Over 80% of crypto holders admit emotional triggers like FOMO and FUD drive their investment decisions, a survey reveals.

A new survey of 1,248 crypto holders shows the significant impact of emotional decision-making, with 84% admitting to making investments based on fear of missing out and 81% influenced by fear, uncertainty, and doubt, Kraken reveals.

The exchange says the results could suggest that a “large majority of investors are allowing emotional triggers to guide their trades rather than rational strategy,” adding further that these feelings “typically arise from misunderstandings or a lack of confidence in the future potential of a particular cryptocurrency.”

The findings suggest FOMO frequently leads investors to chase price surges, with 60% citing fear of missing out on potential profits as their primary concern. Comparatively, only 17% feared missing price dips for potential bargains.

“Interestingly, 63% of crypto holders acknowledged that emotional decisions have had a significant negative impact on their overall crypto portfolio.”

Kraken

For many investors, social media appears to blur the line between market insights and emotional triggers. Among those who rely on these sources, 85% report setbacks tied to impulsive decisions, the report reads.

Demographic insights reveal older investors (45-60 years) feel they missed out on crypto’s early gains but remain optimistic about future opportunities. Among this group, 78% strongly believe they missed significant profits, yet 74% expect further growth in the market.

Gender differences also surfaced, with male respondents more likely than females to make FOMO-driven decisions and experience regret. For example, 70% of male participants felt they missed out on major gains, compared to 48% of females. Despite setbacks, 68% of respondents remain confident in crypto’s long-term growth, suggesting optimism persists alongside regret, Kraken notes.