FOMO, short for “fear of missing out,” is a term commonly used in financial markets and trading to describe the anxiety investors or traders feel about potentially missing a profitable investment or trading opportunity, particularly when an asset’s value rises sharply in a short period.
FOMO is often triggered by media hype, social proof, and the dominance of Bitcoin.
Extensive media coverage of crypto rallies creates a sense of urgency, and seeing other investors succeed amplifies the feeling of FOMO. Bitcoin‘s significant rallies frequently lift other cryptos, heightening the fear of missing out on broader market gains. Additionally, historical performance, lack of understanding, speculation, and the fear of regret further fuel FOMO.
