why bitcoin price is growing and typical traders fomo

JooBra

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Quote from: Iyeman on December 07, 2020, 11:06:25 AM

Quote from: ibuddy122505 on December 05, 2020, 02:24:21 AM

A few days ago it was at 16k now it's at 19k again. Some traders FOMO and somw won't. BTC its a pump/dump market, you unable to know what's happen next and that's why you should have bought. Yes it’s bullish if you HOLD it long term.

The FOMO came from the big institutions who have been accumulating more and more bitcoin. The big institution has been buying more than 50k bitcoin.
This creates a big FOMO around the bitcoin traders and that makes the price of bitcoin is quite impossible to go down again. More and more big players come to the crypto right now.
Long term is the best decision to be taken right now.

The 20k point on BTC is a big sell limit, I mean there is a lot of sell orders around 20k so cause of that we can't pass that mark yet. But when it passes it will grow fast for some time. That is mine opinion.

Iyeman

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Quote from: ibuddy122505 on December 05, 2020, 02:24:21 AM

A few days ago it was at 16k now it's at 19k again. Some traders FOMO and somw won't. BTC its a pump/dump market, you unable to know what's happen next and that's why you should have bought. Yes it’s bullish if you HOLD it long term.

The FOMO came from the big institutions who have been accumulating more and more bitcoin. The big institution has been buying more than 50k bitcoin.
This creates a big FOMO around the bitcoin traders and that makes the price of bitcoin is quite impossible to go down again. More and more big players come to the crypto right now.
Long term is the best decision to be taken right now.

nelson4lov

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I wouldn't put too much blame on the folks who just heard about Bitcoin and decided to have a couple of satoshis to get started. Most of the time it's because the people that put them through on crypto kept out the part about the price being too high and not recommending a buy then but instead, they skipped the part that the price does not only go uo but that it also dumps too. Btw, if anybody bought bitcoin at the high, they can DCA and keep their accounts active without being liquidation or lose the value of their investment (in terms of sports spot trading).

jostorres

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The reason why bitcoin increases is because those typical traders fomo. If the price goes up, that means there are some people who think they are not too late to take a profit and that is why I think price continues to increase.

This is why we should be gentle with them, do not make them think that they are making a mistake, by all means they may not be making any mistake neither so we should be in support of them because if they think they are doing the right thing (which they might be) they will continue to do so and they will suggest others to follow them which will increase the price while it is still high. However if we mock people who buy high, that means they could be less motivated and they could get out and that is something we should not be in support of.

mnporter2001

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Quote from: xSkylarx on December 06, 2020, 05:48:00 AM

When bitcoin is at low price we are afraid to buy because we think it's going to dump more but when its price goes up we don't know where to buy at the proper price. FOMO is difficult to control, what I do is when I already bought it at somewhere at a high price I avoid looking at my price tracker app. And I think people that are most affected by this feeling is those who can only buy using their extra money. They won't afford to buy again if price goes down more.

Actually, this is the problem of new investors. A lot of people have gone empty-handed and lost big due to psychological factors when trading. So to trade successfully, we should spend a lot of time on understanding how the market works, crowd psychology and some tips to recognize whale manipulation.
I've had a pretty good year realizing whale manipulation in March of this year. Before the Bitcoin Halving event, the whales intentionally sold it off so everyone was scared and sold it for no reason. I was calm then and bought a lot of ETH at the prices of 98 $ and 116 $.
In order to stay calm as I am now, I experienced many failures and read a lot of literature on how the crypto market works. This is one of the very important knowledge that any holders should understand. So I recommend reading more about the Dow theory to get a cooler head and prepare for the strong bull run coming.

xSkylarx

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When bitcoin is at low price we are afraid to buy because we think it's going to dump more but when its price goes up we don't know where to buy at the proper price. FOMO is difficult to control, what I do is when I already bought it at somewhere at a high price I avoid looking at my price tracker app. And I think people that are most affected by this feeling is those who can only buy using their extra money. They won't afford to buy again if price goes down more.

Shasha80

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Too careful and afraid of losing money, making us lose the moment to buy coins at low prices. Because we continue to delay buying
coins at low prices, in the end the price is too high and we become FOMO. And without realizing it, we bought coins at peak prices,
this is a problem we often face in the crypto world. Therefore it is very important to learn from mistakes, so as not to repeat the same
mistakes.

jaberwock

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Obviously there will be traders who will get in late, but it is better to be late than never and that is something forgotten in this trade. I would like to remind everyone that, unless people buy at 20k that means we can't go up over it, which means we need people to buy at 20k so that we could be at 21k and we need people to buy at 21k so that we could go to 22k as well and continues like this.

There is no situation in the crypto world where people buy low and sell high, that is not the case anywhere in any market. People need to buy low to increase the price and needs to buy at middle to keep increase and buy high so we keep increasing the price as well. Which is why I congratulate people who bought at 10k and 15k but I also admire people who bought at 20k as well.

XCANA

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Quote from: jrrsparkles on December 03, 2020, 08:08:35 AM

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.

When dealing with trading, decision making is the most paramount in my honest opinion because without the right decisions be put into consideration the entire decision of the trader will be at risk. Have been with this industry and things that has happened to mostly are from my decisions. Yes, i do run at loss during my trade either in longtime or short-term, even mid-term but sometime i do gain also, this three are results from my personal decisions, so, your decisions matters alot during trade.

ethereumhunter

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Quote from: ibuddy122505 on December 05, 2020, 02:24:21 AM

A few days ago it was at 16k now it's at 19k again. Some traders FOMO and somw won't. BTC its a pump/dump market, you unable to know what's happen next and that's why you should have bought. Yes it’s bullish if you HOLD it long term.

Better to hold for the long term if he doubts that the price will increase and break $20k in this short term. If he can hold for a long term and not react to the market, he can stay calm down without having panic to see price is up and down. The price itself still not going somewhere, and it stays at the current price. But we can hope that the price can break $19k in the next week, and hopefully, this correction will not go down for more. If the price start increase in the next week, he can be ready to sell his bitcoin at the price he wants.

ibuddy122505

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A few days ago it was at 16k now it's at 19k again. Some traders FOMO and somw won't. BTC its a pump/dump market, you unable to know what's happen next and that's why you should have bought. Yes it’s bullish if you HOLD it long term.

boyptc

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Quote from: cryptoboss2020 on November 29, 2020, 10:20:00 AM

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 Cheesy

lets sell our houses and buy some btc my broker told me the btc will go 300k.

I'm imagining that I can hear and read these words in the future whenever bitcoin hits $100k.

That's the real FOMO will start and people and lurkers will take bitcoin seriously by that time. They've got all of the years to monitor and watch it yet they've never took any action of buying.

And by that time that happens, they're not with us or they're too late.

michellee

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That is what happens in the past, and I guess that still happened to many traders. They think that they will wait for more and hope that the price will go down deeper. But the fact is the price can bounce up or even down in the next minute, so if we are late to decide, we will not have a chance to buy at a low price because the price will go up after it reaches the low price. But if you can analyze better, you will found that time will be the best time to buy the coin or bitcoin at a lower price, and you only need to hold it until the price increase back. Once the price is up and the situations become bullish, we will regret it, making us buy at the current price. But suddenly, the price goes down again without we expect it. We always need to analyze before we decide, so we can predict what will happen later, although that will not always guarantee to see our prediction will be right.

Akiko

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Quote from: JooBra on December 04, 2020, 12:47:31 PM

Quote from: palle11 on December 03, 2020, 08:26:09 AM

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.

All you say is right but BTC(for me) is more an investment then a trading coin. Most people share my opinion that BTC is crypto gold and it will go up in long run. Now for daily to daily trading you need to look to a lot of stuff... From market moves to globally big news.

Not all daily traders will only base in news there are people check the resistance and support before buying and that's how they take advantage for trading. You will earn a lot daily if you know how to check market price and you have patterns to follow. you can easily stop lost if you found the market is going to decrease so even the red market can also give good return in daily traders.

Those people who lost a lot is those holders that thinking that the price will increase higher if they continue holding and unexpected things happen like price correction, they get panicked and that's the reason they sell it lower and compare to the price buy it and it resulting them to lost money.

Wexnident

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And I don't blame them. The major factor in the demand of the market of Bitcoin is price after all. Yes, Bitcoin is a currency with a lot of features that are quite attractive to most, but let's be real here, most of those who actually enter the community and use Bitcoin are those that actually look at Bitcoin as an investment, they look at its price. And basically, every time they see that the price keeps growing, the idea that the demand is growing would naturally grow since it isn't a lie that they could profit off of it if they entered the market early on.

I actually don't blame people back then for their mistakes, with how they bought high instead of buying low. It was all due to how the market reacted, and how they missed that.

el kaka22

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There is also the fact that there are crypto people who keep watching bitcoin and other coins prices constantly but there are also other people who do not check it constantly, there are millions of those people as well. There are people who would basically live their life without crypto in it, not care about it, not trade it, not have any, simply just people who used to bought some and sold once upon a time or heard about it and checked it out but decided not to enter.

Those people hear about price going above ATH price and they get interested again and they end up investing into crypto at a very high price because they only learned about the price increase and came very late, not like they were watching the increase all along. Do not forget those people who buy at high levels.

JooBra

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Quote from: palle11 on December 03, 2020, 08:26:09 AM

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.

All you say is right but BTC(for me) is more an investment then a trading coin. Most people share my opinion that BTC is crypto gold and it will go up in long run. Now for daily to daily trading you need to look to a lot of stuff... From market moves to globally big news.

Fesatmas

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Quote from: drlukacs on November 30, 2020, 11:37:05 AM

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

That's why Fomo is like a trap with prizes, it can benefit someone or vice versa. and according to Fomo from an influencer more effective than a market volume chart. I got confused

It doesn't stop there, someone who has a big influence on social media, with a huge following, can easily displace many people with one tweet.
he could joke, but to his followers it was a clue.

I don't like the Fomo pattern like that. better learn market trends yourself based on reliable sources.

cryptoboss2020

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Quote from: FanEagle on December 04, 2020, 10:59:20 AM

Once again another horrible and very low quality post that should show everyone that we need a lot harsher moderating in order to stop these horrible spam to continue. However on the topic of traders, people who are titled traders trade on every point, at 10k, at 15k, at 20k doesn't matter where the price is, they are going to end up trading.

However people who invest do these type of mistakes, the "buy low, sell high" thing is not really that easy for some people I suppose, I have seen people who sold bitcoin at 6k because it went down and they were afraid, I was buying at that point and I was quite happy with the drop because I knew the profits I would make. However at the end of the day I realized that the best thing I could do for them would to show them my profits when I buy low instead of high, nothing else works.

Are You some mister perfect?
Low quality post? I think different!!

FanEagle

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Once again another horrible and very low quality post that should show everyone that we need a lot harsher moderating in order to stop these horrible spam to continue. However on the topic of traders, people who are titled traders trade on every point, at 10k, at 15k, at 20k doesn't matter where the price is, they are going to end up trading.

However people who invest do these type of mistakes, the "buy low, sell high" thing is not really that easy for some people I suppose, I have seen people who sold bitcoin at 6k because it went down and they were afraid, I was buying at that point and I was quite happy with the drop because I knew the profits I would make. However at the end of the day I realized that the best thing I could do for them would to show them my profits when I buy low instead of high, nothing else works.

Johnyz

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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.

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Quote from: cryptoboss2020 on November 29, 2020, 10:20:00 AM

then bang bang crash ! that what 2017 was it Cheesy

people rather buy with higher price then lower price Cheesy

was there any buyers of 4-7k ? no not really most of the buyers joined with 13k price range Cheesy

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.

Quote from: cryptoboss2020 on November 29, 2020, 10:20:00 AM

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.

palle11

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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.

jrrsparkles

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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.

Husires

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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.

lixer

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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.

drlukacs

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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

cryptoboss2020

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Quote from: drlukacs on November 30, 2020, 09:38:07 AM

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.

I was same myself before the newbie.
You Can't do Nothing about it If you are new you just dont have Experience.

drlukacs

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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.

Beparanf

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Quote from: Rruchi man on November 30, 2020, 05:33:23 AM

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.

Rruchi man

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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.

cryptoboss2020

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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 Cheesy

people rather buy with higher price then lower price Cheesy

was there any buyers of 4-7k ? no not really most of the buyers joined with 13k price range Cheesy

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 Cheesy

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 Cheesy

lets sell our houses and buy some btc my broker told me the btc will go 300k.

then again price drops lol:D

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