### CZ on FOMO#

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Hot Topic Overview

Overview

Binance CEO Changpeng Zhao recently talked about the FOMO (fear of missing out) phenomenon on social media. He believes that everyone experiences FOMO, but the key is to do it responsibly. He did not specifically mention FOMO's manifestation in the cryptocurrency space, but his remarks hinted at the pervasiveness of FOMO in investment decisions and emphasized the importance of remaining rational and cautious when investing.

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Analysis

Changpeng Zhao, in his recent remarks, discussed the phenomenon of "FOMO," or the fear of missing out. He believes that everyone experiences this psychology, and the key is how to deal with it responsibly. He did not specify how to responsibly manage FOMO, but his remarks implied that one should remain rational when facing market fluctuations and investment opportunities, and not be swayed by emotions. This could mean conducting thorough research, developing a sound investment strategy, and managing one's risk tolerance. In short, Zhao's remarks remind people that rationality and prudence are crucial in the investment market, and one should not be driven by FOMO and make impulsive decisions.

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Classic Views

Everyone

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has

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FOMO

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(Fear

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Of

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Missing

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Out),

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As

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long

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as

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it

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is

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done

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responsibly,

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FOMO

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is

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not

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a

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bad

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thing,

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FOMO

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is

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part

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of

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human

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nature,

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there

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is

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no

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need

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to

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suppress

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it

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deliberately,

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In

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investment,

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rational

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decision-making

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is

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more

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important

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than

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blindly

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following

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FOMO

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