Did you know? At this time, the Millennial generation is the generation that dominates crypto asset investors.

Based on the demographic report of investors in Indonesia by the Ministry of Trade, from a total of 14.1 million investors as of May 2022, young investors dominate!

The report also explains that the demographic of crypto investors is dominated by 32% of the 18-24 age group. For ages 25-30, there are as many as 30%. Meanwhile, the age of 31-35 is only 16%.

The millennial generation’s interest in crypto assets can be due to the ease of transactions and 24-hour market activity. So it doesn’t take a specific time for transactions.

However, the millennial generation must still be careful! Several things can affect you as an investor. One of them is FOMO or fear of missing out. The crypto community often uses this term. FOMO occurs when someone acts on their emotions, either out of fear of losing profits or of their account balance shrinking equity. Usually, positions that are moved due to FOMO move the market in the opposite direction.

From FOMO, you can become a PANIC BUYING, you know! Because you don’t want to be left behind, you become an impulsive investor.

Panic Buying itself is an action when investors are affected by situations when the price of crypto assets rises drastically in a short time. This is indeed unpredictable because panic buying usually happens all over the world. More traders will be affected when the price increases drastically and buy the crypto asset. So the cost of crypto assets rises to the point where traders are tired of buying, and they start taking profits by selling them at high prices.

In addition, you also don’t think about the risks when panic buying. This is very important for professional investors. So, as a trader, you should avoid panic buying!

Well, if you buy crypto assets based on FOMO, it means you are not thinking logically. While price movements seem logical, you’re missing another vital point and relying solely on uncertain expectations of prices going up or down. Some investors depend on luck, so they see FOMO as effective. However, following that, you don’t read the indicators or make you know what you want. The problem is, looking at one indicator will not be enough. It would help if you continuously researched before deciding whether to buy or sell so that you don’t regret your actions later.

Indeed, no one wants to miss the up-to-date things. However, you still have to be careful and avoid things that can make you lose. One way to prevent panic buying is to find the correct information.

At Indodax Academy, there is a lot of knowledge that you can access for free about trading, crypto assets, and how to analyze them. There is also the latest news so that you are more up-to-date! So keep following Indodax Academy and visit the Indodax.academy website!