Investors hear of others making hundreds or thousands of dollars on an asset and are compelled to make the investment, just to gain their share of the profits. There is nothing quite like posting a new photo and watching as likes flow into your notification bar. For me, this is the most important podcast episode I’ve ever published. My advice would’ve been to not FOMO into ETH as it’s hitting and surpassing ATHs. Share. Theoretical framework. Twitter Facebook Reddit Mail. Just don’t invest more than you’re willing to lose and green candles, red candles or a coin doing nothing shouldn’t have any real affect on you. The smarter bet probably would’ve been to keep your BTC and just DCA into ETH over time. It can be great for your mental health; there is even psychological proof that getting likes on social media makes us feel the same way we feel when we win money or eat chocolate.. Social media is a great thing that can bring many positives into a person’s life. ... A newsletter a day keeps the FOMO at bay. In it, I describe the most life-shaping, certainly the most difficult, and certainly the most transformative journey of my 43 years on this planet. 19 However, several studies connect heavy social media use to mental health issues, and limiting this … FOMO: The Bane of Every Crypto Investor One of the major reasons why people end up with losses is the Fear Of Missing Out (FOMO). Anecdotal reports indicated that some on-line users were becoming addicted to the Internet in much the same way that others became addicted to drugs or alcohol, which resulted in academic, social, and occupational impairment. Just enter your email and we'll take care of the rest: Subscribe. For instance, a qualitative study among adolescents with depression revealed that young people may use social media to cope with negativity. I’ve never shared it before. Please enter a valid email address. Adolescents are known as heavy social media users (e.g., Instagram, TikTok) to connect with friends and to feel better.
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