Let's talk about FOMO (fear of missing out). This expression refers to the fear that others are having a rewarding experience and we're not participating in it.
This can apply to cryptocurrencies. We think we're missing the opportunity to buy a cryptocurrency at its lowest price, believing it will appreciate and be worth much more in the future.
Reality tells us that buying cryptocurrencies solely because of FOMO hasn't worked. You have to do your own research before buying.
Don't let FOMO lead you into a bad investment. And remember to use an amount of money you can afford to lose.
👇🏻Let me know in the comments if you've ever bought a token because of FOMO.