True to form, the cryptocurrency market has been volatile all year, offering investors plenty of chances to buy the dip. But taking advantage of a steep sell-off is easier said than done when prices are crashing all around you with no end in sight.
Now that we’re on an uptrend, folks are kicking themselves for not buying at lower prices. Here are five things you can do right now to ease your crypto FOMO in a calm and collected way.
1. Determine your ideal cryptocurrency allocation
In his book, The Psychology of Money, Morgan Housel discusses the importance of knowing what game you’re playing. Although we may be buying the same stocks or cryptocurrencies, we all have different investment objectives. Some people want to grow wealth over time, others want to day-trade for a quick buck. Then there’s everyone in between.
Knowing what you want to get out of an investment can help set the tone for a reasonable amount