# 😊 Hello everyone!

Today it will be the first lesson to learn🧐

Hope you understand the first learning

🎯lesson🎯

🛑Fear of missing out (FOMO)🛑

How to Deal with Crypto FOMO?🤔

"Hey, Max, did you know you missed out on Dogecoin?" "Everyone made a fortune off it."

Many investors are terrified by questions like these. So much so that there is even a term for it: FOMO (fear of missing out)😯. Research has found FOMO is more predominant in people ages 18 to 35🤨.

FOMO is a term that's popular in the cryptocurrency community, a market that has become associated with irrational and sometimes unsubstantiated trading decisions.

What Is FOMO in Cryptocurrency Investing?

FOMO in the crypto world occurs when a person makes an irrational decision to trade or invest in a crypto asset based on some piece of information received without properly verifying the source and or accuracy of it.

FOMO in cryptocurrency leads people to buy assets at their highest prices or even sell them at their lowest, rather than vice versa, which would be better advised. Sometimes, the consequences of crypto FOMO can be worse and more profound than a loss of invested capital-it can lead to damaging situations such as disconnection from family, anxiety, and depression.

I hope that you liked the first lesson and apply it on your trading. If this was informative for you plz leave a like 👍🏼😉

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