Liotes Mission - What is your Fomo risk profile?

FOMO is a tough thing to fight, especially when you are first starting out in Crypto.
I would say I'm low FOMO risk, but only because I force myself to be. I have a rule to not invest in a project until I have a full understanding of what it is, how it works, and who is running it. I miss out on a lot, but my picks tend to do well. !LUV

Considering that I'm more slow, in the sense that it's more difficult to change my views, maybe because I've achieved most of what I wanted in life and I don't have any particular intention to change the world or anything like that, I'll say that the first category suits me best. Maybe I would stray a little into the second category but the main guidelines are always in play. That is why I am more or less just hodl. 😎

Regarding FOMO, I drew this a while back. It was initially posted as "everything I know about trading, part 1" or something like that:

!LUV

I'm probably a cross between category 2 and category 3. I've got a few things where I'm pretty disciplined in my approach but there have also been a few where I've gotten a little too far over my skis. I've managed to curtail it and keep it in check for the most part, but there are still things that send me leaping in before I look too hard. #Splinterlands was definitely one of them, and still is. I've been lucky that it's continuing to perform but I probably need to slow down a little. lol

But take #Liotes for example. I got excited early and bought 100 miners (Cat 2) but I made up my mind to just grow from there without going crazy. I haven't gone out and spent a bunch of money but I have yet to sell or use a single LEN. I plan on just HODLing with no real end in sight.

I've also got a little Category 1 going as well as I have a few core investments where I set goals and just worked to achieve them, without worrying about price. HIVE, LEO, & CUB for example, were all tokens I set goals to acquire and I continue to update those goals as I achieve them. There are a few others I have like that as well.

So, long story short, I think I mainly fall into Cat 2 with outliers in both 1 and 3.

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I am category 3 "High Fomo Risk". I can’t do anything about it :) Either I will win or lose. But I don’t invest more than I can afford to lose.
And I invest in interesting projects. If the project is boring and I also lose money, it will be too sad :)

I have a "Low FOMO Risk". However I do like hearing about all the new stuff. I have a plan and I stick with it. However if I complete my due diligence and it appears it would be very beneficial to be invested in that area, I will work it into my plan.

I did this with Splinterlands. I had looked into the game and had already started saving my extra earnings to pay for the spell book. Then the news came out with the date about the SPS airdrop. It took me a month to save enough for the spell book. I had only started on the platform a few months before then. Working that item into your plan, helps reduce your FOMO risk.

I am probably in the group of middle FOMO risk. I don't mind testing the waters a little bit but only for things I think got a good chance of working out. I try my best to look at things objectively but I can't stop myself from building a small position sometimes.

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I think I'm middle FOMO risk. When the year started, I made it one of my goals to diversify my crypto portfolio. So I've been keeping my ear to the ground and learning about new projects. It's important to get your information early because it seems that, especially in crypto, the early bird catches the worm. Some projects do generate a lot of excitement and I do jump on some bandwagons but I also know when to say no.

I will say that I'm in Low to Medium for FOMO. If someone asks me, "are you sure that one is profit?", I'll never answer that with a real simple answer like "yes" or "no" but to "depends". imo, Investing in something is learning about 2 things (plans and news) = Medium FOMO.

Plans
Something like the roadmap, visions, and missions of a project. So we can at least know what will be happened in the future. This thing is a must to look at if someone is trying to invest in a long-term project.

News
New information about the project that makes a decision of project is going down or high at that moment. News will be useful for a short-term project.

For Low FOMO, I check it thoroughly first and invest with real cold money (literally just some bucks that I don't have any plan what to do with that ^^")

Hmm... I'm not as strict as 1, but I'm not always 2 either. So, I guess I'm somewhere in the middle, or more exactly, it depends from situation to situation or from time to time. State of mind is often decisive whether I'm 1 or 2.

I am Low Risk. Probably comes from my experiences in engineering and actuarial science. I am able to calmly think about and quantify risk, so day-to-day events don't sway me from a long-term outlook. Also, I am old enough to know that even if I do miss something, there will always be other things.

I would say middle FOMO - I'm always mindful of what I'm investing and try to only "play" with profits from other things (like Aliens World money going into Splinterland cards :D). I've made some bad choices in Masternode projects back in the day, though nothing that I invested serious money into, and a few that panned out so things did kind of balance out overall.