THE FOMO! - page 4. | Bitcointalksearch.org

tokeweed

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Quote from: tomahawk9 on April 02, 2019, 01:06:40 PM

Quote from: The Cryptovator on April 02, 2019, 08:55:53 AM

And its true today's sudden pump is due to FOMO.

I think the 'real' FOMO wave would've kicked in once people woke up and saw the big spike in the price (seems like the sudden increase happened around midnight in USA time, early morning in Europe) and we would've seen another big pump after the first thanks to fomo buyers and we probably would've reached 5k or even a bit more.

It's still a break out from its 3k - 4k USD range tho. Let's see how it pans out. It could be the start of a huge trend back to... I won't even say it (maybe ath. Lmao).

Anyway, it could be the right time to max out the cc to buy crypto again. Lololol. Cheesy

talkbitcoin

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i expect a more slow rise from now on compared to big jumps and lots of FOMO buys and it sounds more logical to me too because we are getting out of a big and long bear market that has left the market damaged and the investors confidence in ruins specially with the latest drop which was unrealistic and scared people off.
also last time we were in the same situation, the rise had a spike and then it was mostly slower rises instead of spike-y rises.

Oasisman

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Quote from: michellee on April 03, 2019, 12:42:07 AM

Quote from: pooya87 on April 02, 2019, 10:52:52 PM

and now we are back above $5000 with a solid slower rise after the correction occurred. i believe it has been a bigger FOMO than i expected and now people are slowly coming back to the market buying bitcoin with the money they have been holding and waiting for the opportunity or signal of rising.
to be honest at this point i am expecting $6k range before the week ends.

If the situations can be like this, I am sure we can reach those number, but now, the price is back to $4800-$4900 and stay at that level. But there is a chance for the price to increase higher again as the line still goes up. The rise of bitcoin trigger the other coin to increase and some old coins has to adjust their price, and so do the new coins, and we can hope that it is the time for the bull to shows up to us.

While I am writing this, Bitcoin is sits exactly at $4,923.31. After it reached $5k yesterday, the price slowly crawled back to that figure a while ago.
So, do you guys consider this as a bull run or are you still looking for more signs of bull run? Or is this still an effect of FOMOing?

P.s anyway I voted for $1000 fomo.

michellee

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Quote from: pooya87 on April 02, 2019, 10:52:52 PM

and now we are back above $5000 with a solid slower rise after the correction occurred. i believe it has been a bigger FOMO than i expected and now people are slowly coming back to the market buying bitcoin with the money they have been holding and waiting for the opportunity or signal of rising.
to be honest at this point i am expecting $6k range before the week ends.

If the situations can be like this, I am sure we can reach those number, but now, the price is back to $4800-$4900 and stay at that level. But there is a chance for the price to increase higher again as the line still goes up. The rise of bitcoin trigger the other coin to increase and some old coins has to adjust their price, and so do the new coins, and we can hope that it is the time for the bull to shows up to us.

pooya87

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and now we are back above $5000 with a solid slower rise after the correction occurred. i believe it has been a bigger FOMO than i expected and now people are slowly coming back to the market buying bitcoin with the money they have been holding and waiting for the opportunity or signal of rising.
to be honest at this point i am expecting $6k range before the week ends.

tomahawk9

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Quote from: The Cryptovator on April 02, 2019, 08:55:53 AM

And its true today's sudden pump is due to FOMO.

I think the 'real' FOMO wave would've kicked in once people woke up and saw the big spike in the price (seems like the sudden increase happened around midnight in USA time, early morning in Europe) and we would've seen another big pump after the first thanks to fomo buyers and we probably would've reached 5k or even a bit more.

Quote from: fabiorem on April 02, 2019, 10:05:55 AM

I run bitcoin-qt and it slowed down. Fees have also increased. This dont happened the other times.

Fees have been on the rise over the past few days for no apparent reason. I made a transaction yesterday and the optimal fee was around 60 sat/B. A week ago, fees were around 16 sat/B

BitcoinPanther

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Quote from: dothebeats on April 02, 2019, 08:26:54 AM

The $800-$1000 price increase earlier was so abrupt that it looks like someone just bought a huge number of coins on an exchange and forgot that they might affect the market,

Yes you are correct, some mysterious buyer bought 20,000 Bitcoin across the market exchange. It's on the news, https://thenextweb.com/hardfork/2019/04/02/mystery-buyer-bitcoin-price-5000-cryptocurrency/. It seems some Big whales is up for Bitcoin investment.

I would go for $1000, it is still a conservative guess since we all know how crazy Bitcoin market is. Once FOMO kicks in there is no stopping on the uptrend until it hits the ceiling.

El duderino_

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Quote from: o_e_l_e_o on April 02, 2019, 10:30:36 AM

Quote from: BrewMaster on April 02, 2019, 10:19:01 AM

-snip-

Agreed. Although there are some idiots like my friend who FOMOed in at the peak, the majority of this movement was bots and pre-existing buy stop orders.

Quote from: BitBustah on April 02, 2019, 10:23:22 AM

$4900 is still a low price anyways, when we reach a new all time high he will be very happy with his purchase.

True, if he can be convinced just to hold on. I expect if we see a pull back down to low to mid 4000s, he will panic and sell before the next upward movements, and then end up FOMOing in again at the height of the next rally. Some people just have no patience.

I really wouldn’t know whats gonna happen even a Sharp drop could happen, hope always not for that scenario “but in BTC”
All is possible

What is the really most important thing in BTC is as o_e_l_e_o says PATIENCE .... and accumulate when possible

User count wil keep increasing and price Will follow

fudster

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Don't you guys think this is still a trap?

Now that's going to create a a FOMO.

Adriano2010

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The Fomo has start but we need more buy orders then sell and i hope to break 5000$ resistance and after i think the next stop is 7000$ and the price can goes to 10,000 after more time.

kenzawak

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Quote from: tokeweed on April 02, 2019, 10:47:38 AM

^ It went over 5k USD for a bit. And I don't think there's 'fomo'. It looks like one guy or one group in coordination with another guy or group. If there was any real fomo from the crowd, it would've gone to 6k USD easy.

Three possibilities ?

-Just one guy :
https://dailyhodl.com/2019/04/02/massive-bitcoin-whale-triggered-btc-surge-with-100-million-order-says-crypto-investment-firm-ceo/

-April fools fucking with bots
https://www.financemagnates.com/cryptocurrency/news/sec-drops-the-bomb-approves-bitcoin-etfs-markets-skyrocket

-Breaking 4,2 was all we needed
https://cryptobriefing.com/bitcoin-erupts-shorts-wiped/

tokeweed

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^ It went over 5k USD for a bit. And I don't think there's 'fomo'. It looks like one guy or one group in coordination with another guy or group. If there was any real fomo from the crowd, it would've gone to 6k USD easy.

The Sceptical Chymist

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Holy crap, I woke up this morning to bitcoin at more than $4700! That's quite an increase--but I'm still not convinced that this is an actual trend or if we're going to end up back where we started in a week or so.

As far as FOMO goes, I bet it played a part in this recent rise. It always does when the market really starts to move. People get impatient and start remembering all the times they missed out on profiting from bitcoin's crazy swings, and they start throwing money into the market. It's all good, though. I'm sure this is making a lot of people a lot of money. And I don't have a clue when the next leg up is going to be at. Not even sure what that means.

tokeweed

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I wonder who the buyer (or buyers) was. I mean it looks like a guy or one group cos all that +20% rise happened in one go for a tad under two hours.

If you can find out who that is, I think you could at least figure out what's up and have some idea how far this really goes.

o_e_l_e_o

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Quote from: BrewMaster on April 02, 2019, 10:19:01 AM

-snip-

Agreed. Although there are some idiots like my friend who FOMOed in at the peak, the majority of this movement was bots and pre-existing buy stop orders.

Quote from: BitBustah on April 02, 2019, 10:23:22 AM

$4900 is still a low price anyways, when we reach a new all time high he will be very happy with his purchase.

True, if he can be convinced just to hold on. I expect if we see a pull back down to low to mid 4000s, he will panic and sell before the next upward movements, and then end up FOMOing in again at the height of the next rally. Some people just have no patience.

BitBustah

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Quote from: o_e_l_e_o on April 02, 2019, 10:16:11 AM

Talking about FOMO, I have a friend who messaged me this morning to say bought a couple of thousand dollars worth at around $4,900, and is upset that it has already lost some value. When I asked him what he had been doing for the last 4 months of sideways movement, he said he'd been "waiting for the right time". What made him think that after a pump of 20% in an hour was suddenly "the right time" is beyond me.

I thought we would correct a bit harder than we have, and I still think we might over the next day or two.

That is just the newbie's mindset, they are scared to buy when they see red. This is why we see this crazy parabolic rises. $4900 is still a low price anyways, when we reach a new all time high he will be very happy with his purchase.

BrewMaster

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Quote from: dothebeats on April 02, 2019, 08:26:54 AM

The $800-$1000 price increase earlier was so abrupt that it looks like someone just bought a huge number of coins on an exchange and forgot that they might affect the market,

that was the bots madness (at least the initial big rise). when the resistance was broken, usually there are bots that have open watchers to execute buy orders in case price goes above that level ($4200) and that is exactly what happened. an inflow of lots of automatic buys, then the FOMO begins and the price shoots up to $5000

this is what i think happened:

Quote from: o_e_l_e_o on April 02, 2019, 10:16:11 AM

Talking about FOMO, I have a friend who messaged me this morning to say bought a couple of thousand dollars worth at around $4,900, and is upset that it has already lost some value. When I asked him what he had been doing for the last 4 months of sideways movement, he said he'd been "waiting for the right time". What made him think that after a pump of 20% in an hour was suddenly "the right time" is beyond me.

I thought we would correct a bit harder than we have, and I still think we might over the next day or two.

this is one of the main reasons that i have been and still am expecting F.O.M.O. there are a lot of people who are doing the same. they wait for that drop (down to $1000) which someone on the internet promised them!!! then panic when the price rises up and they realize that promise was an FUD.

gentlemand

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In the great scheme of things this isn't a truly radical move. Perhaps we could do without FOMO for quite some time. If it goes straight into overheat mode again that's not going to end well. I'd be happy if it settled downwards a bit from here and slowly grew.

o_e_l_e_o

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Talking about FOMO, I have a friend who messaged me this morning to say bought a couple of thousand dollars worth at around $4,900, and is upset that it has already lost some value. When I asked him what he had been doing for the last 4 months of sideways movement, he said he'd been "waiting for the right time". What made him think that after a pump of 20% in an hour was suddenly "the right time" is beyond me.

I thought we would correct a bit harder than we have, and I still think we might over the next day or two.

fabiorem

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This is real.

I run bitcoin-qt and it slowed down. Fees have also increased. This dont happened the other times.

Im transferring it back to the SSD. My guess is a rise to 9k then fall back below 5k.

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