How can a crypto beginner avoid Fear of Missing Out while investing in crypto?

[Kera]

When it comes to crypto investments, many people pursue it with Fear of Missing Out (FOMO). It simply is joining to invest in a crypto because everyone is also investing in the token.

Beginners in crypto are more prone to act with FOMO. How can they overcome that?

 

[King Belieal]

As a beginner in crypto, you have to take time to study and understand the working of crypto to avoid acting with FOMO. If possible, have a crypto mentor.

 

[Suba]

Fomo often harms newcomers in the crypto world, to avoid fomo especially for beginners, you can set investment goals, don't follow the news without understanding, do research and analysis before buying crypto, don't easily believe tweets from celebrities and famous people.

 

[SilverLance]

It's a common feeling among investors, especially beginners. Before investing, it’s crucial to understand what cryptocurrencies are and how they work. Knowledge helps build confidence and reduces the likelihood of making hasty decisions.

 

[Augusta]

it is to rely on data-backed indicators like RSI, Bollinger Bands for better timing. Then go ahead to prioritize trusted sources and limit price checks to avoid hype-driven FOMO