Fear of Missing Out (FOMO) refers to the anxiety investors feel about potentially missing profitable opportunities, which drives them to make irrational investment decisions. In cryptocurrency trading, FOMO typically manifests as investors blindly buying assets after prices have already significantly increased, hoping to share in the market's upward momentum.
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wallstreetbets
Wallstreetbets is a Reddit community founded in 2012, primarily composed of retail investors who share high-risk, leveraged trading strategies and opportunities, using distinctive jargon and meme culture, famous for their "YOLO" (You Only Live Once) trades. The community is often viewed as an anti-establishment financial subculture, with members referring to themselves as "apes" and hedge fund managers as "paper hands".
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