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As the cryptocurrency market hits new highs, many investors feel they’ve missed out on major digital asset gains, according to a new survey by Kraken.
On Dec. 4, crypto exchange Kraken <a data-ct-non-breakable="null" href="https://www.kraken.com/learn/crypto-fomo" rel="null" target="null" text="null" title="null">published</a> the results of its Kraken Crypto FOMO Survey 2024, focusing on the fear of missing out (FOMO) and fear, uncertainty and doubt (FUD) among crypto holders in the United States.&nbsp;
The survey polled 1,248 participants, exploring how emotions shape their investment decisions.
<h2 id="crypto-holders-feel-they-missed-out">Crypto holders feel they missed out</h2>
Many respondents feel they already lost out on potential gains. According to Kraken, 88% of the survey participants say they’ve missed major gains.&nbsp;
The survey respondents’ sentiments may be driven by the bull market rally led by Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>). On Dec. 5, BTC <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-hits-100-000-first-time-new-all-time-high" rel="null" target="null" text="null" title="null">reached the $100,000 price point</a> for the first time. Bitcoin has surged by 126% since January to reach the $100,000 milestone.
Apart from Bitcoin, altcoins also followed. Most notably, XRP (<a data-ct-non-breakable="null" href="https://cointelegraph.com/xrp-price-index" rel="null" target="null" text="null" title="null">XRP</a>) surpassed Solana (<a data-ct-non-breakable="null" href="https://cointelegraph.com/solana-price-index" rel="null" target="null" text="null" title="null">SOL</a>) and Tether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/tether-price-index" rel="null" target="null" text="null" title="null">USDT</a>) to become the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/xrp-price-surge-trump-win-sec-legal-battle" rel="null" target="null" text="null" title="null">third-largest crypto asset</a> by market capitalization.&nbsp;
Even though some survey participants feel like they missed out, a lot of the respondents may believe in the potential gains that can come out of their crypto investments. The survey results showed that about 84% are still looking forward to future opportunities in crypto investments.&nbsp;
<figure>
 <img alt="88% of crypto holders feel they missed out on major gains — Kraken survey" src="https://s3.cointelegraph.com/uploads/2024-12/0193969e-20db-79ea-91c1-e32e5e00be37" title="">
 <figcaption style="text-align: center;">
 What keeps crypto investors up at night? Source: Kraken
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</figure>
When asked about their greatest fears, 60% pointed to a sudden price surge as the most concerning missed opportunity.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-dominance-bounces-back-after-104-k-all-time-high" rel="null" target="null" text="null" title="null">Bitcoin dominance bounces back to 57% as BTC punches to $104K</a>
<h2 id="63-believe-emotions-negatively-affect-portfolio">63% believe emotions negatively affect portfolio</h2>
Meanwhile, 81% of the survey participants said they made investment decisions based on FUD, while 84% said they acted based on FOMO when there were price surges.&nbsp;
The survey also highlighted that 63% of holders acknowledged that emotional decisions had negatively affected their digital asset portfolio. According to Kraken, this underscores the real-world consequences of investing while relying on market sentiments.&nbsp;
While market sentiment helps decision-making, Kraken recommended using a more “methodical approach,” relying on technical analysis and planned crypto trading strategies.&nbsp;
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoins-100k-taxman-btc-commodity-china-vitalik-moo-deng-asia-express/" rel="null" target="null" text="null" title="null">Bitcoin’s $100K push wakes taxman, Vitalik visits real Moo Deng: Asia Express</a>

88% of crypto holders feel they missed out on major gains — Kraken survey

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Cointelegraph

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