FOMO (Fear of Missing Out) and greed can be powerful motivators, especially in the fast-paced and speculative world of crypto. Recognizing and managing these emotions is key to making rational and informed investment decisions.
Indeed people want to get rich quick and without reading more they just jump into these kind of projects. Greed can really make you enter into the worst kind of project
FOMO (Fear of Missing Out) and greed can be powerful motivators, especially in the fast-paced and speculative world of crypto. Recognizing and managing these emotions is key to making rational and informed investment decisions.
you captured the main points.
And the fact that some crap make some users money to great that FOMO, some do win, but then the rest can go to hell
the percent of winning is very small and majority fell woefully that's the reason niffty is vocal against shit coins
Very true. People easily get drawn to things that are trending.
yeah. They want to cash out
But if they enter at the wrong time, it would most likely make them lose than cash out profits.
there's no right time for such scammers
Indeed people want to get rich quick and without reading more they just jump into these kind of projects. Greed can really make you enter into the worst kind of project
yeah. They never do research
And the difference between the two sects is where the profit is generated.
Profit = FOMO - FUD
That's the correct mathematically formula