FOMO

FOMO, or ‘Fear of Missing Out’, is a common emotional response in the cryptocurrency market. It occurs when investors rush to buy assets experiencing rapid price increases, fearing they’ll miss out on profits. While FOMO can drive short-term market momentum, it often leads to irrational decision-making and buying at peak prices. It’s a leading cause of volatility and price spikes in crypto. Managing FOMO involves having a solid strategy, sticking to investment plans, and conducting thorough research. Educated investors avoid making decisions based on hype or crowd behaviour. Recognising and controlling FOMO is key to long-term success in crypto investing.