What is FOMO and why is it so important to understand? - Crypto in Plain English - Episode 242 - by cryptohunt.it

What is FOMO and why is it so important to understand? - Crypto in Plain English - Episode 242 - by cryptohunt.it

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder of Cryptohunt.it and I am your host of this daily show.

FOMO - short for “Fear of missing out” is one of the most important terms to understand crypto markets.

In the context of blockchain investments it refers to people looking at others making money, and fearing that they’ll miss out if they don’t put money in now.

And that’s understandable: It’s one of humanity’s most basic emotions. The neighbor suddenly drives a Lamborghini, so clearly you can make it too, right?

Arguably, FOMO has impacted crypto markets more than anything. Absent of solid fundamentals, meaning large real world use cases and mature technologies, crypto has remained mostly an asset for speculators. And speculators benefit most, if everyone gets in on something.

So next time your 60 year old aunt is talking about Bitcoin, ask yourself: Is it maybe time to get out because FOMO has already gotten to everyone?

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Jaksot(373)

The Pros and Cons of “Proof of work” and “Proof of Stake” - Crypto in Plain English – Episode 21 - by cryptohunt.it

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Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today we talk about the pros and cons of ““Proof of work” and “Proof of Stake” There are a few things...

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What is “Proof Of Stake”? - Crypto in Plain English – Episode 20 - by cryptohunt.it

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Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Last time, we explained how time-consuming puzzles are one way to solve the problem of cheating on th...

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What is “Proof Of Work”? - Crypto in Plain English – Episode 19 - by cryptohunt.it

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Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today we explain how “Proof of Work” works. First, remember that cryptocurrencies validate transactio...

22 Loka 20211min

How crypto wallets work and which one is best for you - Crypto in Plain English – Episode 18 - by cryptohunt.it

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Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today: How crypto wallets work and which one is best for you. Although they are called wallets, crypt...

21 Loka 20211min

The dark (climate) side of crypto - Crypto in Plain English – Episode 17 - by cryptohunt.it

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Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today: Crypto’s impact on climate change. Blockchain technologies – to the enthusiasts, they promise ...

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How to create your own Web 3 product - Crypto in Plain English – Episode 16 - by cryptohunt.it

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Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today: Together, we are creating our own fictional Web 3 product An example teaches more than a thous...

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What is the web 3 movement about? - Crypto in Plain English – Episode 15 - by cryptohunt.it

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Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today: We explain why everyone is excited about Web 3 To understand Web 3, let’s first talk about wha...

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Why everyone has their own token - Crypto in Plain English – Episode 14 - by cryptohunt.it

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