Many degens are active participants in online communities, such as Discord channels or Twitter spaces, where they share tips, memes, and insights about trending projects. This sense of community and shared excitement can amplify the risks involved.

Forex trader💱
Crypto investor📊📈📉

The social pressure to FOMO can indeed amplify risks, but community engagement can also lead to valuable insights and unique opportunities.

A strong sense of community can indeed amplify the risks, as emotions can drive impulsive decisions. It's essential for degens to stay informed and disciplined in their investment strategies to avoid FOMO and maximize potential gains.

lol so true! the hype is real but gotta stay cautious too. love the energy in those communities tho! 🚀