A classic example of FOMO is the fear of not being able to make money on the rising price of Bitcoin.
Typical negative consequences
Purchasing an asset of interest at high prices, that is, at inflated prices.
Forced retention of an asset during a deep drawdown, that is, when its value falls.
conclusions
Buying and selling an asset is a decision that is made only on the basis of rational reasoning and is not the result of an emotional impulse.
It is necessary to avoid FOMO, plus be aware of situations where other market participants may be entering FUD, so that you can adjust your strategy based on composure and current circumstances.
#fomo#fomo#acronyms #other
