Topic: FOMO IS REAL (Read 2759 times)
Too many posters here be like
i personally prefer carrying around my bitcoin wallet rather than my physical wallet with Yen in it or a credit card,... for spending.
I feel the same way too, I would prefer to carry my old model smartphone with my bitcoin wallet on it than carrying my physical wallet.
When a price is seen rising people have a tendency to think that the bitcoin will increase further so they hurry to buy and create a buy panic with FOMO in their mind. They want to get in as soon as possible and have most of the stuff they can have.
That is the question..is the FOMO happening because of adoption.....I must FOMO before the price goes up due to adoption/demand in the future ..with limited coins and real world use
being the calculations on my FOMO and running to buy
or
is the FOMO mostly speculative...and not really needed all this hype/drama and speed to jump on the bitcoin train..in other words plenty of time yet at lower prices say for btc
so all this current FOMO is a bubble and not really needed to play 'catch up' as eveyone buying feeling because of FOMO
time will tell
chump or champ
i personally prefer carrying around my bitcoin wallet rather than my physical wallet with Yen in it or a credit card,... for spending.
I feel the same way too, I would prefer to carry my old model smartphone with my bitcoin wallet on it than carrying my physical wallet.
When a price is seen rising people have a tendency to think that the bitcoin will increase further so they hurry to buy and create a buy panic with FOMO in their mind. They want to get in as soon as possible and have most of the stuff they can have.
FOMO shouldn't just be viewed as desperate and sudden thing. Some investors (especially in Japan where some are more tech-savvy) are starting to realise that Bitcoin has a big future, as an asset or a currency or for wider applications or really anything else, and they're flowing in knowing that this will be a low price in a few years' time.
lets not forget that Japan was the land of Mt Gox and they took a big hit after the big scam and they were out of the game for a long time. and now they are coming back, with a lot more faith and surprisingly with an open arms.
and we won't probably see their effect this soon but it is there and there will be a solid rise in real demand for bitcoin as new people with new money come in.
and lets not forget that Japan will soon host the Olympics games and that will be a huge publicity to the whole world as people go there with their foreign money and "Bitcoin is accepted here" signs will be everywhere and easy for them to just use bitcoin instead of exchanging their money.
I doubt if "Bitcoin is accepted here" signs are ubiquitous enough for foreign tourists to use them. But if it does happen, especially before a big event like the Olympics, it could provide a big boost for Bitcoin. Of course, it depends on merchants not short-changing bitcoin users - i.e. not charging higher prices in bitcoins when compared to yen.
even if nobody uses it, and they just see the signs and start googling about bitcoin and see what it is and find out more about it, i say it is more than good enough.
besides i believe that no matter how the merchants are going to price their things they will still be more convinient to be bought with bitcoin than with Yen.
i personally prefer carrying around my bitcoin wallet rather than my physical wallet with Yen in it or a credit card,... for spending.
FOMO shouldn't just be viewed as desperate and sudden thing. Some investors (especially in Japan where some are more tech-savvy) are starting to realise that Bitcoin has a big future, as an asset or a currency or for wider applications or really anything else, and they're flowing in knowing that this will be a low price in a few years' time.
lets not forget that Japan was the land of Mt Gox and they took a big hit after the big scam and they were out of the game for a long time. and now they are coming back, with a lot more faith and surprisingly with an open arms.
and we won't probably see their effect this soon but it is there and there will be a solid rise in real demand for bitcoin as new people with new money come in.
and lets not forget that Japan will soon host the Olympics games and that will be a huge publicity to the whole world as people go there with their foreign money and "Bitcoin is accepted here" signs will be everywhere and easy for them to just use bitcoin instead of exchanging their money.
From the entire thread FOMO is exactly taking place with most users who are hard earning community through trading. As the uncertainty prevails throughout the fear accompanies the users. But to fall below $500 is not gonna happen as the growth seems sustained.
You guys have no idea of what FOMO actually looks like in a TA.
Maybe go back to playing wow in moms basement instead of sprouting this nonsense.
Maybe go back to playing wow in moms basement instead of sprouting this nonsense.
FOMO is exactly what XRP and STR look like in the graph. It is very scary to take part in it if you do not have any experience dealing with it. I am very sure many amateur traders are losing money right now who are tricked in buying at the top.
Kwukduck, what do you think of Bitcoin's price right now? Will it still crash below $500?
FOMO shouldn't just be viewed as desperate and sudden thing. Some investors (especially in Japan where some are more tech-savvy) are starting to realise that Bitcoin has a big future, as an asset or a currency or for wider applications or really anything else, and they're flowing in knowing that this will be a low price in a few years' time.
lets not forget that Japan was the land of Mt Gox and they took a big hit after the big scam and they were out of the game for a long time. and now they are coming back, with a lot more faith and surprisingly with an open arms.
and we won't probably see their effect this soon but it is there and there will be a solid rise in real demand for bitcoin as new people with new money come in.
and lets not forget that Japan will soon host the Olympics games and that will be a huge publicity to the whole world as people go there with their foreign money and "Bitcoin is accepted here" signs will be everywhere and easy for them to just use bitcoin instead of exchanging their money.
I doubt if "Bitcoin is accepted here" signs are ubiquitous enough for foreign tourists to use them. But if it does happen, especially before a big event like the Olympics, it could provide a big boost for Bitcoin. Of course, it depends on merchants not short-changing bitcoin users - i.e. not charging higher prices in bitcoins when compared to yen.
FOMO shouldn't just be viewed as desperate and sudden thing. Some investors (especially in Japan where some are more tech-savvy) are starting to realise that Bitcoin has a big future, as an asset or a currency or for wider applications or really anything else, and they're flowing in knowing that this will be a low price in a few years' time.
lets not forget that Japan was the land of Mt Gox and they took a big hit after the big scam and they were out of the game for a long time. and now they are coming back, with a lot more faith and surprisingly with an open arms.
and we won't probably see their effect this soon but it is there and there will be a solid rise in real demand for bitcoin as new people with new money come in.
and lets not forget that Japan will soon host the Olympics games and that will be a huge publicity to the whole world as people go there with their foreign money and "Bitcoin is accepted here" signs will be everywhere and easy for them to just use bitcoin instead of exchanging their money.
Never thought about the Olympics. Very interesting indeed.
Japan has had almost 3 centuries of economic decline, 0% interest rates and a weakening currency. Bitcoin is their new gold.
Does anyone have an idea whether Litecoin is accepted too over there?
If bitcoin becomes the frontrunner for daily transactions new people may get scared because it's slow and expensive.
FOMO shouldn't just be viewed as desperate and sudden thing. Some investors (especially in Japan where some are more tech-savvy) are starting to realise that Bitcoin has a big future, as an asset or a currency or for wider applications or really anything else, and they're flowing in knowing that this will be a low price in a few years' time.
lets not forget that Japan was the land of Mt Gox and they took a big hit after the big scam and they were out of the game for a long time. and now they are coming back, with a lot more faith and surprisingly with an open arms.
and we won't probably see their effect this soon but it is there and there will be a solid rise in real demand for bitcoin as new people with new money come in.
and lets not forget that Japan will soon host the Olympics games and that will be a huge publicity to the whole world as people go there with their foreign money and "Bitcoin is accepted here" signs will be everywhere and easy for them to just use bitcoin instead of exchanging their money.
You guys have no idea of what FOMO actually looks like in a TA.
Maybe go back to playing wow in moms basement instead of sprouting this nonsense.
Maybe go back to playing wow in moms basement instead of sprouting this nonsense.
FOMO had stopped, for now. People were afraid that bitfinex users were going to buy all the bitcoins because they were so hungry for the bitcoins. Pun intended.
Now there will be a testing of the nerves with the double top that just had brewed. Thighten your seat belts boys. Holders gonna hodl, panicers going to panic and people buying low going to buy low.
I do not see the bear market in the near future but I hope to see some option of relativly cheap coins.
Now there will be a testing of the nerves with the double top that just had brewed. Thighten your seat belts boys. Holders gonna hodl, panicers going to panic and people buying low going to buy low.
Quote
We don't know when we'll next see a bear market, and by the time we do it'll probably happen when the price has reached much, much higher and this current price seems low.
I do not see the bear market in the near future but I hope to see some option of relativly cheap coins.
I am no selling shit.
HOLD!!
I wouldn't sell too. Real FOMO is still far away. Right now wemay see some correctiona and consolidation which isn't bad. At the weekends it's mostly pretty quiet.
Furthermore you can think about selling when you see the next spike in google trends. At least I use this as an indicator and always have an eye on.
but at the same time when you are expecting a correction, that is a good idea to sell before it happens and then buy back again.
although if you want my opinion i'd say the correction happened already when we came down from $1600+ and stablized on $1500 range.
now any more correction has a less chance of happening. at least for the following week.
Quote
this is the price rise effect + Japan and other countries adopting bitcoin effect.
I agree FOMO is real. This is the reason why bitcoin price is quickly rising. They are afraid to be left behind and miss the profit when bitcoin price reach its peak.
Definitely when price surge fast, the next thing will be correction or a sudden drop in price since those who bought before the rise will eventually cash-out and the cycle repeats.
That is one nice of calling it. But all the same the price will fall not all because of speculative reasons but also because like in any economy, it expands and contracts. There is no escaping it, Bitcoin's price will fall, drop or "correct" itself. Call it whatever makes you feel better.
Definitely when price surge fast, the next thing will be correction or a sudden drop in price since those who bought before the rise will eventually cash-out and the cycle repeats.
If this price increase is caused by FOMO then does it mean there are big money whales out there who are moving the market because they are afraid of missing out? I find that hard to believe. FOMO usually works on altcoins where there are many uninformed and less intelligent "investors". Bitcoin's price movement is caused by something else, maybe.
FOMO works on all investors, sophisticated or "less intelligent". Bitcoin has been referred to as mass hysteria in the past.
Big whales do play a part, but what is happening now is all round buying.
But in Bitcoin I doubt it is only about FOMO. The volumes that the victims of FOMO usually give are small and not enough to bring the Bitcoin market upwards, unless there is a son of a billionaire trying trading for the first time.
The more sophisticated traders and investors are less affected by FOMO because they are already aware of it and they already have enough experience in the market.
Do you know what FOMO stands for? It means the Fear Of Missing Out. How is that not a desperate or an on the whim kind of thing? The reason why the believers of FOMO think it is there is because FOMO exploits the less experienced traders behavior.
Quote
We don't know when we'll next see a bear market, and by the time we do it'll probably happen when the price has reached much, much higher and this current price seems low.
Maybe that would be the case. But it might also happen like MtGox.
FOMO had stopped, for now. People were afraid that bitfinex users were going to buy all the bitcoins because they were so hungry for the bitcoins. Pun intended.
Now there will be a testing of the nerves with the double top that just had brewed. Thighten your seat belts boys. Holders gonna hodl, panicers going to panic and people buying low going to buy low.
I do not see the bear market in the near future but I hope to see some option of relativly cheap coins.
Now there will be a testing of the nerves with the double top that just had brewed. Thighten your seat belts boys. Holders gonna hodl, panicers going to panic and people buying low going to buy low.
Quote
We don't know when we'll next see a bear market, and by the time we do it'll probably happen when the price has reached much, much higher and this current price seems low.
I do not see the bear market in the near future but I hope to see some option of relativly cheap coins.
I am no selling shit.
HOLD!!
I wouldn't sell too. Real FOMO is still far away. Right now wemay see some correctiona and consolidation which isn't bad. At the weekends it's mostly pretty quiet.
Furthermore you can think about selling when you see the next spike in google trends. At least I use this as an indicator and always have an eye on.
but at the same time when you are expecting a correction, that is a good idea to sell before it happens and then buy back again.
although if you want my opinion i'd say the correction happened already when we came down from $1600+ and stablized on $1500 range.
now any more correction has a less chance of happening. at least for the following week.
Quote
this is the price rise effect + Japan and other countries adopting bitcoin effect.
FOMO had stopped, for now. People were afraid that bitfinex users were going to buy all the bitcoins because they were so hungry for the bitcoins. Pun intended.
Now there will be a testing of the nerves with the double top that just had brewed. Thighten your seat belts boys. Holders gonna hodl, panicers going to panic and people buying low going to buy low.
I do not see the bear market in the near future but I hope to see some option of relativly cheap coins.
Now there will be a testing of the nerves with the double top that just had brewed. Thighten your seat belts boys. Holders gonna hodl, panicers going to panic and people buying low going to buy low.
Quote
We don't know when we'll next see a bear market, and by the time we do it'll probably happen when the price has reached much, much higher and this current price seems low.
I do not see the bear market in the near future but I hope to see some option of relativly cheap coins.
I am no selling shit.
HOLD!!
I wouldn't sell too. Real FOMO is still far away. Right now wemay see some correctiona and consolidation which isn't bad. At the weekends it's mostly pretty quiet.
Furthermore you can think about selling when you see the next spike in google trends. At least I use this as an indicator and always have an eye on.
That's an interesting graph. I don't think the general public is at all interested in bitcoin. But lots of Wall Street types trade it on the side using their own money. It's the only thing you can trade 24/7.
FOMO had stopped, for now. People were afraid that bitfinex users were going to buy all the bitcoins because they were so hungry for the bitcoins. Pun intended.
Now there will be a testing of the nerves with the double top that just had brewed. Thighten your seat belts boys. Holders gonna hodl, panicers going to panic and people buying low going to buy low.
I do not see the bear market in the near future but I hope to see some option of relativly cheap coins.
Now there will be a testing of the nerves with the double top that just had brewed. Thighten your seat belts boys. Holders gonna hodl, panicers going to panic and people buying low going to buy low.
Quote
We don't know when we'll next see a bear market, and by the time we do it'll probably happen when the price has reached much, much higher and this current price seems low.
I do not see the bear market in the near future but I hope to see some option of relativly cheap coins.
I am no selling shit.
HOLD!!
I wouldn't sell too. Real FOMO is still far away. Right now wemay see some correctiona and consolidation which isn't bad. At the weekends it's mostly pretty quiet.
Furthermore you can think about selling when you see the next spike in google trends. At least I use this as an indicator and always have an eye on.
FOMO had stopped, for now. People were afraid that bitfinex users were going to buy all the bitcoins because they were so hungry for the bitcoins. Pun intended.
Now there will be a testing of the nerves with the double top that just had brewed. Thighten your seat belts boys. Holders gonna hodl, panicers going to panic and people buying low going to buy low.
I do not see the bear market in the near future but I hope to see some option of relativly cheap coins.
Now there will be a testing of the nerves with the double top that just had brewed. Thighten your seat belts boys. Holders gonna hodl, panicers going to panic and people buying low going to buy low.
Quote
We don't know when we'll next see a bear market, and by the time we do it'll probably happen when the price has reached much, much higher and this current price seems low.
I do not see the bear market in the near future but I hope to see some option of relativly cheap coins.
I am no selling shit.
HOLD!!
FOMO had stopped, for now. People were afraid that bitfinex users were going to buy all the bitcoins because they were so hungry for the bitcoins. Pun intended.
Now there will be a testing of the nerves with the double top that just had brewed. Thighten your seat belts boys. Holders gonna hodl, panicers going to panic and people buying low going to buy low.
I do not see the bear market in the near future but I hope to see some option of relativly cheap coins.
Now there will be a testing of the nerves with the double top that just had brewed. Thighten your seat belts boys. Holders gonna hodl, panicers going to panic and people buying low going to buy low.
Quote
We don't know when we'll next see a bear market, and by the time we do it'll probably happen when the price has reached much, much higher and this current price seems low.
I do not see the bear market in the near future but I hope to see some option of relativly cheap coins.
I agree FOMO is real. This is the reason why bitcoin price is quickly rising. They are afraid to be left behind and miss the profit when bitcoin price reach its peak.
Definitely when price surge fast, the next thing will be correction or a sudden drop in price since those who bought before the rise will eventually cash-out and the cycle repeats.
That is one nice of calling it. But all the same the price will fall not all because of speculative reasons but also because like in any economy, it expands and contracts. There is no escaping it, Bitcoin's price will fall, drop or "correct" itself. Call it whatever makes you feel better.
Definitely when price surge fast, the next thing will be correction or a sudden drop in price since those who bought before the rise will eventually cash-out and the cycle repeats.
If this price increase is caused by FOMO then does it mean there are big money whales out there who are moving the market because they are afraid of missing out? I find that hard to believe. FOMO usually works on altcoins where there are many uninformed and less intelligent "investors". Bitcoin's price movement is caused by something else, maybe.
FOMO works on all investors, sophisticated or "less intelligent". Bitcoin has been referred to as mass hysteria in the past.
Big whales do play a part, but what is happening now is all round buying.
But in Bitcoin I doubt it is only about FOMO. The volumes that the victims of FOMO usually give are small and not enough to bring the Bitcoin market upwards, unless there is a son of a billionaire trying trading for the first time.
The more sophisticated traders and investors are less affected by FOMO because they are already aware of it and they already have enough experience in the market.
We don't know when we'll next see a bear market, and by the time we do it'll probably happen when the price has reached much, much higher and this current price seems low.
I agree FOMO is real. This is the reason why bitcoin price is quickly rising. They are afraid to be left behind and miss the profit when bitcoin price reach its peak.
Definitely when price surge fast, the next thing will be correction or a sudden drop in price since those who bought before the rise will eventually cash-out and the cycle repeats.
That is one nice of calling it. But all the same the price will fall not all because of speculative reasons but also because like in any economy, it expands and contracts. There is no escaping it, Bitcoin's price will fall, drop or "correct" itself. Call it whatever makes you feel better.
Definitely when price surge fast, the next thing will be correction or a sudden drop in price since those who bought before the rise will eventually cash-out and the cycle repeats.
If this price increase is caused by FOMO then does it mean there are big money whales out there who are moving the market because they are afraid of missing out? I find that hard to believe. FOMO usually works on altcoins where there are many uninformed and less intelligent "investors". Bitcoin's price movement is caused by something else, maybe.
FOMO works on all investors, sophisticated or "less intelligent". Bitcoin has been referred to as mass hysteria in the past.
Big whales do play a part, but what is happening now is all round buying.
But in Bitcoin I doubt it is only about FOMO. The volumes that the victims of FOMO usually give are small and not enough to bring the Bitcoin market upwards, unless there is a son of a billionaire trying trading for the first time.
The more sophisticated traders and investors are less affected by FOMO because they are already aware of it and they already have enough experience in the market.
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