FOMO (Fear of Missing Out)
FOMO is the emotional impulse to buy an asset because it's pumping and you don't want to miss gains. It's buying high because everyone else is getting rich.
Understanding the Concept
FOMO is how you lose money. It's buying Bitcoin at $68,000 because your cousin made 300% and you feel left out. It's aping into a shitcoin that's up 500% in 24 hours. FOMO makes you abandon your strategy and chase price. Markets are designed to trigger FOMO—everyone posting gains, rockets in the charts, influencers screaming "last chance!" Smart money sells into FOMO. They bought months earlier when you were scared. Now that you're finally buying, they're exiting. The antidote is discipline. Have a plan. Stick to it. If you missed the move, there's always another one. FOMO buyers become bag holders when the music stops.
Real-World Example
Dogecoin pumps 40% in one day. You see it trending on Twitter. You buy at the top because you can't stand watching others get rich. Two days later it's down 30%. That's FOMO.
How Strykr Helps
Strykr tracks FOMO developments across the crypto ecosystem. Our AI provides real-time insights and alerts to help you navigate the market with confidence.
Try Strykr Free