A popular and widely used acronym in the cryptocurrency space is FOMO, which stands for:
The Fear of Missing Out (FOMO)
The Significance of FOMO
The cryptocurrency market is highly emotional and in our modern age of social media, the online and social pressures can and do have a significant impact on an investor's ability to determine when to buy and sell.
FOMO is an emotional trigger that can include the following emotions:
Emotions are a driving force for many traders and left unchecked can lead to erroneous trades that may exceed the necessary risk.