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Of course, the CEO is important, but today the role of the media is huge. CZ has been known since 2017, but no one knows Richard Teng now. Even if a survey was conducted, Binance's CEO would still be defined as CZ by people. Stock market confidence comes first. This is why Binance's SAFU security fund stands out and today Binance has 193 million users.
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“FOMO” is the abbreviation of the initials of the words Fear of Missing Out in English. The English expression Fomo means "fear of missing an opportunity". “FOMO”, which we frequently encounter in the cryptocurrency world, is a term used to avoid regret. People who invest in cryptocurrencies have experienced this fear at least once. This effect affects everyone, from professionals to amateur helpers. To the question of what is fomo in the stock market, fomo is related to social media, stock market, cryptocurrency world, etc. We must say that it has various effects in various fields. In the cryptocurrency world, buying and selling transactions continue 24/7. Increases and decreases may continue at any time of the day. There are some factors that cause the FOMO effect in the cryptocurrency exchange. These factors; Greed Anxiety Impatience It can be listed as excitement. Investors watching the cryptocurrency they want to invest in are waiting for a decline opportunity. Sudden changes in opportunities in the cryptocurrency world cause investors to change their decisions. Investors who see opportunities increase are disappointed when positions are opened in a hurry and declines begin. In 2017, a recent example of FOMO, investors bought cryptocurrencies at high prices and incurred losses. Those who bought crypto currencies in large amounts experienced losses. The Fomo effect also has an individual nature. Individuals may experience the fomo effect for their personal investments. Fomo is not just a mass urge. FOMO occurs as emotional behavior rather than rational thoughts. One of the simplest examples is that it quickly pushes investors to the thought that motivates the person, such as "those who have cryptocurrency live a luxurious life." FOMO, which pushes towards irrational behavior, psychologically causes rapid action. In order to avoid losses, investments are made based on concrete information and graphics, not on attractive stocks. How to Deal with the Feeling of Fomo? People who make their own plans and research the markets they will enter in advance become conscious and follow the markets. Improving themselves, exploring hobbies, and becoming calm will reduce the effects of fomo. Balancing the fomo causes you to buy cryptocurrencies, not to make hasty decisions, and to perceive what is happening around you as it is. Cryptocurrency buyers need to be able to make rational decisions. Investments may take shape with FOMO disease. While trying to take advantage of the opportunities offered by other investors, you may encounter large losses. Decisions made with emotional motivation lie behind untimely investments. Fear of Missing Out on High Earnings It is the feeling felt by investors who rush to purchase the asset for fear of missing a profit opportunity. When there are strong emotions, too many people have FOMO, which can cause parabolic price movements. We should mention that crypto money fomo causes great losses. Investors competing for seats and switching from one asset to another often signals that the fomo effect is increasing. Extreme market conditions can change the general rules of the market. Buying cryptocurrencies based solely on increasing prices without doing research, reading charts, or technical analysis is an indication that we are caught up in FOMO.
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Staking returns change daily. The stock market that gives the highest returns reduces the returns after a few days. The purpose of all exchanges is to attract money. So stay away from unreliable exchanges.
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