Are you a FOMO person?
According to the 2020 BPS population census results, Gen Z is a generational group that dominates Indonesia’s population. This group will later form market share in various segments, both consumptive and productive. Read more here!
Many say that the Gen Z lifestyle is wasteful. Some factors make Gen Z more extravagant and make it difficult to save or invest. One of them is internet access.
They can easily access information and open e-commerce and social media. This can affect a person so that, over time, they become FOMO.
FOMO stands for fear of missing out. When someone experiences FOMO, they will feel anxious, don’t want to miss the trend, and fear missing out on the moment. This can be considered an anxiety disorder, you know!
Usually, FOMO is caused by the use of social media. For example, Instagram, this social media is used by almost everyone in the world, where users can upload videos or photos of their activities.
The number of users who use this feature triggers people who see it to have feelings of anxiety because they compare themselves with other people’s lives which look more fun.
It turns out that Gen Z, who experience FOMO, tend to have a lower level of life satisfaction, you know! Because he keeps comparing his life with other people.
When someone experiences FOMO while trading crypto assets, they will feel afraid of being left behind by the huge opportunities in the currently trending crypto market. This makes a person rush into making decisions without research or analysis first, and this activity affects the movement of crypto assets in the market.
Therefore, investing in crypto assets should not be a part of it; you must have financial planning and manage investments personally.
Just imagine the impact on you and other traders if you join FOMO when buying and selling crypto assets! Because you choose crypto assets, you find it difficult to save or even go into debt.