Topic: What do you think the size of the FOMO going to be when it starts? - page 2. (Read 335 times)
February 12, 2019, 12:05:15 PM
We have recently seen Bitcoin go up from 3,200$ to 4,200$ which is around a 1,000$ price increase during December 17-25 last year with this bear market but still it wasn't enough to make a reversal so obviously we might be looking for a price increase greater than 1,000$ to trigger a FOMO in the market. I must say that going back above the 6,000$ range would be enough to raise the attention back to the market again, going back up above where we consolidated last time would be a big turn around for Bitcoin.
February 12, 2019, 11:47:40 AM
The slow growth of the price I think is the path to go for crypto. Its much healthy than the sharp spikes. The slow growth though may take us years and year before we can get our to exceed that last ATH, I think this is going to shake up all those who bought at that price. They'd better just learn trading now than just holding,.
February 12, 2019, 11:11:31 AM
recently we have seen a small preview of what the FOMO (fear of missing out) can look like in bitcoin market when the rise starts. we have also seen it many times when the reversals happen and generally whenever there is a rise.
so considering the current situation where most investors are scared, how big do you think the FOMO is going to be when the rises start?
so considering the current situation where most investors are scared, how big do you think the FOMO is going to be when the rises start?
Well i'm sure it's not going to be like 2017. Fomo this time can only take us so far, probably in the 10k levels. People would already be anxious and wary about buying if the price is beyond that considering the number of people who got rekt the last time fomo struck.
February 11, 2019, 04:53:02 PM
The largest daily candlestick I've seen is a $1,000 one. So, I assume it will be another one or three consecutive thousand-dollar candlesticks. Anyway it will be great since it will obviously signal an end to the bear market.
February 11, 2019, 04:49:44 PM
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In case we haven't found a bottom yet, it highly depends on whether or not we close below the 200 WMA. In case we do close below the 200 WMA,
I didnt even know 200WMA was a thing, never seen it considered in pretty much any other market even when looking on decade long graphs.
That's surprising. 200-period lookbacks are common in lots of conventional MA analysis. It's one of the standard long period MAs. For example, the 200-period is essential for finding "golden crosses" and "death crosses." I came up under a bunch of forex and commodity guys and the 200-week always came up in their long term analysis.
February 11, 2019, 02:21:32 PM
Last time a bull market started, in oct/nov 2015, the price pumped from around $230 to $400. I don't think it'll be that big this time but if a similar spike happens to initiate the next bull run I could see it spiking from high 3000s to over 5000 before falling back to mid-to-high 4000s and then starting its long build upwards from there.
February 11, 2019, 01:39:19 PM
recently we have seen a small preview of what the FOMO (fear of missing out) can look like in bitcoin market when the rise starts. we have also seen it many times when the reversals happen and generally whenever there is a rise.
so considering the current situation where most investors are scared, how big do you think the FOMO is going to be when the rises start?
I think it is going to take most of us unaware as what really affect the next bull run is not what people are really looking at. I believe that many traders are going to be left behind especially those micro traders. so considering the current situation where most investors are scared, how big do you think the FOMO is going to be when the rises start?
February 11, 2019, 01:16:22 AM
With the current scenarios prevailing in the market, we can infer that we are not in the era of FOMO. Rather we are being faced with FUD all around. The price is currently not stable nor rising, but they are being driven by forces of FUD until there is a good news which may contribute to the price rise. Investors and other prominent people in the crypto space still believe we haven't reached the bottom which might exist somewhere at $1000.
With the recent developments in ETF related proposals and the SEC commissioner Jay Clayton giving out a positive note favouring the approval of ETF, we might see a slight price rise in the upcoming days. But the size of FOMO will be based on the complete approval of ETF and the widespread usage of cryptocurrencies in all the fields. With the approval of ETF, I believe the price will reach not higher than $10,000. 2017 prices were based on FUD and speculation and the new price highs will be reached only during the widespread adoption. Only during this period we will be able to see how big the FOMO rises.
With the recent developments in ETF related proposals and the SEC commissioner Jay Clayton giving out a positive note favouring the approval of ETF, we might see a slight price rise in the upcoming days. But the size of FOMO will be based on the complete approval of ETF and the widespread usage of cryptocurrencies in all the fields. With the approval of ETF, I believe the price will reach not higher than $10,000. 2017 prices were based on FUD and speculation and the new price highs will be reached only during the widespread adoption. Only during this period we will be able to see how big the FOMO rises.
February 11, 2019, 12:57:48 AM
Maybe we already are in the midst of the most recent fomo trip, if we're being honest. Prices steadily eroded over the past weeks (coming down from a Jan high) and then people were worried below 3400 it was never going lower, so they fomo'd it to spike 8% as we've now seen. Just as we thought buyers were exhausted, we got a fresh wave of purchases. If that's the size of fomo though, bulls should be worried for the short term 
February 10, 2019, 11:54:29 PM
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In case we haven't found a bottom yet, it highly depends on whether or not we close below the 200 WMA. In case we do close below the 200 WMA,
I didnt even know 200WMA was a thing, never seen it considered in pretty much any other market even when looking on decade long graphs. However it does seem important to BTC and I would guess any test does involve an attempt to challenge or close below it.
Short term its hard to tell if a close below sticks or slips and we rise above again. The smart thing is to highlight this area on a chart and be ready to change your mind once the market tests and decides either way. I often make the mistake of failing to recognise a market testing a price only briefly before taking its longer term direction
I voted 6k because thats the proper resistance area, a break up would have that as a target presuming it was occurring with enough built up motion behind it
February 10, 2019, 11:18:28 PM
recently we have seen a small preview of what the FOMO (fear of missing out) can look like in bitcoin market when the rise starts. we have also seen it many times when the reversals happen and generally whenever there is a rise.
so considering the current situation where most investors are scared, how big do you think the FOMO is going to be when the rises start?
so considering the current situation where most investors are scared, how big do you think the FOMO is going to be when the rises start?
Well, I will based on the average price that I witnessed during the bull cycle in 2017 and I would say it will be around $1k/day, I think this is just a conservative estimates though.
We really can't measure FOMO until such time that we're really in a bull run. But I would like to see is just a steady and slow growth, don't want to see massive spurts and then followed by eventual crash.
February 10, 2019, 03:46:51 PM
There's no such thing as FOMO in a bear market. Just bull traps, short squeezes, and relief rallies when sellers get exhausted.
Obviously there's still room for upside though. A visit or spike through the 200-day or 20-week MAs (currently ~ $5,300 and $4,700 respectively) would seem appropriate. Call it $5K.
Obviously there's still room for upside though. A visit or spike through the 200-day or 20-week MAs (currently ~ $5,300 and $4,700 respectively) would seem appropriate. Call it $5K.
February 10, 2019, 02:47:15 PM
With these minimum limits, I do not expect there to be any concerns about any collapse, we have resistance levels at $ 3000 and not easy to fall below.
I'm expecting a period of stability with low levels of FOMO at the $ 3,000 barrier to $ 10,000, with fears growing at thresholds like 4000, 6000, 7500, 8000, 9000. The same will be repeated at levels of $ 1000 up to $ 19500.
The index will be at its highest level at the highs of $ 19500.
I'm expecting a period of stability with low levels of FOMO at the $ 3,000 barrier to $ 10,000, with fears growing at thresholds like 4000, 6000, 7500, 8000, 9000. The same will be repeated at levels of $ 1000 up to $ 19500.
The index will be at its highest level at the highs of $ 19500.
February 10, 2019, 02:14:40 PM
Unlike the market FOMO will be found with each and every user. Maybe the large volume holders won't be having this. As an user stated more the growth happening with time more will be the FOMO prevailing among the users. Particularly this can be seen much with the users much focused on trading.
February 10, 2019, 02:11:50 PM
I think that in order to actually have people fomo in like what we have seen take place in 2017, there needs to be something that makes sure the price continues to increase month after month.
In 2017 it was really like $3000 is the top, I'll wait. Then $4000, $5000, $6000, and so forth. Eventually even the most conservative investors will fomo in. I do think that we'll be going through a similar phase again.
It's just a matter of time before the ICO market booms again and all the regulations that people think help reducing ICO scams will turn out to not help at all. Greed rules everything.
The only downside is another 2018/2019 crash....
In 2017 it was really like $3000 is the top, I'll wait. Then $4000, $5000, $6000, and so forth. Eventually even the most conservative investors will fomo in. I do think that we'll be going through a similar phase again.
It's just a matter of time before the ICO market booms again and all the regulations that people think help reducing ICO scams will turn out to not help at all. Greed rules everything.
The only downside is another 2018/2019 crash....
February 10, 2019, 01:57:45 PM
The FOMO will happen in the six figure range... There will be plenty of criticism until we hit new highs and plenty more until the lambos find their way back to social media.
February 10, 2019, 01:19:29 PM
If I'm correct, you're asking what a what prixe would FOMO set in?
For me, it's above $5k, at this point, many investors would be scrambling to buy in and new investors would also be very interested. It would be a plus if it's a long term build up and not just a rapid spike.
For me, it's above $5k, at this point, many investors would be scrambling to buy in and new investors would also be very interested. It would be a plus if it's a long term build up and not just a rapid spike.
February 10, 2019, 01:06:26 PM
In case we haven't found a bottom yet, it highly depends on whether or not we close below the 200 WMA. In case we do close below the 200 WMA, it's a clear indication that we're going through an entirely different bear market, and one that with a high probability will last a whole lot longer than many here might think.
On top of that, people seem to forget that we're dealing with so much algorithmic trading activity, that previous support levels will turn into resistance levels, and bots will respect these levels and sell whenever they can to secure profits, so whatever we end up doing, it might take years before we even see $20,000 again in the 'worst' case.
I'm happy with steady growth.
On top of that, people seem to forget that we're dealing with so much algorithmic trading activity, that previous support levels will turn into resistance levels, and bots will respect these levels and sell whenever they can to secure profits, so whatever we end up doing, it might take years before we even see $20,000 again in the 'worst' case.
I'm happy with steady growth.
February 10, 2019, 10:48:45 AM
recently we have seen a small preview of what the FOMO (fear of missing out) can look like in bitcoin market when the rise starts. we have also seen it many times when the reversals happen and generally whenever there is a rise.
so considering the current situation where most investors are scared, how big do you think the FOMO is going to be when the rises start?
so considering the current situation where most investors are scared, how big do you think the FOMO is going to be when the rises start?
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