BTSE’s new report, titled “Crypto Trading Psychology: Dealing with FUD and FOMO in the Cryptocurrency Market”, discusses the challenges faced by investors in cryptocurrency trading and how fear, uncertainty, and doubt (FUD) and fear of missing out (FOMO) can impact the market.
FUD can cause panic selling of holdings, while FOMO can lead to buying into a hyped asset without proper due diligence. Both of these can contribute to irrational decision-making and market volatility.
The report presents several examples of FUD and FOMO in the cryptocurrency market, including the 2017 Bitcoin crash, the 2020 COVID-19 market panic, and the 2023 Silicon Valley Bank collapse and USDC depeg. The article also suggests techniques for overcoming FUD and FOMO, such as maintaining a long-term perspective, conducting proper research, and setting clear investment objectives.
Download this BTSE report here.
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Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.