Interested in Cryptocurrency?
Me either. But I bought some solely because I have a propensity for FOMO and I’ll do whatever it takes to avoid any sort of negative emotions, even at the risk of literal monetary loss. Propensity for FOMO (POF) might just find a way into a behavioral economics class if there are other psychos out there like me. But deep down its probably just a way for me to cure that gambling itch until football season.
Anyways, if you haven’t bought in yet I have the perfect way to get a taste of the highs and lows of the crypto experience while keeping your funds in a traditional currency.
First, commit to being somewhere (driving distance from your house) at 6pm on a Thursday or Friday night. Could be a hot date, but more realistically you’ll do something like pre-purchase a single, nonrefundable ticket to the 6pm showing of Fast and Furious 9 at your local movie theater.
At around 4:45pm, start checking uber fares to (let’s face it) the movie theater. Refresh the fare for the next hour or so, and torment yourself as the price fluctuates. Should you commit at the current price and get there early? Should you wait for a possible drop and risk missing the opening credits? You begin to postulate, then second guess yourself about outside influences causing the shifts in pricing until you inevitably make the wrong decision.
That exact same anxiety is ever so present with crypto, except it's more long term and confusing.