FOMO – The fear of missing out is dominating the cryptocurrency market
In the world of digital currency investment, 'FOMO' (Fear Of Missing Out) is becoming a common phenomenon and has a significant influence on investor behavior. When the price of a coin suddenly rises sharply, a wave of new investors rushes to buy in with the hope of making quick profits. However, this emotional action often leads to buying at the peak and selling at the bottom - a classic mistake.
