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TagsCan you explain the meaning of popular crypto terminology like 'HODL' and 'FOMO'?
Stiles DahlgaardMar 22, 2022 · 3 years ago1 answersCould you please provide a detailed explanation of popular crypto terms such as 'HODL' and 'FOMO'? I'm new to the world of cryptocurrencies and would like to understand these terms better.
1 answers
- HODL and FOMO are terms commonly used in the crypto community. HODL, which is a misspelling of 'hold', encourages investors to hold onto their coins regardless of market fluctuations. FOMO, short for 'fear of missing out', describes the fear and anxiety investors experience when they see others making profits and worry about missing out on potential gains. These terms highlight the psychological factors that can influence investment decisions in the crypto market.Mar 22, 2022 · 3 years ago
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