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Showing posts with the label cryptomarket

What is JOMO in crypto trading?

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JOMO is that "I-was-right-about-the-market" joyful feeling after narrowly escaping a bad trade and potentially catastrophic losses. JOMO stands for the joy of missing out — particularly when a cryptocurrency trader refuses to follow the crowd. This is the opposite of FOMO, or fear of missing out, and it's the counterbalance to price rallies driven by hype and frenzy. What is JOMO in crypto trading? In crypto trading, JOMO stems from not following the herd, which is often wrong, and ultimately avoiding a potentially big loss. For example, the recurring bullish calls in the Bitcoin market during the 2020-2021 bull run likely prompted many people to buy at the top in expectation of more upside.  Many market commentators, including analysts at Standard Chartered and JPMorgan & Chase, predicted in 2021 that BTC price would reach $100,000 by the end of the year. The widely-tracked Stock-to-Flow (S2F) model further boosted the bullish argument, given its accuracy through m...

Market makers in the crypto industry: party planners or bartenders?

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In the crypto economy "party", market makers are the dancefloor, the logistics team, the bartenders and all the bars that traders and participants can attend. What is a market maker, and how do they differ in the crypto and traditional finance markets? At the European Blockchain Conference in Barcelona, Cointelegraph discussed the topic with key market makers in the crypto industry on one of the conference’s first panels. Cointelegraph reporter Joseph Hall drew up the analogy that crypto market makers are much like cool bartenders at a very high-tech and unashamedly nerdy cocktail party. Their job is to keep the drinks flowing, i.e., provide liquidity and ensure everyone's having a good time while maintaining order in the market. Cointelegraph's @JoeNakamoto hosting the "Why Market Making is Key for a Crypto Market Recovery" panel at the European Blockchain Convention where he so eloquently described what a market maker is pic.twitter.com/3EoJnNXLyU — C...