Topic: Retail is here (Read 140 times)

I agree, the indicators are showing that most of the retail has not entered yet. Real retail FOMO starts when bitcoin breaks last ATH because that's where the average nocoiner thinks the bull market begins.
They're not that wrong if you look at charts with no bias that we holders have. Every time bitcoin broke the old ATH you could expect the price to double in a matter of months. People who don't care about bitcoin and want to make some money the fastest way possible wait for that signal and when we go past 70k you'll see what happens.

Those who say we're in a FOMO rally don't know what a FOMO rally looks like. It's pretty much that move you saw from 50 to 60k happening every day for 2 weeks.

I do agree that there is a new attention coming, it is mostly about the fact that we have gone over 60k already. Not many people expected us to be this good this early, it feels like we are premature to reach this point and nobody expected it to reach this price before the halving. This generated some buzz around bitcoin and I think it will definitely do fine.

I think the best thing to do in this case would be just making sure that we keep holding our coins. All these retail people will buy more and more, which will definitely make it amazing, it has to be something that will take some time. I personally believe that the best way to go would be making sure that we are dealing with a proper strategy, if we have good long term holding diamond hands, we should be fine.

As hugeblack said, it is unlikely retail FOMO. By which I mean new people entering the market. Coinbase went down a couple days ago when price suddenly went up to $64k and then very fast dropped to $58k. That's not new retail folk signing up on Coinbase and entering the market, that's people already in the market logging onto Coinbase during that hour or two when the price was going nuts to try to sell or buy. Price went up $13k in 48 hours, then dropped $6k in minutes, then settled $2k-$3k higher over the next few hours. That's people already in the market with Coinbase accounts buying and selling as the price surges.


I think we're likely still months away from the start of retail FOMO. Probably won't start until the media starts plastering headlines all over about Bitcoin passing the 2021 peak and surging significantly higher. Retail probably starts FOMOing in around like $80k-$100k.

The general public right now probably doesn't even know Bitcoin has recovered from 2022 haha, or they might be vaguely aware its gone up some since then but don't realize its about to head into another bull market and surpass 2021. Even if the average member of the public saw the price today, they'd probably say oh it just recently went up a bunch so it'll crash soon just like 2021. It's only when it actually starts going significantly higher than the old ATH that the members of the general public start perking up their ears realizing Bitcoin didn't end like they were told for the past two years but its actually bigger than ever and they should buy some.


Right now its a combo of ETFs buying up massive amount a day, sucking up supply from the spot market, and regulars in the market getting excited as things start gearing up for the bull run. No new retail in sight yet. Perhaps a crude, but commonly used, metric backing this up is Google trends. Bitcoin hasn't even started spiking yet on google trends, as it always does when the bull market gets in full stride and retail starts coming in.

If we compare what is happening now with what is happening in 2017 and 2021, we see that retail traders are still out of the game, but when the price rises without any reason and there is positive daily news about Bitcoin and the price moves in one direction then the ATH is close to that, so what is happening now is nothing more than noise. Due to the rise in the price of Bitcoin, but it is not an indication of the end of the cycle.

The App Store ranking for coinbase also jumped into the 130 top spot and a few days back it was 300-400 or so. So there is some retail interest right now.

Won’t be as high as before since many can just buy it with the etfs instead of messing around with having to KYC a new account and wait a few days.

But we hit $64K and were like $5000 from ATH. We already hit ATH in Canada yesterday and many people are calling for $100K soon.

Exactly, that's why it's weird that there's still some that are denying the fact that retail investors are starting to get in again and some are trying to not miss out on the possibility that the price would skyrocket and as I've said earlier, there's no other explain as to why their server could crash and piecing together the things that are currently happening, there's only one logical explanation that's making sense when you put it all together. I guess with people resonating those sentiments, it's only a matter of time when what they're talking are going to become a real thing, I just hope that everyone here has a really good hoard of bitcoin in their possession because it's pretty sad to me that there's some that would miss out on huge profits but sometimes you just need to know the reason why they didn't profit to lose that sympathy for them.

Well, we may not have reached the peak of FOMO, but that there is FOMO and that retail investors are coming in is a fact, just look at the threads saying to invest or asking questions about it, I just answered a couple. We are almost at the ath, after a fairly rapid rise and now the "moon?" "when lambo?" are starting to resonate.

Then who is it then? I'm pretty sure that there's not a lot of whales out there that can crash the servers so that's probably the only logical explanation as who's behind these crashes, people in droves are definitely FOMOing out of proportion and it's the natural instinct of many retail investors anyway, they FOMO the heck out when the price are surging thus driving the prices even higher. Totally agree with the reason for FOMO though, probably just greed but I still think that it's good that they're getting in right now, better late than sorry right? Although the factor of if they can resist the panic that will happen when the price dumps which will likely happen some time in the near future, if they can hold out then they're good.

Probably, but who will cause this FOMO? yes there could be whales doing it, but I think they are wise not to do that in front of public, and they could be doing OTC. So I do agree that it could be us, retail investors who are causing and crashing exchanges like Coinbase because we don't want to be the last person to join the boat isn't it.

So price has somewhat in a minor dip, $60k right now and so there could be profit taking here for retail investors. And as usual speculators and day traders are into it so it make sense to see the price somewhat into the $60k'ish. Still plenty of time for March for the bulls to push it higher and even hit new all time high? Bulls include us, retail investors and I think the market is being dominated by retail, in my opinion.

I don't think it's retail FOMO, otherwise we would have heard more crypto services down. Last time, more than 4 or 5 services were stopped, there is no positive news on a daily basis to cause all this FOMO, and greed is still at the beginning.
It is related to Coinbase, and I do not rule out that it happened intentionally or unintentionally.

Brian Armstrong CEO of Coinbase says

"We are dealing with a LARGE surge of traffic - apologies for any issues you encounter. The team is working to remediate."


This reminds me of 2017, 2021 when exchanges were crashes due to too much demand. Also prices were all over the place. Some exchanges hit $64K, while others couldn't do the the sheer demand.

FUN TIMES AHEAD!