What is FOMO or Fear of Missing Out?
FOMO, or the Fear Of Missing Out from a crypto-related aspect, is used by participants to describe the feeling that appears when they see a major increase in the price of a cryptocurrency they don’t own. For instance, an individual might experience FOMO when the price of a Bitcoin starts rising, but he/she doesn’t own BTC, and they are missing to capitalize on the price increase. FOMO is an important factor in the crypto market because traders are largely driven by their emotions when it comes to cryptocurrencies.
