The psychology of Bitcoin FOMO: Understanding fear of missing out

As Bitcoin continues to capture headlines and attract buyers worldwide, the phenomenon of Fear of Missing Out has emerged as increasingly normal within the cryptocurrency area. FOMO refers to the anxiety or apprehension individuals enjoy when they perceive others benefiting from a possibility, leading them to fear being left behind. In the context of Bitcoin, FOMO can power traders to make impulsive decisions, like buying into the market at peak prices or overleveraging their investments.

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