Crypto investors are currently experiencing FOMO (fear of missing out) following the recent price surge, according to a new survey from Kraken! ๐๐ฑ On December 4, Kraken released its Crypto FOMO Survey 2024, exploring how feelings of FOMO and FUD (fear, uncertainty, and doubt) are affecting the investment decisions of crypto holders in the US. ๐บ๐ธ๐ฌ
The survey included 1,248 participants and found that many investors feel like they are missing out on a major opportunity. ๐๐ธ A full 88% of respondents believe they have missed out on significant gains, especially after Bitcoin hit $100,000 for the first time on December 5. ๐๐ฐ
Despite the feelings of missing out, 84% of respondents remain optimistic about the potential for future gains. ๐๐ When asked about their biggest concern, 60% cited the sudden price surge as a missed opportunity. ๐ฎ๐ Additionally, 81% admitted that they made investment decisions based on FUD, while 84% acted on FOMO when prices spiked.
Kraken emphasizes the importance of a more methodical approach to investing. ๐ง ๐ They recommend using technical analysis and a well-planned trading strategy to navigate the volatility of the crypto market. ๐๐ช These findings highlight the emotional challenges investors face and the importance of a disciplined approach to maximize returns.
So, even though the market is trending positively, itโs still important to have a sound strategy and not get caught up in emotions! ๐โ๏ธ