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.
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.
Exactly. Looks to me this is a new territory for bitcoin ecosystem. A lot of buying going on a lot of exchanges around the world. Specially in Japan where the trading volume is up to almost 50% now, followed by US and Canada. What I'm afraid of is that the volume trading in Japan is covering half of the volumes. It looks like what happened when China dominated the market then a big crash happened that push the price to sub 900$.
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.
Plus...fear of missing out explains my usual response, which has been "there's more buyers than sellers."
There's never more buyers than sellers, there's always an equal amount. To buy Bitcoin you have to have bought it from someone. What you really mean is that people are willing to buy it for more.Perhaps the real question for people discuss here is: how many people do you know that have now (finally) decided to buys some Bitcoin?
None.Bitcoin is a tiny, tiny market. A few hundred million dollars (I know it sounds like a lot, but in market terms it's not) would shove the price up thousands. Relative to the population at large, nearly no one owns Bitcoin and for now that's how it will continue to be.
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.
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.
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).
Despite all the craze about bitcoin I have not meet a single person that is talking about it in my circle of friends and acquittances, no one seems to know about bitcoin despite the fact I talked to them about it, and there does not seem to be anything on the news about bitcoin, so I suppose this may be the same people putting even more money into bitcoin. 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).
this thing is going to the moon shortly, i'm holding until 2k at least, probably selling there something and buy cheap with the dump, everything that increase so fast will be dumped this is the general rule, it's unbelievable that it's raising so fast why altcoin are still in bubble and raising too this is unprecedent, never a bubble like this happened before really good stuff ahead of us
Actually there was such a bubble back in 2013 where altcoins got pumped to the moon as well.
Litecoin's all time high - $53
Novacoin's all time high - $27
Namecoin's all time high - $13.50
Peercoin's all time high - $7.20
It was insane how the prices have been going up back then, and insane how altcoins right now are going up. Currently, the 2.0 altcoins are experiencing the pump of their life. Especially Ethereum. This token's market cap is touching the $8 billion mark - insane! I feel sorry for people entering the market at such prices. They'll be eaten alive!
this thing is going to the moon shortly, i'm holding until 2k at least, probably selling there something and buy cheap with the dump, everything that increase so fast will be dumped this is the general rule, it's unbelievable that it's raising so fast why altcoin are still in bubble and raising too this is unprecedent, never a bubble like this happened before really good stuff ahead of us
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.
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.
For every action, there is a reaction. Yup, there may be a huge drop after this big run is over!it bitcoin market it won't be the same size though.
and that is not called drop, the correct term is correction. when price goes up everyone starts selling at some point to get the profits out, mostly as short term investment and then price comes down but it won't be down to where it started from.
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.
As title says, FOMO is worlwide real now.
Brace for impact on Mars surface, Moon just got passed!
BTCBTCBTCBTC 
Brace for impact on Mars surface, Moon just got passed!
BTCBTCBTCBTC What, Fear of Missing Out on some exchange (Bitfinex a prime candidate) going down with all your money and Bitcoins?
This just doesn't make sense. For this to be a real rise it seems like all exchanges should be on board, not awful differences between everything.
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.
For every action, there is a reaction. Yup, there may be a huge drop after this big run is over!As long as I catch the market within an hour or so and it isn't a flash-crash then I should get out and still make money.
Oh man, interesting times.
As title says, FOMO is worlwide real now.
Brace for impact on Mars surface, Moon just got passed! BTCBTCBTCBTC
Brace for impact on Mars surface, Moon just got passed!
BTCBTCBTCBTC Due to the mass adoption caused by bitcoin. FOMO is real. We are having a lot of bullish news for bitcoin right now.
https://www.cryptocoinsnews.com/10-new-bitcoin-exchanges-set-launch-japan/
https://cointelegraph.com/news/japan-finance-ministry-guides-bitcoin-exchanges-sets-strict-rules
http://www.cnbc.com/2017/05/01/bitcoin-skyrockets-to-fresh-record-high-on-a-spike-in-demand-from-japan.html
A lot of japan bullish news has driven the price of bitcoin to the moon. A lot of exchange site for bitcoin will be launch on japan.
This should have become a good news for all of the bitcoin traders. Looks $2000 will possible in the future.
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.
For every action, there is a reaction. Yup, there may be a huge drop after this big run is over!it bitcoin market it won't be the same size though.
and that is not called drop, the correct term is correction. when price goes up everyone starts selling at some point to get the profits out, mostly as short term investment and then price comes down but it won't be down to where it started from.
What if I told you all the traders looking to capitalize on short - medium term swings, the ones that would be taking profits out right about now, are still waiting for the drop to 800ish? Of course they have upped that target now since it appears it won't hit 800 again and are now probably waiting for anywhere between 1000 and 1350.
What if I told you the money that has been pumping in is a many many small time new Hodlers, hoping that the 1 BTC they managed to accumulate over the last few months will be a retirement nest egg in 15-25 years?
As title says, FOMO is worlwide real now.
Brace for impact on Mars surface, Moon just got passed! BTCBTCBTCBTC
Brace for impact on Mars surface, Moon just got passed!
BTCBTCBTCBTC What, Fear of Missing Out on some exchange (Bitfinex a prime candidate) going down with all your money and Bitcoins?
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.
For every action, there is a reaction. Yup, there may be a huge drop after this big run is over!it bitcoin market it won't be the same size though.
and that is not called drop, the correct term is correction. when price goes up everyone starts selling at some point to get the profits out, mostly as short term investment and then price comes down but it won't be down to where it started from.
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.
For every action, there is a reaction. Yup, there may be a huge drop after this big run is over! 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.
I doubt anybody is really expecting the ETF to get approved this time.
No it's because the shitcoins are in a massive bubble. To get in people have to buy Bitcoin. To take profits they have to convert back to Bitcoin and may hold some part of the profits in BTC instead of cashing out all. This is why we still see Bitcoin not bubbling imo, which is good. But when that alt bubble pops who knows what's going to happen. Will this drag Bitcoin down as well? Although I believe the effect wouldn't be that big, or will this be like a massive slingshot for Bitcoin and the start of it's own next big bubble since the last one in late 2013?
Etf vote (regardless of outcome) put "extra eyes" on to crypto. I figure it's the "small fish" of wall street, and.now those.sharks are testing the waters....buy and hod!
Cuz the big $ Just started smelling the blood in the water
Cuz the big $ Just started smelling the blood in the water 
apart from all the things people say about this price rise, you shouldn't really forget about all the free money traders made while pumping altcoins. that is a ridiculous number in fact.
when you pump 2 major coins with huge volume from $10 to $80-$100 that is an 8x-10x profit! and all that profit doesn't go away, it comes back to bitcoin and increases the same volume 8-10 times. and that is free money people made which are investing it back in bitcoin.
when you pump 2 major coins with huge volume from $10 to $80-$100 that is an 8x-10x profit! and all that profit doesn't go away, it comes back to bitcoin and increases the same volume 8-10 times. and that is free money people made which are investing it back in bitcoin.
As title says, FOMO is worlwide real now.
Brace for impact on Mars surface, Moon just got passed! BTCBTCBTCBTC
Yup, prices are definitely spiking hard right now because of fear and anticipation of making money. Human nature. Brace for impact on Mars surface, Moon just got passed!
BTCBTCBTCBTC
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^
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^
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! BTCBTCBTCBTC
Brace for impact on Mars surface, Moon just got passed!
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