Topic: say welcome to THE FOMO... (Read 555 times)
I think if we get past $10k before the halving, FOMO will continue post halving and could push it a bit further to $11k-$12k, and then after that, it's time to make profits for most investors and traders, so I would expect maybe 10% drop. I don't like to compare it with BSV or BCH though, BTC is totally different as far as miners support is concern. Maybe majority of the BTC miners got their hardware ready for the halving, specially big mining farms. For sort of mid level, it's a different story, maybe they will switch to other coins if the profit is not there anymore because of the difficulty.
Here is the thing. Everybody is expecting "buy the rumor, sell the news" because of what happened with BSV and BCH after the halvings. So since everybody is expecting a dump? Most likely it won't happen.
i wouldn't say "everyone", maybe a very small portion of people think that way but the majority either don't know what altcoins do or don't care. and keep in mind that these two are not the first shitcoins that didn't get a pump for their halvings and instead were dumped big time as miners left. much bigger altcoins like LTC expereinced the same thing. at this point people are aware that altcoin halving is equal to miners leaving and them dumping but bitcoin halving always means more miners coming and price shooting up to a new ATH.
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Maybe the price will be at $10k because we are close to that price. But there are so many possibilities for the price increases, and we don't know where the price will go. We can only predict by watching where the price moves, and we can try to buy low and sell high if we have a chance. But we still need to be careful because the market still not stable now, so if you want to buy more bitcoin, make sure you analyze first before you place the order buy.
Here is the thing. Everybody is expecting "buy the rumor, sell the news" because of what happened with BSV and BCH after the halvings. So since everybody is expecting a dump? Most likely it won't happen.
Why do you think everybody is expecting a dump? For every "sell the news" post I've seen, there are 20 bullish posts to counteract it.
Admittedly the forum should be expected to slant bullish, but there are lots more bulls than bears in my Twitter feed too. Longs also outnumber shorts more than 3:1 on Bitfinex, and Bitmex is holding above spot which means the market is skewed long.
It looks to me like BTCUSD will keep curving upwards into another explosion like April 29th. I'm ready for shenanigans though. I'm a strong believer in max pain and I no longer believe the direction of max pain is up.
FOMO can make someone rich and also make us buy some useless shit coins. I mean there have been ICOs in past where the FOMO (Fear of missing out) was so heavy on my that I invested way too much and regretted later.
Bitcoin halving also creates a FOMO in my mind but unlike shit coins its worth to invest some and I will do that, but added to that I was saving some bitcoins since sometime and I feel good that my coins will have more value now and I don't have to feel too anxious about missing out on bitcoins are the current price.
For those people who won big trade because of fomo, they are lucky but for sure that their gain will become losses if they will keep doing FOMO. I do not find any benefits or importance of using FOMO. We should avoid it especially if we want to become a advanced trader. Doing FOMO only means that we are not sure about what we are doing and we do not fully understand how trading works. If we can avoid FOMO, the risks will be lessen and we can be more profitable. Bitcoin halving also creates a FOMO in my mind but unlike shit coins its worth to invest some and I will do that, but added to that I was saving some bitcoins since sometime and I feel good that my coins will have more value now and I don't have to feel too anxious about missing out on bitcoins are the current price.
FOMO can make someone rich and also make us buy some useless shit coins. I mean there have been ICOs in past where the FOMO (Fear of missing out) was so heavy on my that I invested way too much and regretted later.
Bitcoin halving also creates a FOMO in my mind but unlike shit coins its worth to invest some and I will do that, but added to that I was saving some bitcoins since sometime and I feel good that my coins will have more value now and I don't have to feel too anxious about missing out on bitcoins are the current price.
Bitcoin halving also creates a FOMO in my mind but unlike shit coins its worth to invest some and I will do that, but added to that I was saving some bitcoins since sometime and I feel good that my coins will have more value now and I don't have to feel too anxious about missing out on bitcoins are the current price.
Here is the thing. Everybody is expecting "buy the rumor, sell the news" because of what happened with BSV and BCH after the halvings. So since everybody is expecting a dump? Most likely it won't happen.
I am sure it could however I think a good indicator of bitcoins price 3-6 months from now can be what happens right after the halving. Its suppose to dump but what if it doesn't? Means that there is more demand than supply and its growth is good.
However if it dumps and heads back down to the $7xxx area I won't be surprised. Either way, if you want to long don't do it on margin or leverage.
I am sure it could however I think a good indicator of bitcoins price 3-6 months from now can be what happens right after the halving. Its suppose to dump but what if it doesn't? Means that there is more demand than supply and its growth is good.
However if it dumps and heads back down to the $7xxx area I won't be surprised. Either way, if you want to long don't do it on margin or leverage.
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where do you think the price will be by the end of halving event?
where do you think the price will be by the end of halving event?
10,500 is my bet.
It goes back and forth from 8500-9500. So I guess when it is really that near this kind of people will buy more in just short term.
Better get ready also for a big dump afterwards. I am sure they will not stay.
Lot of people have the same thought since they already saw what happened before.
It may not be the halving (2017) but emotions will always win.
Seeing some news that spreading in this space is good at least it will boost the price up. As you can see on the Cointelegraph site there is a lot of good news and every good news comes we will see some of the crypto currency prices were increased. Exactly this is a good sign for crypto currency especially for bitcoin who just have five days left to see the halving event comes. I have a prediction that halving event will make bitcoin price up because the miners will sell bitcoin at the high price. They should pay an expansive price for the capital at least they should upgrade the mining tool.
FOMO makes the price of Bitcoin better, and I like that, now is the weekend, PUMP and DUMP are common, and only a few days of halving begin, maybe the price can touch $ 10000 on Tuesday or Friday, we'll see.
It makes the price going up but not permanently.
FOMO is not good for the price as the market is artificial at that period when fomo happens.
We don't need pumps and dumps in the bitcoin price as this creates bubbles.
Unless $9400 was the local top, if we keep going higher and higher until the halving, say go to like $11K-$12K or so. Then on the day or after of the halving I won't be surprised if we have a huge dump on "sell the news".
Seems everybody these days, especially the people watching CNBC are all trying to buy BTC because they think that the price has to double due to the halving. Many don't understand exactly what is going on and just want to make money. So its possible we pump into halving, then after halving we dump, and maybe in a few months we go back up when the covid19 cases finally starts to decline.
Seems everybody these days, especially the people watching CNBC are all trying to buy BTC because they think that the price has to double due to the halving. Many don't understand exactly what is going on and just want to make money. So its possible we pump into halving, then after halving we dump, and maybe in a few months we go back up when the covid19 cases finally starts to decline.
11 - 12k isnt enough pump to dump. it might sell of a little to 10k if it goes that high.
This is a healthy FOMO, and good for the Bullish Bitcoin rally,
i was actually thinking about this today. even though i post about FOMOs a lot but usually i am not happy about them because they are basically irrational behavior. but this time the rise that we had, even though it is categorically a FOMO but is a healthy one because most of the rise that we saw with its big size was a recovery not a rally.
I think it's true, I can't deny that this is also part of the rally, and also part of recovery, someone told me in February, if the lowest price of Bitcoin is in the $ 3000 zone, Ethereum at $ 80, and proven in March prices went down horribly, I know this is FOMO and look at the price now back to $ 9,000
This is a healthy FOMO, and good for the Bullish Bitcoin rally,
i was actually thinking about this today. even though i post about FOMOs a lot but usually i am not happy about them because they are basically irrational behavior. but this time the rise that we had, even though it is categorically a FOMO but is a healthy one because most of the rise that we saw with its big size was a recovery not a rally.
FOMO makes the price of Bitcoin better, and I like that, now is the weekend, PUMP and DUMP are common, and only a few days of halving begin, maybe the price can touch $ 10000 on Tuesday or Friday, we'll see.
It makes the price pump but its not healthy at all, FOMO will burst after that and we might lose the chance of the up trend. The pump should be base on real demand and development, I hope that we are on a heathy up trend right now and break the $10k barrier, after the halving we will see if this is just a FOMO or a real one.I thought that we are going to see a huge drop and then follow an upward trend.
did you forget that we already had a gigantic drop a couple of weeks ago? or do you expect huge drops to happen every week?I personally think the price could reach from 9k - 11k.
i think price will either stay below $10k or if it goes above it then there is a very good chance that it won't stop there and can reach something like $15k in a very short time specially during this FOMO wave.as we are getting closer to the halving and the recovery ends the price is starting to get warmed up for the big rises to start happening again.
on top of all that, we had all those panic sellers who are now left with a lot of fiat among them who were waiting for the dump to repeat so they can buy back.
here comes the FOMO...
surely enough within half a day price is nearly up $1000 and right now traffic to exchanges is increasing with crazy speed. the number of withdrawals are also so much that transaction fees have jumped up about 30 times...
where do you think the price will be by the end of halving event?
on top of all that, we had all those panic sellers who are now left with a lot of fiat among them who were waiting for the dump to repeat so they can buy back.
here comes the FOMO...
surely enough within half a day price is nearly up $1000 and right now traffic to exchanges is increasing with crazy speed. the number of withdrawals are also so much that transaction fees have jumped up about 30 times...
where do you think the price will be by the end of halving event?
FOMO is inevitable to happen. And in my opinion it came a little bit early.
I thought that we are going to see a huge drop and then follow an upward trend. I have a feeling that in the next days the market is going to go a little bit down and then reach nearly the ATH.
It could go down or It happened already when Bitcoin fall at $4,100 on March. That was the most remarkable time for the bottom seekers this year. Someone who bought at that level is already smiling these days.
There were people who actually thinks that the bottom price this year would be around $3,000. I don't think these people are about to see such figure when everyone is FOMOing already. Bitcoin is swinging from $8,800 to $9,000 level from the past 48 hrs. now.
The market movement today is indeed fueling a lot of investors to buy back because of the block halving effect.
Some of them who bought during the dip the last march may have dumped already for profit because of the lockdown. This lockdown also had forced people to sell their assets which likely those coins are now with the investors who could be selling for $12k price to double. The Fomo is here, hope to reach more than the ATH this year.
or just a bit longer it doesnt matter though because the market had risen a little bit which would be enough for us to make money if we consider
on buying lately if not and just waiting up for that possibly bottom then we're probably on regret now and just missed an another opportunity.
Talking about FOMO then its always been part of the market and when you get caught then your fucked up.
Yeah, the prices usually go up and down during the weekend a lot in any other period. However we are in a global pandemic that keeps billions of people at home, do you really think that Friday to Monday makes any change when everyone is at home? It could still potentially do it but I am not sure the real reason behind it so I am not sure. Does the price changes so much so quickly because people trade a lot more during weekends when they have the time for it?
Or is it more about trades being more active on forex and stocks etc during the week and when its weekend they move to crypto to keep on trading and make more money? If it is the first one, I think there is really no reason why there should be too much changes, but if it is the second I can understand it.
Or is it more about trades being more active on forex and stocks etc during the week and when its weekend they move to crypto to keep on trading and make more money? If it is the first one, I think there is really no reason why there should be too much changes, but if it is the second I can understand it.
Some of them who bought during the dip the last march may have dumped already for profit because of the lockdown. This lockdown also had forced people to sell their assets which likely those coins are now with the investors who could be selling for $12k price to double. The Fomo is here, hope to reach more than the ATH this year.
I still feel we still have a resistance to look up for but we can easily penetrate the $10,000 USD approaching the halving and I think because of the pandemic that is going o right now and economic trend on many countries are still on a halt I might say the all-time high right now might be unreachable at the moment and the possibility of just going beyond the level of $20,000 USD is basically not there, my guess after the halving we might just reach the $14,000 or $15,000 USD if we are lucky, but I am still hoping we could get there amidst the situation all over the world.
I sold some, but not all of course, I think we will cross 10k and maybe even hit 11-12k, it's not far from here, and we all know that bitcoin is capable for that, in just day or two btc price rise a couple thousand dollars.
Fear of missing out is what drive some people to buy, old story buy now while price is under 10k, soon we will leave 4 digit price for good. I think that we should be lucky if we cross 10k for now. New ath is coming, but I doubt we will see that this year. It's just my opinion, too much turbulence on the global stage, in long run its good to invest of course, but I believe that we will see many more ups and downs before we hit new ath.
FOMO makes the price of Bitcoin better, and I like that, now is the weekend, PUMP and DUMP are common, and only a few days of halving begin, maybe the price can touch $ 10000 on Tuesday or Friday, we'll see.
Some of them who bought during the dip the last march may have dumped already for profit because of the lockdown. This lockdown also had forced people to sell their assets which likely those coins are now with the investors who could be selling for $12k price to double. The Fomo is here, hope to reach more than the ATH this year.
I still feel we still have a resistance to look up for but we can easily penetrate the $10,000 USD approaching the halving and I think because of the pandemic that is going o right now and economic trend on many countries are still on a halt I might say the all-time high right now might be unreachable at the moment and the possibility of just going beyond the level of $20,000 USD is basically not there, my guess after the halving we might just reach the $14,000 or $15,000 USD if we are lucky, but I am still hoping we could get there amidst the situation all over the world.
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