JAKARTA - In crypto investment, "Fear of Missing Out" (FOMO) is a scourge that often haunts investors, especially beginners. FOMO, fear of missing the opportunity to gain big profits from rising crypto assets, can encourage hasty investment decisions and not based on in-depth analysis.
This phenomenon is often triggered by stories of crypto assets that skyrocket drastically, causing fear of losing opportunities. Like the case of Squid game coin which experienced a fantastic price increase before it was finally revealed as a fraudulent scheme.
This condition shows the importance of understanding how to manage emotions and avoid FOMO traps. Here are tips to avoid FOMO on crypto investments according to Pintu Academy, an educational platform from the DOOR app.
Overcoming FOMO requires careful discipline and investment strategies. One of the effective steps is to set realistic investment goals and targets. This includes determining crypto assets for long-term investments and considering other potential assets for short-term purchases based on fundamental and technical analysis, not just following trends.
In the information era, it is very important to obtain information from credible and neutral sources, which focus not only on price projections, but also provide comprehensive analysis including existing risks.
Use the Dollar-Cost Average (DCA) strategy to eliminate emotional influence in investment. With periodic investment without caring about market price fluctuations, investors can reduce the risk of losses due to improper market timing.
In addition, portfolio diversification is an important principle in reducing risk. By spreading investment in various assets, losses to one asset can be minimized by rising on other assets, maintaining overall portfolio stability.
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