Topic: THE FOMO! - page 5. (Read 12862 times)
I have a hunch that btc will break $5k within a couple of days. The halvening isn't that far off so people are looking to buy now before supply rate drops off. The altcoins seem to be following bitcoin like always so it doesn't hurt to diversify a little bit.
Although voted for $500 but I don't think it will hit $5.5K today or tomorrow. Most likely there will small correction. Perhaps it would reach next week if trend continues. I am still not believing that is bull run. Most likely it is a bull trap in my opinions. If btc stay above $4.5K then we can say btc preparing to another small bull. And its true today's sudden pump is due to FOMO. We have to wait at least 2 days to understand actual trend.
That usually happens after the price reaches the highest price, and it seems, $4800-$4900 will be the next highest price after we are down and make the correction before, but I still hope that the price can break $5000 again. But I see that the line still on the up line, so maybe we will see an increase for little in the next day. The bull run or not, and we are happy to see that bitcoin can increase in one night
Although voted for $500 but I don't think it will hit $5.5K today or tomorrow. Most likely there will small correction. Perhaps it would reach next week if trend continues. I am still not believing that is bull run. Most likely it is a bull trap in my opinions. If btc stay above $4.5K then we can say btc preparing to another small bull. And its true today's sudden pump is due to FOMO. We have to wait at least 2 days to understand actual trend.
Its not major FOMO yet, its more shorts being too gloomy and thinking price moves in one direction only. This is never possible because that would be free money, markets make people pay if anything
FOMO = water water foam is somehow the image I see every time people say this word, I cant help it. Its the rapids
FOMO = water water foam is somehow the image I see every time people say this word, I cant help it. Its the rapids
other people may have dumped their coins by now, but the price still stands to where it is until right now.
Most people will hardly dump their currencies because after witnessing a long period of falling prices they are already aware that they have to insure for a long time and $4700 is not a very high price, with analysts who are making predictions that the price would fall to $3000 and always fail in their predictions it is difficult for people to believe that the price will fall to $3000, so people are optimistic that they should only hold long term to have high profits
I voted a conservative $500, looks like a lot had made a short squeeze when the price goes to $5000 and now it seems that we lost some momentum and corrected itself around the $4600. We need to go the bottom as to what has caused the massive spike, did the whales pump it because it doesn't really looks organic to me unless we are really in a bull run wherein a $1000 increased a day will be a normal thing. So let's see how it goes, we just started this week and anything can happen and maybe FOMO will push it and slice $5000, gonna be interesting week ahead of us.
$1000 is a probable target, though from the looks of it, it looks like the movement has lost its steam and is now residing at the gentle arms of $4700 and won't be pushing any higher anytime sooner. 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, although if that was the case, other people may have dumped their coins by now, but the price still stands to where it is until right now.
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...
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...
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