Ways to beat the cryptocurrency FOMO Trap
Spend time researching
To prevent becoming a victim of scammers attempting to lure people into their trap, it is imperative to thoroughly investigate the project’s foundation and authenticity.
Design and follow a strategy
Setting definite goals is important prevent rash decisions. This can be the time in the market or an exit plan when a percentage return on investment is realized.
Combat confirmation bias and stay grounded
The herd mentality and strong community nature of cryptocurrency make it easy to succumb to confirmation bias.
Avoid following the crowd
If one wishes to be successful, one must resist the impulse to follow the crowd and forge their path.
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