#BULLMARKET is here guys, we are finally getting that #BULLRUN we've been waiting for! #Capo was wrong, so let's go crazy #bullish
Waiiit a minute, is it true? What about #FOMO?
Here is what every #crypto trader/ investor should know about FOMO 👇
Waiiit a minute, is it true? What about #FOMO?
Here is what every #crypto trader/ investor should know about FOMO 👇
In this thread you'll learn:
• What is FOMO?
• How do you know that you got FOMO?
• What causes FOMO & what's the psychology behind it?
• Is FOMO always bad?
• What's happening now?
• What is FOMO?
• How do you know that you got FOMO?
• What causes FOMO & what's the psychology behind it?
• Is FOMO always bad?
• What's happening now?
What is FOMO in #cryptomarket?
It's a fear of missing out on a good investment opportunity.
e.g:
•The rapid fluctuation of #Bitcoin prices in 2017.
• Elon Musk's tweets about #Dogecoin causing a false bull market, it pumped then decreased by 30% in 24 hours.
It's a fear of missing out on a good investment opportunity.
e.g:
•The rapid fluctuation of #Bitcoin prices in 2017.
• Elon Musk's tweets about #Dogecoin causing a false bull market, it pumped then decreased by 30% in 24 hours.
How do you know that you got FOMO?
What causes FOMO & what's the psychology behind it?
•The scramble to be an early investor:
We are bombarded with stories of others succeeding.
So we fear missing out on an opportunity due to delay.
•The scramble to be an early investor:
We are bombarded with stories of others succeeding.
So we fear missing out on an opportunity due to delay.
•Herd behavior:
A sense of belonging is a fundamental human need.
Sometimes, people mimic the investment decisions of others, ignoring substantive information.
These investors are mainly concerned about their reputation in the market.
A sense of belonging is a fundamental human need.
Sometimes, people mimic the investment decisions of others, ignoring substantive information.
These investors are mainly concerned about their reputation in the market.
•Clutter:
When you are surrounded by too much information, it is easy to make rash decisions as you don't differentiate the signal from the chaos anymore.
When you are surrounded by too much information, it is easy to make rash decisions as you don't differentiate the signal from the chaos anymore.
•Fear of loss:
In simple words, human beings want gains every time without losing anything.
Losses affect humans twice as compared to profits & gains.
In simple words, human beings want gains every time without losing anything.
Losses affect humans twice as compared to profits & gains.
Is FOMO always bad?
No, it can be beneficial to traders.
As the market moves on two emotions fear & greed, being aware of what's happening is good.
However, don't use it as your only reason to trade because it can lead to a total loss.
No, it can be beneficial to traders.
As the market moves on two emotions fear & greed, being aware of what's happening is good.
However, don't use it as your only reason to trade because it can lead to a total loss.
Let's take what's happening now in the market as an example.
Is the bull market back?
No, all the indicators confirm that we're still in a macro bear market.
A hard landing recession crash is very probable.
Is the bull market back?
No, all the indicators confirm that we're still in a macro bear market.
A hard landing recession crash is very probable.
Does this mean we'll be sitting & waiting?
Definitely no, these rallies are the lifeblood that makes us survive the tough bear market.
You can take profit at resistance, don’t be greedy, but if you didn't buy at lower prices that's okay, there's always another chance later.
Definitely no, these rallies are the lifeblood that makes us survive the tough bear market.
You can take profit at resistance, don’t be greedy, but if you didn't buy at lower prices that's okay, there's always another chance later.
That's a wrap!
If this thread was helpful:
1) RT the first tweet and share with others.
2) Follow me @Donnadelcrypto
for daily insights on crypto and business.
If this thread was helpful:
1) RT the first tweet and share with others.
2) Follow me @Donnadelcrypto
for daily insights on crypto and business.
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