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Crypto Investing - Why FUD and FOMO May Be Your Worst Enemy
When it comes to crypto, I'm sure a lot of you have seen the acronyms FUD (Fear, Uncertainty, Doubt) and FOMO (Fear of Missing Out) mentioned in a variety of articles. None of them is new though since they've also been used in the past when referring to any type of speculative stock investment for a long time. Only now with Crypto's growth and volatility in the news every day, both types of 'fear' have resurfaced stronger than ever.
As with any other type of investment, the key is researching and acquiring enough knowledge to understand the pros and cons of this relatively new asset class. But even more important, is the fact that no matter where you decide to invest your money, you need to be able to sleep well at night. Any investment that stresses you out and/or causes you sleepless nights is probably not good for you.
One thing is certain. No investment is 100% safe, and much less any investment in crypto assets. However, neither is any investment in fiat currencies subject to uncontrolled inflation, fluctuations in value, and government manipulation. Think of Decentralized Financing as a new way to complete transactions and a new asset class that it's still in its infancy and with a lot of room to grow. The same FUD and FOMO was common when the Internet came into our lives three decades ago.
During the Dot Com bubble, a lot of poorly run companies failed right away, and many other companies with solid leadership and fundamentals became the FAANGS that have now become part of our everyday lives. If I told you just 10-15 years ago that you would have to enter your credit card information on a website to book a flight, pay a medical bill or buy groceries , you would think I'm crazy. Today, you can't go about your life without doing it several times a day.
I hope you enjoy our conversation.
Want more?
Subscribe to The Edge eComm Digest and receive weekly news directly in your INBOX >
Check our other stuff out too:
- The Edge
- Medium
- MGR Agency Website
This episode is brought to you by MGR Agency. Scaling marketing for leading digital brands.
If you liked this episode, please share it with your friends. If you REALLY liked it, please leave us a positive review on your favorite podcast platform. Thank you for watching or listening!
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When it comes to crypto, I'm sure a lot of you have seen the acronyms FUD (Fear, Uncertainty, Doubt) and FOMO (Fear of Missing Out) mentioned in a variety of articles. None of them is new though since they've also been used in the past when referring to any type of speculative stock investment for a long time. Only now with Crypto's growth and volatility in the news every day, both types of 'fear' have resurfaced stronger than ever.
As with any other type of investment, the key is researching and acquiring enough knowledge to understand the pros and cons of this relatively new asset class. But even more important, is the fact that no matter where you decide to invest your money, you need to be able to sleep well at night. Any investment that stresses you out and/or causes you sleepless nights is probably not good for you.
One thing is certain. No investment is 100% safe, and much less any investment in crypto assets. However, neither is any investment in fiat currencies subject to uncontrolled inflation, fluctuations in value, and government manipulation. Think of Decentralized Financing as a new way to complete transactions and a new asset class that it's still in its infancy and with a lot of room to grow. The same FUD and FOMO was common when the Internet came into our lives three decades ago.
During the Dot Com bubble, a lot of poorly run companies failed right away, and many other companies with solid leadership and fundamentals became the FAANGS that have now become part of our everyday lives. If I told you just 10-15 years ago that you would have to enter your credit card information on a website to book a flight, pay a medical bill or buy groceries , you would think I'm crazy. Today, you can't go about your life without doing it several times a day.
I hope you enjoy our conversation.
Want more?
Subscribe to The Edge eComm Digest and receive weekly news directly in your INBOX >
Check our other stuff out too:
- The Edge
- Medium
- MGR Agency Website
This episode is brought to you by MGR Agency. Scaling marketing for leading digital brands.
If you liked this episode, please share it with your friends. If you REALLY liked it, please leave us a positive review on your favorite podcast platform. Thank you for watching or listening!