Topic: why bitcoin price is growing and typical traders fomo - page 2. (Read 327 times)
Those are just a hype and we should always know that Bitcoin can’t always go up so there’s no rush in the market and you have to wait for the perfect timing before you invest. Bitcoin on the other hand continues to pump and this is a good side that we are one step closer to the main goal of adoption with bitcoin. The crash is very normal so don’t panic, and stop being FOMO this is not a race though.
then bang bang crash ! that what 2017 was it 
people rather buy with higher price then lower price
was there any buyers of 4-7k ? no not really most of the buyers joined with 13k price range
There were people who still desire to buy at $3k. What would be they're feeling right now? they've got all the chance when it has hit that price but now, they're looking at the history and their bad decision made them regret themselves. people rather buy with higher price then lower price was there any buyers of 4-7k ? no not really most of the buyers joined with 13k price range
lets sell our houses and buy some btc my broker told me the btc will go 300k.
Only one family I knew did this and they've succeeded it before the 2017 bull run and have held even up to this bull run of 2020. Kudos to Didi's family.
The fear of losing is what many have gone through. Many will keep delaying and not buy at cheap time but they get in late and crash meet them. I still don't blame anybody because you never know what prediction is right to buy. Brokers do predict for their clients but it also don't work. This is a big issue that investors see, off cause you want to make profit with your capital.
Weak hands never make enough profits compared to the potential level it doesn't mean everyone is losing their capital while trading or investing. When someone is losing money on trading means someone is making money on the other side so the job has to be done is to make right decision at the right time.
Fear and greed are two instincts that control many people. Fear of missing out on opportunity is what makes the poor poorer, and greed is what makes many people lose millions in a few minutes.
They are a human invader that can be strengthened with more learning and more time reading charts and price analysis, thus achieving more investment returns.
The current price may be a bubble and you have been waiting for many years for the price to explode and come back to such a level.
They are a human invader that can be strengthened with more learning and more time reading charts and price analysis, thus achieving more investment returns.
The current price may be a bubble and you have been waiting for many years for the price to explode and come back to such a level.
I always target Bitcoin at its lowest point, at that time when a lot of people are afraid to buy it and the media is saying that it’s over, that’s when I am interested in buying.
I wasn’t even expecting the price to go down, wasn’t expecting a pandemic to take place, and I bought at the price of $8,000 before the coronavirus happened and the price fell and some people were saying it will drop to $1,500 which never happened; the price started going up again after dropping below $4k and I figured out I should buy it , even if it drops to $1,500 as they said I would continue holding it. Well the price eventually went up.
I wasn’t even expecting the price to go down, wasn’t expecting a pandemic to take place, and I bought at the price of $8,000 before the coronavirus happened and the price fell and some people were saying it will drop to $1,500 which never happened; the price started going up again after dropping below $4k and I figured out I should buy it , even if it drops to $1,500 as they said I would continue holding it. Well the price eventually went up.
This is the crowd behavior that we often see them complaining about in trading community groups. All of them seem like a puppet and they often listen to the signals from the experts of trading and follow suit.
These are considered the most easily manipulated components in the crypto market, which is why KOLs of Cryptocurrency always post positive news on their personal pages and make crowds excited and buy Bitcoin. blindly.
Do not be like them, we need to have our own knowledge to analyze and evaluate then create our own trading plan. That's how we can get rich faster
These are considered the most easily manipulated components in the crypto market, which is why KOLs of Cryptocurrency always post positive news on their personal pages and make crowds excited and buy Bitcoin. blindly.
Do not be like them, we need to have our own knowledge to analyze and evaluate then create our own trading plan. That's how we can get rich faster
That is the expression of the new traders entering the financial market. Because professional traders or financial professionals who know the market are the most important at the moment of buying. No one will trade professionally but is important about its value, they always consider the news around to be able to evaluate the future of Bitcoin or some other securities.
In general, it is a special fomo component of any financial market, and also thanks to them that new traders make a lot of profits for themselves.
In general, it is a special fomo component of any financial market, and also thanks to them that new traders make a lot of profits for themselves.
I was same myself before the newbie.
You Can't do Nothing about it If you are new you just dont have Experience.
That is the expression of the new traders entering the financial market. Because professional traders or financial professionals who know the market are the most important at the moment of buying. No one will trade professionally but is important about its value, they always consider the news around to be able to evaluate the future of Bitcoin or some other securities.
In general, it is a special fomo component of any financial market, and also thanks to them that new traders make a lot of profits for themselves.
In general, it is a special fomo component of any financial market, and also thanks to them that new traders make a lot of profits for themselves.
A proper assessment of behavioural patterns shows that the environment we live in and the economic behaviour of the people around (in that environment) plays a huge role in our Economic behaviour. A very powerful influence on People's buying decisions is still the other people around them, whom they trust. In an environment where everyone is talking about bitcoin and how it has risen over the years and the projected increment in the future, people in that environment consciously or subconsciously will gain interest.
This is true. People tends to follow what is the trend so that they will not left behind regardless what will the result. No one will buy to a token that no one has interest since that means that token is not worthy for investment. They always follow others suggestion especially if the guy say it is a well known crypto influencer. FOMO is always present when there's a lot of people surging in to enter any investment opportunity.
A proper assessment of behavioural patterns shows that the environment we live in and the economic behaviour of the people around (in that environment) plays a huge role in our Economic behaviour. A very powerful influence on People's buying decisions is still the other people around them, whom they trust. In an environment where everyone is talking about bitcoin and how it has risen over the years and the projected increment in the future, people in that environment consciously or subconsciously will gain interest.
btc 10k ..... well it might fall i dont buy it.
btc 15k ......well it might fall i dont buy it.
btc price 18k....... well its not 20k it might fall down....i dont buy it yet...
btc price... 20k well maybe i buy it....ahh ill buy it ....
then bang bang crash ! that what 2017 was it people rather buy with higher price then lower price
was there any buyers of 4-7k ? no not really most of the buyers joined with 13k price range
thats how btc will go to 100k....
btc price 30k.....ohhh its too high i dont buy it
btc price 40k ohhh now it will fall for sure i dont buy it.
btc price 60k welll i told you guys ...it will fall i dont buy it
btc price 80k... well i think ill buy it
btc to 100k....omg ...lets all buy its so bullsih now:D and so much good news on the tv that bitcoin is 100 k now:D we are so bullish now all green lets sell our houses and buy some btc my broker told me the btc will go 300k.
then again price drops lol:D
btc 15k ......well it might fall i dont buy it.
btc price 18k....... well its not 20k it might fall down....i dont buy it yet...
btc price... 20k well maybe i buy it....ahh ill buy it ....
then bang bang crash ! that what 2017 was it
people rather buy with higher price then lower price was there any buyers of 4-7k ? no not really most of the buyers joined with 13k price range
thats how btc will go to 100k....
btc price 30k.....ohhh its too high i dont buy it
btc price 40k ohhh now it will fall for sure i dont buy it.
btc price 60k welll i told you guys ...it will fall i dont buy it
btc price 80k... well i think ill buy it
btc to 100k....omg ...lets all buy its so bullsih now:D and so much good news on the tv that bitcoin is 100 k now:D we are so bullish now all green
lets sell our houses and buy some btc my broker told me the btc will go 300k. then again price drops lol:D
Jump to: