Brace yourselves, there is FOMO coming - page 3.

Wysi

sr. member

Activity: 1638

Merit: 261

Quote from: BrewMaster on January 08, 2020, 12:03:28 AM

as we entered 2020 and the first week is coming to an end, price has picked up and started heading towards $10k as it was expected before.
like all the previous times i again expect another FOMO to start due to this rise that would bring the price up in a sudden and big move. the only question remaining is about when it is going to start.

we saw a small version today as price jumped up from $7300 to $8300 but that is the small FOMO. i think we can see price easily jump up above $10k when it starts.

No doubt it had been a terrific start for 2020 wherein we expected for a slowdown which happens every year during new year but this year it was different and when it comes to FOMO this is the right time for anyone to invest rather than waiting for the value to go down or reach the peak because some of us made foolish decision in 2017 to invest when BTC was around $20k then ended up with panic selling when the market dropped.

panganib999

hero member

Activity: 1750

Merit: 589

I'd say it started quite early because of the reports of the recent rise in the market because of the tensions between US and Iran. And seeing the tension between them only increase, added to that to the FOMO of halving (which imo, should've started by around mid February). the FOMO of this years halving should be quite big. I'm pretty happy with the first week movement of BTC Market, but it should still rise slowly than rise like this where it only took a day to increase by 5%. The result is, well, increase of 5% for two days, then decrease by 5% for a day, kinda defeats it tbh. Still, an increase is an increase.

robelneo

legendary

Activity: 3416

Merit: 1225

Quote from: BrewMaster on January 08, 2020, 12:03:28 AM

as we entered 2020 and the first week is coming to an end, price has picked up and started heading towards $10k as it was expected before.
like all the previous times i again expect another FOMO to start due to this rise that would bring the price up in a sudden and big move. the only question remaining is about when it is going to start.

we saw a small version today as price jumped up from $7300 to $8300 but that is the small FOMO. i think we can see price easily jump up above $10k when it starts.

FOMO should start when Bitcoin was trading at the $6000 level if the investors are wise enough to invest in that level, honestly, I don't believe in FOMO and I don't go for that I believe in strong analysis and don't go for fear of missing out, people should buy coins to add on their portfolio, when they can and within their means, not buying outside of their means because of FOMO, there's a lot of victim of that FOMO in 2017 and it's one lesson 2017 brought to current investors.

thecodebear

hero member

Activity: 2240

Merit: 848

There will be bouts of FOMO this year, but the real FOMO doesn't start until the price passes the ATH from the previous bull run. Real FOMO doesn't start for over a year.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

Quote from: The Sceptical Chymist on January 08, 2020, 10:04:43 AM

Quote from: BrewMaster on January 08, 2020, 12:03:28 AM

we saw a small version today as price jumped up from $7300 to $8300 but that is the small FOMO.

Maybe there was a little bit of it in the past couple of days, but I think it takes a lot more than a $900 rise to start inducing fear of missing out. Experienced traders surely realize that this little pop we're having might not be the start of anything bigger, and I sure as hell didn't think I'd be missing out on anything if I didn't start buying bitcoin.

a good point and i agree that this is still a small rise and it is not going to be starting the FOMO but i still think there are a lot of signs of the real big FOMO on the way hidden inside of it.

as for the FOMO itself, of course it is not for people who have a mind set like you. unfortunately FOMO happens when a large number of traders start being greedy and expect large drops for no reason. so they end up waiting instead of buying. for example when price is at $7k they wait to buy at $5k. but when that unrealistically low prices aren't reached they have to do something with their money and while they see their opportunities to buy is running out they jump in hence causing the big price jump.

DeathAngel

legendary

Activity: 3304

Merit: 1617

#1 VIP Crypto Casino

With the halving only 5 months away there is definitely going to be a big FOMO spree in the next few months.
Just be happy that you’re already involved in bitcoin, latecomers will envy us.

The Sceptical Chymist

legendary

Activity: 3528

Merit: 7005

Top Crypto Casino

Quote from: BrewMaster on January 08, 2020, 12:03:28 AM

we saw a small version today as price jumped up from $7300 to $8300 but that is the small FOMO.

Maybe there was a little bit of it in the past couple of days, but I think it takes a lot more than a $900 rise to start inducing fear of missing out. Experienced traders surely realize that this little pop we're having might not be the start of anything bigger, and I sure as hell didn't think I'd be missing out on anything if I didn't start buying bitcoin.

We were just at over $10k in the summer, so even at today's price I think bitcoin is still a bargain. But as you said, if and when it gets to the $10k mark, then we might start seeing some FOMO and even then, only if it happens relatively quickly. It's way too early to be getting all giddy about the market. Way too early.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: BrewMaster on January 08, 2020, 12:03:28 AM

~snip~.

There are those who are over-optimistic about any price increase, so this moment is no exception, but it is far from the true FOMO effect when all possible media are involved in it. I think everyone is actually waiting for $10k to be reached again, just like it used to be the case with $1000 in the past. Although the situation is different now than last year in April when Bitocin exploded quite unexpectedly, I still have a great deal of reservations about this price increase in the sense that it is a well-orchestrated bull trap. This may not be the case, but investing in moments like this is not a smart move - of course, in the case of a short-term investment.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Quote from: freedomgo on January 08, 2020, 07:54:22 AM

It's just less than a week and now people here are already thinking of a bull run or FOMO, this is good as it could hype the price to even rise more.
The FOMO is coming? well, hopefully it will come soon so by the halving we will see each other to the moon.

If this will continue for 3 months going to the halving schedule, I think it's easy to see a new ATH and once again the market will rejoice.

Well, it was a good way to open the year so most can't help but hope for the best don't you think so? So far the push of BTC from 7.9k to 8.3k has shown a possibility of a bull run, so hell even I am expectant of it actually pushing through the 9k barrier.

Quote from: Finestream on January 08, 2020, 07:20:00 AM

$10,000 is likely to be achieved when this FOMO continues, AFAIR, we have touch this price many times last year so I think it's easy to reach this again with the small FOMO you are referring to.

Sadly, we touched it but that's that. I'd say the 10k barrier would be achieved after a few months instead of this month. I'd rather see it that way anw, cause I want it to build a proper foundation and regulate itself so that it doesn't drop to lows just like what happened last year.

Quote from: Finestream on January 08, 2020, 07:20:00 AM

so the reason for this pump is the Iran vs US tension?
Bitcoin price rockets to $8,450 as Iran Attacks US Bases in Iraq

I like to see bitcoin pump but not this way. Cry

Partly I'd say? And most of us don't want to see the reason of BTC increasing because of a war. Well, we could also attribute it to how Iran's economy is kinda dead, since around 42k of Iranian currency is 1 USD (I checked it last week and it was only around 30k lmao)

freedomgo

legendary

Activity: 3248

Merit: 1160

Playbet.io - Crypto Casino and Sportsbook

It's just less than a week and now people here are already thinking of a bull run or FOMO, this is good as it could hype the price to even rise more.
The FOMO is coming? well, hopefully it will come soon so by the halving we will see each other to the moon.

If this will continue for 3 months going to the halving schedule, I think it's easy to see a new ATH and once again the market will rejoice.

Finestream

hero member

Activity: 3052

Merit: 606

$10,000 is likely to be achieved when this FOMO continues, AFAIR, we have touch this price many times last year so I think it's easy to reach this again with the small FOMO you are referring to.

so the reason for this pump is the Iran vs US tension?
Bitcoin price rockets to $8,450 as Iran Attacks US Bases in Iraq

I like to see bitcoin pump but not this way. Cry

ecnalubma

sr. member

Activity: 1540

Merit: 420

www.Artemis.co

Quote from: BrewMaster on January 08, 2020, 12:03:28 AM

as we entered 2020 and the first week is coming to an end, price has picked up and started heading towards $10k as it was expected before.
like all the previous times i again expect another FOMO to start due to this rise that would bring the price up in a sudden and big move. the only question remaining is about when it is going to start.

we saw a small version today as price jumped up from $7300 to $8300 but that is the small FOMO. i think we can see price easily jump up above $10k when it starts.

Well its unexpected because no crypto news that are sufficient factor to the growth, maybe the middle east tension drives the price up. Good price to start the 2020 though, it will likely to attract FOMO who keep on waiting for the right time.

Reid

hero member

Activity: 3052

Merit: 651

Quote from: BrewMaster on January 08, 2020, 12:03:28 AM

we saw a small version today as price jumped up from $7300 to $8300 but that is the small FOMO. i think we can see price easily jump up above $10k when it starts.

Yes, yes, yes.
I think I have said that in some threads over and over again. This is FOMO working out.
December expectations didn't happen. So what? They are now scared. To hell!!! Grin

As this goes on, more FOMO's will come.
They are now asking themselves if they can even buy at a cheaper price. They might not even see a glimpse of it.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

as we entered 2020 and the first week is coming to an end, price has picked up and started heading towards $10k as it was expected before.
like all the previous times i again expect another FOMO to start due to this rise that would bring the price up in a sudden and big move. the only question remaining is about when it is going to start.

we saw a small version today as price jumped up from $7300 to $8300 but that is the small FOMO. i think we can see price easily jump up above $10k when it starts.

Topic: Brace yourselves, there is FOMO coming - page 3. (Read 660 times)