Topic: Bitcoin FOMO is too strong - page 2. (Read 1000 times)

On a microscopic scale day2day there will be huge movement, but over-all every war, every currency failure on earth will take BTC to a new high,

Biggest problem for criminal minded is to keep idiots churning their BTC's so they can be stolen on exchanges, pools, or forks.

BTC will go to $1M USD, but the ride will be bumpy, you can watch, or ignore, the outcome will be the same.

Those that HODL will end up RICH, those that churn and day-trade will end up POOR.

Seeing the current bull trend of bitcoin, it makes me nervous each time it surge because I am thinking how low will it be when it makes the correction and besides that, it seems this signs are showing to what is happening right now. Maybe it will happen sooner or later or maybe it will be different this time around. Whatever happens, we should always be ready when the storm comes.

I'm literally laughing out loud when I read this. Yes calm down there won't be a world war. LOL

The average life of all FIAT in history is 45 years, bankers know this, men of means know this only IDIOTS think that the USD is 'forever'

BITCOIN will replace the notion of the SDR, it will go to $1M USD

Country's will have their own alt-currency's

Time will come that GOV's will collude to BAN the little guy from creating his own crypto, or even mining without a GOV license,

Knowledgeable ppl need to be thinking about privacy, and keeping the current system out of the hands of government centralization.

Bankers KNOW that the era of PAPER-MONEY is over the Era of Crypto-Money has begun.

Maybe, and maybe the BCH pump that crippled Bitcoin with unconfirmed transactions a while back was also part of this test.

My prediction is; there's a huge BTC pump underway, Bitcoin shorts will be taken out, Bitcoin will have hundreds of thousands of unconfirmed transactions during a monumental dump. The short sellers will make big on the BTC pump and on shorting. The amounts traded on exchanges currently is pocket money to these guys, the market's so easy for them to manipulate.

This is all unchartered territory. Anyone who claims to know what's happening, what's going to happen, or why it's happening is guessing. Some more educated than others, but still guessing.

Really, I don’t see things negatively with it. Bitcoin price now only represents the increasing speed of new investors and user that is joining because of its popularity and price. But I don’t also assume that pump group is not doing anything with it but for a minimun effect only. FUD are present everytime the price is widely and rapidly on the bullish run that is more of what i know.

I’m NOT saying you are correct in your analysis. Perhaps today’s astronomical pump, was just a test not so much for the small’s buying during the run up, but a test to see what the capabilities were of the Exchanges in handling the massive buying pump. If it was a giant pump to test those uncharted water, the Exchanges failed miserably. I woke up this early :am (4:00am) and was online and watched it unfold 16k 17k 18k 19k in less than three hrs. I admit I was starting to panic at 18k, as I began to see my Exchange lagging and a few minutes later, it went off line. Nothing I could as I had not moved my total investment to my KeepKey. Granted I had move a substation amount this past Monday, but I had not moved another substantial amount.

So am I wrong in thinking today’s test, was a test of capability. Today’s run up cost some serious dollars, are they now rounding up for another run, for when the CME is Launched.

I actually think that we will continue to see a rise in bitcoin FOMO. Many people have now heard of it, but only a small fraction have bought. I think we will continue to see a rise. Hold on!

If cryptos succeed they will kill central banks, commercial banks and investment banks will go the way of Blockbuster and Kodak, there's no incentive for them to work with and encourage cryptos, and every incentive to work against them. Central banks would literally have no reason to exist.

That's not to say all bankers are this way, but the actual institutions themselves are shitting themselves and they should.

Don't make the mistake of thinking banks will ever be on our side, they'll smile and shake your hand while slipping the knife in your back.

Bankers Vs bitcoins

Well thats happening Even right now when we are talking about it thus there is for sure no need to panic.

Also not all banks are looking forward to start a war with bitcoins, luckily some are supporting bitcoins too , besides this many banks are launching cryptocurrencies, means they are seeing the potential the bitcoins has.

When a change comes everyone is for sure skeptical at start thus this is what the banks are facing right now, eventually its going to get accepted because of this large public support thus I don't think there is going to be any war.

That might happen. World war vs Bitcoin. We cannot set aside that these Bankers is attacking Bitcoin without ceasing and that's the fact that we should understand, they will not let Bitcoin to take over the Fiat that they worked hard to earn up to this day. As of now a lot of people have been giving too much attention to Bitcoin, as we can see the price changes for the last 24 hours, we can now consider that there is a legit FOMO here and with that being said, correction and dip is really possible.

My thoughts exactly, but if you're on the ride then you'll very much walk away with a big payday.

Interesting perspective my friend and some of it will be from your average Joe seeing the price and thinking "I'll have some of that".

My issue is not growth, I think BTC could be $100k by the end of 2019, my issue is this current growth spurt and the shear rate of it.

With any financial instrument that rises this sharply there's always solid, perfectly reasonable sounding arguments that this time it's different, that the sharp rise can be explained by XYZ, but there's always a downside to a rise that sharp. The only question for me is where the pump stops and how low will the other side of that peak be.

Well said, I like your perspective.

I am not so sure.  I think we may be seeing the beginning of wide spread adoption.  I noticed that Coinbase had a much higher price than other exchanges today.  This indicates to me that the average Joe is buying on there with credit cards.

The price rise this year is from institutional investors.  Keep in mind that most assets such as stocks are constantly being diluted.  Shares are issued to employees as part of a salary and also can be issued for various other purposes.  So when investigating a stock you need to look at the diluted value.  But bitcoin can not be diluted this way so when new money enters scarcity goes up.

At the beginning of 2017 the market cap of bitcoin was something like 30 billion.  That sounds like a lot, but its peanuts in the grand scheme of things.  A single private hedge fund can be worth 30 B, and there are many many funds.  I am not convinced that this is a pump and dump.  I think this is what should happen when big money comes in.  According to a quick google search the largest hedge fund is worth 122 billion.  That is just one fund.

Look at it this way.  BTC has been compared to gold.  The gold markets have Trillions of dollars moving around.  If even a fraction of that comes to BTC then price will have to skyrocket because of the nature of limited supply.  

If BTC hits 50k, then with 21 million BTC in circulation (there are less, but for the sake of argument), the market cap is somewhere around a trillion.  So does it seem reasonable that this much money will come in to the BTC market?  Take a look at the size of other markets and decide for yourself.

I think you might be right, it's happened every other time, but alts are so low this time that they might not actually go down with BTC this time. They seem to really be acting inverse to BTC a bit.

We're in uncharted waters I think, so familiar patterns don't necessarily apply.

I'm sure it will be great dump soon) So it will be good idea to sell at least part of BTC at current price. Also alts are recomended to be sold in USD/USDT

I also agree that BCH could be the coin they pump after shorting BTC.

They'll probably screw with Bitcoin's transactions while they short.