What is altcoin? What is FOMO? In our Crypto Guide you are quickly up to speed with all the definitions and terms in the cryptoworld.

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FOMO

‘Fear or Missing Out’ is a term used when mainly new investors start investing in crypto in the hype or only strike frequently during the peak. In December 2017 the price of bitcoin rose to a record high of $20.000,-. This was mainly due to the hype which caused in FOMO. Usually with the thought “because everyone is doing it and I want to get rich easily”. This goes against the rules of investing! Don’t be a sheep in the hurdle and inform yourself well. Understand how blockchain technology works and only invest in crypto if you believe in its long-term potential.

 


Source: coinmarketcap

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