Relationship between fear of missing out, impulsivity toward stress, anxiety, and depression among crypto asset traders in Indonesia

Abstract

The COVID-19 pandemic has had a significant impact on every aspect of human life, from health issues to economic problems, where high unemployment rates and many businesses experience stagnation. When someone experiences financial anxiety, it will certainly affect their financial behavior. In this case, trading crypto assets is very attractive to investors because asset value increases can be achieved quickly, but asset value decreases can also occur just as quickly. The mental impact that occurs from this phenomenon needs to be known. Analytical observational research with a cross-sectional study design on 207 subjects who have crypto accounts and are trading crypto assets. The sample was obtained through voluntary sampling via social media and crypto communities throughout Indonesia. Out of 207 research subjects, there were 88.4% of crypto asset traders experienced FoMO, 90.33% experienced impulsivity, and there was a relationship between FoMO and impulsivity (p=0.001, cc=0.228), FoMO and stress (p=0.000, cc=0.289), FoMO and anxiety (p=0.040, cc=0.143), FoMO and depression (p=0.000, cc=0.218), impulsivity and stress (p=0.000, cc=0.303), impulsivity and anxiety (p=0.000, cc=0.352), and impulsivity and depression (p=0.000, cc=0.360). The reliability test of the FoMO questionnaire was (? cronbach=0.504), validity test (KMO=0.599, commonalities of each question item >0.50).