FOMO has started for Bitcoin - page 4.

NotFuzzyWarm

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Those unrealistic prediction will soon become reality, when it hits a supply shock and there's no more BTC to mine.

Er?
The amount of BTC being mined has nothing to do with how much is available for trade. And ya do know that it will be over 100 years before the last Bitcoin is mined, right?

Twentyonepaylots

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Some people who are FOMOed right now are in no fault of their own. Some people just did not have the mondy at the time to buy themselves a share. Instead, let us encourafe them to buy when ths time is right. That will help a lot of us gain friends and allies hers at the crypto industry.

Quote from: aesma on December 28, 2020, 06:33:00 PM

Being a nocoiner right now must be a bad feeling. That's why I avoid talking about the BTC price to friends and family, as I know most are nocoiners (even the ones I have gifted some BTC, that they have sold since then !). I would certainly not advise someone to buy in right now, except in small, regular amounts.

Some people just happen to not havs ths chance t buy it months ago. Don't sweat it. Our chance will come around and it will be explosive. With the help from some of the people here at this forum, of course. This goes out to all of the people who are regretful for not buying or not being able to buy bitcoins months ago.

Zemomtum

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A lot of newbies will FOMO with this current rally, there will be some prediction that will be so good no to be ignored so we need to watch out. Do not base your financial judgment on someone's opinion or prediction. Be responsible

aesma

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Being a nocoiner right now must be a bad feeling. That's why I avoid talking about the BTC price to friends and family, as I know most are nocoiners (even the ones I have gifted some BTC, that they have sold since then !). I would certainly not advise someone to buy in right now, except in small, regular amounts.

Sadlife

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If you think that Bitcoin is an pump and dump coin like any other Crypto asset. That's where you're wrong my friend, if you know how Bitcoin really works and how dollar is printing unlimited money then you'd know which is really valuable. In fact you should caution yourself against the incoming financial crisis. Those unrealistic prediction will soon become reality, when it hits a supply shock and there's no more BTC to mine. I'm never selling my BTC and cost dollar averaging weekly.

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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.

Even in the bearish time, there were a lot of predictions that have been given and those were positive predictions and high as we can't think. We've learned a lot in the past 2017 and 2018 bears, and to take decisions this time is also hard. But if you took profit at these $20kish prices, that's already a good chunk to take with you. But going with the long term is going to be the most rewarding, only if you believe in bitcoin and what's waiting ahead of time.

2double0

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FOMO has always been there but in the hearts of those who knew that when btc comes down, it will go up one day and they have bought very early. Today's FOMO will only be in newbie investors who should seek some knowledge before investing in btc or any cryptocurrencies. A shout-out to those who are still buying at this peaky high price and dare to challenge newer highs.

Jating

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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.

FOMO started since we hit $10k, specially when the news broke out of institutions and companies putting their reserved assets in bitcoin. So this is very different from 2017, wherein there are a lot of irrational buyers and even if we already reached the bubble, still many people buying bitcoin because they think it will go to $50k.

But this time, as I have said before, bitcoin's narrative is flipping from a speculative asset to hedge against government QE and worsening market or financial situations.

Silberman

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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.

That is just the way things are, many people that were not interested in the market before are showing interest now, and while this will bring a lot of money to the market at the same time I am sorry for those people as most likely they do not really know what they are getting into, they think they are getting in an asset that cannot make them lose money, when in reality if at any moment we see a reversal the market conditions could change relatively quickly and the price could crash as a result of this and make them lose money in the process.

Hypnosis00

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Ain't that surprise me why many people come into crypto and invest when the market is in the bullish season because they wanted after investing, they gain money back shortly. I really don't think it was a smart idea especially when you are buying at its peak period just like now, he might face a huge risk and possible losses will come into them if the market dumps right after the trade.
I could say that people aren't yet learning from the mistakes of last 2017 or they are just risk-takers, totally.

dothebeats

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Yeah at this point everyone is going full-FOMO on bitcoin due to the records it was smashing and the gains it has been posting as of late. I also warned people about some ponzi scams using the name of cryptocurrencies in order to gain more and more ‘investors’ for their scams. There’s a lot going on in the crypto scene that the average Joes looking into investing with bitcoin must be aware of before pullig the trigger. Caveat emptor. People should be vigilant on making such rash decisions since it can lead to huge financial losses in the end.

nelson4lov

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Earlier this week, I met someone in my locality that made absurd predictions for Bitcoin's price in the coming year. He predicted that Bitcoin would be priced anywhere between $250K to $400K with a marketcap above that of gold. While I'd really like to see this come to a reality, I can't get over excited and forget that the market doesn't always move in one direction. Since it's been trending for several months now, there would be time for correction too and I don't want to be caught with my pants down when that happens. I learnt a lot from the previous bull run and I'm not willing to make such mistakes this time.

Hamphser

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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.

Depends on what you are aiming for and if you do go for long term then you wouldnt mind on when you had bought bitcoin in spite of its price since you wouldnt care at all
but its really to ignore when the market declines because your emotion would be the number one thing that pops out within that time.In possible result then you might really
be making some decisions regarding to it neither you do panic sell or would just simply hold no matter what.It will vary on self discipline and control on someone because not
all would really be having the same level of control towards their investment.Of course we would really be needing some second thoughts before making any decision.

Wysi

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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.

I got your point and that's what I am trying to portray here as the Bitcoin market is already at peak of bullrun and it's too risky for new investment unless it's from an institution. What concerns me more than the market situation is the random posts speculating bitcoin to reach over $100k without any logic or reasoning behind their post.

Upgrade00

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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.

Wysi

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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.

Topic: FOMO has started for Bitcoin - page 4. (Read 729 times)