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.Â
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
What Is Replay Protection?
When a blockchain network like Bitcoin splits into two chains through a hard fork, the two incompatible networks face a critical engineering question that determines
What Is The BLAKE2b Hard Fork?
If you’ve seen the term “Blake2B” floating around Bitcoin forums and X threads, and you’re wondering what on earth these guys are going on about,
What Happens When Bitcoin Nodes Diverge?
Bitcoin’s consensus mechanism works because, most of the time, everyone agrees on the rules. Nodes collect transactions in the mempool, miners compile blocks, submit them,