Topic: Bitcoin, Speculations and FOMO - page 3. (Read 700 times)
If ever it reaches 10K and above again, it will be because of fundamentals and adoption and a lot of FOMO and price manipulation. It will be the same cycle until bitcoin grows large enough that whales will not be able to manipulate it. It will be years more before it happens.
When bitcoin can go beyond the $10,000 psychological barrier, what do you think they will attach it to? I guess the honor will go to aliens (just kidding). Seriously speaking, what can be wrong with these scenarios?
People might sold early and take profit, for the fear that the market will dump again so the wrong here is that, they are panic selling as the price started to go below $10k again. Its not a big deal because for me its just a small correction again, and that's always happening for a new pump. Bitcoin speculation will still be high, and the honor will goes to the supporters and hodlers of bitcoin its an honor and good to be part of that. Bitcoin reaching $10000 is not so far away I am envisioning a more greater target
We did break the $9,000 value but drops speedily to below $8,000 now,so the 10k value is not so far from reality in which we can foresee with the end of 2nd quarterQuote
but my worry is bitcoin raise unlike previous times is not carrying along with it other altcoin
In the first wave of pumping yeah altcoin had been leaves behind but now the movements are doin*close thing that good for investors Quote
and the initial coin offering aspect is doing poorly
So what?who cares about the ICO?are you?lol that scamming must be stopped because this is the age reason why many investors are leaving crypto since the become a victims 
One wrong mistake that is resulting in their disappointment is expecting too much. Most of them are expecting too much from the market. We all know that the market is volatile and once it strikes high, there's a possibility that it could drop down anytime. $10K would be a good price but as we could see, there are always corrections that is occurring.
Well the $10K price per Bitcoin is just around the corner.
We are really near from it I think we just need a little push or something to start up a strong up trend again.
And if it does it would only be a matter of time before it reach $9K then go straight to $10K.
We are really near from it I think we just need a little push or something to start up a strong up trend again.
And if it does it would only be a matter of time before it reach $9K then go straight to $10K.
people always come up with weird reasons for both bitcoin rises and falls mostly because they can't explain the rise and falls so they stick to superstitions. in this cases it was FOMO, it was panic and all that but they weren't the only reasons and not even the biggest ones.
for example in 2017 the biggest reason for the rise were the adoption! in case you have forgotten we had a couple of countries mass adopt bitcoin as a currency (aka a legal way of payment) by their government and at least one of them removed taxes on bitcoin payments. we also had the scaling wars that had lasted more than 3 years come to an end. in fact i am sometimes surprised why it didn't go up more than $20k!
for example in 2017 the biggest reason for the rise were the adoption! in case you have forgotten we had a couple of countries mass adopt bitcoin as a currency (aka a legal way of payment) by their government and at least one of them removed taxes on bitcoin payments. we also had the scaling wars that had lasted more than 3 years come to an end. in fact i am sometimes surprised why it didn't go up more than $20k!
One of the factor that affected the bull-market is FOMO, most people jumped in to bitcoin when the priced really spiked during the bull-market.
I guess once the market starts peaking again, same thing will happen and it will continue until the price stops rising, then another market correction will happen again.
The cycle never stops and history will only repeat itself.
I guess once the market starts peaking again, same thing will happen and it will continue until the price stops rising, then another market correction will happen again.
The cycle never stops and history will only repeat itself.
That is why it is good to make money off of it
I think bitcoin going to $10,000 this year is not impossible. But I think this year is a bit different since it is weird that some of the altcoins are not improving that much unlike bitcoin. It is like bitcoin alone is the only one moving up. Bitcoin can bring us to bull but it would still depend on the volatility.
One of the factor that affected the bull-market is FOMO, most people jumped in to bitcoin when the priced really spiked during the bull-market.
I guess once the market starts peaking again, same thing will happen and it will continue until the price stops rising, then another market correction will happen again.
The cycle never stops and history will only repeat itself.
I guess once the market starts peaking again, same thing will happen and it will continue until the price stops rising, then another market correction will happen again.
The cycle never stops and history will only repeat itself.
That is why it is good to make money off of it
One of the factor that affected the bull-market is FOMO, most people jumped in to bitcoin when the priced really spiked during the bull-market.
I guess once the market starts peaking again, same thing will happen and it will continue until the price stops rising, then another market correction will happen again.
The cycle never stops and history will only repeat itself.
I guess once the market starts peaking again, same thing will happen and it will continue until the price stops rising, then another market correction will happen again.
The cycle never stops and history will only repeat itself.
Bitcoin bull run in 2017 not because of speculation will include the demands and the most causes trigger for the bullish is the august sigwet correction.
My opinion if bitcoin today rach 10,000$' increase possible to bring it into another bull run but depends on the volality moments because we know bitcoiner is unpredictable.
That speculation ignores all the fundamental realities of how bitcoin works:
https://www.amsinger.org/sample-analysis
Bitcoin is very predictable if you understand its cash flow and assets. I publish the combination of these in the fundamental price floor measurement on my site.
Aaron
today. BTC is difficult to reach $ 10000. speculation the price of BTC now is very low.
I agree with you. that FOMO is one of the factors that affect the slow graph of BTC. we need volume, spread and high volatility.
but I predict that by the end of this year BTC will reach $ 10000. and that is the safe point.
I agree with you. that FOMO is one of the factors that affect the slow graph of BTC. we need volume, spread and high volatility.
but I predict that by the end of this year BTC will reach $ 10000. and that is the safe point.
The exciting and wild big bull run in 2017 was attributed by many to the heavy speculations and when bitcoin waned the market panic which partly resulted into the bitcoin winter that affected us in 2018. Now, in 2019, bitcoin started to show its bullish side and this time around it is attributed to FOMO (fear of missing out).
When bitcoin can go beyond the $10,000 psychological barrier, what do you think they will attach it to? I guess the honor will go to aliens (just kidding). Seriously speaking, what can be wrong with these scenarios?
Bitcoin bull run in 2017 not because of speculation will include the demands and the most causes trigger for the bullish is the august sigwet correction.
My opinion if bitcoin today rach 10,000$' increase possible to bring it into another bull run but depends on the volality moments because we know bitcoiner is unpredictable.
The exciting and wild big bull run in 2017 was attributed by many to the heavy speculations and when bitcoin waned the market panic which partly resulted into the bitcoin winter that affected us in 2018. Now, in 2019, bitcoin started to show its bullish side and this time around it is attributed to FOMO (fear of missing out).
When bitcoin can go beyond the $10,000 psychological barrier, what do you think they will attach it to? I guess the honor will go to aliens (just kidding). Seriously speaking, what can be wrong with these scenarios?
The reason bitcoin went to 20k in 2017 was because of foolish mistakes by a few VC's who pumped it for no reason. This time around bitcoin will not reach $10,000 until the fundamentals support the price. I publish fundamental information on BTC, ETH, BCH, and LTC on my site:
https://www.amsinger.org/sample-analysis
please check it out and see that at high prices like $10K every miner would be selling all their new bitcoins to foolish speculators because miners prepay for their bitcoin and get it at a discount.
https://www.amsinger.org/fundamental-method
Here is the 2 year historical chart for fundamentals
Don't trade on dreams, trade on knowledge.
Aaron
Bitcoin reaching $10000 is not so far away I am envisioning a more greater target but my worry is bitcoin raise unlike previous times is not carrying along with it other altcoin and the initial coin offering aspect is doing poorly
Probably be the same thing: FOMO and speculation as there seems to be no other driving force for bitcoin to go beyond crazy levels. Manipulation is one factor but given that there are a lot exchanges and different platforms out there, manipulators can only do so much, perhaps inspire/trigger a FOMO effect and let the magic happen from that point forward.
Honestly I won't be mad if this time they attribute it to aliens but oh well..
Honestly I won't be mad if this time they attribute it to aliens but oh well..
Well for bitcoin to have driven crazily to $20K, FOMO won't have been able to push it there, otherwise it would have stopped along the line. Some friends think it was as a result as of some earning platforms that were paying passive interest in 2017. Still he couldn't have been as many of such platforms failed in 2017. Well may we have some secret whales backing this community.
The exciting and wild big bull run in 2017 was attributed by many to the heavy speculations and when bitcoin waned the market panic which partly resulted into the bitcoin winter that affected us in 2018. Now, in 2019, bitcoin started to show its bullish side and this time around it is attributed to FOMO (fear of missing out).
When bitcoin can go beyond the $10,000 psychological barrier, what do you think they will attach it to? I guess the honor will go to aliens (just kidding). Seriously speaking, what can be wrong with these scenarios?
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