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Two psychological forces dominate the crypto market: FOMO (Fear of Missing Out) and FUD (Fear, Uncertainty, and Doubt).
FOMO:Â Imagine scrolling through Twitter and seeing everyone celebrating gains from a coin you didnât buy. Thefear of missing out drives impulsive buying, often at the market's peak.
FUD:Â On the flip side, bad newsâlike government crackdowns or exchange hacksâspreads quickly and triggers mass panic selling.
Social media platforms like Twitter, Reddit, and Telegram amplify these emotions. A single tweet from a high-profile figure can send the price of a coin skyrocketing or crashing within minutes.
Therefore, there is dire need to do your own research before plunging into market investment.
