NekilcDec 29, 2021 · 3 years ago5 answers How does FOMO affect the price of Bitcoin and other digital currencies?
Can you explain how the Fear of Missing Out (FOMO) phenomenon impacts the price of Bitcoin and other digital currencies? How does the fear of missing out on potential gains influence the demand and supply dynamics in the cryptocurrency market? Are there any specific factors or events that trigger FOMO buying and selling? How does this behavior affect the overall price volatility and market sentiment?