How to beat fomo and find success in Crypto Investing?

Ethan • Mar 08, 2024

Cryptocurrency and the broader realm of Web3 technology can feel like a wild ride, characterized by intense highs and devastating lows. But amidst this volatility lies opportunities for those who understand the game and play it wisely. Unfortunately, many find themselves on the losing end, while only a select few reap the rewards.

How does this happen? The answer lies in crowd manipulation.

Each cycle, the same pattern emerges: the majority of investors miss out on early growth, succumb to FOMO (Fear of Missing Out) at peak prices, and sell at rock-bottom lows because they think it's over. Breaking free from this cycle requires conquering FOMO, a task easier said than done.

Understanding market structure and recognizing patterns of crowd behavior is key to success in the crypto/Web3 space. Contrary to traditional markets, crypto markets to date are less about fundamentals and more about psychology. By grasping this concept, investors can begin to tilt the odds in their favor and find ways to #TakeItBack

The essence of a winning strategy lies in buying before a project gains widespread attention and selling when greed takes over. This means seizing opportunities during the Depression stage, when fear reigns supreme, and avoiding the temptation to chase profits during euphoric peaks.

But how does one put this theory into practice? Here are some actionable steps:

Discipline is Paramount: Treat market profits with the same respect as hard-earned cash. In a bull market, fortunes are made and lost in the blink of an eye. View profits as treasures to be protected, not gambled away recklessly.

Patience Pays Off: The biggest profits often come after months or even years of waiting. Embrace a long-term perspective and resist the urge to constantly chase quick gains.

Hold onto Winners: Resist the temptation to sell winning tokens prematurely. Allow them to thrive and maximize their potential.


Timing is Everything: Enter on news expectations but sell after the news is out. Don't invest in old tokens; focus on todays emerging narratives like AI, RWA, DePin, DeSoc, GameFi, Ordinals etcetera with significant growth potential.


Stay Informed: Stay on top of the news and trends, but always verify the legitimacy of influencers and sources of information. Or just follow us ;)

Now, how do you spot undiscovered gems with the potential for exponential growth? Look for tokens with solid fundamentals, notable price differences, and signs of bottoming out. Utilize tools like Crunchbase,  CryptoRank_io, DefiLlama and CoinGecko for example to research promising tokens, analyze projects before buying (team, website, tokenomics, engagement on Social Media etcetera) and stay informed about developments within the community.

Remember, success in the crypto realm is not about luck but about understanding the psychology of the crowd and having the discipline to stick to a sound strategy. Those who master this can even start to take the first steps to escape from the matrix by exploring the possibilities and building a parallel society that one day can become an absolute new reality!

 
If you liked this article, please share it widely on social media to help us reach wider audience interested in learning more about crypto and Web3 technologies.

Also if you have any questions or feedback we would love to hear back from you!

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