Joy of missing out (JOMO) is the opposite of having a fear of missing out (FOMO.)
For example, the price of BTC plummeted from $20,089 in December 2017 to just above $3,000 by December 2018… a decline of 80%.
In this case, those who did not have exposure to Bitcoin — or sold it before the price fell — are likely to have experienced some degree of JOMO.
Similarly, those investors who held on to BTC after 2018’s dramatic price decline are also likely to have felt JOMO.
The biggest source of JOMO is likely to be felt when ICOs turn out to be fake, reinforcing the view that cryptoassets are risky.
Join the thousands already learning crypto!