Are we stepping into the trap of FOMO in the current bear market?

We've all been victims of FOMO to a greater or lesser extent. Especially those who are very new to bear markets or those of us who are more greedy tend to suffer from FOMO. We all are more or less familiar with this term. FOMO stands for Fear Of Missing Out. That is, when we do not make any decisions without thinking about anything, that is, a kind of fear of missing out works in us, that is FOMO.

As the current pumping of Bitcoin can cause this FOMO to work in us. Now is the hardest time to get a leg up on FOMO. Because in the current volatile market, when all the alt coins start going up, we think so and then we buy in haste hoping that the price will increase without thinking. And we then think if we don't buy at this price we will have to pay, so we are in a big hurry. Again, in this market, the price may drop a lot and we may face loss, so we sell our holding coins very quickly at a loss. Because that's the way things are going right now, and that's why we're so stoked on FOMO.

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Market coins will remain in the market. And we have to remember that it is natural that these names will come up. So this is the time we should take our time to do our research about the coin and make a decision based on logic. With a cool head, the trading chart should be properly analyzed slowly. The price is going away and should not be afraid of missing the opportunity and make a wrong entry. Because it is normal for coins to go up and down in the market. So at this time you must control yourself from this FOMO trading Otherwise these FOMO trades or fear-mongering entries and hopes of profiting are absolutely ridiculous.

Another thing to see here is that one should never buy a coin thinking that someone else is making a lot of profit because we should trade with judgment and research about the coin well. Here volatility means throwing your hard-earned money out of your pocket. Here, trading restlessly means that the hard money in the pocket will be lost in front of the eyes. It is essential to control FOMO trading in this business. But in reality we are close to 90% FOMO traders. To be honest, I do that sometimes and it hurts. And the current time has created a difficult situation for us so this is the time to keep yourself free from FOMO.

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