Topic: FOMO has started for Bitcoin - page 2. (Read 729 times)
Sometimes, without doing research, many traders buy coins first, just because they are affected by FOMO. Ultimately purchase coins that for HODL, they are appropriate, and cause us to experience losses because we really choose the wrong coins. If you are planning to invest. In order to be sure of the potential of the coins we buy, you must always do your own research and analysis. It is very important for investors to choose coins that are worth purchasing. Don't be lazy about doing research and analysis.
What makes someone impatient is that FOMO, which simply contains no nonsense noise, is easily swayed by it. We have to follow FOMO, but only as an illustration that the crypto is busy with visitors, not to be swallowed up. You also have to look at different crypto backgrounds, so choosing crypto does not necessarily have to be based on FOMO. But what should be noted is that the investment isn't about your big funds, but by making a profit, you can manage the smallest funds.
No need to be surprised if FOMO has started to happen, who is not interested in seeing the price of Bitcoin skyrocket. Even my friends and
family have become FOMOs, even though I have advised that the current Bitcoin price is too high and there has been no correction until now.
So of course the risk is huge if they buy Bitcoin at the current price. But most people can no longer be advised when they are overcome by greed.
family have become FOMOs, even though I have advised that the current Bitcoin price is too high and there has been no correction until now.
So of course the risk is huge if they buy Bitcoin at the current price. But most people can no longer be advised when they are overcome by greed.
Currently the fomo is limited to institutions only and they do not want to be left behind in collecting bitcoin as bitcoin is a scare/limited asset. Retail fomo will also come soon as bitcoin price will cross 30,000$ and above. This bull market will continue till the end of 2021 and may expand to 2022 also.
FOMO hasn't started yet, because the market hasn't shown signs of sideway deviation. There is continued progress in the price. Now it has crossed the $29500 barrier which is big.
People will continue to keep hold when the price is on the rising trend. When there is drop/hard fluctuation people panic about missing the opportunity to sell at higher price. This is where panic sell gets initiated and cause market decline out of FOMO.
People will continue to keep hold when the price is on the rising trend. When there is drop/hard fluctuation people panic about missing the opportunity to sell at higher price. This is where panic sell gets initiated and cause market decline out of FOMO.
FOMO made me buy bitcoin at 28000 and sold them at 29500 and again made me buy for 29400 and I'm not regretting yet.
Though I should be clear that I'm not playing with all my money here. 80% of my cryopto balance now resides as stable coin while I'm betting the rest 20% for a price of 31K for bitcoin. And to add up, I have zero altcoin balance at the moment.
It is because you are aiming for short term which helps you a lot, but if the case is otherwise then that means that you might lose a lot of money and the time it takes to get a decent profit will be long. That is a good thing that you are splitting your coins, mine is on a safer side of 50/50. To other people that reads this, this might work for me but not for you same as the quote above, do your own research because the decision fall on you in the end. Though I should be clear that I'm not playing with all my money here. 80% of my cryopto balance now resides as stable coin while I'm betting the rest 20% for a price of 31K for bitcoin. And to add up, I have zero altcoin balance at the moment.
FOMO made me buy bitcoin at 28000 and sold them at 29500 and again made me buy for 29400 and I'm not regretting yet.
Though I should be clear that I'm not playing with all my money here. 80% of my cryopto balance now resides as stable coin while I'm betting the rest 20% for a price of 31K for bitcoin. And to add up, I have zero altcoin balance at the moment.
Though I should be clear that I'm not playing with all my money here. 80% of my cryopto balance now resides as stable coin while I'm betting the rest 20% for a price of 31K for bitcoin. And to add up, I have zero altcoin balance at the moment.
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.
There is nothing wrong in going for short-term investment, if you have a well defined strategy. Take the current bull run for example. Those who went for short-term investment three months ago would have got around 200% returns by now. But don't expect the prices to always move in one direction. We didn't had a major correction for some time now. And when it occurs, it will be very sharp and going to last for a few months at least.
Complex market needs better solution and one of the obvious answer was that "institutions" entering the market.
I second this, and this has made me believe that this is going to be different from previous highs/peak, imo, the Bitcoin network is much more stronger and even if there is to be a dip, it would not be too much to cause fright amongst newcomer investors. FOMO could actually not be a bad thing at this very point as it's possible we may not see Bitcoin below this very mark for a while, and not buying now could actually mean buying at a much very high price, I may just be over optimistic as a result of my proclivity towards Bitcoin, but I believe in the network, and I followed carefully it's growth in 2020, Btc could do crazy things in 2021, so don't be scared to buy or to hodl.
I agree with OP here. Every time BItcoin breaks an important level all the best analysts like Tom Lee come out of the woodwork.
https://u.today/fundstrats-tom-lee-expects-bitcoin-to-soar-300-percent-in-2021-as-it-hits-29000
For those who don't remember, he was the guy who in 2017 predicted bitcoin would go past 20000 and later in 2018 said the price would correct to 10000 and then go back above 20.
I'd love his predictions to come true buy he used to be more wrong than right in the past years.
https://u.today/fundstrats-tom-lee-expects-bitcoin-to-soar-300-percent-in-2021-as-it-hits-29000
For those who don't remember, he was the guy who in 2017 predicted bitcoin would go past 20000 and later in 2018 said the price would correct to 10000 and then go back above 20.
I'd love his predictions to come true buy he used to be more wrong than right in the past years.
No need to be surprised if FOMO has started to happen, who is not interested in seeing the price of Bitcoin skyrocket. Even my friends and
family have become FOMOs, even though I have advised that the current Bitcoin price is too high and there has been no correction until now.
So of course the risk is huge if they buy Bitcoin at the current price. But most people can no longer be advised when they are overcome by greed.
family have become FOMOs, even though I have advised that the current Bitcoin price is too high and there has been no correction until now.
So of course the risk is huge if they buy Bitcoin at the current price. But most people can no longer be advised when they are overcome by greed.
You are right about this, maybe this is a lesson for beginners like me, to know things like this, 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.
I think FOMO started when we enter $20K and up till now.
I am waiting for the correction but it seem's 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.
I am waiting for the correction but it seem's 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.
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.
thats because the value of bitcoin is high again and people easily got magnetize thru it but watch when the value falls again and the interest are also starting to loosen up but why we only have 31 percent interest now when the price of btc is more than what 2017 have achieved ?and the rise happened for a longer time now , i think thats enough observation for people to get in but this can prolly increase if the condition of btc wont change
It is not as bad as the last one back in 2017, but it is starting. I have already seen multiple topics where people are asking if they should start investing now. Clearly it looks like they just want to jump all in or else they feel like they are going to miss a chance. These all are fueled by other people where they are making unrealistic predictions and newbies are falling for it.
Bitcoin becomes so attractive for many people in a different country, the inflation of it makes the community bigger but there are still many people who keep on bashing the world of crypto because of thinking that it is a scam -snip-
Inflation? You might be wrong here. Bitcoin is considered as a hedge against inflation... 
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.
I've seen numerous prediction here in the forum already and in the internet. Many analysts have already shared their prediction throughout the years. Some of them are negative and some are positive. Either way I'm not following their predictions. As a long term holder, a bit of technical analysis will help you. Knowing the support might help you when to enter into the market.If you are looking for short term gain then give it a second thought.
Right now, short term gain might turn into a big losses because its hard to predict now where will Bitcoin be heading as it always move upwards and no correction. 
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.
Wait Price Correction that literally not happen right now bull trend still exist
if we look at the current price we can easily see that these price forecasts are no longer unrealistic. even a few years ago when Tom Lee was talking about $ 25,000 it seemed like a joke and today we are at $29,000 and it is at a level that is already impossible to fall below $25,000 or even below $20,000. we can say with certainty that it is going to $40,000 without any problem and it can even be said that it is impossible that it does not break $30,000. so I no longer see how these predictions can be unrealistic. can you tell what was the price forecast that you consider unrealistic
well you true bitcoin price is hard to predict before this i just thought that bitcoin price will hit 25.000 next year i mean this month, but december 2020 its already break 25.000 so its crazy
if we look at the current price we can easily see that these price forecasts are no longer unrealistic. even a few years ago when Tom Lee was talking about $ 25,000 it seemed like a joke and today we are at $29,000 and it is at a level that is already impossible to fall below $25,000 or even below $20,000. we can say with certainty that it is going to $40,000 without any problem and it can even be said that it is impossible that it does not break $30,000. so I no longer see how these predictions can be unrealistic. can you tell what was the price forecast that you consider unrealistic
FOMO towards BTC may not be as simple during 2017 bull run or even during 2019 when the price climbs back to 9k level. In fact, btc can go even further than that right now so its not about greedy its about knowing when and how. Complex market needs better solution and one of the obvious answer was that "institutions" entering the market.
1. Institution (done)
2. Adoption (in progress)
3. Application (in progress)
1. Institution (done)
2. Adoption (in progress)
3. Application (in progress)
We might come across so many users posting unrealistic predictions about Bitcoin.
if we look at the current price we can easily see that these price forecasts are no longer unrealistic. even a few years ago when Tom Lee was talking about $ 25,000 it seemed like a joke and today we are at $29,000 and it is at a level that is already impossible to fall below $25,000 or even below $20,000. we can say with certainty that it is going to $40,000 without any problem and it can even be said that it is impossible that it does not break $30,000. so I no longer see how these predictions can be unrealistic. can you tell what was the price forecast that you consider unrealistic
Indeed, it is recognized that many people are increasingly greedy with the current increase in the price of Bitcoin, so forget about the events
that occurred in 2017. So FOMO is happening now, therefore the increase in Bitcoin in December was very rapid. Many investors ended up
missing the opportunity to make a profit, so I decided to sell my Bitcoin as much as 50%. The rest I keep HODL in case Bitcoin continues to rise,
even if the price falls in the near future I will have made a profit. So what I did was a win win solution.
That is simple, make your money secured first rather than miss this opportunity. Greedy people will actually be foolish to think more and more without anticipating possible huge correction just like what 2017 gives a disappointing moment to the people and many had suffered losses as they think it moves beyond $20k. And from that scenario, I'll take much cautious this time, better secured that to cry in vain. Even though I have the money to invest right now but I think the risk to face, better wait for the market to calm down first. that occurred in 2017. So FOMO is happening now, therefore the increase in Bitcoin in December was very rapid. Many investors ended up
missing the opportunity to make a profit, so I decided to sell my Bitcoin as much as 50%. The rest I keep HODL in case Bitcoin continues to rise,
even if the price falls in the near future I will have made a profit. So what I did was a win win solution.
Jump to: