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An experience with FOMO:
When buying a token or currency that’s about to launch, taking crazy risks doesn’t seem right to me. You should buy a reasonable amount so that if it turns out to be a scam, you don’t suffer too much damage. This happened to me with the $Shiro token, which seemed to be backed by the Shibtoken team, but this project completely wiped out $1,500 of my money. How did it happen? Purely because of my FOMO! I thought if I didn’t buy it right then, I’d fall behind, and… well, that was totally wrong. When I bought it, the market cap was $700 million, but now that token’s market cap is just $13 million. You need to research better and check the parameters more carefully so this doesn’t happen to you. Making a small profit is better than taking heavy losses when you don’t have full control.
This is entirely my personal opinion, and I hope it’s helpful! 🎩 5 replies
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