Fear of missing out (FOMO) is common in crypto trading and it is when a trader enters into the market because they do not want to miss out on a trading opportunity that would enable them to get good profits when they buy a particular coin at that moment , FOMO can also make a trader to jump into the market at a wrong time or when the market is overbought already..
But there are also instances when FOMO can give you a chance to make nice returns on your investment before it becomes too late..
Let me give you a true life example , some years ago I saw some people buying bitcoin at a price which was below $10000 , because of FOMO I bought bitcoin at that price, infact part of the money which I used to make the purchase was a loan simply because I just want to make sure that did not miss the buying opportunity.. fast forward to years later, bitcoin skyrocketed to up to above $20000 and I resold it back and made cool profits on my investment..so in that case FOMO helped me gain more , though the FOMO helped because the coin itself was worrh investing on...
If it was a shitcoin , I could have lost all my investments..