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RE: What is FOMO? - The psychology of trading.

in #cryptocurrency7 years ago

@mihaisyblu,

In the legacy markets - NASDAQ, NYSE, AMEX, CBOE, etc., it was phrased as "Don't miss this train."

Meaning: Buy Now or Be Sorry.

It's the same type of fear/greed marketing used today in the cryptocurrency markets; usually for PND (Pump and Dump) sh*tcoin ICO's.

For example: "Announcing the Next Bitcoin: SUCKERCOIN. Don't miss out on this chance to be an early adopter!"

Upvoted and following you now.

Namaste,

JaiChai

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Yes you are right. I also know these terms from the old capital markets. I'm old fox on capital markets ;-) And I'm following you.

So, meanwhile: somewhere else there is something very unspectacular to nearly anybody, and to most people unknown, that is the really great buy now. Judged from ten years from now.

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