The waiting game is almost over. Many investors who held onto their coins during the last market downturn are likely to sell their bags at breakeven to cut their losses and move on. But don't be surprised if they're back in the game when prices surge again. The psychology of FOMO is powerful, and it's not going away anytime soon.

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FOMO is a powerful force in crypto, and it's not surprising that investors who cut their losses will be eager to get back in when prices rebound.