F

FOMO

FOMO is short for "fear of missing out"

FOMO in the context of Crypto is short for “Fear Of Missing Out”. FOMO is the feeling of anxiety or the idea that other people are sharing a positive or unique experience. While on the other hand, you are missing out.

As crypto trading is still very much driven by emotions rather than valuation, FOMO is a huge factor to consider when swing trading in crypto.

Crypto investors may feel this when they see a bull rally in a coin or token. However, they have yet to buy it. The FOMO feeling is particularly prevalent when a cryptocurrency rises in value significantly over a relatively short period of time. This sentiment will likely trigger a surge in its price.

History shows it is not​ possible to insulate yourself from the consequences of others holding money that is harder than yours.

Dr. Saifedean AmmousFounder and CEO at saifedean.com

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