Crypto Lexicon – FOMO

The term for today is FOMO .

This is an abbreviation for the “fear of missing out”.

Cryptocurrency traders get the FOMO when they see a coin’s price jump, but that is not in their portfolio.

FOMO can drive them to make an investment in the surging coin at higher prices, and even by liquidating their positions in other coins.

In other cases, FOMO may prompt investors to HODL despite a fall in the price of a coin.

Most of the time, traders who buy a coin out of FOMO are REKT .

You may also read NOOB

by Jyotsna VRTTNews Staff Writer

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