What is FOMO?
This acronym stands for the Fear of Missing Out. It expresses the concern that we are missing out on something. Investing is all about discipline, and FOMO stems from our emotional reactions where fear and greed control us. As a result, we make decisions that we may later regret.
If there is a significant percentage increase in the market, investors feel that they are missing something and that they could miss a lot of appreciation if they do not invest in the cryptocurrency in time. They are afraid that they will “miss the train”. FOMO is mainly felt by beginning retail investors. The opposite of FOMO is FUD or JOMO.