Once a a particular coin starts pumping massively, people would start getting into positions. FOMO will always happen in crypto despite the high level of risk involved in it. The current trending coin in the market is Shiba Inu. The coin has done over 65% growth since yesterday and people have been jumping in so as to catch the moving train. Now, my question is. Why did people buy this Shiba when it hasnt been this significant leap? Whats the rationale behind jumping into any coin when it has gone very high? Well, I guess it's all part of the crypto movies we see everyday. Learn to get on in a coin very early and not to wait when it starts pumping. DYOR always! #CryptoTrading
Log in to join in Reading is open to everyone. Replying needs an account.
2 comments
It's very hard to buy a coin when the price is dulling. Everything seems to be on standstill with the coin. And there's so much doubt and fear that it might not pick up. That's the best time to buy. But most people would do the exact opposite.
Exactly! But people have been immersed in the spirit of FOMO that they love to wait and see the pump before getting in.