I doubt that FOMO is driving these price increases at the moment. I think the relaxed attitude from the Japanese regulators towards Bitcoin and the institutional acceptance of Bitcoin has sparked a huge influx of new capital into Bitcoin and this is also pushing merchant adoption.
We have seen big retailers accepting Bitcoin in Japan and with Bitcoin banners everywhere and regulators being Bitcoin friendly, we will see much higher trade volumes on their exchanges.
There has also been several new applications for new Bitcoin exchanges, and that is showing you that interest in Bitcoin is rising significantly in Japan. ^smile^
Topic: FOMO IS REAL - page 3. (Read 2759 times)
Back when we cracked $1000 and made it to $1200, just before the ETF decision, I remember thinking - oooh I can't wait till this drops back below $500 so I can buy more.
Now I'm thinking - oooh I can't wait til this drops below $1000 so I can buy some more. Maybe.
Now I'm thinking - oooh I can't wait til this drops below $1000 so I can buy some more. Maybe.
in my experience those who wait for a specific price to buy or sell will never do so. because that specific price either never comes or when it comes they continue waiting while thinking there may be a better price to buy/sell around the corner!
Back when we cracked $1000 and made it to $1200, just before the ETF decision, I remember thinking - oooh I can't wait till this drops back below $500 so I can buy more.
Now I'm thinking - oooh I can't wait til this drops below $1000 so I can buy some more. Maybe.
Now I'm thinking - oooh I can't wait til this drops below $1000 so I can buy some more. Maybe.
in my experience those who wait for a specific price to buy or sell will never do so. because that specific price either never comes or when it comes they continue waiting while thinking there may be a better price to buy/sell around the corner!
OP, if this move is indeed because of FOMO then holding Bitcoin now is like a game of who will blink first because the opposite will also be true. Once panic starts sinking in the market be careful.
it is so real, it is entering the scary territory in my opinion!
fast rises are never good, they are scary and they never last. slow and steady rise is what will last and is hard to push down.
i'm afraid this FOMO rise is mostly because of the ETF and in case it was rejected again there will be another type of F as in fear and the price may crash up to 20% back to $1100-1200 prices.
fast rises are never good, they are scary and they never last. slow and steady rise is what will last and is hard to push down.
i'm afraid this FOMO rise is mostly because of the ETF and in case it was rejected again there will be another type of F as in fear and the price may crash up to 20% back to $1100-1200 prices.
For all the posts about "why is this price going up" this is probably the best response.
Plus...fear of missing out explains my usual response, which has been "there's more buyers than sellers."
Perhaps the real question for people discuss here is: how many people do you know that have now (finally) decided to buys some Bitcoin?
Because this has to be more than just existing Bitcoin users buying more (although I realize the math goes against that statement).
Plus...fear of missing out explains my usual response, which has been "there's more buyers than sellers."
Perhaps the real question for people discuss here is: how many people do you know that have now (finally) decided to buys some Bitcoin?
Because this has to be more than just existing Bitcoin users buying more (although I realize the math goes against that statement).
As title says, FOMO is worlwide real now.
Brace for impact on Mars surface, Moon just got passed!
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Brace for impact on Mars surface, Moon just got passed!
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