I think that FOMO isn't really a fear because FOMO means people are rushing to be involved on what is currently hot in the market. A true fear is when you are scared to do some things because you think it was too hard and it will cause you to fail, lose money or lose your life but some times we need to take risk to be able to grow as person and then we shouldn't be afraid if we fail as it was only part of the game or the process on improving our selves.
Taking risks is necessary because investments always come with risks and unexpected consequences. FOMO is one of the phenomena that often occur when novice investors are too confident and pressured by the continually rising trend. There is nothing to be feared about failing, but when FOMO happens, we also need to learn how to overcome it so as not to be trapped in a disadvantageous situation.
Analysing can't totally stop FOMO because what if your analysis is the same to what others are FOMOing that this brand x coin is does truly have a potential but that wasn't wrong. FOMO only becomes wrong if you just do it blindly.
Blind FOMO is a situation where someone makes a decision based on FOMO without conducting thorough research and thinking, resulting in a disadvantageous decision.
In the context of investment, blind FOMO can cause someone to buy an asset at a high price out of fear of missing the trend, even if it may be a false trend or an overvalued asset.
Moreover, FOMO is also influenced by psychological factors such as the desire to be part of a group, fear of disappointment, and the desire to maximize profits.
The pressure to keep up with the market trend and not miss out on potential profits can drive individuals to make impulsive investment decisions, which can sometimes lead to losses.