Joy Of Missing Out (JOMO)

JOMO is an acronym for “joy of missing out“.

It’s a slang term that’s the opposite of the ever-popular FOMO,

JOMO describes the happiness felt by traders and investors for NOT investing in a cryptocurrency or project whose value has dropped dramatically from previously higher levels.

JOMO describes “dodging a bullet” and not contributing to another bag of worthless sh*tcoins.

Imagine hearing about the next meme coin, GermShep4Life Coin, being backed by Lassy and Elon Musk, which is hitting Coinbase today at $10 per coin.

You just dropped your last $1200 on a pair of Balmain UnicornNeoprene-leather Multicolor Sneakers and have literally $0 in your wallet.

The Coinbase listing hits, and WHAM!, GermShepCoin immediately jumps to $25, you turn away from your phone, you start crying because you missed out, but as you’re grabbing a Kleenex to blow your nose, the price falls through the floor, resting at $0.15 only minutes after hitting an ATH of $32. Some whale just unloaded.

Your JOMO can’t be quantified right now!

Related Terms

All-Time High (ATH)

It’s the highest trading price a digital asset has ever reached. It’s a common practice to keep a currency’s ATH in mind when trading, as it can represent an important price level of interest to the market.

Coinbase

Started in 2012, Coinbase, the largest centralized cryptocurrency exchange (CEX) in the US, is based in San Francisco, California. Coinbase operates in 100 countries around the world, offering roughly 197 coins for trading, in 500+ different markets.

Fear Of Missing Out (FOMO)

an acronym for “Fear Of Missing Out”, describing an overwhelming emotion of anxiety felt by crypto investors and traders when they expect a digital asset’s value to increase.

Brian Armstrong

Brian Armstrong is the co-founder and CEO of Coinbase, the largest cryptocurrency exchange in the United States. Armstrong lead Coinbase to go public on the Nasdaq on April 13, 2021.

Buy The F*cking Dip (BTFD)

BTFD (or BTD if you’re not cool) is an acronym for “Buy the F*cking Dip!”. It refers to traders aggressively buying any asset after it’s dropped in price. This takes place when a currency has significantly dropped in price, with the rationale being that if you buy now, you’re getting in at a discount because the current lower price is only momentary, and the price will bounce back up, maybe to its ATH, resulting in instant gains.