FOMO has started for Bitcoin | Bitcointalksearch.org

Armando

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Quote from: Rehan Zakir on January 09, 2021, 07:24:55 AM

The best time for buying bitcoin is during dip. When whales sells their bitcoins and dumped the market. And they again buy the bitcoins at cheap prices.
But, now the whales creates a fomo for buying the bitcoins.
In just 22 days, the bitcoin price double from its ATH(ALL TIME HIGH). In this bull run no one predicts, when the price of bitcoin returns. The price of bitcoin is just making ATH to ATH. So, taking trade in this bull run is very risky.

It is, trading is risky all the time. But if you check the results of previous post-halving bull runs, you'll see that it's ATH after ATH all the time. Say 5K was also looking crazy in 2017, it was like x5 previous ATH. Was it a bad decision to buy BTC for $5k in 2017? I don't think so))

Rehan Zakir

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The best time for buying bitcoin is during dip. When whales sells their bitcoins and dumped the market. And they again buy the bitcoins at cheap prices.
But, now the whales creates a fomo for buying the bitcoins.
In just 22 days, the bitcoin price double from its ATH(ALL TIME HIGH). In this bull run no one predicts, when the price of bitcoin returns. The price of bitcoin is just making ATH to ATH. So, taking trade in this bull run is very risky.

Jating

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Yeah, but still the cycle will continue, those who have been a victims in 2015-2019 become smarter, but how about those who entered late in 2019? then will not become the victims of this Ponzi scheme until it's too late and then they learn from their mistakes. And then a new set of noobs will come along, thus it is pattern in crypto sphere.

Even experience investors do FOMO from time to time, it's human behaviour, but with their experience, they know when and how to get out, unlike those newbies who think that the price will continue to spike without any corrections along the way.

Quote from: SmokerFace on January 09, 2021, 04:44:42 AM

There'll be always a FOMO its depends on us how we face it. Nowadays peoples are smart and they can easily tell the difference between the Ponzi scam and real investing based companies. They learn from their mistakes and today they're smart. Now Fomo is only for those who have less knowledge of bitcoins like newbies when they step-in bitcoins world a lot of Ponzi scheme try to scam them.

CryptopreneurBrainboss

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Quote from: SmokerFace on January 09, 2021, 04:44:42 AM

There'll be always a FOMO its depends on us how we face it. Nowadays peoples are smart and they can easily tell the difference between the Ponzi scam and real investing based companies. They learn from their mistakes and today they're smart. Now Fomo is only for those who have less knowledge of bitcoins like newbies when they step-in bitcoins world a lot of Ponzi scheme try to scam them.

People aren't actually smart as your presume, the scammers are getting smarter and still pulling off great stunts in regards to countless amount of scams. The obvious ways has been reduced to some extend, the doublers, matrix etc has been reduced to the minimum but that can't be said about investing in new project that promised high returns like as recorded with ICO, IEO and just bursted defi projects.

People greed still get the best of them and they fall victim to scams in their disguise forms. Fomo is one of the major reason for this incident. We can't stop it from been a part of the industry since majority of the enthusiast are less equiped with the right mindset to be able to combat this emotions when they occur.

SmokerFace

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There'll be always a FOMO its depends on us how we face it. Nowadays peoples are smart and they can easily tell the difference between the Ponzi scam and real investing based companies. They learn from their mistakes and today they're smart. Now Fomo is only for those who have less knowledge of bitcoins like newbies when they step-in bitcoins world a lot of Ponzi scheme try to scam them.

virasog

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Quote from: xSkylarx on January 02, 2021, 06:33:58 AM

FOMO will really happen if bitcoin's price will continuously increase. Add to that are the big institutions investing in it and speculations of many people that are saying it will reach this particular price.
People who don't have bitcoin are easily attracted to buy wanting to earn some good profit. If the market doesn't go well and it starts dumping hard then what happened way back 2017 could happen again leaving many people in a big disappointment.

Another way to see the fomo in bitcoin is to check the google searches for bitcoin and it has again started to increase in the last few weeks. The more people search about bitcoin, the more they will fomo and buy it. You can check what's trending at https://trends.google.com/.

ChrisPop

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Emotions like greed will always be present in the market. The trading forces change as years pass by, but we're all humans even if sometimes bots trade for us. We can still set them to be more aggressive during a bull run

)

This kind of post is always helpful especially for beginners in trading. A bull run can inspire euphoric states in some people and it's not a good idea to trade when you're on that extreme. You should be feeling good when trading, but not too good if you know what I mean. Always keep your emotions in check is my final advice.

Review Master

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Quote from: 0t3p0t on January 03, 2021, 10:55:21 AM

The wind for Bitcoin is on our side but anytime it could change that is why I don't fall for FOMO at all because I've learned the lesson way back 2017 and that lesson really hurts. The basic "buy low sell high" still works for me and at the moment I got nothing to invest coz I lost my job.

It's one kind of fomo for those who're new into this market as they might not know when to take entry or exits. As everyone is bullish, all those newbies might be made the same mistakes what i or you or we did back in 2017. But it's also true that fomo isn't going play with those who took leasons from 2017's bull market.

0t3p0t

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Quote from: Wysi on December 28, 2020, 01:51:42 PM

We might come across so many users posting unrealistic predictions about Bitcoin. We have already witnessed this during December 2017, so please be more cautious than ever before you invest into bitcoin by doing your own research and if you are ready for a long term investment then you may think of investing so that even during worst case situation you will get back your returns just like those invested during last peak and hodled it got it now. If you are looking for short term gain then give it a second thought.

The wind for Bitcoin is on our side but anytime it could change that is why I don't fall for FOMO at all because I've learned the lesson way back 2017 and that lesson really hurts. The basic "buy low sell high" still works for me and at the moment I got nothing to invest coz I lost my job.

reflection09

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The ship has sailed for bitcoin. Risks are too high going forward as bitcoin is extremely overbought in the short term.
https://i.imgur.com/4BdCLO2.png
source

Silberman

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Quote from: Poker Player on December 31, 2020, 10:51:24 PM

Actually, google trends shows that the general public has started to be interested in bitcoin again. Current interest is at 31% and since Feb, 2018 it wasn't at that level. We still have way to go to reach the Dec 2017 peak but it can be reached in a couple of months. That's the global interest. If you search specific countries like Argentina or Turkey the interest is very high.

The interest is only going to keep growing but at the same time this should tell us how massive this bull run is going to be, if only now people are taking notice of what it is happening in this market then this means that we have not seen the FOMO taking place yet, almost all technical indicators should be showing that bitcoin is being overbought and yet it does not slow down which means that most likely this bull run will continue for a great deal of the current year.

Rengga Jati

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This FOMO will continue as long as Bitcoin is still a hot topic of conversation. We will see how more and more people today are plunging into the world of crypto because they are tempted by the rapidly increasing price and profits. In this case, we may also know that Bitcoin is always the coin that gets the most attention to be predicted from time to time, from the bear market to the bull market.
Regarding FOMO itself, many beginners are forced to follow various predictions from channels or trusted people where they are already professionals to analyze the market. Because the newbies don't know how the Bitcoin market is today and in the future.

imstillthebest

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bitcoin is more of a short term now because it is actively volatile again . it goes down but go up faster and goes down again and go up , repeat .
but the price didnt increase continiously , if it reach a slight higher point it will stop there and become stable
but you cant go wrong with long term investing in btc because the price can shoot more in the future if not today or tomorrow . fomoers are predicting seriously or with serious amounts , if i were you i wouldnt hate them because they help market btc

CryptopreneurBrainboss

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Quote from: Wysi on December 28, 2020, 01:51:42 PM

We might come across so many users posting unrealistic predictions about Bitcoin. We have already witnessed this during December 2017, so please be more cautious than ever before you invest into bitcoin by doing your own research.

If they pay attention to the rules of not listening to any random users online in regards to taking prediction on what the next move of bitcoin is they'll be far away from this issue you just highlighted. The fomo has already started long time ago and it seems the peaks has already been reached or it's getting closer. Times like this are very dangerous to invest in an asset but since Bitcoin is highly volatile you can't actually be certain we have reached the peak.

Any investment done now should be for the long term as the possibility of profiting in short term aren't certain since a correction can occur anytime soon. Short term investors can monitor the market and wait for their opportunity to buy in.

The buy-in should be done systematically as the price could fall further after a dump. Retail investors are those buying in right now and a common attribute among them is panic sells which could affect how the market react to a correction.

coolcoinz

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Quote from: ololajulo on January 02, 2021, 06:48:31 AM

The greed and fear index had been high over the past one month and the volume traded had been same in the last one week but lower than previous. I dont know if buyers are more than sellers but I feel traders are getting more cautious even with the consistent rise in price. They think if the price is not controlled from here the dip might be more than what they want but we will wait into the middle of the month because January has not been an active market in the past.

The index will show you a general trend. In bear market it used to be in fear/extreme fear for months and in bull it's the other way round. Thinking that extremes mean immediate correction will only get you to lose money. In general there's 2 simplest ways one can trade here. You either sell a bit at each important step like 25k, 30k, 35k, and gradually exit as price goes up, or ride it all the way up until you see a double top or first signs of a crash. I'm still holding and don't believe we're in the last stage of a FOMO yet.

ololajulo

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The greed and fear index had been high over the past one month and the volume traded had been same in the last one week but lower than previous. I dont know if buyers are more than sellers but I feel traders are getting more cautious even with the consistent rise in price. They think if the price is not controlled from here the dip might be more than what they want but we will wait into the middle of the month because January has not been an active market in the past.

blue Snow

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Quote from: Bitcoin-Pro on December 29, 2020, 08:28:34 AM

i sold all my bitcoins. i may buy it again when it fall to $6k Grin

i think most people are smarter than before. after many FOMO with such crypto projects.

$6k in your dream my friend, we won't see again price under $25K. believe me, "most people are smarter than before" like you said.

Quote from: acener on January 01, 2021, 03:34:01 AM

I think FOMO started when we enter $20K and up till now.
I am waiting for the correction but it seems that it wouldn't happen anytime soon so might as well enjoy it right now.
The price looks like it would continue to grow more specially if we would get more positive news like big names entering Bitcoin.

look like FOMO doesn't start yet. people with small money aren't starting buy yet, they still watching the whales Bitcoin in the market. you should be waiting for correction until 50k I guess Grin

Quote from: Rovega on January 01, 2021, 05:45:09 AM

I still have a lot to know and I want to learn something else too to really convince me to be able to invest in cryptocurrency so as not to lose too much from my investment in the future.

they aren't getting any lost at the moment, people who bought at ATH 2017 got the profit right now, so explain to me what lose you mean?

xSkylarx

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FOMO will really happen if bitcoin's price will continuously increase. Add to that are the big institutions investing in it and speculations of many people that are saying it will reach this particular price.
People who don't have bitcoin are easily attracted to buy wanting to earn some good profit. If the market doesn't go well and it starts dumping hard then what happened way back 2017 could happen again leaving many people in a big disappointment.

mich

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Quote from: Wysi on December 28, 2020, 01:51:42 PM

We might come across so many users posting unrealistic predictions about Bitcoin. We have already witnessed this during December 2017, so please be more cautious than ever before you invest into bitcoin by doing your own research and if you are ready for a long term investment then you may think of investing so that even during worst case situation you will get back your returns just like those invested during last peak and hodled it got it now. If you are looking for short term gain then give it a second thought.

Well I think what really matters here is what you would consider of being a 'unrealistic predictions about Bitcoin'. I think 100k each coin is not going to happen but a price of 40k for coin is possible I believe.

Is this is considered being guilty of FOMO then well it is not something I am doing on purpose. Its just a really strong belief and possible reality for the price. There are many factors that lead me to this conclusion.

For anyone thats saying how Bitcoin will be impossible for the price to double by end of this year then they dont really understand how history and the halving will effect price.

bjorn.l.42

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Indeed the time to get in was when everyone thought bitcoin was burst. BUT there is a massive correction coming soon, very likely. follow my analysis https://www.facebook.com/BLCrypto/posts/104844901555486

Topic: FOMO has started for Bitcoin (Read 729 times)