Arnaud SAINT-MARTIN
@anou91
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What is Crypto-FOMO?
FOMO (Fear of Missing Out) is the fear of missing out on a lucrative opportunity, causing investors to make impulsive decisions in the cryptocurrency market.
Under FOMO, traders buy assets at peak prices, fearing they will continue to rise, but often end up in losses after a market correction.
How does Crypto-FOMO manifest?
🔵 Buy on hype
— Seeing a cryptocurrency rise quickly, investors buy without analyzing its fundamentals.
— This overheats the market, often causing prices to drop sharply.
🔵 Follow the crowd
— Beginners often follow trends on social networks, trusting influencers, Telegram channels and Twitter analysts.
— They buy an asset simply because "everyone is buying", not for its true value.
🔵 Waiting for “To The Moon”
— FOMO creates unrealistic expectations, making people believe that the price of a cryptocurrency will continue to rise indefinitely.
— When the market turns, these investors suffer significant losses. 1 reply
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