Dealing with FOMO I’ll start with an example. Investing…
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Dealing with FOMO
I’ll start with an example. Investing into the market right before the bull run, the price went up enough for you to accept the profit and pull out, the price drops right as you pull your money out, so you’re happy with your decision, but the market spikes up again within the next few days and now most coins on your watchlist are up 5-20% and you’re watching the numbers keep climbing. What do you do? Do you: A) put the money back into the market at a price higher then you sold before or B) keep the profits from your previous trade because you are scared of the price plummeting right after you buy?
#cryptocurrency
I’ll start with an example. Investing into the market right before the bull run, the price went up enough for you to accept the profit and pull out, the price drops right as you pull your money out, so you’re happy with your decision, but the market spikes up again within the next few days and now most coins on your watchlist are up 5-20% and you’re watching the numbers keep climbing. What do you do? Do you: A) put the money back into the market at a price higher then you sold before or B) keep the profits from your previous trade because you are scared of the price plummeting right after you buy?
#cryptocurrency
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