Degen

Maximizing your Gains during Altseason: A Simple Guide to Avoid FOMO

When a bullish wave occurs in the market, especially in altcoins, it often happens in phases. Sometimes, certain coins within an ecosystem start pumping aggressively, while others remain sideways or even retrace. It's common for people to begin moving funds from one coin to another, as shown in the image. This typically happens due to one main emotion: Fear Of Missing Out (FOMO). When you see many coins going up but not yours, you start moving your funds into those that are pumping. It's a familiar scenario when, right after you make the switch, the coin that was pumping starts to correct, and the one you've been holding for weeks (and just sold) starts to go up. Sounds familiar?

Great insights! It's so easy to get caught up in FOMO during altseason. Staying patient and sticking to your strategy is key to navigating these market waves without making hasty decisions. Thanks for the reminder!