Cryptocurrency charm: History of fear, anxiety and phomo
In the financial world, more and more phenomena are growing, which caused investors, traders and even ordinary consumers to feel alarming and unclear. It is known as the fear of disappearing (phomo). But what lies in this psychological trap and how does it affect cryptocurrency prices? In this article, we delve into Fomo’s psychology and examine its effects on cryptographic rhinths.
What is Fomo?
FOMO is a common psychological phenomenon that makes individuals feel disturbing or fear that there is a lack of opportunities. This is often determined by social media platforms, which are constantly presented to consumers about the success and failures of others. It creates a sense of anxiety, as if a person who watches the lives of his friends could spend an exciting experience.
In the context of the cryptocurrency, the phomo takes a different shape. When investors see how other merchants or investors make money on the market, they will probably be frustrating about the potential benefits. This anxiety can lead to impulsive solutions such as purchasing or selling, taking into account short -term market fluctuations.
FOMO Psychology
Several factors contribute to Fomo’s psychological phenomenon:
- Social Media : FOMO Breeding Social Media Platforms such as Twitter, Reddit and Facebook. Consumers are constantly bombarded with updates on the success and failure of others, creating a sense of competition.
- This fear can be tightened by the constant flow of market messages and updates.
- anxiety and uncertainty
: The cryptocurrency markets are by nature unstable, and prices are variable due to a variety of factors such as regulatory changes, technological progress and global events.
Influence on cryptographic prices
When investors experience Fomo, their emotions can force them to make impulsive decisions that eventually cause loss or profit. Here’s how:
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FOMO samples cryptocurrency
To show the influence of phomo on cryptographic prices, let’s consider some examples:
- Gox. Investors who have missed this opportunity for phomo often regret their decisions.
- past altcoin
: altcoin madness 2018 2018 At the end of the 19th century, Fomo partially encouraged. Many investors who want to get involved in the cryptocurrency space have bought many chips without fully understanding their value or risk.
Breaking a “Fomo” cycle
In order to avoid the felling of the victim on the phomo and its effects on cryptocurrency prices, it is necessary to create a more advanced understanding of the markets. Here are some tips:
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