FOMO, or Fear Of Missing Out, describes the anxiety that investors experience when they worry about missing out on a potentially lucrative opportunity. This emotion can drive people to make impulsive decisions without adequate research.
FOMO is prevalent in the fast-paced world of cryptocurrencies, where rapid price movements can trigger herd behavior and irrational market trends.
Recognizing and managing FOMO is crucial for maintaining a disciplined investment strategy and avoiding costly mistakes.
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