Difference between revisions of "FOMO"

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Fear Of Missing Out (FOMO) is a compulsive state, fear of missing something significant, profitable and interesting.
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== Manifestations of FOMO ==
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Number of studies shows that approximately 50% of today's people are affected by the syndrome, and mostly men.FOMO is manifested through an overwhelming desire to do or not to do a certain action.
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" Actions of FOMO" can be: regular checking of social networks, messengers, asset analysis and valuation services (http://coinmarcetcap.com, https://minter.interchain.zone), as well as anxiety and stress if it is not possible to make a habitual action.
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== Danger for the investor ==
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The main danger for an investor exposed by FOMO is to follow his emotions: fear, greed and hope in order to serve the tactics and strategy. Emotional, short-term solution, which is not based on a balanced analytical approach, can lead to losses, depression and disappointment in yourself as an investor and in the market in general.
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In the situation with cryptocurrencies as a speculative asset, the syndrome is manifested and intensified due to high market volatility.
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The investor captured by FOMO may experience:
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# The pain because there is no asset or few assets in the portfolio that has started to grow rapidly
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# The desire to win back past failures and wrong analysis of market situation game theory (player error)
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# Feelings of discomfort when its assets do not change in value, or depreciate due to dumping
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# By the belief that the market situation will be strictly in line with his expectations and predictions
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# The desire to "beat the market"
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# Difficulties to restructure and adapt to the market situation if the prognosis or analysis on which the investor relied on turned out to be wrong.
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[[File: Prevention for personal finances.jpg]]
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Blockchain and cryptocurrency technologies take us to a new level of interaction with money.
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Low commissions, freedom and privacy are complemented by the need to understand the principles of work, security of responsibility for keys and passwords (seed) and attentiveness to their money.
 +
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Studying the basics of analysis and analytics, trading psychology, risk and capital management, help to be more reasonable and objective in your actions and choices.
 +
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Depending on the goals, aims and [[the role in the Minter network]], everyone can choose the most appropriate system of personal financial planning.
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Calm choice of a certain strategy and own method of decision making, skills that contribute to FOMO prevention.
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== Prophylactic for companies ==
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Risks and responsibilities in managing entrusted capital are immeasurably greater than for those who manage their own finances.
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Funds-investment and asset management companies are now looking for new ways to measure, manage and mitigate risks from emotional decisions.
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The [[Minter]] platform and the [[DeCenter] project make the developments in the field of the new company structure [[DAO]] active contribution by creating internet money and capital management free of FOMO.
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== Examples of analysis and strategy building ==
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An example and method of strategy and analysis, the project [[Evgeny Gordeev |Evgeny Gordeev ]] - [[Penthouse]].
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Today, on the web [[Minter]], one can observe the analytical project 10BIP inspired by the ideas and experience of the Penthouse project.
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[[File: The Penthouse Experiment.jpg]]
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[[File: Experiment 10BIP.jpg]]
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== See also ==
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* [[10 BIP]]
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== References ==
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* [https://en.wikipedia.org/wiki/Fear_of_missing_out Wikipedia, FOMO]
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[[Category: Terms]]
 
[[Category: Terms]]
{{Template:RuPage}}
 

Revision as of 21:33, 11 October 2019

Fear Of Missing Out (FOMO) is a compulsive state, fear of missing something significant, profitable and interesting.

Manifestations of FOMO

Number of studies shows that approximately 50% of today's people are affected by the syndrome, and mostly men.FOMO is manifested through an overwhelming desire to do or not to do a certain action. " Actions of FOMO" can be: regular checking of social networks, messengers, asset analysis and valuation services (http://coinmarcetcap.com, https://minter.interchain.zone), as well as anxiety and stress if it is not possible to make a habitual action.

Danger for the investor

The main danger for an investor exposed by FOMO is to follow his emotions: fear, greed and hope in order to serve the tactics and strategy. Emotional, short-term solution, which is not based on a balanced analytical approach, can lead to losses, depression and disappointment in yourself as an investor and in the market in general. In the situation with cryptocurrencies as a speculative asset, the syndrome is manifested and intensified due to high market volatility.

The investor captured by FOMO may experience:

  1. The pain because there is no asset or few assets in the portfolio that has started to grow rapidly
  2. The desire to win back past failures and wrong analysis of market situation game theory (player error)
  3. Feelings of discomfort when its assets do not change in value, or depreciate due to dumping
  4. By the belief that the market situation will be strictly in line with his expectations and predictions
  5. The desire to "beat the market"
  6. Difficulties to restructure and adapt to the market situation if the prognosis or analysis on which the investor relied on turned out to be wrong.

File:Prevention for personal finances.jpg

Blockchain and cryptocurrency technologies take us to a new level of interaction with money. Low commissions, freedom and privacy are complemented by the need to understand the principles of work, security of responsibility for keys and passwords (seed) and attentiveness to their money.

Studying the basics of analysis and analytics, trading psychology, risk and capital management, help to be more reasonable and objective in your actions and choices.

Depending on the goals, aims and the role in the Minter network, everyone can choose the most appropriate system of personal financial planning.

Calm choice of a certain strategy and own method of decision making, skills that contribute to FOMO prevention.

Prophylactic for companies

Risks and responsibilities in managing entrusted capital are immeasurably greater than for those who manage their own finances. Funds-investment and asset management companies are now looking for new ways to measure, manage and mitigate risks from emotional decisions. The Minter platform and the [[DeCenter] project make the developments in the field of the new company structure DAO active contribution by creating internet money and capital management free of FOMO.

Examples of analysis and strategy building

An example and method of strategy and analysis, the project Evgeny Gordeev - Penthouse.

Today, on the web Minter, one can observe the analytical project 10BIP inspired by the ideas and experience of the Penthouse project.

File:The Penthouse Experiment.jpg File:Experiment 10BIP.jpg

See also

References