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Crypto
FOMO
Fear Of Missing Out — the anxiety that everyone else is getting rich and you’re not.
FOMO is emotional, not logical. The best investors have rules (like only investing money they can afford to lose) and stick to them even when everyone else seems to be getting rich overnight.
Recognizing FOMO is the first step to beating it.
It’s that feeling when your group chat is exploding with people posting screenshots of their gains and you’re sitting there with your boring savings account.
Real world: During the 2021 bull run, FOMO made people buy random meme coins at the very top. Many regretted it when prices crashed 90%. FOMO is one of the fastest ways to lose money in crypto.
💡 FOMO has created more bag holders than any other emotion in crypto — stay calm and stick to your plan.