### CZ on FOMO#

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Overview

Binance founder Changpeng Zhao recently discussed the "fear of missing out" (FOMO) phenomenon on social media, suggesting everyone experiences it but the key is to act responsibly. While he didn't specify any particular event or situation, his remarks alluded to the pervasive FOMO mentality within the cryptocurrency market, reminding investors to stay rational and avoid being swayed by market sentiment when investing.

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Analysis

Binance founder Changpeng Zhao recently discussed the phenomenon of "FOMO," or "fear of missing out," on social media. He believes that everyone experiences this feeling, but the key is to act responsibly. This indicates that Zhao recognizes the widespread nature of "FOMO," but emphasizes the importance of rationality and prudence in investment decisions. He does not deny the existence of "FOMO" but rather views it as a common psychological factor, advising investors to stay calm in the face of it, not to be swayed by emotions, and to make rational investment decisions based on their own circumstances. This reflects Zhao's emphasis on the risks in the investment market and his responsible attitude towards investors. He hopes that investors can remain rational during the investment process, avoid blindly following the crowd, thereby reducing investment risks and achieving better investment returns.

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Classic Views

Everyone has FOMO (fear of missing out).

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As long as you invest responsibly, FOMO is not a bad thing.

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In investing, you should analyze rationally and avoid impulsive decisions.

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Responsible investment behavior can help investors make wise decisions under the influence of FOMO.

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