Also: Fear of Missing Out
FOMO (Fear Of Missing Out) is the psychological state where an investor buys an asset at peak hype, afraid that "the train will leave without them." Most often results in buys near the local top.
The opposite is rational risk management. Experienced traders deliberately train themselves to resist FOMO.
"FOMO'd into the memecoin after a viral X thread — now sitting at -80%."
Free distribution of tokens to early users or active community members.
To buy an asset fast without analysis, on instinct or hype.
All-Time High — the historic peak price of an asset.
All-Time Low — the historic bottom price of an asset.
A holder of an asset that crashed and isn't recovering.
A speculator who plays in high-risk crypto plays; self-ironic term.
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