FOMO Infecting Traditional Finance | Bitcointalksearch.org

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Quote from: FoxTheHuman on October 19, 2017, 08:23:39 AM

Quote from: iamTom123 on October 19, 2017, 07:43:50 AM

Quote

Ami Ben David, co-founder of venture capital fund Spice, argues that there has been a noticeable shift in the attitude of traditional finance towards cryptocurrencies in the past 12 months, driven by "fomo".

"A year ago they didn't know about it, six months ago they thought it was a scam and now they realize they simply just don't understand it and are starting to get nervous and want to learn about it," he says.

"There is definitely an element of fomo. People have been told by their advisers, 'Don't touch it! It's a bubble!', and now they are upset they might have already missed it."

Source.

As one of the most popular saying goes: "If you can beat it, then join it." This seems to be what many those involved in many financial firms can be thinking right now after watching and then realizing that Bitcoin will never go away even under so many uncalled for threats and unnecessary trials. The things and people that are not able to kill Bitcoin are the same that made Bitcoin stronger and more resilient.

It would then be easy to predict that soon we can see a critical mass of people from the Wall Street joining the Bitcoin bandwagon. Who would not want to be left out especially so if we are talking here of potential profits. These people -- well just like you and me -- are all motivated by greed. And they must have clients who are already inquiring about Bitcoin and other cryptocurrencies and they can be able to make some ride.

The value increases too fast and for a short time it is the expression of the bubble (everyone sees this). When you want to invest in it but you do not buy it at high prices and are afraid of risk, so it will explode that is normal. Those who take risks and they believe in it, they will achieve success and people who ignore the opportunity will lose it.

The longer Bitcoin's price will be sustained on current level or at least not drop below $4,000-3,000 - the less weight "it grows too fast so it's a bubble" argument will have. For Bitcoin, stability and not crashing are as bullish as getting some 10-20% gains in a day. Maybe it's true that trditional finance already feels the FOMO, maybe most of them listen too much to people like Jamie Dimon, but eventually Bitcoin will be widely recognized and no longer be some risky new tech that is hard to understand.

nl247

full member

Activity: 518

Merit: 145

Who would ever want to miss out in the first place, most especially when you know you have gullibly missed the first few trains? Apparently, most of us are in this category, no doubt! So many of us knew about bitcoin and then we decided not to care or probably listen to jargon uttered by the hypocrites who never wanted it to work and we ignored.

Few years later, only to see it still growing pretty fast and then our head became clear to want to know more and quickly join the train as the Fear Of Missing Out keeps growing in our minds.

It is just one normal thing about life that cannot be discarded, there will always be FOMOs as most humans are only fond of following the crowd.

Razick

legendary

Activity: 1330

Merit: 1003

Quote from: iamTom123 on October 19, 2017, 07:43:50 AM

Quote

Ami Ben David, co-founder of venture capital fund Spice, argues that there has been a noticeable shift in the attitude of traditional finance towards cryptocurrencies in the past 12 months, driven by "fomo".

"A year ago they didn't know about it, six months ago they thought it was a scam and now they realize they simply just don't understand it and are starting to get nervous and want to learn about it," he says.

"There is definitely an element of fomo. People have been told by their advisers, 'Don't touch it! It's a bubble!', and now they are upset they might have already missed it."

Source.

As one of the most popular saying goes: "If you can beat it, then join it." This seems to be what many those involved in many financial firms can be thinking right now after watching and then realizing that Bitcoin will never go away even under so many uncalled for threats and unnecessary trials. The things and people that are not able to kill Bitcoin are the same that made Bitcoin stronger and more resilient.

It would then be easy to predict that soon we can see a critical mass of people from the Wall Street joining the Bitcoin bandwagon. Who would not want to be left out especially so if we are talking here of potential profits. These people -- well just like you and me -- are all motivated by greed. And they must have clients who are already inquiring about Bitcoin and other cryptocurrencies and they can be able to make some ride.

You messed up literally from the first sentence.

The saying is "If you can't beat them, then join them" OR "If you can't beat it, then join it" and you wrote "If you can be it, then join it" which makes absolutely no sense. hahaha

Anyways I still get what you are saying and it is pretty obvious in my opinion. The higher ups are starting to realize the value of crypto and starting to dip their toes in the water, so-to-speak.

ekoice

hero member

Activity: 742

Merit: 500

Definitely,wall street people are also humans.So,they too are greed and don't want to be left backward in the race of bitcoin.Earlier,they tried lots of methods to destroy bitcoin and they didn't really expect this gigantic growth from bitcoin.

Even we just came to know that jamie dimon who tweeted bitcoin as a fraud and made bitcoin price to crash also bought considerable number of bitcoins.Definitely,now most of them have been caught under the FOMO and this time,they don't want to miss the train just for the reason that they belong to the traditional financing sector.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

It is not too late to think about what bad you have to say about bitcoin, because bitcoin right now is in a smooth sailing against the current of waves in the ocean on digital currency, they have realize what they did and what negative comments they give about bitcoin that is why they know to their self that they can not make the price of bitcoin go down any more that is why they surf in the ocean of waves with this crypto.

FoxTheHuman

full member

Activity: 238

Merit: 100

Quote from: iamTom123 on October 19, 2017, 07:43:50 AM

Quote

Ami Ben David, co-founder of venture capital fund Spice, argues that there has been a noticeable shift in the attitude of traditional finance towards cryptocurrencies in the past 12 months, driven by "fomo".

"A year ago they didn't know about it, six months ago they thought it was a scam and now they realize they simply just don't understand it and are starting to get nervous and want to learn about it," he says.

"There is definitely an element of fomo. People have been told by their advisers, 'Don't touch it! It's a bubble!', and now they are upset they might have already missed it."

Source.

As one of the most popular saying goes: "If you can beat it, then join it." This seems to be what many those involved in many financial firms can be thinking right now after watching and then realizing that Bitcoin will never go away even under so many uncalled for threats and unnecessary trials. The things and people that are not able to kill Bitcoin are the same that made Bitcoin stronger and more resilient.

It would then be easy to predict that soon we can see a critical mass of people from the Wall Street joining the Bitcoin bandwagon. Who would not want to be left out especially so if we are talking here of potential profits. These people -- well just like you and me -- are all motivated by greed. And they must have clients who are already inquiring about Bitcoin and other cryptocurrencies and they can be able to make some ride.

The value increases too fast and for a short time it is the expression of the bubble (everyone sees this). When you want to invest in it but you do not buy it at high prices and are afraid of risk, so it will explode that is normal. Those who take risks and they believe in it, they will achieve success and people who ignore the opportunity will lose it.

Almat

sr. member

Activity: 254

Merit: 250

It's pretty hard to blame people. Unlike social fomo, where you miss out on a night out or something, you can potentially miss out on thousands of dollars here. People are going to want to jump in.

FoxTheHuman

full member

Activity: 238

Merit: 100

Quote from: iamTom123 on October 19, 2017, 07:43:50 AM

Quote

Ami Ben David, co-founder of venture capital fund Spice, argues that there has been a noticeable shift in the attitude of traditional finance towards cryptocurrencies in the past 12 months, driven by "fomo".

"A year ago they didn't know about it, six months ago they thought it was a scam and now they realize they simply just don't understand it and are starting to get nervous and want to learn about it," he says.

"There is definitely an element of fomo. People have been told by their advisers, 'Don't touch it! It's a bubble!', and now they are upset they might have already missed it."

Source.

As one of the most popular saying goes: "If you can beat it, then join it." This seems to be what many those involved in many financial firms can be thinking right now after watching and then realizing that Bitcoin will never go away even under so many uncalled for threats and unnecessary trials. The things and people that are not able to kill Bitcoin are the same that made Bitcoin stronger and more resilient.

It would then be easy to predict that soon we can see a critical mass of people from the Wall Street joining the Bitcoin bandwagon. Who would not want to be left out especially so if we are talking here of potential profits. These people -- well just like you and me -- are all motivated by greed. And they must have clients who are already inquiring about Bitcoin and other cryptocurrencies and they can be able to make some ride.

The value increases too fast and for a short time it is the expression of the bubble (everyone sees this). When you want to invest in it but you do not buy it at high prices and are afraid of risk, so it will explode that is normal. Those who take risks and they believe in it, they will achieve success and people who ignore the opportunity will lose it.

iamTom123

hero member

Activity: 490

Merit: 501

Quote

Ami Ben David, co-founder of venture capital fund Spice, argues that there has been a noticeable shift in the attitude of traditional finance towards cryptocurrencies in the past 12 months, driven by "fomo".

"A year ago they didn't know about it, six months ago they thought it was a scam and now they realize they simply just don't understand it and are starting to get nervous and want to learn about it," he says.

"There is definitely an element of fomo. People have been told by their advisers, 'Don't touch it! It's a bubble!', and now they are upset they might have already missed it."

Source.

As one of the most popular saying goes: "If you can beat it, then join it." This seems to be what many those involved in many financial firms can be thinking right now after watching and then realizing that Bitcoin will never go away even under so many uncalled for threats and unnecessary trials. The things and people that are not able to kill Bitcoin are the same that made Bitcoin stronger and more resilient.

It would then be easy to predict that soon we can see a critical mass of people from the Wall Street joining the Bitcoin bandwagon. Who would not want to be left out especially so if we are talking here of potential profits. These people -- well just like you and me -- are all motivated by greed. And they must have clients who are already inquiring about Bitcoin and other cryptocurrencies and they can be able to make some ride.

Topic: FOMO Infecting Traditional Finance (Read 230 times)