FOMO has started for Bitcoin - page 3.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Wysi on December 31, 2020, 05:28:57 PM

You nailed it, it's common for most of us to be carried away by FOMO but what I don't understand over her is the fact we don't learn anything from the past. I know Bitcoin is really bullish nowadays as it was in 2017 when most of the users invested at peak before it crashed, now I don't think Bitcoin will crash anytime sooner but still users should understand they have missed the most profitable investment opportunity.

our situation in crypto is different as compared to 2017. the use case has grown also and more institutions are now trusting their funds to crypto esp in btc. btc price may go down again but this time, i believe it will not be that low as what we had suffered in 2018. maybe we will stay above 20k in the coming months. the btc market is really interesting to follow esp if you have btc stash sitting in your wallet.
after couple of months, let's see what will be the btc price and how it is doing in terms of adoption in the market.

Shasha80

sr. member

Activity: 1876

Merit: 318

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.

Wysi

sr. member

Activity: 1638

Merit: 261

You nailed it, it's common for most of us to be carried away by FOMO but what I don't understand over her is the fact we don't learn anything from the past. I know Bitcoin is really bullish nowadays as it was in 2017 when most of the users invested at peak before it crashed, now I don't think Bitcoin will crash anytime sooner but still users should understand they have missed the most profitable investment opportunity.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: Upgrade00 on December 28, 2020, 02:40:00 PM

I call this 'chasing a bull run'. Some people would wait through the bear market, but attempt to buy in when the price is already picking up momentum and we are looking to get into a bull run.

This is the mistake of many a newbie. Those who do this think that when the market is flat that those crashed coins/tokens won't rise again. It's fear that makes investors do this. Their inexperience makes them wait for a rush to buy in order not to miss out. But the true position of things should be to become weary when everyone is rushing in to buy. The tight time to buy Bitcoin or any crypto is when that particular crypto is getting nice reviews before price starts moving. The rumour of war should get people prepared and not the war itself. But crypto veterans know this game that Bitcoin can never disappear and so they wait to stock their hodlings at each major corrections; not after that.

mezzaluna

member

Activity: 518

Merit: 23

★Bitvest.io★ Play Plinko or Invest!

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.

There are always lots of speculations about Bitcoin losing its value because that is what other people want. New users are already scared to jump into this industry just because they are saying that they will not be able to jump into the trend which is happening but they are just missing out on the things of what could have happened and there are also old users that are unwilling to return because they are saying that it will just drop to nothing.

The reason for the is FOMO and yeah, everybody will experience it but we must stay calm since what we need to do is just do things normally and keep reading news on what would possibly happen within this industry.

finaleshot2016

legendary

Activity: 1778

Merit: 1009

Degen in the Space

FOMO does really exist in different matters as long as the individual is not informed about those things. FOMO happens right now because they feel that the hype will still go on and they feel that they will survive even they're too late to invest in bitcoin right now.

If they want to invest, they should've entered at the right time or maybe try short-term investment to gain profits, it's not recommendable to invest in something that is already started a long time ago.

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

Short term investment is the best thing to choose for now, also you may need to set the stop loss positive when you get profit. Indeed, the current condition still give a good effect for bitcoin moreover the US government still have a possibilities to give another stimulus which mean that can make bitcoin price up more than now. The decreased price after the bull run still seems to haunt many investors. No wonder when bitcioin touches a psychological price its price will fall rapidly.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

It looks like FOMO hadn't stopped yet. Bitcoin price now climbed $28k+, We might see $30kish Bitcoin on the first week of 2021 and that would be a great Happy New Year blow out for the BTC holders.

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

Well, I hope you are able to buy at that price, maybe wait after this bull run and double your target price Wink

.

kentrolla

hero member

Activity: 1652

Merit: 569

Catalog Websites

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.

Exactly, predictions these days are beyond thinking as institutional investors are buying BTC everyone comes up with different predictions like BTC might reach 100k, looks like this is suppose to happen in couple months and they don't want to see drop. And yes like you said if someone is planning for long-term investment just go ahead even now the price is yours, short-term investors want to accumulate small profits so they want to be more proactive after investing. Because anything might happen as the price is already in extreme peak.

AicecreaME

sr. member

Activity: 2436

Merit: 455

Quote from: Upgrade00 on December 28, 2020, 02:40:00 PM

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

If you are looking for short term gain then give it a second thought.

I call this 'chasing a bull run'. Some people would wait through the bear market, but attempt to buy in when the price is already picking up momentum and we are looking to get into a bull run. It's very risky and one can easily lose money trying this. If you jump in too early you could find yourself at the top of a spike (not the bottom of a rally) such as what we experienced multiple times in the last months, and if you wait too long you could miss the bull run completely.

The best time to buy is during a dip, the second best time is whenever you are convinced of it. Just make sure you're investing amounts you can afford to lose.

Well that's because people are doubting Bitcoin whenever its price is in the bearish market, maybe what they have in mind is that Bitcoin is going to be devalued or something crazy. So waiting in the bull market is their only choice to buy Bitcoin as an investment, which is not profitable. The combination of FUD and FOMO will just burn your capital especially if you always wanted to cash out your Bitcoin whenever its price go down even a little bit.

Bitcoin-Pro

member

Activity: 320

Merit: 18

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.

pealr12

hero member

Activity: 1946

Merit: 502

Quote from: Mulann2 on December 29, 2020, 08:01:36 AM

it won't be goon for people to fomo into buying btc at there very high price, the market is not certain, although many people think it will go even higher but there is the possibility that it will go low as a result of the continuous price pump, i know it is very tempting but i would rather wait and watch will happen by January before buying.

it is hard to stay on the side line and watch while the btc market is looking more and more tempting, the truth is, if you already had some btc it is easy to be calm but if don't have btc at all the only thing that will keep coming to mind is buy to enjoy the ride with others, i can't really blame some people who will fomo in and take the chance, some risk can be worth it while others are not, but if you don't take risk at all you will never know.

Mulann2

member

Activity: 686

Merit: 35

it won't be goon for people to fomo into buying btc at there very high price, the market is not certain, although many people think it will go even higher but there is the possibility that it will go low as a result of the continuous price pump, i know it is very tempting but i would rather wait and watch will happen by January before buying.

bassbity

sr. member

Activity: 1092

Merit: 284

It is true that we cannot easily fall by FOMO which is hot to our ears. Indeed, looking at the price of bitcoin, WHO is not tempted. of course everyone will be easily attracted, but behind this we must be able to control our emotions when making decisions.

Alucard1

full member

Activity: 574

Merit: 125

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, it started a long ago and still continuous until now, well, we cannot blame those people because we can force them what to believe and not to believe. If you are a strong believer of bitcoin then for sure you are investing for the long term, that is what a strong believer of bitcoin does.

davis196

hero member

Activity: 3164

Merit: 937

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 FOMO phase in the Bitcoin market has started a week ago,so you are kinda late with this conclusion.
Every prediction about the future of Bitcoin and the BTC price is more or less unrealistic.No trader or investor in the world will base his buying decisions on other people's predictions about the price of any asset.Perhaps only the amateurs and newbies will decide to buy BTC,only because some random "analyst" on the internet tells them to do so.

irixo10

full member

Activity: 1078

Merit: 104

GoMeat - Digitalizing Meat Stores - ICO

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, in as much as people will fomo but I hardly think they will do so like those of 2017 this is because by now I believe a lot of people have learnt a very good lesson about Bitcoin and chasing a pump. Also, I agree with you, that anyone thinking of buying Bitcoin now should be sure he is a long term holder so that when the price drops he won't be bothered but rather wait for the next bull run, which might take time or might not. Secondly, I think people should be careful of the unrealistic predictions as well, because it is a huge trap set to get those who hardly study the market and past experiences; if they can selling a portion when in profit is also good. Lastly, in whichever case, I also find it very important to invest only the amount one can afford to lose and not his entire savings, such that when Bitcoin dumps like that of 2017, the person won't join the bandwagons to call the crypto space names.

maxreish

sr. member

Activity: 1330

Merit: 326

Quote from: Dutchyyy on December 28, 2020, 07:15:35 PM

Not everyone is going FOMO.

I sold 4/5 of mine to stable coins as I decided to cash out on fiat profit and live with my decision. I don't plan to re-buy at this price. Of course, if some miracle happens and Bitcoin drops under $18k, I will enter again.

Same, mate. Sold 1/4 of my btc holdings when it reached $19k. Still have btc holdings and planning to sell that off again or maybe convert it too into stable coins when it reached my target price. Been a long term holder since 2018 and it's time for me to enjoy some hood profits from this bullish market.

So many predictions are circulating but yeah corrections and sideways are expected to happen. Let us not forget that we are still in unstable btc market so it's significant we integrate some back up plans before it's too late.

pooya87

legendary

Activity: 3472

Merit: 10611

FOMO buying takes place each time a resistance is broken specially if before its breaking there were a long accumulation phase. For instance back when price was in $3k range for a long time and $4k was the resistance, after it broke there was a massive FOMO.
These days there aren't any major resistances yet ever since $20k (the last major resistance) was broken and since there isn't any long accumulation phases (only short ones) there isn't any major FOMO going on either.
Besides the real wide spread FOMO only takes place near the end of the bull run during the time price enters the peak of the bubble which is not going to happen for at least a year.

Dutchyyy

legendary

Activity: 1197

Merit: 1001

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.

Not everyone is going FOMO.

I sold 4/5 of mine to stable coins as I decided to cash out on fiat profit and live with my decision. I don't plan to re-buy at this price. Of course, if some miracle happens and Bitcoin drops under $18k, I will enter again.

Topic: FOMO has started for Bitcoin - page 3. (Read 738 times)