When it comes to cryptocurrency trading, the Fear of Missing Out, or FOMO, can be a dangerous factor for new traders. FOMO is an emotional reaction, frequently to information that comes from sources that benefit from the upward momentum of the asset being discussed. This can influence people, especially those without a defined investment or trading process to make decisions without considering the risks involved.

Not only can FOMO lead to people making hasty decisions it can also lead to people investing more than they should. Cryptocurrencies are highly volatile, and new traders can quickly become overwhelmed by the amount of information available.

I have found a very simple way to pull back from hasty decisions. I simply remind myself that there will ALWAYS be other opportunities. This really helps cut the emotional response to FOMO allowing me to make more considered decisions.

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