Crypto market volatility affects not only your profit but also your mental health. Just imagine when the crypto you neglected yesterday starts to grow super fast! What do you feel at this moment? Maybe FOMO?
FOMO is an acronym for Fear-of-Missing-Out. Familiar? Yes, it’s about that feeling when you stay home while your friends are having fun. Something similar and more painful is happening in the crypto space with traders and investors. This feeling appears from the fear of losing profitable offers and missing out on assets that are rising.
Is FOMO Dangerous? | Control over Emotions!
We should consider that FOMO is about emotions. Therefore this phenomenon is an enemy of rationality in critical market situations. Baseless worries lead to hasty decisions, spontaneous actions and mistakes as a result. Remember that a cool head and good intuition are your besties in the crypto world.
You are not the only one who is under an emotional attack! And the more people feel FOMO, the more dangerous it gets and the more painful fall will be. Be stronger than excitement, and do not cave into reckless hype.
😎Remember: DeFi is not Disney. Listen to your mind rather than your heart!
Save the Nerves & Assets | Practice Simple Rules!
The rapid changes in the market make FOMO almost inevitable! So, let’s talk about how to reduce the impact of its intervention on the mind.
Keep Calm & Stick with The Strategy!
FOMO causes chaos, so first, you should remind yourself about strategy! Set the criteria the trade or investment opportunity must meet to be valid and acceptable. Sometimes FOMO may dictate you to follow the crowd on a popular crypto project or high-growth investment without fully understanding the risks and possible losses! Following the systematic and specific strategy, you are less likely to cave into emotional decisions.
Focus on Your Goals, not Opportunities!
Sounds weird? Maybe, but the truth is that opportunities will come and go, but the goal is for life! It’s impossible to catch all lucrative chances. Constant chasing for fortune might turn into a big loss. That is why it is crucial to decide what exactly you want to reach. Investing in soaring coins and tokens is fast, but not only one way to make a profit. So you have even more other reliable options!
Be Realistic & Analyze!
You should remember about harsh DeFi reality. There are hundreds of scam coins or failure projects. From the start, each of them seems to be a gold mine for FOMO investors and might be a perfect trap for emotional users. Dig deeper instead of looking at the growing charts! Decrease risks via additional research of the contract, whitepaper and other aspects of the start-up.
Choose JOMO Instead of FOMO
You can always replace FOMO with JOMO! What does it mean? The joy of missing out.
Do not compare your results with others’ achievements because your crypto experience is unique! Take a moment to remember all the cool things in your trading or investment portfolio and you’ll see that DeFi is still a perfect field to make a profit!
Don’t worry, be wealthy on Biswap DEX!
Get rid of the fear of losing opportunities! Biswap always has something to offer:
💸The lowest 0.2% fee on the BNB Chain
💸Robust native token BSW with 145K holders and multiple ways to earn with it
💸Stellar APYs & APRs on Farms & Launchpools
💸Tools to earn TOP tokens
You will find the best conditions for trading on the BNB chain and various features for passive income! Stick with Biswap and ride the wave of profit. Join our Social media to be informed, and do not skip any worthy offer!
To Sum Up:
FOMO is an ordinary phenomenon in life, and the crypto sphere isn’t an exception. Restrain your emotions and stick with your earning plan. Biswap always provides you with many lucrative offers and reliable opportunities!
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