Fomo AGAIN? - page 2. | Bitcointalksearch.org

bitgov

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Quote from: RapTarX on October 19, 2021, 01:01:15 PM

I haven’t thought it could be a new ATH without a big dump to $10k-20k LOL but now we are very close to the new ATH; probably tonight, who knows. I just have realized that I'm in FOMO and get an amount which I could afford. Do you think FOMO is created once again & people are likely to get in? I have sold all my BTC long ago; later on, bought little amount only. Sad I didn’t buy the dip.

In my opinion, a lot of people are in FOMO. Investing in any cryptocurrency in or around ATH is never a good idea. However, the sentiment around Bitcoin's price is still very positive, so there is a high probability that its price will really increase further. I generally advise against investing when ATH is achieved, but in this case the risk may pay off.

Oceat

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Quote from: ?? on ??

FOMO always happens when the prices starts going up, I think that's the reason why it's missing out. In my opinion, there's nothing wrong with FOMOing as long as you are going to accept the consequences of your actions. Not to mention that you're not probably too late and the increase of the price is just starting to happen.

Doing FOMO in the peak is really a dangerous idea, haven't they experience it in 2017 when the bubble burst? I'd rather wait for the dip then buyback since it's too risky to follow the trend that most people/investors are suffering from the past. Minimizing the risk is important than gambling it but who knows? Sometimes you were right but sometimes most people didn't expect what was the result of their choice. So, they just sold it already after seeing the price drop so hard after the correction.

Webetcoins

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Quote from: lixer on October 21, 2021, 10:29:03 AM

As of now, I believe we are slowly getting into FOMO and accumulating anything within your affordable levels is highly recommended because you may not get back to the currently available cheaper price levels anymore.

I agree with this. I believe it would be massively profitable if we buy now and hold for next 2 to 3 months alone. If we are able to buy more right now, just before expected FOMO gets into action, then we might see at least 2x profits before end of this year. There are people who are negative about another round of bull run, but in my opinion, those people will regret like how people are sharing about 2013 and prices below $1000.

Quote from: ?? on ??

Not to mention that you're not probably too late and the increase of the price is just starting to happen.

I second this. Not just now, I do keep on suggesting my friends and colleagues about buying and holding bitcoins without hesitations as it is not too late to get into bitcoin with long term plans.

cryptomaniac_xxx

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Quote from: Ararbermas on October 21, 2021, 09:59:17 AM

Probably not fomo because many analyst already said that bear will not last after the bull run and you know it happened after weeks, so it was a bull run not because of some people who just ride to make hype in the market.. Indeed bitcoin surge more above 60k so obviously there's a high demand in the market.. And its not yet done wherein we still have months before this year ends, so perhaps we will see another ATH..
Btw likewise, i missed the train.. But still good because there's always a next time. Grin

You missed the train because you didn't FOMO, lol, now a new all time high has been reach in the last 24 hours. However, we see some minor dip as sellers as cashing out and probably will have to enter again when the price goes down. That is if the price will go on a correction, but so far we haven't seen any yet as it is trading sideways from $65k-$66k. Of course, it is not yet done, we still have $100k, and that is the target that's why we are seeing FOMO.

lixer

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Quote from: RapTarX on October 19, 2021, 01:01:15 PM

I haven’t thought it could be a new ATH without a big dump to $10k-20k LOL but now we are very close to the new ATH; probably tonight, who knows. I just have realized that I'm in FOMO and get an amount which I could afford. Do you think FOMO is created once again & people are likely to get in? I have sold all my BTC long ago; later on, bought little amount only. Sad I didn’t buy the dip.

Not just you, I have seen many people have done similar kind of mistakes due to unrealistic speculations about the downfall of bitcoin market. Probably if bitcoin was dumped up to $20k levels then probably you might have bought back more than what you have sold before but unfortunately it made a U-turn by $28k levels itself.

As of now, I believe we are slowly getting into FOMO and accumulating anything within your affordable levels is highly recommended because you may not get back to the currently available cheaper price levels anymore.

Ararbermas

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Probably not fomo because many analyst already said that bear will not last after the bull run and you know it happened after weeks, so it was a bull run not because of some people who just ride to make hype in the market.. Indeed bitcoin surge more above 60k so obviously there's a high demand in the market.. And its not yet done wherein we still have months before this year ends, so perhaps we will see another ATH..
Btw likewise, i missed the train.. But still good because there's always a next time. Grin

Lucius

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Quote from: justdimin on October 20, 2021, 03:14:04 PM

Unfortunately there will always be people who believe that bitcoin is not doing something that they want it to do.

I understand beginners who are mostly very confused with how all this works, but I don’t understand members who have been here for years and have had the opportunity to learn some things all this time. Everyone who sold when the price dropped to $30k and below was obviously wrong, because they didn't take into account the time we are in - and this is, despite everything, a very bullish year, almost identical to 2017. The only difference is that this bull run is not started exclusively by small investors, but by much larger players who have huge amounts of money to invest.

Quote from: justdimin on October 20, 2021, 03:14:04 PM

In the end I would love to see it drop again, yes that sounds weird to many many people but that would mean I could buy cheap again, that is why I love cheaper prices.

There are always those who rejoice when the price drops and when it rises, because that's how they make a profit - that's perfectly normal. Volatility will be one of the main features when it comes to Bitcoin for some time to come.

Victorycoin

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The price of a currency is low it is a good time to buy it even if the price of bitcoin goes down, its direction from other currencies will go up in general we think bitcoin is in a favorable technical position from a medium to longterm perspective considering all the signs yet it is pointing for an extended period of consolidation around the altitude before summer. Because of this among other technical issues our attraction is still reduced to corrections between important support levels, but we are able to move forward and buy with the confidence to hold these positions.

justdimin

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Quote from: Lucius on October 20, 2021, 05:31:53 AM

The man obviously didn't notice your avatar showing for weeks that it was the right time to invest in BTC, the discount that appeared and kept the price around $30k (or even lower) was for some obviously a completely wrong signal - announcements of crypto winter that then running through the forum led many people to sell at the completely wrong time.

Unfortunately there will always be people who believe that bitcoin is not doing something that they want it to do. It always does something that is volatile and good in the end, and we should be buying when it is low instead of selling, but people see it dropping and get scared and sell. I see forum posts about how everything sucks whenever price drops, whereas I really love the periods when it goes low, because then I would be able to buy at that price and I would be doing great. In the end I would love to see it drop again, yes that sounds weird to many many people but that would mean I could buy cheap again, that is why I love cheaper prices.

RapTarX

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Quote from: pooya87 on October 19, 2021, 11:27:19 PM

You have the weirdest expectations from bitcoin Cheesy

You basically expected a 85% market crash (a massive one) before price goes up which makes absolutely no sense. Specially since price was far from being in mini bubble let alone in a big bubble that could lead to such a huge crash!!!

I really haven’t thought of a bounce back. All I have imagined was $64.8k is peak for now and we are done; I'm pretty new at the speculative market, not an expert guy on TA. I was a holder only; saving some amount on BTC & that brought me a good return.
But I was wrong; I could have made more than whatever I have now. Now, I can't afford to buy the BTC I had earlier.
Have purchased a little. If there's a dip, will accumulate more. It has been a lesson for me.

davis196

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My FOMO is more like Fear of Selling Too Early and missing out on the higher price later on. Grin

I've sold my BTC at the wrong moment many times before,so I can't be bothered with buying BTC at the wrong time(right before a price correction).
I'm not like the FOMO traders,who wants to buy Bitcoins,when the market is on a bull run.
I guess that the Bitcoin market entered a FOMO phase,but I'm not going to buy any BTC,because I expect a price correction next week.
The FUD,that is coming from the governments and banks will grow for sure and the current FOMO phase will die slowly.

leea-1334

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Per Coindesk ATH is 64800+ so now we are not quite there but we almost touched 64500. I know Coindesk is not the best but it is the most followed mainstream crypto media for market.

And as Charles-Tim also says same being used for CMC.

It is still coming today of course

Lucius

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Quote from: pooya87 on October 19, 2021, 11:27:19 PM

You have the weirdest expectations from bitcoin Cheesy

You basically expected a 85% market crash (a massive one) before price goes up which makes absolutely no sense. Specially since price was far from being in mini bubble let alone in a big bubble that could lead to such a huge crash!!!

The man obviously didn't notice your avatar showing for weeks that it was the right time to invest in BTC, the discount that appeared and kept the price around $30k (or even lower) was for some obviously a completely wrong signal - announcements of crypto winter that then running through the forum led many people to sell at the completely wrong time.

Quote from: pooya87 on October 19, 2021, 11:27:19 PM

It is starting to. Usually when there has been a lack of big rises, the FOMO-type-people remain doubtful and don't start buying until it is too late. Right now it is a little late so there are small FOMO buys here and there. I believe the bigger FOMO will start after new ATH was set (ie. 65k+) and the momentum shows no sign of slowing down.

I agree that it will take a while until new conditions are created for the FOMO effect, which means that we have to wait for the media to start speculating about $100k by the end of the year, with of course the inevitable story of the first BTC ETF in the US, El Salvador, Mr.Mars and how Bitcoin has become greener because it is no longer produced in China.

Yaunfitda

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Quote from: Poker Player on October 20, 2021, 02:43:42 AM

We have not yet broken the ath, as mentioned, and the normal thing when you get to that previous point is that there is some resistance. I remember it took us quite a while to break the $20k, it wasn't come and break it.

As for the FOMO, I would think there will be two phases:

1) When we clearly break above $65k.
2) When we get clearly above $100k. This is going to be the Big FOMO.

I think breaking $60k, there's already a FOMO.

Yes, institution are buying bitcoin at a huge rate, but still, for it is the retail investors that will cause their massive spike, so the FOMO is coming from them and not from institutions.

It could be a big FOMO when we reach $100k or a massive sell-off. Grin

Wexnident

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Just buy slowly in dips and stop waiting for crashes, you're wasting your time trying to wait for something you based on what, what others have actually said? Or is it simply because of how it dipped midyear back to below $30k or so? Though I'd suggest waiting for a small dip before buying in right now. There's pretty much no reason in trying to buy when the market is in a rally, that's just pretty stupid. Additionally, FOMO would probably happen a bit more later, you can honestly see it when the market suddenly goes into a rage and price surges up big time. When you're at that point I'd honestly just suggest buying in AFTER that.

Poker Player

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We have not yet broken the ath, as mentioned, and the normal thing when you get to that previous point is that there is some resistance. I remember it took us quite a while to break the $20k, it wasn't come and break it.

As for the FOMO, I would think there will be two phases:

1) When we clearly break above $65k.
2) When we get clearly above $100k. This is going to be the Big FOMO.

Charles-Tim

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Quote from: The Sceptical Chymist on October 19, 2021, 01:14:47 PM

Usually I have the Speculation section on ignore, but I just had to check the threads here today. Have we not already hit a new ATH? Per preev, bitcoin is at $63,280.

I am acquainted with an exchange candle stick chart which makes the work easier for me, bitcoin price hasn't reached all-time-high.

The first chart shows all-time-high on April 14 which was $64,854, the first chart have candle sticks with a day price range. The second second shows the recent highest price bitcoin which was few hours ago which was $64,486.

On Coinmarketcap, the all-time-high was $64863 while the highest price on the site recently was $64434, I used the candle stick chart also, but probably the time zone differs a little from Binance time zone which is the time zone the three exchanges I have used before are using which is UTC (+0). So bitcoin all-time-high was on 14th April, the time zone should be the reason for the difference in 7 days range candle sticks on Coinmarketcap chart and the adjustment is not flexible like on the exchanges.

Edit:

Bitcoin price later hit all-time-high some hours ago.

pooya87

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Quote from: RapTarX on October 19, 2021, 01:01:15 PM

I haven’t thought it could be a new ATH without a big dump to $10k-20k

You have the weirdest expectations from bitcoin Cheesy

You basically expected a 85% market crash (a massive one) before price goes up which makes absolutely no sense. Specially since price was far from being in mini bubble let alone in a big bubble that could lead to such a huge crash!!!

Quote

I just have realized that I'm in FOMO
I have sold all my BTC long ago; later on, bought little amount only. Sad I didn’t buy the dip.

Let it be a lesson to you to buy bitcoin in dips and stop waiting for unreasonable crashes Wink

Quote

Do you think FOMO is created once again & people are likely to get in?

It is starting to. Usually when there has been a lack of big rises, the FOMO-type-people remain doubtful and don't start buying until it is too late. Right now it is a little late so there are small FOMO buys here and there. I believe the bigger FOMO will start after new ATH was set (ie. 65k+) and the momentum shows no sign of slowing down.

Oasisman

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Quote from: The Sceptical Chymist on October 19, 2021, 01:14:47 PM

Have we not already hit a new ATH? Per preev, bitcoin is at $63,280.

Bitcoin just hit $64,434.53 recorded as high on CMC. A few couple of dollars behind the last ATH which was recorded around $64,800+ on April 2021.

I guess this might be a mix FOMO and investors suddenly influx to the market as Bitcoin has been gradually gaining value since the start of October. Some people think this could go on till $100,000 and I can say they're the one who's fomoing.

noorman0

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[Nope]No hype delivers more than hope

There is no fomo if you can still control the caps you enter in (at least you didn't all in passionately). I don't know when the OP started monitoring the charts, in fact we've gone up 1/3 slowly and steadily since October 1st.

There is actually a trick to reducing FOMO, by reducing the large number of stable coin holdings (or whatever pair you are accustomed to trading with bitcoin) at the earliest signs of a bull market.

Topic: Fomo AGAIN? - page 2. (Read 433 times)