FOMO

FOMO, or "Fear of Missing Out," is a common psychological phenomenon in the cryptocurrency space, where investors experience anxiety over missing potential profits from rising prices. This fear often leads to impulsive buying decisions as investors rush to buy into a market trend, hoping to capitalize on price gains before they miss the opportunity. FOMO is particularly prevalent during bull markets or when specific coins see sharp increases in value.

While FOMO can lead to quick gains for some, it often results in poor investment decisions for others, as buying during a market peak can expose investors to significant losses when prices inevitably correct. Managing FOMO is an important part of responsible investing, as it helps traders avoid emotional decisions and focus on long-term strategies.