Avoiding FOMO: Tips for Staying Disciplined in Crypto Investing
Aayushi Jain
Set clear investment goals. Decide on a percentage for each crypto asset in your portfolio. For example, 50% Bitcoin, 30% Ethereum, and 20% altcoins.
Use tools like CoinGecko’s price alerts. Set alerts for specific price levels to avoid buying during a sudden pump, which often leads to FOMO.
Follow a Dollar-Cost Averaging (DCA) strategy. Instead of chasing quick gains, invest a fixed amount, say US$500, every month, regardless of market fluctuations.
Do your research before investing. For example, projects like Solana (SOL) showed rapid growth in 2022 but faced network outages in 2023, teaching a valuable lesson about hype vs. reliability.
Join crypto communities, like Telegram or Discord groups, but stay cautious. Follow reputable sources like Messari and CoinTelegraph for balanced perspectives.