When you see everyone on YouTube praising a particular coin together, avoid that coin carefully. Most of the time it is seen that they have invested in those coins long ago. Realizing the time, they will break away by selling coins to FOMO at a higher price. This is called 'pump-and-dump'. If you do not know what a coin will do in real life, refrain from investing there. |
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FOMO is the number one reason why people feel keep falling into Ponzi schemes all the time. Once there is noise and constant discussion about a particular coin it is obvious that people will put their money into it even without making any research about it.
I agree with you.
I agree with you. Most times when the news is everywhere that a particular coin is doing great, that's the time to take your profits by selling - because after such praises, comes the dump usually. Thanks for sharing!
Thanks
FOMO: that fear of not wanting to miss out on what is to come. Falling into that is not very smart, but creating it yourself is. Will you agree with me?
I rescue the research, in this case, to that crypto and see what utility it has if not, do not buy. Excellent advice.
Thanks