The cryptocurrency exchange Kraken
1.63 billion dollars
recently published the 2024 Crypto FOMO Survey resultswhich examines the emotions driving cryptocurrency holders in the US.
The survey, with 1,248 participants, explores the role of fear—fear of missing out (FOMO) and fear, uncertainty and doubt (FUD)—to influence your cryptocurrency investment decisions.
One of the most important findings is that 88% of the respondents they feel they lost crucial achievements. This feeling of regret is likely due to the explosive growth of Bitcoin.
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btc
$101,653.38
hit an all-time high of $100,000 for the first time, up 126% since the beginning of the year. This rally has left many feeling like they have missed an opportunity to profit.
Emotions have had a clear impact on decision making. Kraken found that 63% of those surveyed acknowledged that The emotional responses had negatively impacted their investments.highlighting how relying too much on market sentiment can lead to costly mistakes.
When asked about their biggest fears, 81% admitted that they had made investment decisions based on FUD. At the same time, 84% they said they had acted out of FOMO during price increases.
Besides, 60% of the participants pointed out the possibility of missing a sudden price increase as your main concern.
While the volatility of the cryptocurrency market is driving investor fears in making decisions, Bitcoin’s recent rise above $100,000 has sparked excitement. How did Bitcoin holders react to this great milestone? Read the full story.
Having completed a master’s degree in Economics, Politics and Cultures of the East Asian region, Aaron has written scientific articles analyzing the differences between Western and collective forms of capitalism in the post-World War II era.
With almost a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that cryptocurrency enthusiasts face. He is a passionate analyst who cares about data- and fact-based content, as well as that which speaks to both Web3 natives and newcomers to the industry.
Aaron is the go-to person for all things digital currencies. With a strong passion for blockchain and Web3 education, Aaron strives to transform the space as we know it and make it more accessible to beginners.
Aaron has been quoted by several established media outlets and is a published author himself. Even during his free time, he likes to research market trends and look for the next supernova.
