i am now curious to see how this follows up in the coming days.
for now the fascinating FOMO is visible on the charts:
Topic: is the market building up towards another bog FOMO? (Read 376 times)
and sure enough, it took about 25 days and a final 10% drop down to $7200 to kick start the FOMO. and this was a big one too. from $7200 up to $10300 is a $3100 or 43% FOMO rise and it was nearly the same thing i was expecting. nearly because i was expecting the price to stay above $10k but instead it came to $9k level again.
i am now curious to see how this follows up in the coming days.
for now the fascinating FOMO is visible on the charts:
i am now curious to see how this follows up in the coming days.
for now the fascinating FOMO is visible on the charts:
i am always fascinated by the FOMOs that keep happening in bitcoin market. earlier this year i created two topics on two different occasions about it the small inital FOMO in first stage and another FOMO with a bigger leg up.
with the current situation where price has come down below the $10k support line and the fact that a lot of weak hands were flushed out, i am guessing pretty soon after the drama ended we are going to see another FOMO market shape up bringing in a lot of money like a tsunami. this time if the momentum could build up we could see $20k before the end of the year.
what do you think about the size of the upcoming FOMO? can we see a bubble in short term this time or will it be like last time (small just to kick start the rise)?
Surely after the drama ends we would see or hear a lot of people regretting on not investing while it was low or something like not holding on to their crypto.with the current situation where price has come down below the $10k support line and the fact that a lot of weak hands were flushed out, i am guessing pretty soon after the drama ended we are going to see another FOMO market shape up bringing in a lot of money like a tsunami. this time if the momentum could build up we could see $20k before the end of the year.
what do you think about the size of the upcoming FOMO? can we see a bubble in short term this time or will it be like last time (small just to kick start the rise)?
But I agree with you I think after this drop we could see a big batch of money going to enter again and pretty sure those weak hands that sold their bags would try to get it back again.
Exactly there could be some possibilities that those people who made a wrong move could buy back bitcoin, and hold it back again. For sure, upon the recovery point of bitcoin price will suddenly have another increasing trend. There's no certain time allocated, but it was already an history.
i am always fascinated by the FOMOs that keep happening in bitcoin market. earlier this year i created two topics on two different occasions about it the small inital FOMO in first stage and another FOMO with a bigger leg up.
with the current situation where price has come down below the $10k support line and the fact that a lot of weak hands were flushed out, i am guessing pretty soon after the drama ended we are going to see another FOMO market shape up bringing in a lot of money like a tsunami. this time if the momentum could build up we could see $20k before the end of the year.
what do you think about the size of the upcoming FOMO? can we see a bubble in short term this time or will it be like last time (small just to kick start the rise)?
Surely after the drama ends we would see or hear a lot of people regretting on not investing while it was low or something like not holding on to their crypto.with the current situation where price has come down below the $10k support line and the fact that a lot of weak hands were flushed out, i am guessing pretty soon after the drama ended we are going to see another FOMO market shape up bringing in a lot of money like a tsunami. this time if the momentum could build up we could see $20k before the end of the year.
what do you think about the size of the upcoming FOMO? can we see a bubble in short term this time or will it be like last time (small just to kick start the rise)?
But I agree with you I think after this drop we could see a big batch of money going to enter again and pretty sure those weak hands that sold their bags would try to get it back again.
We can let them regret what they choose because I am sure that we already suggest them to buy bitcoin or the other coins, but they don't want to listen to us. There will be many more of them who will regret it, and there is nothing they can do except accepting that they cannot buy bitcoin at that time because bitcoin price already increases so high. But they still can buy any coins which don't have a high price, and they will need to wait for a long time to see the price will increase. I think the market now still trying to rise, although it's not too fast. And I think people are still coming to the market and buying bitcoin and the other coin before all of the price increase higher.
i am always fascinated by the FOMOs that keep happening in bitcoin market. earlier this year i created two topics on two different occasions about it the small inital FOMO in first stage and another FOMO with a bigger leg up.
with the current situation where price has come down below the $10k support line and the fact that a lot of weak hands were flushed out, i am guessing pretty soon after the drama ended we are going to see another FOMO market shape up bringing in a lot of money like a tsunami. this time if the momentum could build up we could see $20k before the end of the year.
what do you think about the size of the upcoming FOMO? can we see a bubble in short term this time or will it be like last time (small just to kick start the rise)?
Surely after the drama ends we would see or hear a lot of people regretting on not investing while it was low or something like not holding on to their crypto.with the current situation where price has come down below the $10k support line and the fact that a lot of weak hands were flushed out, i am guessing pretty soon after the drama ended we are going to see another FOMO market shape up bringing in a lot of money like a tsunami. this time if the momentum could build up we could see $20k before the end of the year.
what do you think about the size of the upcoming FOMO? can we see a bubble in short term this time or will it be like last time (small just to kick start the rise)?
But I agree with you I think after this drop we could see a big batch of money going to enter again and pretty sure those weak hands that sold their bags would try to get it back again.
Yeah, the market is really building up for another breakout possibly close to $15K. $20K is not happening anytime soon until after the bitcoin halving in May 2020 i guess. Anyway, i don't really see the levels of $5k and $6k happening lol...that would be hell for some folks 
If Bitcoin manage to hit $8k after that $10k stable price then there could be a possibility that it would go down to that support level. If it would hit $5k-$6k then it might be the momentum that we are waiting to happen to finally break another resistance levels. But I'm not sure yet on when would that momentum going to start to see the targeted $20k. Surely when the weak hands are flushed we can say that bitcoin right now is held by people who actually believe in it (and traders) but that doesn't mean it will continue to go up, first we need to make sure the whales who are trying to make money doesn't sell.
you forgot about another group, an important and powerful group actually. the traders who sold before the drop or when it was starting to happen and are now waiting for the "signal" which would be any kind of rise above a certain level before these people put that money they got out, back in.
i am always fascinated by the FOMOs that keep happening in bitcoin market. earlier this year i created two topics on two different occasions about it the small inital FOMO in first stage and another FOMO with a bigger leg up.
with the current situation where price has come down below the $10k support line and the fact that a lot of weak hands were flushed out, i am guessing pretty soon after the drama ended we are going to see another FOMO market shape up bringing in a lot of money like a tsunami. this time if the momentum could build up we could see $20k before the end of the year.
what do you think about the size of the upcoming FOMO? can we see a bubble in short term this time or will it be like last time (small just to kick start the rise)?
This is a great way of thinking during a bear run but it is not something we can prove in any way at all.with the current situation where price has come down below the $10k support line and the fact that a lot of weak hands were flushed out, i am guessing pretty soon after the drama ended we are going to see another FOMO market shape up bringing in a lot of money like a tsunami. this time if the momentum could build up we could see $20k before the end of the year.
what do you think about the size of the upcoming FOMO? can we see a bubble in short term this time or will it be like last time (small just to kick start the rise)?
Surely when the weak hands are flushed we can say that bitcoin right now is held by people who actually believe in it (and traders) but that doesn't mean it will continue to go up, first we need to make sure the whales who are trying to make money doesn't sell.
Maybe "weak" hands are gone but the whales are not and they can still buy a million dollar worth short futures and then sell 10 million dollars worth of bitcoin all at once and make a ton of money thanks to leverage as well. Hence we are not certain right now, does the future look brighter for bitcoin? Sure, it does but that doesn't mean it will certainly be better, it just means it is "probably" better.
We don’t need FOMO, we need real use case, we need people to stop using speculations and FOMO to move the market up in value
I really need a situation whereby we will get to a certain stage that we will be using bitcoin as real currency, and this is what can sustain any value in the market, with FOMO and all that, it may actually become impossible for us to be able to retain any high value.
I really need a situation whereby we will get to a certain stage that we will be using bitcoin as real currency, and this is what can sustain any value in the market, with FOMO and all that, it may actually become impossible for us to be able to retain any high value.
Whether we need FOMO isn't the question. It's just a natural byproduct of strong bull markets. It's inevitable. If Bitcoin's price is rising, you will always see speculators chasing those gains. And considering Bitcoin's overall fundamentals as a monetary instrument and its very limited supply, it's bound to keep rising.
So learn to love the FOMO. It's not going anywhere.
Plus learn to buy the dip, and HODL before the FOMO. It's going to start happening next when the plebs don't expect it.
Generally, every crypto project needs FOMO in this red market, not only btc. Only a new project or big positive Government news can rally btc price up. Thereby causing other projects like ETH, Vechain, LEDU to move up in price too. Just giving my two cent.
We don’t need FOMO, we need real use case, we need people to stop using speculations and FOMO to move the market up in value
I really need a situation whereby we will get to a certain stage that we will be using bitcoin as real currency, and this is what can sustain any value in the market, with FOMO and all that, it may actually become impossible for us to be able to retain any high value.
I really need a situation whereby we will get to a certain stage that we will be using bitcoin as real currency, and this is what can sustain any value in the market, with FOMO and all that, it may actually become impossible for us to be able to retain any high value.
Whether we need FOMO isn't the question. It's just a natural byproduct of strong bull markets. It's inevitable. If Bitcoin's price is rising, you will always see speculators chasing those gains. And considering Bitcoin's overall fundamentals as a monetary instrument and its very limited supply, it's bound to keep rising.
So learn to love the FOMO. It's not going anywhere.
We don’t need FOMO, we need real use case, we need people to stop using speculations and FOMO to move the market up in value, this is why we usually do have lots of premature dumping because those that FOMO are the same people that usually would panic sell when they eventually saw that what they thought was going to happen is not what is happening, but I doubt if we have had so much FOMO this year as majority of investors have learnt a lot and they are always calm about their investment now.
I like the attitude, but FOMO, the interest, adoption, then HODLING sometimes come together.
Quote
I really need a situation whereby we will get to a certain stage that we will be using bitcoin as real currency, and this is what can sustain any value in the market, with FOMO and all that, it may actually become impossible for us to be able to retain any high value.
Success as a store of value, or an opt-out mechanism from traditional markets could help sustain value too in my opinion.
We don’t need FOMO, we need real use case, we need people to stop using speculations and FOMO to move the market up in value, this is why we usually do have lots of premature dumping because those that FOMO are the same people that usually would panic sell when they eventually saw that what they thought was going to happen is not what is happening, but I doubt if we have had so much FOMO this year as majority of investors have learnt a lot and they are always calm about their investment now.
I really need a situation whereby we will get to a certain stage that we will be using bitcoin as real currency, and this is what can sustain any value in the market, with FOMO and all that, it may actually become impossible for us to be able to retain any high value.
I really need a situation whereby we will get to a certain stage that we will be using bitcoin as real currency, and this is what can sustain any value in the market, with FOMO and all that, it may actually become impossible for us to be able to retain any high value.
$20k is possible happen by the end of this years, but BTC need very strong momentum to break through $15K before breaking through $20K, but many one said that it is impossible BTC hit $20K this years, only time can prove it, read the analyzes why BTC can't hit $20K this years.
https://cointelegraph.com/news/bitcoin-price-has-7-chance-to-hit-20k-by-end-of-2019-data-claims
https://cointelegraph.com/news/bitcoin-price-has-7-chance-to-hit-20k-by-end-of-2019-data-claims
Yeah, the market is really building up for another breakout possibly close to $15K. $20K is not happening anytime soon until after the bitcoin halving in May 2020 i guess. Anyway, i don't really see the levels of $5k and $6k happening lol...that would be hell for some folks
I do not believe that we are headed for another FOMO event.
If enough people believe that it will help increase the odds of another fomo run. It's called fomo for a reason, which means that people have been holding back thinking the price wouldn't go up, but when they see it does they enter the ship.Did anyone here expect the price to reach $14k this year? No. People were busy discussing scenarios where a retest of the $800 level was an option too. They sold hoping to buy that bottom. Instead, they bought well above their selling price.
Another big FOMOs probably not going to happen again if you're thinking about the scale of the 2017 one that boosted us to the current all time high. People have seen enough of how easily they can lose money big time if they blindly ride a FOMO wave. There may still be hype for another run, but we'll probably not see a real big FOMO any time soon.
i am always fascinated by the FOMOs that keep happening in bitcoin market. earlier this year i created two topics on two different occasions about it the small inital FOMO in first stage and another FOMO with a bigger leg up.
with the current situation where price has come down below the $10k support line and the fact that a lot of weak hands were flushed out, i am guessing pretty soon after the drama ended we are going to see another FOMO market shape up bringing in a lot of money like a tsunami. this time if the momentum could build up we could see $20k before the end of the year.
what do you think about the size of the upcoming FOMO? can we see a bubble in short term this time or will it be like last time (small just to kick start the rise)?
I do not believe that we are headed for another FOMO event.with the current situation where price has come down below the $10k support line and the fact that a lot of weak hands were flushed out, i am guessing pretty soon after the drama ended we are going to see another FOMO market shape up bringing in a lot of money like a tsunami. this time if the momentum could build up we could see $20k before the end of the year.
what do you think about the size of the upcoming FOMO? can we see a bubble in short term this time or will it be like last time (small just to kick start the rise)?
This is mainly because for this to occur, the price would have to gradually start increasing and then start climbing quickly, as this is when people would be genuinely afraid of missing out.
At present time, people are scared to invest due to the high volatility and huge decrease in value that we just witnessed. If people start pumping Bitcoin, which may occur due to its low price currently, then I do see the possibility of FOMO occurring and leading to a skyrocketing Bitcoin price.
When this will occur is another question however, and I think we are looking at around a few months. (Hopefully)
OP, no FOMO unless the whale-cumulators start outbidding the plebs by placing higher, and higher buy walls. For now, enjoy the dip. 
We just need one break-out of $500-600 and surely we can see another rally coming. Last time Bitcoin broke from $8000 to $9000, it took only 4 days and 16 market swings to reach $12500.
I think same ripple effect can happen now too. There is no adverse news in market. So just one push and we can see FOMO playing rest of the game and Bitcoin easily going to $13-14K.
I think same ripple effect can happen now too. There is no adverse news in market. So just one push and we can see FOMO playing rest of the game and Bitcoin easily going to $13-14K.
Been looking at the order market depth books and seems that people got front run who wanted to buy in the $7500 area. It's very clear on Bitmex that people were either looking to long there or shorts looking to close there. Reason why the $7500 area was important is because it's an important psychological number and it was resistance during the rally and was strong support during the dip afterwards, people were expecting a quadruple type of bottom I guess.
And what happened was price came close, rally happened and now those orders were moved up all of a sudden. This is why when trading crypto you need to be careful of those simple common support and resistance areas since most traders are looking at the same thing. People were expecting $9000 to be support also but look what happened instead.
Isn't a 7500 dollars price range some sort of a Fibonacci level? If you look at recent bitcoin performance then you can see that $9000 wasn't ever gonna hold. When $9500 level was broken then only $7500 was only reasonable support level.And what happened was price came close, rally happened and now those orders were moved up all of a sudden. This is why when trading crypto you need to be careful of those simple common support and resistance areas since most traders are looking at the same thing. People were expecting $9000 to be support also but look what happened instead.
I checked the fibs and couldn't find any setup where $7500 was a fib level. The closest fob level I could draw would've at around $7260 or so using the $3100 low and $13800 high.
The $9000 area was important because it was support of the declining triangle, so eventually it would of broke but we might of gotten a bounce or two off it before that happened.
The $6000 area is probably the next up if $7500 doesn't hold, however I wouldn't be surprised to have it just cut thru that area like butter as we did on the way up.
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