"Financial markets are designed to transfer money from the impatient to the patient" | Warren Buffett (Detractor of Bitcoin)

Terms such as Fake News, FUD, and FOMO are thrown around far too freely and often on crypto forums, but there are some who actually have managed to successfully weaponize terms such as Fake News. One of the more common involves a scammer approaching users within cryptocurrency communities through social media or Instant Messenger, pretending to be representing a specific platform (such as a cryptocurrency exchange, cryptocurrency mining venture, or a new coin project). The scammer can claim that they are located in a cryptocurrency-unfriendly country, and ask to assist with purchasing cryptocurrency on the persons behalf, in return for money.

FOMO (Fear of Missing Out): Refers to the impulse to stay out of an investment

FUD (Fear, Uncertainty & Doubt): Refers to when someone tries to sow doubt about the viability of a project

Studying crypto through a Dark Tetrad psychology lens offers insights on why people are willing to purchase cryptocurrency. People who enjoy cheating and manipulating others to serve their interests, like the cynical, cautious types, are prone to a cryptocurrency addiction, too. We found impulsive psychopaths love cryptocurrency because they are afraid they will lose the investment rewards others are experiencing.

We found that sadists like crypto, because they also do not want to miss out on investing rewards. Sadists like investing in bitcoin (BTC) as well, because just like the psychopathic ones, they do not want to miss out on the potential rewards.

"The first rule of investing is to buy low and sell high, but many people are afraid to buy low because they fear that the stock market will lose even more. So, one can ask: When is the time to buy low? The answer is: When pessimism is at its peak!" | Sir John Templeton

We have, as we did in 2017, hundreds of thousands of retail suckers who are suffering from FOMO (fear of missing out) going into this asset class. FOMO can lead some investors to follow the herd on a hot cryptocurrency project or other high-growth investment, not fully understanding the risks involved.

How to Avoid FOMO in Crypto & Investments Fear and greed drive markets (stocks, cryptocurrencies, etc) in the short-term, and trying to follow current emotions could result in a catastrophe. Finance and investing can play a major role in your emotional wellbeing, whereas being constantly depressed by volatility of crypto markets hurts. In the last two years, cryptocurrency has gone up and down a lot, which cannot help but impact crypto investors mental well-being.

"Everyone has the mental capacity to make money in the stock market, but not everyone has the stomach. People who are susceptible to selling everything in a moment of panic should avoid stocks and mutual funds altogether" | Peter Lynch

In the crypto industry, a lot of investors got FOMO during 2020 and 2021, as a lot of cryptocurrency prices were skyrocketing. These emotions were amplified by frequent posts on social media from individuals boasting about the amazing, life-changing investment returns they received by buying the right cryptos or digital assets such as NFTs at the right time. When these spikes happened, the message quickly rippled across the global informationsphere via social media platforms such as Reddit, Twitter, and Facebook, creating a tidal wave of people who were racing to buy in fear of missing out - or FOMO, in cryptocurrency parlance.

Today,  crypto pumps are moving so fast, enthusiasts are commissioning bots to buy and sell coins, according to the announcements in Discord. Crypto pumps have been surging for several years, thanks in part to the relative ease of creating and marketing a new digital coin. Not only has the cryptocurrency market been getting better, but the small percentage of people organizing these pumps--the ones that are most consistently profiting from these pumps--have been finding it harder to capitalize on others.

"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria" | Sir John Templeton

Tools, Platforms & Applications:

CoinMarketCap | TradingView | KuCoin | BingX | StormGain | CoinInn | CoinEX | MoonXBT | BiBox | QuantFury (Referral Code: JRRU2593)

Social Media Link:

Telegram | Facebook | Twitter | Medium | Reddit | Pinterest | Instagram | Torum

Other Articles:

Traders and holders, some things we should know | Cryptocurrencies: brief summary for new investors | Cryptocurrencies: The Dark Side | Is Bitcoin A Ponzi Scheme? | Bitcoin As A Store Of Value | Inflation: Understanding The Terms | Decentralized Finance (Defi), blockchain-based solutions | Why Do Governments Hate Cryptocurrencies? | A Real Solution | Cryptocurrencies Against Economic Inflation | Centralized Exchanges Vs. Decentralized Exchanges | Some Of The Most Common Myths About Bitcoin  | Imagining A World Where Fiat Money Does Not Exist | Cryptocurrencies Vs Fiat Money | Why Everyone Should Learn Trading? | A Path To Financial Freedom | Trading: The Hardest Way To Make Easy Money? |  The Money Of The Future | Are we running out of space? | Psychological Cycle Of The Investor | Let money work for you | Commenting On Kucoin | Emotions Versus Investment, The Great Psychological Dilemma | Hero Or Villain | Will artificial intelligences be the masters of the known world? | Feed The Soul Before The Body | Money Flow Theory ("True ignorance is not the absence of knowledge but the fact of refusing to acquire it" - Karl Popper) |  Artificial Intelligence Friend or Foe? Do the laws of robotics really protect us? | Time: Your Best Asset | The Cryptocurrency Trader Controls How He Trades, The Market Controls How And When The Cryptocurrency Trader Gets Paid | What Does The Cryptocurrency Trader Need To Operate In The Markets? |  Haters & Cryptocurrencies |  How to achieve financial freedom when you are deeply in debt |  Just do Something  |  Commenting about Tradingview |  Estupidy Is Not Disability |  Crypto Addiction | Cryptocurrency Market Makers | Web3 Is About Free Choice And Democracy | Cardano (Ada): The Voltaire Era | Trade in cryptocurrencies, emotions, overcoming greed and the excess of confidence

REMEMBER THAT YOU ARE ALSO REWARDED FOR READING THE PUBLICATION, CLICK ON THE "☆ TIP" BUTTON AND RECEIVE YOUR REWARD. TIPS ARE FREE!

Author's Note: The opinion expressed here is not investment advice, it is provided for informational purposes only and reflects the opinion of the author only. I do not promote, endorse or recommend any particular investment. Investments may not be right for everyone. Every investment in the market and every trade you make involves risk, so you should always do your own research before making any decisions. I do not recommend investing money that you cannot afford to preside over as you could lose the entire amount invested.This is an informational article, I do not promote, endorse or recommend any particular investment, investments may not be suitable for everyone as the entire amount invested could be lost.