by Hodler Ash 
FOMO Meaning In Crypto
If you are an active member in cryptocurrency world you would surely know the world FOMO and what FOMO meaning crypto world. It is an important terminology used in the crypto currency world just like HODL and FUD.
Fomo Full Form In English
- Fear Of Missing Out
What Is FOMO Meaning In Crypto World ?
FOMO is the Short form for ‘ Fear Of Missing Out ’. The feeling that you have when you see a huge percentage growth on a cryptocurrency chart and you don’t have that coin, so you sell other shit to buy into it freaking out.
It is true that crypto trading is still very much controlled by emotions rather than valuation, FOMO meaning crypto world a huge factor to consider when you swing trading in crypto. Today FOMO has dominated the mind-set of crypto investors all over the world. We can summarize the root cause of FOMO meaning crypto in one word “access “.
How FOMO Affects The Crypto Market ?
Crypto currencies are global, and just like any other market, it is also subjected to the influence of a large amount of different factors. They can be impacted by the present state of the economy, regulations, supply and demand, new technologies, and many other factors.
FOMO meaning in the crypto world result in your fear in losing a good deal, this emotion is something that controls the cryptocurrency market.
Never has it been this easy to buy and sell a security. In a matter of small amounts of time like minutes or hours, we can even able to double our crypto investment. It is very easy to buy crypto because anyone with an Internet connection can easily purchase coins.
Why FOMO Plays Role ?
FOMO is incredibly relevant for the crypto currency market because some of the greatest gains in the history of finance have seemed with cryptocurrencies like Bitcoin, Ethereum and Litecoin.
Everyone associated with cryptocurrency investing space is well aware of the immense opportunity that still exists in crypto today, therefor no one wants to miss out the next incredible rise.
What this means is that as soon as enough people think that a particular cryptocurrency has the potential to go on a big run, large numbers of people can start buying the currency because they have FOMO, and they don’t want to miss the opportunity.
FOMO is crypto’s important factor than it is in many other markets. This is so many people believe in its enormous potential for exponential growth. Oftentimes, the investors who make the most money on an asset are the ones who bought in the earliest.
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