The abbreviation F.O.M.O meaning Fear Of Missing Out is popular but not limited to the crypto space. Let's talk about the amazing crypto space before we venture into how fomo is affected in our daily lives.

FOMO in the crypto space

Since FOMO in general means being afraid of missing out, it simply means when an individual fails to bag a coin before it pumps and when said coin starts increasing rapidly, the individual decides to enter the market thereby buying the top.

This could result in two things happening.
Either the said coin keeps on pumping or it immediately starts going downwards. If it starts a downtrend, and the individual fails to notice on time, his capital immediately starts dropping. If the said coin pumps and the individual fails to take profit and leaves the coin without continuous monitoring, he also loses.

That's why buying the top is extremely dangerous. A current example is the SHIB coin. I had to set my wallet to alert me when shib reaches a certain price and it did. If I wasn't hodl-ing this coin, I would have been tempted to fomo but what I did was to pull out a bit and wait for it to reach my next mark before buying again.

If one had bought Bnb at the top when it was $500, right now the person would be in great tears having lost $50

As I said earlier, fomo is not just limited to the crypto space it's what we do subconsciously in our day to day activities. It is seen in the following situations;

RELATIONSHIPS:

This could be said to be peer pressure but deep down, one can not really be pressurized into doing things he/she doesn't want to. Let's say friend A and B are roommates and A has a boyfriend who comes visiting and B sees them doing some lovey lovey stuffs amongst others. Friend B would be forced to look for hers because she would feel that she’s missing out on the fun there and might end up accepting the next guy she sees.

SOCIAL GARTHERINGS:

This happened to me of recent where my friends planned on going for a pool party. Although I stood my ground for so long but I craved in because of the way they hyped the hangout. So because I didn't want to miss out of the fun, I got my ticket and went for the party and guess what, I ended up not having the fun' I was just sitting down watching everyone have fun. After the party since it was late at night and we had to pass an army checkpoint, we were punished for not having our ID cards and for parading the streets that late. Sounds funny ahbi ?? well trust me, it wasn't.

People also fomo when it comes to using the latest gadget, using the latest socials, buying the latest stuffs etc. I could go on and on elaborating how people fomo in their day to day activities. But what we should know is that marketers use this as a way to convey people into noticing their products. Making the public feel that they are missing out a lot if they don't buy that product (this is a trade secret oooo). How do I know this? recall that I'm also an affiliate marketer and it's my job to lure people through which ever way necessary.

The best ways to avoid being a victim includes;

1. Enter at the right time.
2. Don't do things just because people are talking about it.
3. Always do your own research before venturing into something.
4. Know when to let go (crypto).

I hope with these few points of mine, I've been able to convince you and not to confuse you that you should not fomo. It's bad for the health.

Until my next post...

I still remain Trojan
Keep on buzzing..
😉😉😉