Do you often find yourself thinking that you have missed a good investment opportunity? Or maybe you rush to buy a hot new asset because everyone around you says it's a must-have? This feeling, known as FOMO, can have serious consequences for your finances. Therefore, inspired by WhiteBIT's new Halloween activity, I have prepared an interactive quiz to help you assess your FOMO tendencies and understand whether you should be more cautious in your investments.
1. You see that the price of a cryptocurrency is rising sharply. What do you do?
A) I buy immediately, I don't want to miss the opportunity (3)
B) I wait and watch the market to assess the trend (2)
C) I do nothing, I already have a plan (1)
2. Your friend says he has invested in a new popular cryptocurrency. What is your reaction?
A) I quickly look for information and buy the cryptocurrency (3)
B) I am interested in the details, but I do not make hasty decisions (2)
C) I don't care, I have my own strategy (1)
3. You wake up in the morning and see news about a sharp rise in the rate of a certain crypto. What do you do next?
A) Buy it as soon as possible (3)
B) Analyse the news and make a decision later (2)
C) I stick to my long-term plan (1)
4. How often do you check crypto rates during the day?
A) Every 30 minutes or more often (3)
B) Once or twice a day (2)
C) Once every few days or less (1)
5. You see that the price of your crypto has dropped by 20%. What will you do?
A) Panic and sell (3)
B) Wait and see what happens next (2)
C) Do nothing, it is part of the volatility (1)
Calculate your score:
5â7 points - FOMO is not for you. You have a clear plan and do not give in to emotions. For you, the crypto market is a strategy, not an emotional swing.
8â11 points - Medium FOMO. You are sometimes influenced by the market, but you know how to control your emotions. A little more discipline and you will be safe.
12â15 points - High level of FOMO. You often act under the influence of emotions and are afraid of losing an opportunity. It is worth focusing on a long-term strategy and not chasing instant success.
