The term JOMO refers to the opposite of FOMO, which was widely used aftevr 2012. JOMO is when a person enjoys a missed opportunity in any situation. In such cases, instead of being upset about what they missed, they are happy and delighted to have missed it. With JOMO, the person or people who move away from social media and the digital world also move away from the negative effects that these platforms bring with them. Thus, they are less affected by all positive and negative factors.
JOMO is also a way of life for many people today. People take this as an opportunity because of the positive impact of being away and missing out. People who start to integrate this situation into every aspect of their lives also get rid of intense stress and pressure. Taking action to stay away from cell phones, social media, and the intense communication of daily life is the first step of JOMO.
What Does JOMO Mean in Crypto World?
JOMO is a term that can be used in all fields of life. Although it is mostly used in the crypto world and social media, people can change the concept of JOMO to suit themselves.
In the crypto world, JOMO is used by investors. Once an investor embraces the idea of JOMO, they start to enjoy the things they've been missing out on.
What Are the Main Features of JOMO in Crypto World?
As the use of JOMO has become more widespread, the general outlines and main features of the concept have been identified. The main features of using JOMO in the crypto world are the following:
- Stability
- Low stress
- Self-confidence
- Risk control
- Different perspectives
Stability
An investor who adopts JOMO is not affected at all by sudden price changes, fluctuations, or rises in the market. For this reason, investors who act with JOMO take a decisive stance against the volatility of the crypto world.
Low Stress
The investor or investors who act with JOMO do not have to closely follow the immediate movements and changes in the market. If the investor wishes, he or she may not follow these changes at all. This makes it less stressful for investors.
Self-confidence
JOMO adopters determine their own possible investment decisions and strategies. This gives JOMO investors self-confidence.
Risk Control
An investor with JOMO can take less risk in situations where he/she avoids investing. This can lead to a healthier risk control in the investor's portfolio.
Different Perspectives
Investors with JOMO can analyze markets from different angles. Thanks to JOMO, these investors are able to make different decisions and create changes.
With these features, JOMO stands out as a style that benefits some investors from time to time and others always in line with their preferences.
What Other Concepts Are Similar to JOMO?
There are other jargons similar to JOMO. FOMO and YOLO are other prominent ones. FOMO is a concept that became widespread in 2012. FOMO, which stands for "Fear of missing out", is basically the opposite of JOMO. Defined as the fear or anxiety of missing out on something or an opportunity, FOMO is frequently used by investors in the crypto world and financial markets.
The mindset adopted by YOLO investors can be summarized as "you only live once". Investors who adopt this way of thinking can take more risks. At the same time, these investors, who can also make more sudden decisions, can make investment decisions with the YOLO philosophy.
