What is Fear of Mission Out or “FOMO” ? Simply it’s a term used to describe the anxiety ( fear / greed as we described ) we experience when we see that other people are making money and we feel left out .

Social Media

Over the years Social media has become a major catalyst for FOMO. This is with everything in life but When you see updates on Facebook , Twitter Instagram etc it becomes more real and highlighting the incredible returns / profit that is being made by friends . Even if we want to feel happy that they enjoying great success however the other sids of our brain also asks us the “why am I not in that?” feeling knowing that we are not having that profit .

With this kind of situation people are easily diverted into situations where they follow do what so called experts say and loose out .

I use two principles personally and with my clients:

Principle 1 :You work hard for your money, you don’t want to put it in crazy situation. I always say you should do your research, talk to a financial expert and fully understand what you are investing your money in. If you “invest” your money into something you don’t understand it’s be. A big problem and our emotion greed and fear will create havoc with us .

Principle 2 : making money boils down to this in cryptocurrency is determined by the price you buy and the price you sell . What’s your exit strategy for that investment .

So please do your research and/or talk to a financial professional before start investing any questions please send them over