Whales and FOMO: Biggest Crypto Market Risks đ¨đ¨
Just like $HMSTR and $CATI airdrops, there are big players in crypto known as whales. These can be individuals or companies holding massive amounts of coins. And when these whales move, they can create huge waves in the market. Their actionsâwhether buying or sellingâcan send prices soaring or crashing fast, impacting everyone.
Whales often use sneaky tactics to control the market for their gain. They might place huge buy or sell orders to trick smaller investors or use private exchanges to hide their moves. This leads to confusion, making regular investors think the market is swinging one way when it's not.
On top of that, many traders suffer from FOMO (Fear of Missing Out). The fear of losing out on quick gains drives people to buy without research, often leading to regret when prices tumble shortly after.
The combo of whale manipulation and FOMO makes the crypto market unpredictable. Understanding these factors is key to making smart, informed decisions!
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