What is fear of missing out (FOMO) in cryptocurrency?
Have you ever felt a sense of urgency to invest in a cryptocurrency, fearing that you'll miss out on the potential gains? This phenomenon, known as Fear of Missing Out (FOMO), is a common sentiment in the cryptocurrency world. It can drive investors to make impulsive decisions, often without properly researching or evaluating the risks involved. But what exactly is FOMO in cryptocurrency, and how can you avoid falling into its trap? Let's explore this question further.