Topic: I SMELL FOMO - page 6. (Read 839 times)
I still think positively about the current events, even though we actually still don't know whether this is really a bull or just bait. but judging by the price has gone up a few percent, I am optimistic we will go through the increasing days.
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probably just a dead cat bounce ??
Overused phrase! way overused, that bounce happens after a great fall and when was the last great fall. Its been a while, the autumn or December was that and a bounce of some type could be labelled a kitty cat at that point.
Right now its what I would describe as recovery, a retrace of the fall and the market checks the prices are accurate in this area. The reason for this is volume, when a price moves more rapidly its likely to be weaker then pricing outside this area so this might be called accumulation.
All the way upto 6500 we are going to have a market and exchanges, speculators even longer term holders debating via supply and demand to discover if price should be nearer to 6500 or should we check 3500 levels or less.
The higher the price, the more supply should in theory be unlocked I guess. Theres also ongoing events in the background with complexity of mining, large transactions or the mt.gox coins moving about and perhaps bullish uses for coins or new websites to engage and utilise the network.
All that will key in but its not just a lifeless bounce, its an interaction not an over reaction
Also Fomo is over done, I do hope BTC has more depth a "dead cat bounce" doesn't last this long, price should have already dropped down to $3100 if it was really one of them. additionally a "dead cat bounce" requires a "dead cat" to bounce and bitcoin is not dead unless YOU think otherwise!
this is not a FOMO either, not exactly anyways. there is obviously some FOMO in every rise but a real FOMO would be if price went up to $7000 not from $4100 to $4700 which was a 14% rise. and that is only 4% higher than the amount that we usually consider daily fluctuations!
this is not a FOMO either, not exactly anyways. there is obviously some FOMO in every rise but a real FOMO would be if price went up to $7000 not from $4100 to $4700 which was a 14% rise. and that is only 4% higher than the amount that we usually consider daily fluctuations!
I'm active on a lot of platforms (youtube, reddit, twitter,) and I see a lot of FOMO starting to form. People are really optimistic about this next bull run and are scrambling to buy. Also with the halving not too far off we will see a rush to accumulate btc before the next drop in inflation.
Think of it as a FOMO= lose your money.
I am inclined to believe that we found a new bottom at $ 5000 and from it a stabilizing point for a short period of time.
The probability of going back to $ 3,000 is not quite as the reason for the hike is normal because There is no historical resistance barrier for $ 4,000.
There are still some indications to go back to $ 3000 but I do not think we will be at $ 4,000 for long periods.
Keep HODLing: The moon is near.
I am inclined to believe that we found a new bottom at $ 5000 and from it a stabilizing point for a short period of time.
The probability of going back to $ 3,000 is not quite as the reason for the hike is normal because There is no historical resistance barrier for $ 4,000.
There are still some indications to go back to $ 3000 but I do not think we will be at $ 4,000 for long periods.
Keep HODLing: The moon is near.
a "dead cat bounce" doesn't last this long, price should have already dropped down to $3100 if it was really one of them. additionally a "dead cat bounce" requires a "dead cat" to bounce and bitcoin is not dead unless YOU think otherwise!
this is not a FOMO either, not exactly anyways. there is obviously some FOMO in every rise but a real FOMO would be if price went up to $7000 not from $4100 to $4700 which was a 14% rise. and that is only 4% higher than the amount that we usually consider daily fluctuations!
this is not a FOMO either, not exactly anyways. there is obviously some FOMO in every rise but a real FOMO would be if price went up to $7000 not from $4100 to $4700 which was a 14% rise. and that is only 4% higher than the amount that we usually consider daily fluctuations!
I'm active on a lot of platforms (youtube, reddit, twitter,) and I see a lot of FOMO starting to form. People are really optimistic about this next bull run and are scrambling to buy. Also with the halving not too far off we will see a rush to accumulate btc before the next drop in inflation.
I would say FOMO somewhat reached the market once more, though I don't believe that this will be easily converted into a full-on bull run as the foundations for a solid upward movement isn't there yet. Everyone just got triggered to buy since someone intentionally dropped a huge buy order on the market, and initially thought that everyone was already making the buy rounds while in reality, it seems like just a single entity did it all. Perhaps this is a good sign that something is up, and the recent steep rise is a confirmation to that.
I think yes, some FOMO is but not so high until now, and is good that we see a little grow, but i'm not sure this is the sign for a bull run and we need to wait more to see how is going this month (up or down or stable).
Just minimal FOMO, I think. The price should keep spiking, but if have noticed it, it will jumped above $5000 and then settled down. If FOMO is in, the price could literally sliced $5000-$6000 in just a couple of days. Right now it looks like its running out of gas so there is no FOMO, or at least those who FOMO gets tired easily and will just wait for the next day to ride the hype train again.
What's your opinion on this?? Bitcoin seems too be accumulating value since Tuesday morning... the bull is here.. ?? Or it's bait??
Not yet in FOMO stage, this is just a small bounce, we are repeatedly dump last year, and we are just bouncing back. Let us not overreact, try to remember where we from before this current price.
Obviously the FOMO could happen if BTC would rise to double digit, like $10,000, as it's a significant increase.
What's your opinion on this?? Bitcoin seems too be accumulating value since Tuesday morning... the bull is here.. ?? Or it's bait??
After what happened in the late 2017, early 2018 I don't think that people are so naive again and get in the loop of fomo.
Of course, there will be some that will be afraid that they are going to miss the chance of getting rich and start buying again but I can't see that portion be so big in order to make us reach a new all tie high.
a "dead cat bounce" doesn't last this long, price should have already dropped down to $3100 if it was really one of them. additionally a "dead cat bounce" requires a "dead cat" to bounce and bitcoin is not dead unless YOU think otherwise!
this is not a FOMO either, not exactly anyways. there is obviously some FOMO in every rise but a real FOMO would be if price went up to $7000 not from $4100 to $4700 which was a 14% rise. and that is only 4% higher than the amount that we usually consider daily fluctuations!
this is not a FOMO either, not exactly anyways. there is obviously some FOMO in every rise but a real FOMO would be if price went up to $7000 not from $4100 to $4700 which was a 14% rise. and that is only 4% higher than the amount that we usually consider daily fluctuations!
No one can really assure what is happening right now, most of us still assuming and hyping this current rise, it's a tough position for old investors who already sold their assets during the bearish downfall, seeing some green can't motivate them to invest back as fear of losing will be the thing inside their minds, it's need to be more extra careful.
It just a small manipulation from the exchange to make the users get fomo'd and get bought bitcoin and putting all their money to bitcoin.
FOMO it is, the current fees and inflated mempools tell it all (if you're into non-trading statistics).
I honestly didn't expect that almost 5k surge and didn't bought at 4ks.
Actually, I sold some yesterday and expecting a correction, there's no news that's can cause this price surge (perhaps, Luke's April Fools BIP?).
I honestly didn't expect that almost 5k surge and didn't bought at 4ks.
Actually, I sold some yesterday and expecting a correction, there's no news that's can cause this price surge (perhaps, Luke's April Fools BIP?).
if we see on the peak 20k$, it's really cheap now. 
so we should not FOMO, keep buying!!!
so we should not FOMO, keep buying!!! 
Just like before when everyone FOMO in and buy BTC in ATH 
They should learned their lesson by now and to start accumulating more BTC while its cheap.
They should learned their lesson by now and to start accumulating more BTC while its cheap.
I'd like the bull to finally come finally, but I voted not sure because it's too early to tell it's just three days, it could go down again, we can only tell if it continues after three weeks or a month of a continued rise in price.
I remain optimistic and just looking at the market. Didn't have to do some crazy thing such as selling all I've got, I'm still hopeful for higher gains but I know this is dangerous for others. Becoming greedy at these times can also push me to the pit but I'm aware of that.
Trap or not, just keep on accumulating and look for a better scene in the future. I'm very interested to see such gains that can happen for 2020 after the halving by that time. We saw this gain and we're all excited with that, how much more during the upcoming months and years?
Trap or not, just keep on accumulating and look for a better scene in the future. I'm very interested to see such gains that can happen for 2020 after the halving by that time. We saw this gain and we're all excited with that, how much more during the upcoming months and years?
keep thinking positively because what I know of today is that BTC has the highest volume all the time in 24 hours.
and it is not impossible that this is a good sign that a bullrun will come.
and it is not impossible that this is a good sign that a bullrun will come.
What's your opinion on this?? Bitcoin seems too be accumulating value since Tuesday morning... the bull is here.. ?? Or it's bait??
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