The Psychology of FOLO in Cryptocurrency Trading: Understanding and Overcoming Fear
1. Defining FOLO in the Cryptocurrency Context FOLO, or Fear of Losing Out, represents a powerful psychological force in cryptocurrency trading, distinct from the more commonly discussed FOMO. Unlike FOMO, which drives impulsive buying during price surges, FOLO grips traders during downturns, compelling them to sell assets prematurely out of dread that losses will worsen. This fear stems from the unique dynamics of crypto markets, where prices can plummet rapidly due to 24/7 trading and high vol