Most bitcoin holders believe they missed out on significant gains

According to a survey conducted by Kraken, 63% of holders think that emotional decisions negatively impacted their portfolio.

The sentiment of the respondents seems to be driven by the rise of bitcoin.

FOMO and FUD have influenced most investors' decisions.

Amid the market rally that has led bitcoin (BTC) and other cryptocurrencies to reach new all-time highs, many investors feel they have missed the opportunity to achieve greater gains.

This is indicated by the results of the Kraken Crypto FOMO Survey 2024, conducted by the cryptocurrency exchange with about 1,248 holders residing in the United States. As noted in Kraken's publication, the questions posed to the respondents focused on their emotions.

The idea is to understand how the fear of missing out (FOMO) and uncertainty and doubt (FUD) have affected investment decisions. It was noted, in this regard, that a large majority of respondents (88%) believe they could have achieved greater gains.

Everything indicates that the sudden rise in prices of most cryptocurrencies, which occurred during these months of November and December, has been the most concerning missed opportunity. 60% of respondents said their biggest concern is missing out on a significant price increase due to the influence of FOMO and FUD.

In this way, 81% of respondents admitted to making decisions based on fear, doubt, and uncertainty, while 84% made investment decisions due to the fear of missing out. A result that suggests that a large majority of investors "are allowing emotional triggers to guide their trades instead of a rational strategy."