According to a survey conducted by Kraken with 1,248 crypto investors, 84% of participants stated that they invested under the influence of “fear of missing out” (FOMO), while 81% stated that they made the decision due to “fear, uncertainty and doubt” (FUD).

Kraken states that these results reveal that the majority of investors act based on emotional reactions rather than rational strategies. The company emphasizes that such sentiments often arise from a misunderstanding of the potential of cryptocurrencies or distrust of their future performance.

The majority of investors surveyed agree that FOMO has a significant impact on tracking price movements. 60% of respondents said the fear of missing out on potential gains was the primary driver of their investments.

In contrast, only 17% said they were worried about missing out on price drops. These results suggest that investors generally invest in response to rising prices, but do not tend to consider price declines as an opportunity.

Kraken states that FOMO leads investors to chase price increases, which often results in risky and reckless investments. The company states that such decisions hinder long-term strategic thinking by focusing on short-term market movements.

Social media stands out as an important factor influencing the decisions of crypto investors. According to the survey, 85% of participants who received information from social media sources stated that they experienced financial losses due to impulsive decisions. Kraken states that this finding blurs the boundary between social media market analysis and emotional reactions.

This suggests that investors are more susceptible to emotional reactions by receiving market information from unverified sources. In particular, platforms such as Twitter, Reddit and Telegram can be full of information that causes investors to be under the influence of FOMO or FUD.

According to the survey, demographic factors such as age and gender also play an important role in investors’ decision-making processes. Especially investors between the ages of 45-60 think they missed the early gains of the crypto market.

While 78% of respondents in this age group believe they missed out on significant gains, 74% remain confident that the market will continue to grow in the future.

On a gender basis, it was revealed that male investors acted more under the influence of FOMO and experienced more regret than women.

While 70% of men thought they missed out on big gains, this rate was 48% for women. This shows that male investors adopt a more aggressive and risk-oriented investment strategy.

Despite the emotional triggers and losses experienced, most investors remain hopeful about the long-term growth potential of cryptocurrencies. 68% of respondents expressed their belief that the crypto market will grow in the long term.

Kraken states that this shows that investors continue to have confidence in the sector despite short-term disappointments.

Emotional decisions in the crypto market can lead to significant fluctuations. In particular, the FOMO effect supports price increases, while FUD generally increases selling pressure. These dynamics increase the volatility of the market, bringing both risks and opportunities.

Kraken’s survey is seen as an important tool in understanding the financial impact such emotional decisions have on individual investors and their repercussions on overall market movements.

These findings emphasize the importance of investors making more rational and strategic decisions without getting carried away by emotional triggers.

Understanding market dynamics, acting with verified information, and minimizing social media influence stand out as critical elements for a successful crypto investment strategy. Kraken states that such conscious approaches can create a healthier and more sustainable investment environment in the crypto market.