๐ WHAT ARE FOMO AND FUD IN THE CRYPTO WORLD?
๐ธ FOMO (Fear of Missing Out)
โก๏ธ The fear of missing an opportunity when prices rise, leading to purchases without analysis.
๐ธ FUD (Fear, Uncertainty, Doubt)
โก๏ธ Fear caused by negative news that may not necessarily be true, leading to panic selling.
๐ง Psychology has a significant influence in the crypto market. It's not just about charts, but also the emotions of the masses that drive prices.
๐ Always stay calm. Understand before panicking. Plan before following the crowd.
