In every bull market thereās one emotion that show up again and again. Iām talking about FOMO.
FOMO, or āfear of missing outā kicks in when the bull market starts heating up. Those green candles appear and suddenly your brain screamsĀ ‘If I donāt buy now, Iāll miss life-changing gains!’.Ā Every crypto investor feels it at some point. But in my experience, FOMO rarely leads to smart moves, and often leads to getting wrecked.
Why? Because FOMO feeds on panic and impulse. Not strategy.
FOMO convinces us to buy at the top, constantly rotate our capital and chase the latest shiny object. And while hopping from coin to coin might feel exciting in the moment, it doesnāt necessarily lead to success.
In fact, the best moves in crypto donāt come from FOMO. They come from conviction.
These days, I deal with FOMO by doing the opposite of what it wants. I wait. I let my impatience settle and more often than not, I get a better entry⦠or see that it’s all just hype. That simple pause has ended up saving me from unnecessary losses.
So if you feel the FOMO bubbling up (and you probably will at some stage!) simply press pause.Ā Walk away from the screen, revisit your plan and donāt make decisions from fear or panic. The good projects don’t disappear in five minutes, theyāll still be there when your head is clear and your strategy is back in the driverās seat.
And if you’re feeling the itch to do something, Dollar Cost Averaging (DCA) is your best friend. Invest incrementally into the market to remove the emotion from your investing (DCA is also a great way to take profit, too).
Remember, crypto isnāt just about making gains today, itās about building wealth, financial freedom and sovereignty. So hold your vision, be patient and let conviction, not FOMO, lead the way.
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