Whenever something new enters the digital world, impressively, it gains acronyms. Usually acronyms are not bad, but in most cases - especially for cryptocurrencies, they hide secrets.

“Fear of losing” - (FOMO), is the term used to express the anxiety of not acting quickly when making trading decisions.

"Joy of Losing" (JOMO) is the term that relates to the concept of a trader who is happy not to be participating in a current cryptocurrency trend or engaging in panic selling.

The idea behind these two acronyms is 1) any delay can cause you to miss a potential opportunity and 2) miss an opportunity so good that it is usually a scam.

FOMO can normally occur when an asset that you do not have increases in value rapidly. The rising green line is enough to panic some, causing them to rush to buy the currency that appears to be increasing in price.

Fear of losing the next big win, the currency that "everyone" wants (but cannot have) or of being the trader left behind can be a driving force in price changes. And this is bad for the asset and for the investor, most of the time. The only thing you gain, most of the time, is psychological problems.

Of course, trading cryptocurrencies is a game of mind, rumors and emotions, just like the real financial market, but much more intense, because the answers are almost instantaneous. FOMO can play a key role when traders decide what to buy, sell or keep.

It also motivates some to switch markets or withdraw their assets entirely from a given market, placing them in their own cool portfolios.

While the emphasis in FOMO is more often placed on fear of losing an asset than on profits, the opposite may also be true.

Bitcoin's sudden dips can be attributed to a variety of causes, with trading happening at dizzying speeds.

Whispers of government regulations or disadvantaged markets are enough to make many oversell.

When an asset, such as stocks on stock exchanges, hit an all-time high, traders may also want to profit while it's hot, causing others to follow suit.

Resisting means you can sell when the price is already falling again, so you would have lost the big profits from a price spike. It's the roller coaster happening!

Volatility makes opportunity and opportunity, together with inherent risks, and according to individual capabilities, leads to larger, smaller gains or losses.

This means that investors who have avoided investing in BTC and other cryptocurrencies are likely to feel a JOMO feeling when prices fall.

And this is what is behind the FOMO counterpart: it relates to the concept of a trader who is happy not to be participating in a current cryptocurrency trend or engaging in panic selling.

Likewise, investors who held the BTC after the dramatic 2018 price drop must also have felt JOMO.

A great form of JOMO is noticed when fake tokens or ICOS are revealed: The feeling of relief from those who have not fallen into the trap is a JOMO.

And, when it comes to the trap, another common form of deception in the cryptonet, which uses the idea of ​​FOMO (but of course the best thing is to have the feeling of JOMO, for not participating!) is the "Oracle" manipulation.

In ancient times, "oracles" were people who conversed with the Gods and, having privileged information, informed mortals to change their destiny. Most oracles of that time were charlatans.

"Oracles" are third-party service providers that provide blockchains with external or real-world data such as price feeds, weather information, statistics, etc.

Price feeds are by far the most exploited oracle data as they allow attackers to steal millions of funds from DeFi platforms.

Oracle manipulation, or oracle price manipulation, is a more common exploit in the DeFi space, where a smart oracle contract is manipulated by attackers, which leads to system failure, theft and other damage.

DeFi networks lost more than $33 million due to price oracle manipulation in 2020 alone.

There are generally two ways an oracle can gather price information.

One is to seamlessly divert price data from centralized exchanges through APIs. On the other hand, oracles can also do the calculations through queries to decentralized exchanges (DEXs).

Both methods have their own sets of advantages and disadvantages, as well as ways to manipulate them.

In the Harvest Finance hack, the culprit was able to penetrate their pools via an instant loan using a form of oracle manipulation.

Basically, the hacker reduced the USDC value within the Curve pool through a trade.

It then entered the harvest pool at the deflated price, brought USDC back to its initial price by reversing its trade, and then exited the pool at a much higher price.

Left thousands of small investors with a lot of damage!

In other words, when talking about DefI and Dex, you have to keep in mind if the oracles are deceiving you, or changing your destiny.

In fact, whatever the result of consulting the oracle, it will change your destiny! It just depends on your FOMO and JOMO levels and your ability to discern what you really want and the risk you can take!

Always remember the market maxim: "Don't invest - not time, not money - that you can't afford to lose!"

In that case, the real-world oracles and deans are more than right!

Sometimes disconnecting is the best way to stay sane!

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