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
Can AI Steal Your Bitcoin Wallet?
Large language models and generative AI have dominated the news cycle and captivated the imaginations of many enthusiasts, but even casual users have started to
Foundry Starts Merge Mining Rootstock
The Bitcoin ecosystem has taken steps to extend its reach beyond the base chain and its limited capacity; while a lot of focus remains on
What To Do If BTC Mixing Services Are Banned?
The Karenisation of the EU is nothing new; they’ve shown signs of Bitcoin derangement syndrome for some time and are still firmly in the fight-you