Brace yourselves, there is FOMO coming

Barbut

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Quote from: Hamphser on January 11, 2020, 12:31:44 PM

Quote from: Barbut on January 11, 2020, 11:40:06 AM

FOMO is constantly present in the crypto world. I don't see a day passing without FOMO around some coin. In some moments that FOMO can be stronger than usual, but it is always somewhere around. FOMO is not a bad thing, in all cases, sometimes we really feel like we can miss something big, it's in all of us.

Well, what can we do? It's an open market and everyone has the right to buy if they feel to replace their lost coins. I think there's a smaller FOMO which is making a price to pump slowly and a big FOMO that i think only whales can do. They can make the market to pump higher than what we've expected.

We do what we think is best for us! It's an open market, everyone has the right to do whatever they want, and you have the same right. We develop ourselves every day, your character is getting stronger, you resist some influences from around you and you learn to make decisions based on your research.
I don't care what wales do, they have more possibilities, like every rich person. What we need to do is to try to be focused on what we do and in what we believe, with FOMO or without it, some emotions should be put on a side when we make decisions for our future.

chip1994

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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.

It is entirely possible that tensions between the US and Iran will increase. I think now there are many people who have the psychology that wants to buy bitcoin to be able to escape the consequences of WW3. Therefore, when global political and financial instability is at risk, the value of bitcoin tends to go up. It can even go back to ATH or break out at $ 20k and rise to $ 40k. This Halving event will certainly be a huge boost, the crowd is thinking so and the excitement is quite similar to the dot-com bubble period of the internet.

ajiz138

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when approaching halving maybe a bigger FOMO will occur, maybe a price of $ 10k will be reached.
we just need to get ready and buy some BTC today. Halving bitcoin is a long-awaited event.
the current market is in better shape than yesterday. some altcoins recover even a few percent.

daarul50

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Quote from: BrewMaster on January 13, 2020, 12:30:13 AM

Quote from: smyslov on January 11, 2020, 11:18:49 AM

I think people have learned by now if the FOMO is just another trap or not, remember 2017 is a big lesson in FOMO, and if people are not being careful, chances are history is going to repeat itself and people will get victimize again by FOMO, investors especially those who are newbies should only invest what they can afford to invest and do not fall for FOMO, always invest in the safe side.

you are confusing one sub-type of FOMO called bubble with FOMO in general. we have lots of different types of FOMO in bitcoin market, the end of the cycle FOMO that leads to the extremely exaggerated price at an ATH within a very short time is the bubble. and yeah it ends badly for a long time for those who enter then.

but other types of FOMO also exist. for example last year we saw multiple cases of it with 2 major ones. the most known one is when price suddenly jumped from $3800ish to above $5500 and then continued going up. entering there even in FOMO was the best decision anybody could make except for those who bought at the bottom.

well you can not blame those people who go all out FOMO and realized they got trapped in the peak bubble , there is a small differences between which also could always misleading people into having a clear understanding about these two.

the FOMO situation is still in the fundamental value , while bubble exceeds its fundamental value.
i tend to agree that the incoming FOMO is near.

not to mention that the bitcoin halving factor laways there haunted and people don't want to go MIA -again- .

BrewMaster

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Quote from: smyslov on January 11, 2020, 11:18:49 AM

I think people have learned by now if the FOMO is just another trap or not, remember 2017 is a big lesson in FOMO, and if people are not being careful, chances are history is going to repeat itself and people will get victimize again by FOMO, investors especially those who are newbies should only invest what they can afford to invest and do not fall for FOMO, always invest in the safe side.

you are confusing one sub-type of FOMO called bubble with FOMO in general. we have lots of different types of FOMO in bitcoin market, the end of the cycle FOMO that leads to the extremely exaggerated price at an ATH within a very short time is the bubble. and yeah it ends badly for a long time for those who enter then.

but other types of FOMO also exist. for example last year we saw multiple cases of it with 2 major ones. the most known one is when price suddenly jumped from $3800ish to above $5500 and then continued going up. entering there even in FOMO was the best decision anybody could make except for those who bought at the bottom.

CryptoBry

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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.

I am actually hoping for a big pump that can catapult Bitcoin beyond the $10,000 zone maybe even into $15,000 but we need literally big FOMO for that, let's see if the coming halving can be that catalyst needed for that big FOMO. Bitcoin can rise if there will be corresponding demand for the coin manifesting in the market and whether that can be manipulated or not I really don't care much because as an individual I can't do anything about it. The waning possibility of the Iran-USA war had done some good push for Bitcoin lately and now we are looking for another push but I am not really sure if the halving can do it but am still hoping.

d3nz

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This is obviously gonna happen much more soon and what's why we don't need to be surprise anymore and this is the strategu for some people to manipulate them and change the flow of the market. We cannot stop them but we can change the mind of people who is believing them by spreading a good analysis and predictions that might really happen.

And trusting those negative people might really change the way you trade and analysis the market can be bad for you since you don't trust the right flow anymore.

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Quote from: Barbut on January 11, 2020, 11:40:06 AM

FOMO is constantly present in the crypto world. I don't see a day passing without FOMO around some coin. In some moments that FOMO can be stronger than usual, but it is always somewhere around. FOMO is not a bad thing, in all cases, sometimes we really feel like we can miss something big, it's in all of us.

Well, what can we do? It's an open market and everyone has the right to buy if they feel to replace their lost coins. I think there's a smaller FOMO which is making a price to pump slowly and a big FOMO that i think only whales can do. They can make the market to pump higher than what we've expected.

Barbut

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FOMO is constantly present in the crypto world. I don't see a day passing without FOMO around some coin. In some moments that FOMO can be stronger than usual, but it is always somewhere around. FOMO is not a bad thing, in all cases, sometimes we really feel like we can miss something big, it's in all of us.

Free1bitco.in

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Quote from: rdluffy on January 10, 2020, 10:51:00 AM

At this moment that I'm posting, BTC is worth 8k USD again, after one day before the level of 8k

I think we need at least 13k USD (the higher price of 2019) to start a fomo and a new bull run, people are still afraid to put more money into, but after 13k I think everyone will think that will pass 20k again

I think people are already thinking of holding back in the long run because the price has suddenly risen to $ 8k. however, now people have begun to realize this enormous price increase.
At present, people have started FOMO, but if the price is even higher, it seems like people will respond to this price increase with extreme caution. Well, people have started buying and selling assets

smyslov

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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.

I think people have learned by now if the FOMO is just another trap or not, remember 2017 is a big lesson in FOMO, and if people are not being careful, chances are history is going to repeat itself and people will get victimize again by FOMO, investors especially those who are newbies should only invest what they can afford to invest and do not fall for FOMO, always invest in the safe side.

SquallLeonhart

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Do not forget that there has been a lot of people who are claiming halving will result with price going up no matter what. Some people do not even want to see the fact that maybe price is already considered in the current date and halving will not make a huge movement because we all know it already and positioned ourselves accordingly?

I still think there is a huge chance bitcoin going up and all of it due to these people thinking halving will increase the price (if you think price will go up, you buy, when you buy, you increase the price) however I doubt it will be because miners want more money etc etc, it will be all because people focus on halving so much that they just keep on buying and buying and that results with price going up. Basically FOMO births FOMO.

gweedo

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Quote from: rdluffy on January 10, 2020, 10:51:00 AM

At this moment that I'm posting, BTC is worth 8k USD again, after one day before the level of 8k

I think we need at least 13k USD (the higher price of 2019) to start a fomo and a new bull run, people are still afraid to put more money into, but after 13k I think everyone will think that will pass 20k again

Prices are rising rapidly after the correction has ended, currently the price of bitcoin has reached $ 8150 and is still going up. The current Fomo market is just beginning and in January, bitcoin price will reach $ 10000 and then will keep going up until halving. I don't know bitcoin can achieve ATH like 2017 or not? But given the current situation, investors who have purchased bitcoins below $ 8000 will surely be very profitable in the next few months.

rdluffy

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At this moment that I'm posting, BTC is worth 8k USD again, after one day before the level of 8k

I think we need at least 13k USD (the higher price of 2019) to start a fomo and a new bull run, people are still afraid to put more money into, but after 13k I think everyone will think that will pass 20k again

BrewMaster

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Quote from: stompix on January 10, 2020, 05:01:33 AM

Rather than the FOMO kicking in, I think it was the BOPNM....lol, or the "boredom of price not moving"

Everyone was expecting something to happen in December, another bull run like in 2013, 2017, or finally, the effects of the so much anticipated halving to show in the market orders. I've seen this around the forum and around other social media, everyone was expecting the price to go up a bit if not too late October levels.

FOMO, no! A small bump and now it is over.

FOMO, yes but a small FOMO. and it usually starts like this. you are correct that there is a boredom of nothing happening but that also means there are a lot of people with money waiting to buy in and 90% of them will only start panic buying when the price passes a certain higher level so that they can be sure there is no more drops!

in any case, i am both disappointed and excited about the current trend. despite all the FUD that has been trying to crash the market price is still staying around $8k (currently $8050) and seems like having a tendency to continue going up.

BitcoinHunt3r

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For now, see a lot of people really believe bitcoin will pumped i think will make bitcoin really pumped. Although there are some others who said that we should prepare if halving don't bring positive thing to bitcoin but for me, bigger possibility $10000 or maybe $15000 can be reached.

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Quote from: stompix on January 10, 2020, 05:01:33 AM

Everyone was expecting something to happen in December, another bull run like in 2013, 2017, or finally, the effects of the so much anticipated halving to show in the market orders. I've seen this around the forum and around other social media, everyone was expecting the price to go up a bit if not too late October levels.

When I think for a moment how most people in the forum think completely wrong, it is not at all strange to me that those who are limited by information make completely wrong conclusions. Expectations that the end of 2019 will in any way be similar to 2013 or 2017 clearly shows that people do not understand halving at all. That big pump everyone dreams of can only happen after the halving that is in May 2020, at least that was the case in the past.

I can't get rid of the impression that at least 80% those who are in any way involved in the world of Bitcoin do not understand the basics of the basics. While others buy and accumulate, they are waiting for some new prophecy from John McAfee - and guess what's new, he broke one more promise - this time the BTC is not in question Shocked

3la9l_kolbaCa

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Quote from: Republikcoin.com on January 10, 2020, 06:23:46 AM

since the increase, it looks like prices have started to decline again. who knows what affected this sudden decline and increase. it's just that, earlier this year it was like a signal to buy bitcoin in large quantities. it is indeed only a matter of time, so, buying bitcoin or collecting it now is highly prioritized. I believe that prices can get to $ 10k before May.

Just an enough timeline for $10k, it's a reversed idea from other speculators because mostly thought it could happen as early as January or February. Hard times happened unexpectedly, we shouldn't expect bitcoin to be easy as that. In fairness with lots of holders, the market still behaves so silent, even if there's a slight pumps experienced this week it doesn't mean we will be confident. Anytime the market might crash down, and if there's a fomo coming I would rather expect 50/50 chances.

Republikcoin.com

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since the increase, it looks like prices have started to decline again. who knows what affected this sudden decline and increase. it's just that, earlier this year it was like a signal to buy bitcoin in large quantities. it is indeed only a matter of time, so, buying bitcoin or collecting it now is highly prioritized. I believe that prices can get to $ 10k before May.

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Quote from: romero121 on January 10, 2020, 06:07:35 AM

When such scenario happen it is always good to hold than falling for the FOMO.

When there is a FOMO it could potentially result to a bull run and there is no sense of holding further if we are already seeing a profit.
Being greedy is bad, at least we learn from our past mistakes in 2017 where everything was pumping but we choose to hold and aim for more, that's greediness.

romero121

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FOMO is common with the cryptocurrency market. People predict comparing with the previous year figures. Every time we won't be getting the the same results. When the prediction is for a bull trend and the market acts in the opposite direction automatically there arise FOMO among the people who have been holding the assets for a long term for profiting. When such scenario happen it is always good to hold than falling for the FOMO.

bitcoindusts

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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.

I really love to see this FOMO kicks in. But sadly price retraced to sub $8k after the tension on the middle east cools down. So, I guess this is just an ordinary price recovery. It is due when its due, and we are expecting Bitcoin to recover $9k after this retrace and I hope to see it soon then towards 5 digit Bitcoin price before halving.

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Rather than the FOMO kicking in, I think it was the BOPNM....lol, or the "boredom of price not moving"

Everyone was expecting something to happen in December, another bull run like in 2013, 2017, or finally, the effects of the so much anticipated halving to show in the market orders. I've seen this around the forum and around other social media, everyone was expecting the price to go up a bit if not too late October levels.
And suddenly there was a reason, although pretty stupid in my opinion and the way it faded away in a matter of days is clearly an indicator was just a speculative move, there was not even enough time to start sending a wire to buy coins before it started going down.

FOMO, no! A small bump and now it is over.

We had 4 bigger upward movements this year and when it comes to volume this one is barely noticeable.

Quote from: Lucius on January 08, 2020, 09:56:41 AM

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.

Yeah, I have the same feeling, everyone knows the price must go to 10k but...we're still on standby Cheesy

Gyfts

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The hardcore Bitcoin enthusiasts that're somewhat delusional keep claiming FOMO to give themselves a confirmation bias as if they need to convince themselves that gambling on the markets is okay instead of long term holding. I wouldn't be surprised if some of those that got burned in the 2017 would try and promote Bitcoin for a short term bump in order to recoup investments either considering how hard people were shilling for the whole "WW3" nonsense hoping for a full scale war just for short term BTC profits. The bump can these last couple days can be attributed to the slight USD devaluation by China but I don't see it having a long term effect. We're back down from the bump so we'll see how it plays out.

crwth

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It's going to be a wild ride this coming month. With the price returning to $7800~ It's a correction, and a lot more people would be expecting it to rise, so the FOMO is still there. Maybe a lot of people started hoarding more BTC with the recent events that surround the USA. I can't wait for it to return to the $10k mark.

sovie

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Dust is settled now and those who bought bitcoin due to FOMO in latest bull run ( due to iran/usa tension) are struck now. They are the one who will be looking at bitcoin price in coming days. FOMO is just a panic and one who can withstand this panic buying can save himself from huge losses.

sana54210

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Looking at the price movements in the past 8-9 days, looking at start of the year it started off with 7100 dollars first saw 7.5k at first, stayed there for a small while and moved as high as 7.9k after that, peaked at around 8.4k dollars and now down to 7.9k levels and all of that happened inside a week, we are talking about bitcoin here and we all know anything could happen but this is the volatility that scares people.

Think about all the people who bought at around 8.3k levels when they thought bitcoin was FOMO'ing and going up, that would be something terrifying if it happened to me because price went down right away after I bought inside a day. Maybe tomorrow it will go back up to 8.5k levels, maybe it will go down to 7k levels once again, we never know.

BrewMaster

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Quote from: thecodebear on January 08, 2020, 12:58:58 PM

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.

it seems like our definition of FOMO is different from each other. i am always interested in seeing FOMO of any kind, calling it real or not is just the unimportant details.
for example during 2016 and 2017 (similar to 2019 and 2020) we had lots of FOMO. the one at the end was the biggest one and the least important one in my opinion because it was the bubble whereas the previous ones were more of natural rises accompanied with lots of adoption.

FairUser

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Fomo only happens if the price of bitcoin in 2020 surpasses the ATH in 2019, which means that the price of bitcoin must surpass $ 14,000 for us to see the most obvious Fomo. So far, only a few small pumps by the influence of political news in the world. In the next few months when the halving starts, I think we just got a big pump and a huge fomo

fabiorem

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FOMO only after it breaks 10k. Until then, its just another sucker's rally.

Fatunad

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Just like every time the price is having an upward trend people are starting to fomo. I think this has become a normal trend for everyone including the old investors sometimes or most of the time has been fomoing since day one of their investment journey in cryptocurrency. I may not been too old on this field but this is one thing I have noticed in crypto.

el kaka22

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I am not entirely sure if it is FOMO or not, after all we have seen the price move from 7300 to first 7900 levels and it went south to 7500 levels once again before it reached to 8300 levels; which means there was a huge drop in between the increases as well, when there is a FOMO going on the price doesn't fall back down, it just goes up without stopping like a skyrocket and this wasn't that.

I feel like this was a calculated and expected increase of bitcoin, the price got stuck at around 7k for far too long and people were expecting a move from bitcoin for months now, it could have been going to 6k or going up to 9k and wouldn't matter because people just wanted some move instead of staying still and that move just happened, I doubt there will be anything else, we will stay around these prices for a while most likely.

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Quote from: Juggy777 on January 09, 2020, 05:43:53 AM

@BrewMaster why do you believe that this was a FOMO rally?, because there’s no information available which suggests that this rally was because of FOMO. @panganib999 you’re partially correct because bitcoin prices shot up due to the rising tensions between US and Iran, and luckily there’s no war happening hence bitcoin prices are now settling down. In my opinion FOMO rally will begin once we’re close to Halving event, and I’m eagerly awaiting that rally as we shall see a huge surge in bitcoin prices.

Your thinking just shows how easy it is to manipulate people, they just need to sell the news the right way. People always feel FOMO (Fear of missing out) when the price is going up, and that is exactly the case now. There are people who invest in the long run, but also those who want a quick profit and only invest when the price goes up. These are the same ones who were buying BTC back in 2017 when its price went to $20k. Should someone officially announce that FOMO is starting or ending?

Tensions between USA-Iran are far from over, the war still hangs in the air - but not the one most think of. The real effects of halving (if any) will only happen in 2021, everything else is just foreplay.

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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.

Quote from: panganib999 on January 09, 2020, 02:13:01 AM

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.

@BrewMaster why do you believe that this was a FOMO rally?, because there’s no information available which suggests that this rally was because of FOMO. @panganib999 you’re partially correct because bitcoin prices shot up due to the rising tensions between US and Iran, and luckily there’s no war happening hence bitcoin prices are now settling down. In my opinion FOMO rally will begin once we’re close to Halving event, and I’m eagerly awaiting that rally as we shall see a huge surge in bitcoin prices.

https://www.newsbtc.com/2019/12/19/bitcoin-halving-catalyze-fomo-large-bull-run/

bitcampaign

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Fomo or FUD whatever it is already attached to crypto including bitcoin isn't it, ask about when it will start, isn't it now time to start where a lot of any news that connects bitcoin as a good escape, I can't call them FOMO just say maybe it's right we're in the threshold for everything to start soon, the increase in bitoin will probably continue regardless of how much more value will be achieved, a warm welcome to FOMO

1Referee

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Quote from: thecodebear on January 08, 2020, 12:58:58 PM

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.

Fomo will start well before that. I'm pretty sure that the institutional buyers (institutions are technical buyers/sellers) will fomo hard when we actually see the price do something it hasn't done in a long time, which in this case is change trend and mark a higher local high. This also explains why we pumped so hard from $3000 to $14,000 in such a short period of time.

The fomo that will start when we break the all time high is going to be retail driven. They will buy the coins of the smart money on the way up until they run out of funds and smart money no longer provides any support. This retail fomo will very likely cause another altcoin boom and they will end up getting rekt just as hard as the last time.

DevilSlayer

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Quote from: MI6 on January 09, 2020, 03:37:32 AM

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.

I hope FOMO really coming, but people who buy because of FOMO hope can get profit too. Because when price pump, some people who already bought bitcoin can take profit, but who bought in high price must wait other to buy in higher price to make price pumped. But for me, maybe $10000 already enough if it can happen before halving.

There are people who doing FOMO but they still earn money from it even if it risky decision. I'm a discipline trader so I will not do FOMO even if I lose that opportunity. I'm aware there are many more opportunities so why I will follow the others who also buying bitcoin at its peak price. FOMO is a risky strategu because there are always retrace after a big pump.

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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.

I hope FOMO really coming, but people who buy because of FOMO hope can get profit too. Because when price pump, some people who already bought bitcoin can take profit, but who bought in high price must wait other to buy in higher price to make price pumped. But for me, maybe $10000 already enough if it can happen before halving.

danherbias07

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It is like a replay of a movie which had been watched over and over again.
Grin

Yeah! It is happening.

Another group of investors are thinking twice if there will be another line where cheap price of bitcoin could be bought again but they are not seeing it.
To conclude it all, they need to buy now. Grin

Yes, right now.

target

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It make sense to actually buy today while there isn't yet a constant spikes to chase. The small pump will not start the fomo but the greedy who are trying to get as much as they want while some are still waiting for price to dip to $6k that might not really happen. So instead of waiting for another steep dive to $6k, they will buy heavily when the climb keeps going.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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)

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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.

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$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

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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.

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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

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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 (Read 660 times)