As the crypto community awaits the US SEC’s final decision on Spot Bitcoin ETF applications, which is set to be announced on January 10, the regulatory body has issued a cautionary report, warning investors against succumbing to FOMO in their investment decisions.
The report, which was published on January 6 in an X post by the SEC’s Office of Investor Education and Advocacy, sheds light on the negative consequences of succumbing to FOMO and offers advice on how to resist or overcome this emotional state.
Furthermore, the report provides guidance on mitigating investment risks and navigating market volatility.
“Say ‘NO GO to FOMO’ (fear of missing out). Just because others might buy a particular investment doesn’t mean it’s the right opportunity for you,” emphasized the SEC in the report.
Acknowledging that FOMO can be a challenging emotion to combat, the regulatory body urged investors to exercise willpower when making investment decisions.
“As you make investment decisions, keep this phrase in mind: ‘NO GO to FOMO,'” concluded the SEC.
