Fear Of Missing Out!!!steemCreated with Sketch.

in hive-175254 •  3 years ago 


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FOMO is an English term meaning "Fear Of Missing Out". If you look at a graph of a coin, you will notice that it fluctuates every day. The candlestick pattern shows how the price of a coin fluctuates within a given period of time. It is also seen how many coins are sold.
When you see everyone on YouTube praising a particular coin together, avoid that coin carefully. Most of the time it is seen that they have invested in those coins long ago. Realizing the time, they will break away by selling coins to FOMO at a higher price. This is called 'pump-and-dump'. If you do not know what a coin will do in real life, refrain from investing there.
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3 years ago by

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      ·  3 years ago 

    FOMO is the number one reason why people feel keep falling into Ponzi schemes all the time. Once there is noise and constant discussion about a particular coin it is obvious that people will put their money into it even without making any research about it.

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        ·  3 years ago 

      I agree with you.

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          ·  3 years ago 

        I agree with you. Most times when the news is everywhere that a particular coin is doing great, that's the time to take your profits by selling - because after such praises, comes the dump usually. Thanks for sharing!

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            ·  3 years ago 

          Thanks

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              ·  3 years ago 

            FOMO: that fear of not wanting to miss out on what is to come. Falling into that is not very smart, but creating it yourself is. Will you agree with me?

            I rescue the research, in this case, to that crypto and see what utility it has if not, do not buy. Excellent advice.

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                ·  3 years ago 

              Thanks

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