Market Sentiment - Industry anticipates a "Fear Of Missing Out (FOMO)" season [1] - Expects daily gains of 20-25% to become common [1] - Suggests the primary risk is premature selling [1]

Core Insights - The article emphasizes the importance of conducting personal in-depth research and due diligence before making investment decisions, highlighting the inherent risks involved in trading [3]. Company and Industry Analysis - The analysis is intended solely for informational purposes and does not constitute professional investment advice, indicating a focus on providing insights rather than direct recommendations [3][4]. - There is a clear distinction made between the opinions expressed in the article and those of Seeking Alpha as a whole, suggesting that the views may not represent the platform's official stance [4].

Marketing Campaign - Bitget is launching "FOMO Thursdays: Week 8" starting August 6, 21:00 (UTC+8) [1] - The campaign includes a special edition celebrating "10 Years of ETH" [1] - Participants can engage in staking $10 for one entry or trading altcoins on Altcoin List for two extra entries [1] Giveaways and Prizes - A total of 3 ETH giveaways are available through different participation methods [1] - Top prize is 1 ETH [1] - Lucky prize offers 0.003 ETH to 4,000 winners [1] - An X (formerly Twitter) giveaway offers 0.003 ETH to 20 winners [1] Social Media Engagement - Participants can enter the X giveaway by retweeting the post, commenting with FOMOThursdays, ETH10Years, and their Bitget Wallet EVM address [1]

Behavioral Finance & Investment Biases - The speaker argues that people are inherently lazy and greedy, leading to a desire for instant gratification, which negatively impacts investment decisions [1][3] - The financial industry is affected by people's sentiments and behaviors, which are formed by habits [6] - Speculation is increasing among all generations due to impatience and the need for instant gratification, with a large percentage of exchange volumes being futures and options [5] - Good investment habits include regular saving, investing, and sticking to a financial plan with disciplined asset allocation [6][7] - Bad investment habits include buying based on tips, following social media influencers blindly, and deviating from a financial plan due to short-term gains [8] Investment Risks & Cognitive Biases - Greed, exemplified by over-allocation to small-cap stocks, can lead to excessive risk-taking and significant losses [9][10] - Fear of missing out (FOMO) drives people to invest in already high-priced assets, reducing the risk-to-reward ratio [10][12] - Overconfidence, fueled by market rallies, can lead to abandoning studies or jobs for speculative trading, which is a dangerous trend [13][14] - Availability bias can lead to making decisions based on recent, frequent, and extreme information, rather than a comprehensive view [17][18] - Confirmation bias leads investors to seek out opinions and information that confirm their existing beliefs, ignoring contradictory information [19][20][21] - Herd mentality can lead to scams and inflated prices, making it crucial to be a contrarian investor [23][24] - Anchoring bias, where investors fixate on their purchase price, can prevent them from selling losing investments and missing out on better opportunities [26][27] - Endowment bias, where people overvalue what they own, can hinder rational decision-making about assets [28][30] Overcoming Biases & Improving Investment Decisions - Understanding and overcoming biases is crucial for making better decisions and becoming a successful investor [15][16] - The speaker advises to control urges, delay instant gratification, and be aware of personal biases [31]

Social Media's Impact - Social media is engineered for addiction, functioning like a slot machine with unpredictable dopamine spikes [9] - Algorithms personalize content, keeping users engaged longer to increase ad revenue for companies [10] - Excessive digital consumption erodes attention, energy, and emotions [12] - Social media addiction mirrors drug addiction, rewiring brain reward pathways [15] - The average person checks their phone 59 times a day, highlighting the pervasive nature of digital engagement [8] - Individuals consume 74 gigabytes of information daily, equivalent to a vast amount of media [11] The Need for Digital Safety Labels - Social media lacks safety labels, unlike pharmaceuticals which undergo rigorous testing and monitoring [16][17] - Digital safety labels could include content cautions, risk warnings (sleep disruption, cognitive overload, mental strain), and age restrictions [18] - The industry should consider implementing digital safety labels to protect users' minds, similar to labels on cigarettes, alcohol, and sugary products [17][18] Actions and Solutions - Legal and policy leaders are demanding tobacco-style warning labels on social media due to mental health harm and addictive risks [20] - Countries like Australia are banning social media for children under 16, with France and Norway considering similar age bands [21] - Individuals can practice mindful tech use by pausing, being aware, understanding design, setting boundaries, and embracing real connection (PAUSE) [23][24][25][26]

Feeling of fomo right now is going to be very real.Do your best to block out the noise and focus.9/10 ppl on here screaming at you about not being bullish enough are literally retarded.Many of them were bears at the stone bottom and will be raging bulls well past the top.They are acting like this is your only opportunity to be bullish, meanwhile BTC has done almost a 10x in the last 2.5 years and is over $120k with countless alts having ripped multiples.Ppl post in a way that makes you feel like you are run ...