FOLE stands for Fear of Losing Everything! Imagine you are holding a good amount of bitcoins or satoshi’s and suddenly the price starts dropping. During this dip one thing that is certain is FEAR. So, if this fear makes you want to sell your holding as you fear that the price will crash down. It is then the case of FOLE! You can call it opposite of FOMO where fear greeds you into buying more and in FOLE fear makes you sell. The issue with FOLE is that, it can urge you to sell and bear a loss becasue if you would’ve helf the coin until the price went back up again, profit was certain.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs.
