In addition to FOMO is YOLO-- this may be the only time people new to either investing or speculation or both will get involved.
Traditional securities have too much overhead and red tape, while barriers to entry for cryptocurrencies are trivial in comparision.
For these new people, they may never get another chance to earn wealth-- or win big-- any other way.
Both FOMO and YOLO are subject to FUD, and how these new people handle the FUDsters will determine how big they win or lose out.
Posted Using LeoFinance Beta
What's YOLO?
Posted Using LeoFinance Beta
YOLO = You Only Live Once
That's a term more commonly associated with school-aged people doing new things (some of which turn out to be foolish). It can also have applicattion in terms of finance.
Posted Using LeoFinance Beta