FOMO
FOMO stands for Fear Of Missing Out and we commonly use it in our day to day lives when you get that feeling you want to jump in to something because you don’t want to miss out on a perceived opportunity.
The same thing applies to Bitcoin and can lead to impulsive reactions where you see the price of Bitcoin rising substantially and decide to buy in a frenzy.
FOMO purchasing is pure emotion and doesn’t follow any strategy. It often results in people getting burned as the price drops soon after the peak emotion stage of a bull run.
Latest Articles
How Expensive Is It To Be Your Own Bank?
Every month, millions of people quietly hand over their hard-earned money to banks through fees that have become so normalised we barely notice them. Account
What Is Proof of Liabilities?
Two cycles ago, few in the Bitcoin community knew or cared about Michael Saylor and his software analytics company, Microstrategy (now renamed to just “Strategy”).
Why Corporate Bitcoin Competition is Good for Plebs
The Bitcoin space is buzzing with news of yet another corporation announcing its “Bitcoin treasury strategy.“ It’s the hottest trend since slapping an AI on