JOMO stands for “Joy of Missing Out,” the opposite of FOMO (Fear of Missing Out). JOMO refers to the feeling of happiness or satisfaction that someone experiences when they choose not to participate in a particular investment trend, especially when the price of a crypto asset skyrockets.
Instead of getting caught up in the hype and risking your money, people with JOMO are content to stick to safer investment plans that match their financial goals. They’re okay with missing out on short-term spikes in favor of long-term stability.
The bandwagon effect refers to the tendency for people to follow trends, attitudes, or actions of others simply becau...