What is FOMO? FOMO (Fear of Missing Out) is a common psychological phenomenon in the cryptocurrency circle, particularly prevalent in the crypto market with its rapid price fluctuations and occasional surges that often trigger investor FOMO. Fear of missing out on a chance to get rich quick can lead to impulsive investing, which may result in unforeseen losses. FOMO's Typical Manifestations in the Crypto Sphere In the cryptocurrency market, FOMO usually manifests as chasing price surges when a coin's value rapidly increases, panic buying upon seeing others profit, being swayed by 'winning' stories on social media, KOL recommendations, and neglecting risk management due to a desire for potential profits, sometimes even making all-in bets. The Psychological Roots of FOMO At its core, FOMO stems from human instinct—our innate desire to join opportunities others perceive as profitable and not to fall behind trends. This is especially apparent in the volatile crypto market, where fear of missing out on historical price movements is common. How to Deal with FOMO Rational analysis: Avoid being misled by short-term market volatility and thoroughly research before making any investments. Setting goals: Have a clear investment strategy and goal, and do not change your plans simply to follow market emotions. Controlling emotions: Constantly remind yourself that market opportunities are forever present and there is no need to rush. Stay calm and do not let emotions drive decisions. Risk management: Establish reasonable stop-loss orders and position management strategies to ensure that even if the market does not perform as expected, it will not deal a fatal blow to your investment portfolio. Summary FOMO is an unavoidable psychological challenge for cryptocurrency investors. It can compromise decision-making quality and increase investment risk. Hence, maintaining composure, doing due diligence, and managing emotions are critical for profiting in the crypto market in the long term. As a crypto investor, developing rationality and patience is crucial, and one should not be swayed by FOMO induced by short-term market fluctuations.