One of the most common psychological mistakes in markets: FOMO.
It means seeing a digital asset rise quickly and feeling like you have to jump in immediately so you don’t miss the opportunity.
The problem is that a decision based on fear of missing out can make you ignore:
• risks
• why the price is rising
• liquidity
• your investment size
• your ability to tolerate losses
Learning and setting a clear plan is better than making an instant decision based on price movement.
#Crypto #FOMO #Investing #Bitcoin
It means seeing a digital asset rise quickly and feeling like you have to jump in immediately so you don’t miss the opportunity.
The problem is that a decision based on fear of missing out can make you ignore:
• risks
• why the price is rising
• liquidity
• your investment size
• your ability to tolerate losses
Learning and setting a clear plan is better than making an instant decision based on price movement.
#Crypto #FOMO #Investing #Bitcoin