CEX Quiz Answers 26 March 2025
1. Why is it hard to beat FOBO?
– Because there is always another opportunity that looks better
2. What happens when traders compare themselves to others too much?
– They second-guess their decisions and make impulsive trades
3. What is the main symptom of FOBO?
– Constantly thinking you picked the wrong investment
4. How does FOBO affect traders?
– It makes them impatient and jump between investments
5. What is the difference between FOBO and FOMO?
– FOBO is the fear of making the wrong choice, while FOMO is the fear of missing out
6. What is the best opportunity according to the video?
– The one you don’t panic-sell
7. What is one way to beat FOBO?
– Stick to a plan and avoid overtrading.
8. What often happens when traders chase better opportunities
– They pay more fees and lose money over time
9. What is a recommended way to avoid overtrading
– Take breaks and stop staring at charts all day
10. What does FOBO stand for?
– Fear of Better Opportunities
11. How can traders avoid making emotional decisions
– By setting alerts and following a strategy
12. What is the final advice given in the video
– Play the long game and be patient
13. What’s a risk of buying NFTs mentioned in the video
– The market’s volatile, and scams like fake projects are common
14. What can an NFT represent
– Art, music, a tweet, or a virtual sneaker
15. What does NFT stand for
– Non-Fungible Token
16. How is an NFT different from Bitcoin
– An NFT is totally unique, while Bitcoin is interchangeable
17. What does buying an NFT give you
– A digital certificate that says, ‘This is mine!’
18. What technology do NFTs use to prove ownership
– Smart contracts
19. What can people do with an NFT even if they don’t own it
– Screenshot it
20. What is an NFT, in simple terms
– A unique digital asset on the blockchain.
21. What’s a risk of buying NFTs mentioned in the video?
– The market’s volatile, and scams like fake projects are common.
22. How much did Beeple’s NFT artwork sell for?
– $69 million.
23. Where do NFTs typically live?
– On blockchains like Ethereum.
24. Why do some people pay millions for NFTs
– For status, exclusivity, and potential value increase.
25. What should you avoid spending your life savings on
– A virtual pet rock.
Open CEX IO Bot: https://t.me/cexio_tap_bot?start=1726737471260929
#CEXQuiz #CEXIOQuiz
1. Why is it hard to beat FOBO?
– Because there is always another opportunity that looks better
2. What happens when traders compare themselves to others too much?
– They second-guess their decisions and make impulsive trades
3. What is the main symptom of FOBO?
– Constantly thinking you picked the wrong investment
4. How does FOBO affect traders?
– It makes them impatient and jump between investments
5. What is the difference between FOBO and FOMO?
– FOBO is the fear of making the wrong choice, while FOMO is the fear of missing out
6. What is the best opportunity according to the video?
– The one you don’t panic-sell
7. What is one way to beat FOBO?
– Stick to a plan and avoid overtrading.
8. What often happens when traders chase better opportunities
– They pay more fees and lose money over time
9. What is a recommended way to avoid overtrading
– Take breaks and stop staring at charts all day
10. What does FOBO stand for?
– Fear of Better Opportunities
11. How can traders avoid making emotional decisions
– By setting alerts and following a strategy
12. What is the final advice given in the video
– Play the long game and be patient
13. What’s a risk of buying NFTs mentioned in the video
– The market’s volatile, and scams like fake projects are common
14. What can an NFT represent
– Art, music, a tweet, or a virtual sneaker
15. What does NFT stand for
– Non-Fungible Token
16. How is an NFT different from Bitcoin
– An NFT is totally unique, while Bitcoin is interchangeable
17. What does buying an NFT give you
– A digital certificate that says, ‘This is mine!’
18. What technology do NFTs use to prove ownership
– Smart contracts
19. What can people do with an NFT even if they don’t own it
– Screenshot it
20. What is an NFT, in simple terms
– A unique digital asset on the blockchain.
21. What’s a risk of buying NFTs mentioned in the video?
– The market’s volatile, and scams like fake projects are common.
22. How much did Beeple’s NFT artwork sell for?
– $69 million.
23. Where do NFTs typically live?
– On blockchains like Ethereum.
24. Why do some people pay millions for NFTs
– For status, exclusivity, and potential value increase.
25. What should you avoid spending your life savings on
– A virtual pet rock.
Open CEX IO Bot: https://t.me/cexio_tap_bot?start=1726737471260929
#CEXQuiz #CEXIOQuiz
🤩 Farm CEXP tokens and earn rewards! CEX.IO App makes it simple and secure to buy, exchange, and store cryptocurrencies
