What is FOMO in crypto

Damn, this damn psychology in crypto again! As an experienced investor, I can tell you - FOMO drains the soul worse than any bear market.

FOMO is when you're sitting at night and thinking: "What if I'm missing out on a 300% rise? Should I throw my last money into this token?" You can almost feel physical pain when you see others getting rich while you're not.

Here's how I understand this plague:

• You get stuck in the charts every 5 minutes, afraid of missing the movement.
• You shake with every news like "To the Moon!"
• You constantly check your balance like a drug addict checking for a dose
• You curse yourself with the worst words when you didn't buy that token.
• Are you afraid to turn off Telegram for even a minute, what if there's some insider info!

How to deal with it? Just stop being an idiot! Seriously, no coin is worth your mental health. I had a period when I was sleeping 3 hours a day because of the fear of missing a trade. The result - lost deposit and a nervous breakdown.

My personal advice is to set specific goals. Don't try to catch all the rockets. Be able to say "no" to yourself. And remember - the missed opportunity today is not the last one. Tomorrow there will be a new opportunity if you have money left to enter.

And yes, stop living in the past. What difference does it make what would have happened if you had bought Bitcoin at 100 dollars? Look only forward!

#cryptolife

Disclaimer: this is my subjective opinion and not financial advice. Everyone decides for themselves what to do with their money.