2026-01-14
How FOMO Ruins Coin Decisions (The Enemy of Wealth)
When you feel the sudden urge to buy because "everyone else is doing it," you are about to lose money. Here is why.
FOMO (Fear Of Missing Out) is the dealer's best friend. It turns rationale investors into gamblers.
The FOMO Cycle
- Price Rises: Silver hits $30. News headlines scream "Silver Shortage!"
- Panic Sets In: You think, "If I don't buy NOW, I will never get to buy again."
- The Impulse Buy: You buy 100oz at the absolute peak ($35/oz).
- The Crash: The price corrects to $26. You are instantly underwater.
The Antidote: The 72-Hour Rule
If you feel your heart rate go up when looking at a chart... Walk Away. Institute a mandatory 72-hour waiting period for any purchase over $500. If it was a good idea on Tuesday, it will still be a good idea on Friday. Usually, the emotional spike fades, and you realize you were just chasing the herd.
Wealth is built in silence, not in panic.
Contrarian Alerts
We frown when prices rise and cheer when they fall. Join a community of contrarians who buy when everyone else is selling.