FOMO

when

<div class="intro-text">
 A recent <a style="color: #0000ff;" href="https://www.kraken.com/learn/crypto-fomo" rel="noopener noreferrer nofollow">survey</a> of 1,248 cryptocurrency investors highlights the profound influence of emotions on investment decisions.
</div>
According to Kraken, 84% of respondents admitted to investing due to fear of missing out, while 81% were swayed by fear, uncertainty, and doubt. Kraken noted that the findings indicate a “significant majority of investors rely on emotional triggers rather than rational strategies when making trades.” The exchange further explained that these emotions often stem from misconceptions or a lack of confidence in the long-term prospects of specific cryptocurrencies.
The survey revealed that fear of missing out (FOMO) often drives investors to pursue price surges, with 60% identifying it as their primary concern. In contrast, only 17% expressed worry about missing price dips for potential buying opportunities.
According to Kraken, 63% of cryptocurrency investors admitted that emotional decision-making has significantly harmed their overall portfolio.
The report reveals that social media often blurs the line between market insights and emotional triggers for many investors, with 85% of those relying on these platforms reporting losses due to impulsive decisions. Demographic insights highlight that older investors (aged 45-60) often feel they missed out on crypto’s early gains, with 78% expressing regret over lost opportunities. However, 74% remain optimistic about future market growth.
Gender differences emerged, with male respondents more prone to FOMO-driven decisions and regret than females. While 70% of men felt they missed significant gains, only 48% of women shared this sentiment. Despite these setbacks, Kraken reports that 68% of participants remain optimistic about crypto’s long-term growth.
Meanwhile, Kraken has <a style="color: #0000ff;" href="https://defi-planet.com/2024/11/kraken-launches-broker-service-in-australia/" rel="noopener noreferrer nofollow">expanded</a> its crypto services for Australian wholesale clients, offering access to cryptocurrency derivatives without directly holding the assets. The new service, launched under a registered financial services license, targets high-net-worth clients seeking advanced trading options. Jonathon Miller, Kraken’s general manager for Australia, stated that the product addresses clients’ evolving trading needs, enhancing their crypto journey.
&nbsp;
If you want to read more news articles like this, visit <a style="color: #0000ff;" href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a style="color: #0000ff;" href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and <a href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community.</a>
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Kraken Warns Crypto Investors still Swayed by FOMO and FUD

DeFi Planet

Other articles published on Dec 5, 2024

ARK Invest CEO Cathie Wood Talks About the New SEC Chair! What Did She Say? Here Are the Details

Bitcoin Surpasses $100K Following Key Developments

Best Cryptos to Invest in Today: Qubetics Hits 6200+ Holders, XRP Whales Buy the Dip After $4B Pr...

🚀 $HODL Relaunch Confirmed for December 10th: A New Era Begins!

Brazil’s Bitcoin ATMs Surge Fuels Crypto Adoption

Tron’s TVL Reaches New Record of $36.2 Billion

Join our free newsletter for daily crypto updates!