinking. This kind of situation can leads to a big sparkle in the resources, experiencing higher possibility of going in to financial impoverishment.
Overcoming fear of missing out is not that easy thing to do and beat but to overcome it is very important for one to do personal research thoroughly in the cryptocurrencies before making any kind of investment decisions and it is better for one to set some kind of rules for trading aside , or set limitations on the permissible depletions and pay back.
The computer generated currency world is vulnerable to alteration. The reason why this happens is by unnatural going upward of the price and downward or selling off the crypto currency. When the prices go down, those who fear missing out on the rise usually end up making depletion and that's the reason why it is good for us to put feelings away when dealing with crypto trading because the fear can make us trigger trading in which it will affect us negatively.
Thanks for visiting my blog and have a wonderful day
I really appreciate your upvote and support
@twicejoy cares ♥️♥️♥️