Digital Wealth Group

When FOMO hits, remember this 👇

When FOMO hits, remember this 👇

In every bull market there’s one emotion that show up again and again. I’m talking about FOMO.

FOMO, or ‘fear of missing out’ kicks in when the bull market starts heating up. Those green candles appear and suddenly your brain screams ‘If I don’t buy now, I’ll miss life-changing gains!’. 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 doesn’t necessarily lead to success.

In fact, the best moves in crypto don’t 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. Walk away from the screen, revisit your plan and don’t make decisions from fear or panic. The good projects don’t disappear in five minutes, they’ll still be there when your head is clear and your strategy is back in the driver’s 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 isn’t just about making gains today, it’s about building wealth, financial freedom and sovereignty. So hold your vision, be patient and let conviction, not FOMO, lead the way.


Related Posts

Key Takeaways from Episode 001: Create Your Master Vision Part 1

Key Takeaways from Episode 001: Create Your Master Vision Part 1

Wow! What a response to our first Seeds of Greatness Project webinar last night! It was wonderful to connect with the SOG…

All about PulseChain: Updates, narratives and latest predictions!

All about PulseChain: Updates, narratives and latest predictions!

Today we’re diving deep into the world of the PulseChain ecosystem. I’ll be going over the background, sharing expert perspectives,…

Why 2023 is the year of the Airdrop (and how you can participate)
  • March 18, 2023
  • News

Why 2023 is the year of the Airdrop (and how you can participate)

I’m calling it: 2023 will be the year of the airdrop! Airdrops are one of my top megatrend picks for…