### CZ on FOMO#

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Overview

Binance founder Changpeng Zhao recently addressed the "FOMO" phenomenon on social media, suggesting that everyone experiences the fear of missing out, but the key is to act responsibly. While he didn't explicitly mention how FOMO manifests in the cryptocurrency market, his comments hinted at the pervasive nature of this psychology within the market, reminding investors to remain rational and avoid being swayed by emotions when investing.

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Analysis

Binance founder Changpeng Zhao recently discussed the "fear of missing out" (FOMO) phenomenon on social media. He believes everyone experiences this psychology, but the key is to act responsibly. He didn't specify what "acting responsibly" entails, but it's likely he's referring to making rational investment decisions, not being swayed by market sentiment, and avoiding blindly following the crowd to prevent unnecessary losses. Zhao's remarks reflect how prevalent FOMO is in the cryptocurrency market, highlighting the need for investors to remain calm and avoid emotional decision-making to make wise investment choices.

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Classic Views

Everyone will have FOMO (fear of missing out) psychology

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As long as you invest responsibly, FOMO is not a bad thing

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FOMO is a common psychological phenomenon that needs to be viewed rationally

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In investment, it is important to avoid impulsiveness and maintain calmness and rationality

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