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Glossary entry · Trade-offs

FOMO

Definition

Fear of missing out. The emotional pull to buy something that's already gone up a lot, because everyone else seems to be getting rich from it. Cousin of panic selling — same emotional system, opposite direction. Almost always drives investors to buy at peaks, just before the regret begins.

Example

Buying Bitcoin at $60,000 in late 2021 — after a year of "to the moon" headlines — was a textbook FOMO trade.