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#039 | Crypto Shorts | FOMO - ”fear of missing out”
Manage episode 328361442 series 3349002
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The “fear of missing out” on the next big thing can cause private investors to risk too much and miss out alltogether. This phenomenon occurs whenever new ICOs, token listings, or exchange launches are about to happen. Since these events can be extremely profitable for those who are lucky enough to buy low and sell high, many people misinterpret the fortunes of others to be an indicator of what the next events will be like. To “miss out” on such events can therefore cause unreasonable buyers beahaviour known as FOMO. Listen in to find out what it’s all about and what you can do to stay calm when others are loosing!
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The content discussed in this episode is for general information purposes only and is without warranty. This is not investment advice. You decide for yourself what to do with your money.
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