Today I would like to discuss FOMO.
😱FOMO (Fear of Missing Out) is the feeling of apprehension that one is either not in the know or missing out on information, events, experiences, or life decisions that could make one's life better.
In crypto FOMO describes the anxiety or fear traders experience when they think they are missing out on a profitable investment or trading opportunity.
😱Driven by the FOMO, investors don't analyze the market and buy crypto at an unprofitable price.
With the market constantly rising, asset prices can't reflect their real value, so those who invested out of FOMO risk losing funds.
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