A survey conducted by Kraken revealed that over 80% of crypto holders make investment decisions driven by emotional triggers such as fear of missing out (FOMO) and fear, uncertainty, and doubt (FUD). The survey of 1,248 crypto holders found that 84% admitted to making investments based on FOMO and 81% were influenced by FUD. The findings suggest that a majority of investors are allowing emotions to guide their trades rather than rational strategy, which could arise from misunderstandings or lack of confidence in the future potential of cryptocurrencies. FOMO frequently leads investors to chase price surges, with 60% citing fear of missing out on potential profits as their primary concern. Social media plays a significant role in influencing impulsive decisions, with 85% of those who rely on these sources reporting setbacks. Demographic insights revealed that older investors feel they missed out on crypto's early gains but remain optimistic about future opportunities. Despite setbacks, 68% of respondents remain confident in the long-term growth of cryptocurrencies.
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