Short for ‘fear of missing out,’ in crypto, FOMO refers to a trader’s or investor’s fear they may be missing out on a potentially lucrative opportunity. It has been seen as a major driving force behind the rapid rise and fall of Bitcoin’s price in 2017. This fear can drive individuals to act impulsively and make investment decisions based on emotion, rather than logic and reasoning. FOMO can strongly impact cryptocurrency prices and cause major volatility in crypto markets. It can also lead investors to incur far greater financial losses.
Emotion is a human nice value, seems to me, we are not machines, nor investing machines, nor boots, we are humans sometimes doing wrong and more times doing welll …
If you FOMO, you will lost your funds
FOMO is my life… everyday
FOMO is an abbreviation for Fear Of Missing Out.
It refers to the sense of urgency to buy crypto when there’s great hype and everyone else is talking about. Not really a good time to invest as majority get rekt when they buy due to FOMO especially when they don’t have good risk management.
fomo is nature of all life
Yeah great write up mate.
FOMO is very annoying. But over time it gets smaller, you get used to it
fomo is not good!(
I am Fomo.
Don’t FOMO, you will win