It is the acronym for Fear Of Missing Out. It is a social anxiety characterized by the fear of missing out on an event. In the cryptocurrency world, it refers to the fear of missing out on a purchase at a good price to make a large profit.
This fear can be found on a daily basis when monitoring social networks, private sales or during sales for example. Investors should be wary of this feeling, as it can be used by marketing professionals to encourage purchases.
