FOMO, or Fear of Missing Out, is a psychological phenomenon that can lead investors to jump into or out of the market impulsively. Personally I call it Crypto Cowardice.

When the price of a cryptocurrency goes really high, people who have FOMO might feel pressured to buy it, worried that they will miss out on making money. This can result in quick buying without checking or understanding what the item is.

FOMO makes people rush to buy things, which raises prices even more and can lead to a bubble that eventually pops. It's very important to understand FOMO and find ways to reduce its effect on your investment choices.

FOMO can make you buy when prices are at their highest, causing you to lose money when the prices drop. It usually comes from excitement on social media and the worry of missing out.

Creating a simple investment plan can reduce the impact of FOMO (fear of missing out).

Investors should pay attention to long-term goals instead of looking at short-term price changes.

Taking some time to look at the market situation can help you understand things better and avoid making rash choices.