THE FOMO! | Bitcointalksearch.org

Whaleagent

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Quote from: samcrypto on May 18, 2019, 06:31:38 PM

Quote from: EastSound on May 17, 2019, 01:11:54 AM

The Fomo might did not start since media doesnt talk about bitcoin much, we still need a higher price to tickle the interest of other financial institutions. They are still skeptical about the sudden increase of value in the market.

But a lot newbies are on trap again on the level of $8200 since they just came here for a reason of FOMO and didn’t even make any analysis. I’m not saying that bitcoin will not recover to $8k level and above, but acting without any preparations is a bad habit. FOMO can lose your money, the recent pump is just a retest to make a good run and short corrections happens, next FOMO will beging again on $10k level.

Doubt there are many newcomers buying right now, the price action wasn't enough to attract a big enough crowd of newbies. The small amount of newbies who are buying right now is not affecting the price whatsoever, it's still the big players playing the game right now, the search results for bitcoin went up but are still waaay lower than they were in 2017.

Pattart

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Quote from: Distinctin on May 16, 2019, 11:00:12 PM

Quote from: Dreamchaser21 on May 16, 2019, 06:50:31 PM

Right now there’s a FOMO buy its not that high compare to the previous pump meaning investors know that this is the beginning of bull market, besides we don’t see any big corrections right now and the price is still pumping. Its not FOMO if you plan to hold for long term because that’s what investors did.

FOMO will be higher if we will have a new ATH, every time we break an ATH, there's always big FOMO happening.
Our situation now is different, we came from a long correction and we are just recovering, so maybe if we will reach $20K soon, we can expect some FOMO.

FOMO will continue to occur if these positive conditions continue, look at this thread made last month and in fact FOMO make price rise more than $4k. and the price broke through $8k, rising very quickly in a short time, who are investors who are not interested in buying seeing the speed of price increases?

samcrypto

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Quote from: EastSound on May 17, 2019, 01:11:54 AM

The Fomo might did not start since media doesnt talk about bitcoin much, we still need a higher price to tickle the interest of other financial institutions. They are still skeptical about the sudden increase of value in the market.

But a lot newbies are on trap again on the level of $8200 since they just came here for a reason of FOMO and didn’t even make any analysis. I’m not saying that bitcoin will not recover to $8k level and above, but acting without any preparations is a bad habit. FOMO can lose your money, the recent pump is just a retest to make a good run and short corrections happens, next FOMO will beging again on $10k level.

Sanitough

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Quote from: EastSound on May 17, 2019, 01:11:54 AM

The Fomo might did not start since media doesnt talk about bitcoin much, we still need a higher price to tickle the interest of other financial institutions. They are still skeptical about the sudden increase of value in the market.

They'll talk when the price pump hard, the market does not rely on media because whales can alone manipulate the price.
Maybe when we are close to our ATH, the media will begin to hype crypto and potential investors will come again especially the new one.
The market is still good now despite a dump that happen lately, it was able to stay at $7000 which is a major improvement compared to last month's price.

EastSound

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The Fomo might did not start since media doesnt talk about bitcoin much, we still need a higher price to tickle the interest of other financial institutions. They are still skeptical about the sudden increase of value in the market.

Distinctin

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Quote from: Dreamchaser21 on May 16, 2019, 06:50:31 PM

Right now there’s a FOMO buy its not that high compare to the previous pump meaning investors know that this is the beginning of bull market, besides we don’t see any big corrections right now and the price is still pumping. Its not FOMO if you plan to hold for long term because that’s what investors did.

FOMO will be higher if we will have a new ATH, every time we break an ATH, there's always big FOMO happening.
Our situation now is different, we came from a long correction and we are just recovering, so maybe if we will reach $20K soon, we can expect some FOMO.

Dreamchaser21

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Quote from: dimonstration on May 16, 2019, 12:47:14 PM

Quote from: klaaas on May 15, 2019, 02:45:41 PM

Quote from: STT on May 14, 2019, 04:24:56 PM

FOMO is short term effect I think, I'd much rather see more solid effects in play like actual usage not speculative holds .

It depends on the speed that is gos and gain on the chart. The higher the spikes the more people will buy inn. We have to wait to see how much steam this bull got Wink

It's still hard to put some numbers since bitcoin just started to increase this month and it still not that fast how it act in 2017 bullrun. The good things is that many crypto investors were thinking of coming back due to this increase. Maybe just waiting for some numbers to hit.

Right now there’s a FOMO buy its not that high compare to the previous pump meaning investors know that this is the beginning of bull market, besides we don’t see any big corrections right now and the price is still pumping. Its not FOMO if you plan to hold for long term because that’s what investors did.

STT

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Quote from: klaaas on May 15, 2019, 02:45:41 PM

It depends on the speed that is gos and gain on the chart. The higher the spikes the more people will buy inn. We have to wait to see how much steam this bull got Wink

Oh I think the spikes can be high, I dont doubt the power but the reason the shape of the move is a spike is that its sudden and sharp upwards. It can reverse as it draws in alot of speculators more then users who have the reasoning to hold on overnight and into weeks to use the BTC on whatever their interest is etc.
It'll build a base much stronger long term if we can spiral upwards like a staircase more then a spike. I prefer people posting doubts while we gain on a more monthly type basis

dimonstration

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Dimon69

Quote from: klaaas on May 15, 2019, 02:45:41 PM

Quote from: STT on May 14, 2019, 04:24:56 PM

FOMO is short term effect I think, I'd much rather see more solid effects in play like actual usage not speculative holds .

It depends on the speed that is gos and gain on the chart. The higher the spikes the more people will buy inn. We have to wait to see how much steam this bull got Wink

It's still hard to put some numbers since bitcoin just started to increase this month and it still not that fast how it act in 2017 bullrun. The good things is that many crypto investors were thinking of coming back due to this increase. Maybe just waiting for some numbers to hit.

beerlover

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Quote from: Mpamaegbu on May 14, 2019, 11:53:30 AM

Quote from: BrewMaster on April 02, 2019, 08:08:54 AM

a while ago i started a topic here talking about the FOMO that is going to occur when the price rise begins. here is the topic: https://bitcointalksearch.org/topic/what-do-you-think-the-size-of-the-fomo-going-to-be-when-it-starts-5108231
although there weren't that many votes but it seems like most people got the right answer (the shoot up to $5k) which was the FOMO that i was talking about there. the initial leg up which shoots price upwards $1000 in a couple of hours.

now another question. what do you think the next leg up is going to be? maybe you think there is no FOMO and only a slow rise this time?
lets see how the results are going to be this time...

Like a true prophet you spoke. The FOMO has already begun. We are already past $8k. Who knows, $10k may be the next level by nest week.

Honestly, I wish the FOMO wouldn't be there so that we can have a slow and steady kind of rise. The fresh monies coming in should be gradual so as not to cause a similar dump we all witnessed in 2018.

But, how can we really be certain that FOMO is really partaking in this price increase, to me, I feel fomo is yet to set in, and this increase we are seeing is just as a result of some good projects being released into the market that are quite attached to bitcoin.

Let us take for example, I heard of 2 great retailers very popular who has integrated bitcoin as payment for their products, I have heard of tether news about their over printing accusation, and I have heard of Binance disabling withdrawal and depositing of coins in their exchange for the main time and many more, these factors coming all together at same time could be a major reason for the spike.

1Referee

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Quote from: Natalim on May 14, 2019, 10:30:04 PM

With $6000 as the new low and the current price is only $8000, I think this will allow investors to enter.

$6000 the new low? How so? We haven't even tested it yet. On top of that, the market hasn't respected the resistance levels that the charts and volume indicators were hinting at, so why would they be respected on the way down when the short term demand vanishes as quickly as it popped up?

Nothing in the market has changed to the degree where I would be comfortable saying that sub $6000 or $5000 levels are history. I'm comfortable saying that about sub $4000 levels, but that's it. Bitcoin has been generous offering second chances to buy lower, so just have some patience and enjoy all the price action that's happening right now.

klaaas

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Quote from: STT on May 14, 2019, 04:24:56 PM

FOMO is short term effect I think, I'd much rather see more solid effects in play like actual usage not speculative holds .

It depends on the speed that is gos and gain on the chart. The higher the spikes the more people will buy inn. We have to wait to see how much steam this bull got Wink

Kemarit

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Quote from: BrewMaster on May 15, 2019, 01:08:55 PM

Quote from: Distinctin on May 14, 2019, 02:45:38 AM

Quote from: BrewMaster on May 13, 2019, 11:34:16 AM

now i am wondering how big this will be before the market calms down. 10k maybe?

mmmm.. maybe mate, we can't tell right now but we have to expect big.
We cannot compare this bull run to last bull run which happened in 2017 as this is that is happening now is bigger.
For over a year had passed, a lot of improvement already happen in crypto, bear market shows last year but the fundamentals keeps improving.

i completely agree that each bull run is unique and every time it only grows more because of a lot more adoption but there still are a lot of similarities between them. with that in mind this is like the last bull run but we are not in the end of the bull run to be comparing it with 2017, we are at the very start of it so it should be compared with 2015 instead. now you can see more similarities.... stable accumulation, sudden giant drop below strong support, lots of sad people who gave up on bitcoin calling it dead, the big recovery, initial FOMO jumps and the slow rise afterwards with the bull run of about 2.5x by the end of that year.

Of course the FOMO of 2017 can't be compare with what we are seeing right now. We've seen a lot of irrational buyers in that massive spike in December of 2017, but I'm seeing FOMO, but I would say it's minimal though, maybe those who FOMO doesn't want to experience the scenario of 2017. So they are very calculated. Right now there are a shifting from alts->bitcoin->alts->bitcoin. So they are smart and knowing that this is just the beginning of a bull run, but they can also make more money but moving their money around in the market.

BrewMaster

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Quote from: Distinctin on May 14, 2019, 02:45:38 AM

Quote from: BrewMaster on May 13, 2019, 11:34:16 AM

now i am wondering how big this will be before the market calms down. 10k maybe?

mmmm.. maybe mate, we can't tell right now but we have to expect big.
We cannot compare this bull run to last bull run which happened in 2017 as this is that is happening now is bigger.
For over a year had passed, a lot of improvement already happen in crypto, bear market shows last year but the fundamentals keeps improving.

i completely agree that each bull run is unique and every time it only grows more because of a lot more adoption but there still are a lot of similarities between them. with that in mind this is like the last bull run but we are not in the end of the bull run to be comparing it with 2017, we are at the very start of it so it should be compared with 2015 instead. now you can see more similarities.... stable accumulation, sudden giant drop below strong support, lots of sad people who gave up on bitcoin calling it dead, the big recovery, initial FOMO jumps and the slow rise afterwards with the bull run of about 2.5x by the end of that year.

Natalim

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Quote from: STT on May 14, 2019, 04:24:56 PM

FOMO is short term effect I think, I'd much rather see more solid effects in play like actual usage not speculative holds . The price will or should cycle in a range of prices, it might be 6000 is the new low now. That cycle allows many people to enter without it purely being about catching the gain, some are always going to be selling the higher edge of that range because they are leveraged.

With $6000 as the new low and the current price is only $8000, I think this will allow investors to enter.
Good to witness the market still bullish and I see some FOMO and it will keep growing as the price is pump many times.
This is the time where we have to be cautious also, let us just don't watch it, but also make a strategy on how to benefit the situation.

STT

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FOMO is short term effect I think, I'd much rather see more solid effects in play like actual usage not speculative holds . The price will or should cycle in a range of prices, it might be 6000 is the new low now. That cycle allows many people to enter without it purely being about catching the gain, some are always going to be selling the higher edge of that range because they are leveraged.

BitHodler

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Quote from: Mpamaegbu on May 14, 2019, 11:53:30 AM

Honestly, I wish the FOMO wouldn't be there so that we can have a slow and steady kind of rise. The fresh monies coming in should be gradual so as not to cause a similar dump we all witnessed in 2018.

It's impossible to demand anything like that from the market. When the price is going up rapidly, people automatically get hyped up and buy in to no longer be the loser that keeps missing out on these rushes.

Another thing is that retailers in general love to buy things that are going up. For them it's literally a matter of Bitcoin going up means it's doing well, where price down means they think it will fail and could even become worthless.

It's completely stupid of course, but that's how they think. We hovered below $4000 for quite some time, which is an indication that retail money wasn't interested. These people are buying as we speak.

Oceat

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Quote from: Mpamaegbu on May 14, 2019, 11:53:30 AM

Quote from: BrewMaster on April 02, 2019, 08:08:54 AM

a while ago i started a topic here talking about the FOMO that is going to occur when the price rise begins. here is the topic: https://bitcointalksearch.org/topic/what-do-you-think-the-size-of-the-fomo-going-to-be-when-it-starts-5108231
although there weren't that many votes but it seems like most people got the right answer (the shoot up to $5k) which was the FOMO that i was talking about there. the initial leg up which shoots price upwards $1000 in a couple of hours.

now another question. what do you think the next leg up is going to be? maybe you think there is no FOMO and only a slow rise this time?
lets see how the results are going to be this time...

Like a true prophet you spoke. The FOMO has already begun. We are already past $8k. Who knows, $10k may be the next level by nest week.

Honestly, I wish the FOMO wouldn't be there so that we can have a slow and steady kind of rise. The fresh monies coming in should be gradual so as not to cause a similar dump we all witnessed in 2018.

If this continues within about a week, Bitcoin will reach the $10k level and the five-figure is just happening too early the way i expected it.

But of course, FOMO will also set in, to those who are doing short since they want to gain some from this hype-up market.

Mpamaegbu

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Quote from: BrewMaster on April 02, 2019, 08:08:54 AM

a while ago i started a topic here talking about the FOMO that is going to occur when the price rise begins. here is the topic: https://bitcointalksearch.org/topic/what-do-you-think-the-size-of-the-fomo-going-to-be-when-it-starts-5108231
although there weren't that many votes but it seems like most people got the right answer (the shoot up to $5k) which was the FOMO that i was talking about there. the initial leg up which shoots price upwards $1000 in a couple of hours.

now another question. what do you think the next leg up is going to be? maybe you think there is no FOMO and only a slow rise this time?
lets see how the results are going to be this time...

Like a true prophet you spoke. The FOMO has already begun. We are already past $8k. Who knows, $10k may be the next level by nest week.

Honestly, I wish the FOMO wouldn't be there so that we can have a slow and steady kind of rise. The fresh monies coming in should be gradual so as not to cause a similar dump we all witnessed in 2018.

wuvdoll

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I am super happy about the fact that I actually clicked "much more" in my answer. Thankfully I was planning on the price going much higher as well and that is why I had much more bitcoins too (although I spent some of the new investments into altcoins as well but I am sure that will go up too).

I have been working real hard to make most money I can possible make and put it all on cryptocurrency in general, some of it was bitcoin but I bought some altcoins and right now I am super in profit, even on a small scale investment compared to most of the whales in crypto world mine got up so high that it is literally one months salary in profit which was something I literally didn't expected at all. Hopefully the price will continue to go up so we can reap more profits.

Topic: THE FOMO! (Read 12875 times)