At what price will FOMO kick in?
Somewhere close to the last ATH I'd assume, by MSM starting another hype cycle once steam has run for natural climbs.
I agree that FOMO is not likely to kick in anytime before we start to get close to current ATH.... so perhaps in the $18-19k price territory, and maybe not even until it becomes fairly clearly going to break above the ATH... which is a certain 5-10% striking distance of such... Until then, we are going to need to deal with a decent amount of ongoing resistance all the way up towards returning to ATH territories...
Hey BTCMILLIONAIRE... I don't want to pry too much into your particulars, but did you come up with your user name based on factual circumstances or an aspiration? I see that your registration to the forum was during a period in late 2014 in which faith was becoming increasingly lost in BTC, so there was quite a bit less balling going on at that point.. even though loss of faith shook out more folks in the next 12 months or so into the lows of 2015.
I did just look at your first posts, and it appears that you were aspiring to obtain 1 BTC... so millionnaire could have been measured in terms of Satoshis too... Do you want to overview your BTC journey, without necessarily providing too many personal details? I have shared mine about a zillion times, but I still like to hear about other folks, especially when they seem to share bullish yet seemingly realistic BTC views.
I've been on and off this forum for quite a bit longer than that, but never really stepped into it because it was
too fringe for my situation.
A lot has changed though, and I've ended up going balls deep with my student loan and scholarship when it was bottoming out, since I've figured I'd have plenty of time to cover my losses anyways and knew that I could easily score a 6 figure job after graduation thanks to busting my ass at university.
Let's just say that the aspiration has changed to a B rather than an M as denominated in USD. I'm not quite sure if a million Bitcoins will be doable since I expect those to be worth hundreds of billions to just over a trillion at some point, and I'm not sure how much I'll care about collecting money just for the sake of collecting it. I'd need to thoroughly enjoy running ventures of my own as well as investing in the type of research that nobody wants to throw money at because of a lack of predictable profits (the kind of shit that Musk does for example, I fucking love insane people - the good kind of insane).
But for now I'm trying to make sure that I won't have to take up a dayjob at any point in my life while simultaneously not having to worry about my spending habbits (which are still extremely frugal beyond the occasional splurge on a good Scotch or food).
It might be worth noting that I've been checking out equity markets since my high school days because I just couldn't see myself working into my 60s. I've also used to do statistical analysis in MMORPG markets before I even knew what statistics were (using pen&paper and excel) and tried to estimate other aspects of the game quantitatively to increase my own performace. So I guess I've been pretty much predisposed to end up in Bitcoin at one point or another anyways.