I've just realized that many new entrants to the crypto market are facing a common psychological issue. That is FOMO — or in other words, the fear of missing out on opportunities. This phenomenon has a significant impact on investors' trading decisions.

When talking about what FOMO in crypto is, it can be simply understood as a psychological syndrome that makes you constantly fear missing out on profit-making opportunities. You hear people around talking about certain coins that are skyrocketing, and you just want to jump in and buy immediately without thinking carefully.

This often happens during market boom or crash periods. I have seen investors with FOMO in crypto fall into very negative psychological states — sometimes greedy, sometimes envious and comparing themselves to others, and sometimes discouraged by losses. When FOMO takes over, you lose the ability to evaluate the market calmly and objectively.

Some typical signs of FOMO include impatience and a strong desire to execute trades immediately. They have no plan in advance, no knowledge gained, and only follow information from social media groups. Importantly, they tend to follow the crowd without independent thinking. You’ll see them believing that this is the only opportunity, and if they don’t participate now, they’ll never get another chance.

Why does FOMO in crypto become such a big problem? I see a few main reasons. First, many newcomers lack foundational knowledge. When the market is growing, they see others making profits and rush to join without understanding the details. When the market drops, they panic.

Second is the issue of information sources. They receive information from unreliable chat groups, from people without expertise, or even from scam communities. This makes it very easy to fall into FOMO.

Third is the herd mentality. When they see others buying, they buy too, fearing missing out. When they see others selling, they sell too, fearing losing money. All these reactions are spontaneous and not based on real analysis.

I’ve learned that to get out of FOMO, you need to change your approach. First, update your knowledge about the crypto market before starting to trade. This is the foundation of all decisions.

Second, carefully select information sources. Seek information from reputable sources, project founders, or trusted experts. Avoid Facebook or Zalo groups because it’s hard to distinguish real information from false.

Third, have a specific plan. Before entering a trade, clearly define your entry point, profit target, stop-loss level, and capital allocation. This helps you avoid impulsive decisions.

Fourth, manage your emotions. Practice patience and stick to your initial decisions. Limit checking prices too frequently, as the more you watch, the more you are influenced by market volatility.

Finally, remember that while listening to others can broaden your perspective, you should never let others make decisions for you. What’s good for the crowd may not be good for you. Always stay alert, especially in the crypto market, to protect your capital.