JOMO

What Is JOMO?

The complete opposite of the fear of missing out (FOMO) is the joy of missing out (JOMO) (FOMO.) No-coiners frequently use it to express their happiness at not being invested in cryptocurrencies, especially when prices are falling or a scam ICO is exposed. 

The value of crypto assets, notably Bitcoin, is extremely volatile. This indicates that investors who have avoided investing in Bitcoin and other cryptocurrencies are likely to experience JOMO when prices fall. 

JOMO refers to a trader who is content not to participate in a current bitcoin trend or engage in panicked selling. Those who were not exposed to Bitcoin or sold it before the price collapsed are more likely to have suffered JOMO. 

Similarly, investors who held on to BTC following its rapid price collapse in 2018 are likely to have experienced JOMO. Hodlers are people who keep cryptocurrencies rather than sell them. The greatest source of JOMO is prone to be affected when ICOs are shown to be fraudulent, reinforcing the perception that crypto assets are hazardous.