say welcome to THE FOMO... - page 2.

Jating

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Quote from: Oasisman on May 03, 2020, 02:06:19 AM

Quote from: Naida_BR on May 02, 2020, 06:40:07 AM

Quote from: BrewMaster on April 29, 2020, 11:21:34 AM

[..snip..]

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.

I think it's $3800, it is the lowest price during the flash crash. It was really a great opportunity, actually I was able to get out that time and still buy BTC with some of my friends, then HODL until now. Those who think that we can still bottom are going to wait for a long time because it might not just happen pre-halving. The price has rally so much from the March flash crash that those who took the opportunity that time to buy are making a huge profit today. And then FOMO sits-in, which really pushes the price. I wouldn't be surprised if we go for broke at five digits before this big halving event.

enhu

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Quote from: Oasisman on May 03, 2020, 02:06:19 AM

Quote from: Naida_BR on May 02, 2020, 06:40:07 AM

Quote from: BrewMaster on April 29, 2020, 11:21:34 AM

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?

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.

Oasisman

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Quote from: Naida_BR on May 02, 2020, 06:40:07 AM

Quote from: BrewMaster on April 29, 2020, 11:21:34 AM

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?

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.

boyptc

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Quote from: ningrum on May 02, 2020, 01:14:52 PM

all the news on social media, youtube and news on google tell about Halving Bitcoin,
maybe this is what makes FOMO for the crypto world increase, I like it coming again Grin

It does.

The google search trend for "bitcoin halving" has increased and this is all for the FOMO.

--> https://trends.google.com/trends/explore?q=bitcoin%20halving&geo=US

adaseb

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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.

mahilchii

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All eyes are on BTC halving now and it is always exciting to see the predictions from social media to everyone FOMOs are spreading and I believe they have increased the price in several instance, I personally think the price could reach from 9k - 11k.

There are hundreds of predictors in this forum most of them give a unique speculation and most of them fail, at this moment we need to be careful. Especially the panic sellers, hopefully there will be a descent price range while Halving just have some patience before selling..

ningrum

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all the news on social media, youtube and news on google tell about Halving Bitcoin,
maybe this is what makes FOMO for the crypto world increase, I like it coming again Grin

Fundamentals Of

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Quote from: Naida_BR on May 02, 2020, 06:40:07 AM

Quote from: BrewMaster on April 29, 2020, 11:21:34 AM

snip

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.

Halving will finally take place in a little more than a week. That must have brought excitement and positive feeling to many Bitcoin fans out there causing the price to rise. The temporary fall of price that followed has already happened but it did not cancel out the huge gain of the recent surge. It seems it has already ended somewhere at $7,500 and we are now on for another upward movement. This might go straight to $9,500. The ATH is too high for now.

Naida_BR

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Quote from: BrewMaster on April 29, 2020, 11:21:34 AM

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?

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.

BrewMaster

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There is trouble abrewing

so far the aftermath of the current ongoing FOMO has been a $1800 rise (which is nearly 24%) in 24 hours. i'd say it is a good start with the day traders shock (selling too soon during the rise) putting a pause on the FOMO rise we are now seeing some slowing down.
if the FOMO picks up again and $9k is broken once again i can see prices above $10k in the next 24 hours.

The Cryptovator

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Yea, seems halving FOMO has worked well. Until yesterday I was believed that current pump was likely bull trap but seems I were wrong. When I have seen todays price till now and become surprised. We don't know where it will stop but I am assuming it would grow upto halving date. After that there would FUD and start downtrend.

Soo many predictors had been predicted different price goal for halving. As we know these all predictions won't worked perhaps luckily someone's predictions would become true. But if there were not global epidemic then I had been expected this halving would drive bitcoin price to previous height. But now I am on confuse and that's why yesterday I had sold some of my bitcoin. We have to wait to see current game of bitcoin during halving occasion.

boyptc

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Quote from: Jating on April 29, 2020, 11:06:25 PM

Quote from: boyptc on April 29, 2020, 10:46:11 PM

Quote from: The Sceptical Chymist on April 29, 2020, 07:51:46 PM

Quote from: boyptc on April 29, 2020, 12:49:01 PM

$8800 as of writing this.

Wowza! I checked the price earlier today and it was just above $8k, so that's a lot of movement in a very short period of time. We'll just have to see how sustainable it is.

It just steps on $9,085 as of the moment.

This is now making me fear. But no need to have that feeling right now, I have to enjoy this ride, especially after the halving. People do buy in preparation for the halving with the belief of rising afterward.

I do agree that we are in the FOMO zone again, I remember last year when we enter the 5 digits, it was clearly FOMO but that pushed the price around $10k-$13k May-June if I'm not mistaken. So we might see it again, although the scenario might be very different because of the halving and the pandemic.

Just 11 days before the halving, I wouldn't be surprised if we go on and reach 5 digits again, but there could be some minor pullback along the way. If we get past $9200-$9300 then there could be a lot of resistance, just saying.

I do remember that and I thought that it's heading towards $15k but it didn't however, that was a good run. Things are getting more exciting as the halving approaches, FOMO is for real and we don't know how long this will last.

$9400 as I type.

davis196

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Quote from: BrewMaster on April 29, 2020, 11:21:34 AM

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?

Last week,I had a shortage of cash and I had to sell some of my BTC for fiat to pay some bills. Angry

Now I regret that.Anyway,the crypto market is going up,the corona pandemic is going down(if we can trust the statistics) and the BTC halving is getting closer.We are in the FOMO phase,but I'm not that optimistic.There will be a short term price pump,like last year's price pump in June-July,but after July the price will stabilize under 10K USD.I'm just speculating,this is not some opinion coming from an expert.

Harriti

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Quote from: BrewMaster on April 29, 2020, 11:21:34 AM

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?

I cannot predict the exact price of bitcoin, but I guarantee that after the big pump yesterday it will have to correct. When the halving of bitcoin ends, most small fish will continue to buy in for fear of a price rise later. but it will be an opportunity for the whales to cool down the market and the price will return about $ 7k3. Many people who make Long margin trading lose big and that's when the whales can buy more bitcoin at a better price. That is my short-term judgment. My medium and long term outlook is still going to be around $ 15k or $ 17k.

Jating

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Quote from: boyptc on April 29, 2020, 10:46:11 PM

Quote from: The Sceptical Chymist on April 29, 2020, 07:51:46 PM

Quote from: boyptc on April 29, 2020, 12:49:01 PM

$8800 as of writing this.

Wowza! I checked the price earlier today and it was just above $8k, so that's a lot of movement in a very short period of time. We'll just have to see how sustainable it is.

It just steps on $9,085 as of the moment.

This is now making me fear. But no need to have that feeling right now, I have to enjoy this ride, especially after the halving. People do buy in preparation for the halving with the belief of rising afterward.

I do agree that we are in the FOMO zone again, I remember last year when we enter the 5 digits, it was clearly FOMO but that pushed the price around $10k-$13k May-June if I'm not mistaken. So we might see it again, although the scenario might be very different because of the halving and the pandemic.

Just 11 days before the halving, I wouldn't be surprised if we go on and reach 5 digits again, but there could be some minor pullback along the way. If we get past $9200-$9300 then there could be a lot of resistance, just saying.

boyptc

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Quote from: The Sceptical Chymist on April 29, 2020, 07:51:46 PM

Quote from: boyptc on April 29, 2020, 12:49:01 PM

$8800 as of writing this.

Wowza! I checked the price earlier today and it was just above $8k, so that's a lot of movement in a very short period of time. We'll just have to see how sustainable it is.

It just steps on $9,085 as of the moment.

This is now making me fear. But no need to have that feeling right now, I have to enjoy this ride, especially after the halving. People do buy in preparation for the halving with the belief of rising afterward.

pooya87

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Quote from: The Sceptical Chymist on April 29, 2020, 07:51:46 PM

Quote from: boyptc on April 29, 2020, 12:49:01 PM

$8800 as of writing this.

Wowza! I checked the price earlier today and it was just above $8k, so that's a lot of movement in a very short period of time. We'll just have to see how sustainable it is.

I have to say, gains like that are precisely what cause FOMO, and there might be some of that emotion in the market right now. Given how crazy life has gotten in the past two months, I'm kind of surprised bitcoin hasn't taken a bigger hit (which it looked like it would at the start of the COVID-19 crisis). People are probably becoming more optimistic about going back to work and things going back to some semblance of normalcy--so they're buying bitcoin again. It's all good to my ears.

FOMO was perfectly expected as price was stuck below the certain levels even though the demand was building up. not to mention all the hype that we had, all the positive news that never led to any kind of rise,... that is why i am not surprised why bitcoin is reacting this way. it was never even supposed to take any hit from the craziness in the world at least not such a gigantic one anyways.

The Sceptical Chymist

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Quote from: boyptc on April 29, 2020, 12:49:01 PM

$8800 as of writing this.

Wowza! I checked the price earlier today and it was just above $8k, so that's a lot of movement in a very short period of time. We'll just have to see how sustainable it is.

I have to say, gains like that are precisely what cause FOMO, and there might be some of that emotion in the market right now. Given how crazy life has gotten in the past two months, I'm kind of surprised bitcoin hasn't taken a bigger hit (which it looked like it would at the start of the COVID-19 crisis). People are probably becoming more optimistic about going back to work and things going back to some semblance of normalcy--so they're buying bitcoin again. It's all good to my ears.

GreatArkansas

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Quote from: BrewMaster on April 29, 2020, 11:21:34 AM

(.....)
where do you think the price will be by the end of halving event?

I am expecting a few pullbacks before we will go to $10,000 before halving or much worst, we can't make it to $10,000 before halving.
I am expecting a pullback around $8,000 or much worst is below around $7,600. Pure speculations.
If we will able to make it to $9,000 and even these levels, some people already starting to take profits or starting to close their long positions from $7,000 levels.

Mahanton

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Quote from: BrewMaster on April 29, 2020, 11:21:34 AM

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?

And to those bottom seekers are actually banging their head as of this moment when they do try to check out on whats the current price.They have made some profits now if they have just risked on buying earlier then they are already making profits as of this moment. We do only have 12 days left and we do already see some significant price increase but we cant actually tell on when this rally might stop.We cant still be sure if we wont
able to see some deep pullbacks later on or simply this is just a bull trap and would suddenly have some u-turn.Anything is possible but now i've already secured out my profits.

Topic: say welcome to THE FOMO... - page 2. (Read 555 times)