### Emotional Rollercoaster: How FOMO and FUD Shape Crypto Trading Decisions

A recent survey by Kraken has unveiled a significant challenge faced by crypto holders: emotional decision-making. According to the survey, 63% of US crypto investors admit that their portfolios have suffered due to impulsive trading driven by emotions like fear of missing out (FOMO) and fear, uncertainty, and doubt (FUD).

The survey, which included responses from 1,248 crypto investors, highlighted that 84% of participants have made decisions influenced by FOMO, while 81% have acted on FUD. The anxiety of missing out on profitable opportunities often pushes investors to make hasty decisions, especially during market highs. On the other hand, FUD can cause hesitation and panic, leading to missed long-term gains.

Interestingly, the survey also revealed that social media plays a crucial role in amplifying these emotions. Among those who rely on platforms like Twitter and Instagram for market insights, 85% reported significant impacts on their portfolios due to emotional trades.

Despite these challenges, many investors are adopting strategies to mitigate impulsive decisions. Techniques like dollar-cost averaging (DCA), automated recurring buys, and AI trading bots are gaining popularity as tools to reduce emotional bias and promote a more methodical approach to crypto trading.

In a market as volatile as cryptocurrency, maintaining a rational and strategic mindset is essential for long-term success. As the survey suggests, overcoming emotional pitfalls could be the key to unlocking greater gains in the ever-evolving world of digital assets. #FOMOwinners