FOMO factor: Consuming fear of losing cryptocurrency in space
Integration of recentness, cryptocurrency Z exploded with global withdrawal, using the attention of investors, traders and entrepreneurs. How, below the surface of the fast resolution of the bus with fast brown lips – fear from lack (Fomo). This psychological driver is to clean the crazy marquet pace, leading the participants to a new understanding of his potential risk.
What is Fomo?
He warns the advantages of individual experience. Immediate context from the cryptographic currency, Fomo manifests itself in various ways, for example:
- Echo Chambers social media : Distribution of social media platforms such as Twitter, Facebook and Redish, created whether entrepreneurs and traders share an experiment and air opinions.
- Tradowskie forums and chat rooms : Online forums and chats broke the basics of commercial strategies based on FOMO and speculation.
- Peer-to-Peer network (P2P) : P2P Telegram growth and signed persons to connect with sharing shares to obtain information, awards and preditias about cryptocurrencies.
Biet of Fomo psychology
Research suggests that FOMO is closely related to the psychological concept of “reluctance to lose”. When they see the loss or fear that you are missing (Fomo), it’s your own risk. This is a cognitive prejudice can lead people to:
- Happy markets : Pressure to make a cutout and buy before others, with a potential risk.
- Overrade : The desire to maximize phrases through quick trade cannot relax if it is not properly managed.
effective FOMO on cryptocurrency investors
Fomo has a deep impact on cryptocurrency marker. Here is a real example:
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- High pressure trade
: A constant stream of information and social pressure can be traders who make impulsive decisals, such as it looks or cells at the bottom.
3r loss.
Fomo dismissal
When Fomo can be a powerful undertaking in bronze and innovation, it is necessary to recognize its limitations. FOMO tool:
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- EDUCATIONS YOULF : be up to date with economics, technology and regulations outside cryptocraces.
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Application
Fear of disappearance (FOMO) is a powerful psychological drive in the space of cryptocurrencies, pollution of fast brown, but also narrowing unnecessary risk. Thanks to the versatile psychology behind Fomo and the step on its effect, individuals can make more conscious decisions and avoid fear. Currency Marcks assessed by Crypto to Volf, it is necessary to be aware of psychological dynamics and adapt our investment strategies accordingly.
references:
- “The Psychology Off Fear in Financial Markets” Timothy J.