Bitcoin Forum

I'll take a page from bbc.reporter.  ;D

Tom Lee recently had a poll to see what price is the FOMO?

It looks like $10k, according to the votes. I should have voted for "Now!!!".  ;D. What do you think guys? Is $10k the FOMO price?

https://twitter.com/fundstrat/status/1127368266496630784

https://i.ibb.co/5jFB1vf/Screen-Shot-2019-05-17-at-12-14-01-AM.png (https://ibb.co/rps4QM1)

LOL, Tom Lee is permabull so what do you expect? I wouldn't vote neither or any of the choices.  There will be FOMO at different stages as the price increase as well. But I guess FOMO had died down in the last couple of days though, the price goes and settled around $8000 now. But there will be FOMO that's for sure, when the price started to pick up again and run up to $10000.

@Baofeng. I already moved on from Tom Lee. The funny bitcoin speculation news publication is now all about Tone Vays and Vinny Lingham hehehe.

Tone has sold some of his hodl position. I am skeptical, however.

https://www.chepicap.com/en/news/9748/tone-vays-on-the-bitcoin-surge-it-just-doesn-t-feel-right-i-.html

Tom Lee still got some audience and if those who followed him will continue to believe then chances that this value can be a good turning point to see the fomo's,but it's still up for everyone to be responsible in terms of investing their money this is just another speculative guess and not the accurate one.

Few years ago I've been amazed on how he assess the market but now, everyone grows and becomes mature.

I'm done with his words and predictions. We'll then see if his followers will actually see what Tom's had with his SWAG.

FOMO is not something that happens once and at a particular price, FOMO is happening every day and at all prices and we have many different types of it with different levels of "fear".
for example when price reversed out of $3100 we had a FOMO, but a small one as price went up to $4.2k and the "fear" factor in that was small too. but then when we broke the $4.2k resistance the bigger FOMO began and price shot up to above $5k. then we have seen 2 more FOMOs as price kept pushing upward and as people "feared" more and more about how they were missing out on the rise.

so in other words from the bottom ($3.1k) up to $8k+ we have already had multiple FOMO cases with at least 2 big ones. and we will continue seeing different types and levels of FOMO.
$10k breakout will be newcomers mostly and a moderately size FOMO, the $21k breakout will be a lot more newcomers and a much bigger FOMO and finally the biggest FOMO will occur near the end (similar to 2017 and the rise from $9k to $20k in one month) possibly at $80k to $100k.

As someone has said, we can't really measure FOMO here, FOMO could be much earlier, as early as February when the price started to make a bounce.

It was just evident, in the last couple of weeks because of the obvious massive pump, so I wouldn't be concerned about those who love to FOMO. It's an speculative asset so expect that the levels of FOMO will be align with how the price move.

Yes, FOMO can exist at all levels even when bitcoin was just around $4,000 but maybe there was no critical number of people yet at that level that is why FOMO was not yet heard at that time. I am actually amazed that FOMO has not yet became a popular term in this bull run relative to what happened in 2017. Maybe we are now having a little bit different and more mature cryptocurrency players than in the past so people can not anymore be swayed that easily...and maybe this can be a good sign of more stable things to come with this marketplace. I am guessing that FOMO can be more visible once bitcoin can go as high as $15,000 and beyond.

^ Yeah right, we already had on FOMO when it is breaching the price of bitcoin above $8k dollars. From this massive increased from the bottomed price($3.1k) to ($8.2k), I think the FOMO was already there. Then, now we have a small correction which probably it will trigger again to have a FOMO and break the barrier of $8K to $9K or it will be more to $20k who knows. In this case, we can't conclude and measure where's FOMO at, as long as we have seen the market growing up we may consider as a FOMO.

Right, the massive increased we have seen from April to May was really astonishing to say the least. So there have been FOMO right along that price leaving up to that $8k levels.

Unfortunately, the price is down, but we will see, another set of FOMO will come in and probably could push the price to $9k-$10k. So there's no measurement whatsoever, and it will led to more FOMO as the price continue to increase in the future.

I actually normally don't follow these guys but the fact I recognise their names probably means I have been acting out of normal boundaries these few months! I think Mr Lingham had just said the raging bull would be confirmed if Bitcoin managed to stay above 6500 for the next 48 hours... That was last weekend I believe, before he got caught out conpletely by 8k so he has no choice but to ride this out now and hope he didn't FOMO too early.

Oh and OP, 11k is FOMO level for me. But only until 15k before people pretend they've wisened up and TP.

Tone Vays is such a toxic moron. Too bad some people consider him to be a Bitcoin guru or expert.

I never liked Tone Vays to begin with, but when he said that people like Tim Draper need to sell all their coins before the bottom is in, I started disliking him even more. Tim Draper did more for Bitcoin than Tone Vays will ever do. All Tone Vays is doing is wait for gamblers to use his Bitmex ref link and noobs watching his live streams to donate him a few bucks.

You fuck off Tone, you won't be missed.

$10k is a major psychological price point.  Whether or not it's the "fomo" price I dont know.  Once we get back to $10k though there will be a lot of mainstream news on it so that might be the point which stems fomo.  The ultimate domo point is a notch above all time high, then massive news will be in on it that's when normies will get triggered

Imagine that up to a few months ago the price was stagnant at $3100 and suddenly the price increases a lot and it's at $8000, what would be the chances that people will sell their coins for fear of drop back to $3100? chances are many. any price above $8000, people will sell because few believe that it is possible to get prices above $8000 for a long time

"time shall tell ", the next FOMO and when we get there we would see "where FOMO at". Tom Lee is one of the really bitcoin's enthusiast that I really admire and take his time to make this poll is a nice thing as at list we now know what is in some investors and traders mind.

Real hype will start after old ATH of $20000 will reach. People just dont care of Bitcoin. Once $20k  will happen they will start read about it and talk about it. That will push price to new ATH.  

Ofcourse I dont see this happen this year. Next year. There is small possibility that it happen even in 2021.  

The correct answer to his poll is after a new ATH. I can tell you from experience, it's easy to keep revising bearish price scenarios up until that happens. After $20K, bears will provide their final capitulation.

Tom thinking FOMO kicks in at $10K supports my idea that we'll hit $10K then crash. We may be entering a bull market, but there's always room to be contrarian on Tom Lee's opinions! :)

I am with this guy, I am also bullish so I believe that in $10,000 we will see a FOMO.
The question now is when it's going to happen, could it be in the first half or the next half? regardless, the bull run before only take over 1 month to reach ATH.

Tom Lee is a perma idiot. Seriously why do people still follow that guy? He made some outrageous predictions for 2018 and kept making new ones that were just as bad, he was literally proven wrong a whole year and people still think he is a good analyst?

I also doubt FOMO is going to be at 10.000$ I'm fairly sure people are going to be more cautious about bitcoin, the last crash is still quite recent, a lot more people are going to take profits earlier this time. I personally believe the real crazy FOMO like last time will only start when we break 20.000$

We have different opinions, i think the fomo is happening looking at the recent price jumps, i really think people are accumulating.

The bitcoin price recovered pretty fast (it's currently around 7800 USD) from the recent price crash and maybe Tom Lee is on the right track.We might be heading towards 10K USD,which is amazing.I though that we will reach 10K somewhere around the summer of 2020.
Anyway,I'm not that enthusiastic.I new price crash might happen anytime soon.

Tom Lee is usually a fool but at this moment he is totally right. Ten thousand dollars would make a great FOMO price and we would have very little resistance left to hold us so if we can pass the 10 thousand dollar mark then we will see another new hype and a lot of people buying bitcoin which would result with price going even higher in an endless circle (of course it eventually ends when they can't afford to make it even higher).

So, maybe for just this time only we can agree with Tom Lee, but even though he said something we all thought he was right just because he said it I feel a doubt, if he didn't say it at all I would have thought the same but since its Tom Lee and since he has always been wrong it makes you doubt your own opinions when you agree with him.

I do not think that bitcoin fomo will be link with price this time. Bitcoin Halving is a big event which occur after every four years. In the last two halving, we have seen bitcoin prices surged to all time high. Keeping this in mind, the halving fomo will be big this time and we may see bitcoin rise to all time high even before the halving.

Accumulating is not FOMO. Real FOMO happens when your average joe jumps in and buys BTC at any price without even knowing much about it just because they think it will go up x20 in the next few days. That's what happened in 2017, EVERYONE was jumping in, buying bitcoin/alts at any price pumping it and ignoring every technical indicator out there. Every technical indicator said bitcoin needed to consolidate a lot in 2017 but people kept pumping it until it collapsed.

It really looked like it would be a slow ride up, so don't blame yourself for following the market as it was. No one could have predicted this to happen.

It could happen, but if you have been following live trading, there is a lot of small scale profit taking happening already, and that for weeks straight now. Instead of selling big, traders/investors seem to sell smaller fractions of their stack in order to not miss out on more gains. If you sold the $5000 pump in April thinking it would tank hard you're not happy now.  :D

Small scale profit taking means profit taking at $5000>$6000>$7000>$8000 which bumps your average profit the higher the price goes up.

Firstly, let me preface by saying something that I've said for a long time - Tom Lee is one of the most unreliable analysts in the mainstream media. I honestly feel like that sometimes, his predictions are completely arbitrary and backed by no tangible proof.

However, I'd probably agree with the sentiment reflected through the poll this time.

It should be apparent to anyone right now that a recovery is underway due to the shift in market sentiment from bearish to bullish over the last few months, but I certainly don't think that overall, there is anywhere as much buzz and fear of missing out in the market yet to say that the people calling for further collapses down to sub $1k levels will all of a sudden shift their stance completely. If the $10k psychological barrier can be breached then expect a huge increase in bullish sentiment.

If we're talking about the weak hands that sold at the bottom of the bear market though, I think they're already FOMOing, since they've demonstrated that their sentiments can be manipulated very easily.

Tom Lee is right, it's just his timing that is off. The problem is that timing is everything with trading, and Lee is not a trader.

I'm not sure how many of last year's sellers have actually fomo'ed in already. I think that a lot of them paid attention to what the hyperwave squad was saying, therefore people might have believed that sub $2000 levels were due.

Most of the weak hands tend to buy into altcoins, so if we see altcoins lift up harder than Bitcoin, which hasn't really been the case lately, it's safe to say that weak handed retailers aren't fomo'ing yet.

For me to believe that they are blindly buying, altcoins will have to report 10% gains when Bitcoin does 5%, which is how altcoins usually tend to increase. Current rally seems to be driven by smart money rather than dumb money.

i don't think the FOMO is currently from last year's sellers, but i think it is mainly coming from this year's people who were waiting to buy. most of those who sold in 2018, specially in the second half of the year are those wounded newcomers who lost money and are not going to come back any time soon. what we had here were people who were greedy to buy bitcoin as cheap as possible but had their dreams of $1000, etc crushed so they FOMOed right back in to not lose any more.

as for altcoins, they should never be viewed as an investment which entails longer term commitment, but they should instead be viewed as short term tools for pump and dumping to increase the bitcoin wealth of the traders.

Tom Lee agrees. He was always in FOMO for the whole year during the 2018 bear market. He never stopped telling all his interviewers about his price prediction of $25k. If he was in Game of Thrones he would be called Tom Lee the Brave, the slayer of bears hehehe.

In any case, is it the right time to listen to Tom Lee?

Let's confirm that finally this time around he is right.
He never change his stance in bitcoin, he remain bullish despite of the long bear run, he will earn a lot of fans this year if FOMO would really happen.
His prediction could possibly happen as well as bull market knows no limit.

I am sure that this price won’t become reality until the Q3 of the year, it would have been very possible if we are to rely on the momentum bitcoin has been gathering to break barriers for the past one month, but because of the pull back that will always be present at every barrier, it makes it impossible to have a full stretch momentum without a pullback which I still feel it is quite healthy for the market.

So, with this slow and gradual increase in price of bitcoin, we might get round September before we successfully break the barrier of $10k that I also believe will cause panic buy for people.

I see that right now most of people expecting BTC price to drop, wich looks reasonable to me too, but the market usually do the opposite. In cryptocurrency market, we must expect the unexpected.
I think it is irrelevant what Tom Lee says, because of fact that he was mostly wrong with his predictions. No one could ever know which price will be next day.

The FOMO is not that important, it will happen eventually. The real question is at what point the exchanges will stop the skyrocketing bitcoin?
This is what happen in 2017. That moment when bitcoin touched the 20K$, Coinbase and the other major exchanged closed due to traffic overload .
I wonder if they kept the exchange open, ATH could be far beyond 20k$.

If you compare with John McAfee, well i choosing Tome Lee his target & prediction was really realistic. At bullish 2017 his predicted was really right passed the target price.

but big exchanges like that always go down during surges, in fact in 2017 i remember them having lots of troubles regularly not just at $20k price. things were bad at some points that people couldn't make any trades. i wouldn't call that "stopping the skyrocket" though, because if the money is flowing in then there is no stopping that.

I agree FOMO would always be there when the price increase it would always be at peoples mind .
And what do you expect when the price hit $10K it would trigger everyone?
And invest continuesly on crypto? Even now it could happen and it could also be the reason why we would hit $10K.

We can’t really be so sure FOMO will be active at $10,000 based on people’s past experience, I am not even so sure that people will still fall much for FOMO except newbies who doesn’t know anything about the last bull run. The only time I expect a rush by now which I would term Panic buy is when bitcoin price drops further to like $4500, if you check the number of people who has been wishing to see that opportunity again, but unfortunately, that opportunity is long gone already.

If bitcoin reaches the price of $10,000, I feel people might start selling off for profit except we have a very big announcement that will make people dare hold on past the value of $10k, otherwise, we might drop to $6k from 10k before we then proceed on the bull lane.

I see FOMO already starting, but it will definitely pick up at $10,000, and will increase the higher it goes. We will see analysts calling for sky-high prices the higher bitcoin goes, as they race to see who will call the top.

if Tom Lee was in GOT he would have already been killed since they have already killed everyone in that show and there is nobody left anymore :D

it is never a good time to listen to anybody when it comes to bitcoin price predictions specifically those who have been making lots of predictions all year long no matter their correctness because all those that are throwing predictions at us are doing it for their own benefit and most of them are saying random numbers without basis.

It's because he is in the crypto sphere. And we all know that people loves news around, saying this x amount could be achieved in x amount of time. What's what Tom Lee does, although majority of us really knows that story behind why he keeps on hyping bitcoin.


The last crash was still fresh in our memory, many got burned and learned their lessons, exited. But it looks like there's a new set of FOMO coming in, new idea what happen before and will FOMO till $10000-$20000, that's for sure.

Uhuh!  But Fomo won't happen soon because BAKKT were again delayed.  The SPEDN hype already diminished so what is next big new for Bitcoin, I guess none yet except if the real Satoshi steps in and disclose all CW's lies and paranoia.

People aren't expecting of BAKKT anymore, same with ETF approval, we don't see any final decision on this two.
AFAIK, the market has recovered even without big news, it's just that it was dump so hard that big investors are seeing it as an opportunity to accumulate again.

I experienced the same back then, but Coinbase was down only for a few hours compared to the highest pick it was closed almost trough the whole day 17th of Dec if I remember correctly.
I wanted to sell and and open a new buy position but never got the chance. The ATH could go hither if the exchange was operating.
You are right that it could have been only a temporal peak but, we will never find out.

I am also in favor of FOMO is going to start at 10k.
This is a point where people will start identifying that Bitcoin is going to touch again the ATH that occurred in early 2018 so they are going to start jumping in the market. We have to struggle to reach the price at 10k and they everything will be easier from that level and further.

As long as this market is a speculative one, people will always have a wrong prediction, they are nit computer or super beings to know exactly what the future hold and tome lee is just an ordinary analyst like us, he is not using any other special tool to speculate other than the one we all do too.

So, I dint think people should crucify him that much, he is simply a believer of bitcoin like us and would do everything possible to create all the hypes necessary for bitcoin to continue gaining a very strong value.

There will always be a drop in price of BTC at any point, we can just be leaning how to take profit from all these drops and increase instead of just speculating in an unpredictable market.

What would stop bitcoin from pumping to $20k this year if there would be hundreds of millions more in liquidations of short positions?

https://image.iol.co.za/image/1/process/620x349?source=https://inm-baobab-prod-eu-west-1.s3.amazonaws.com/public/inm/media/file/1/1091086/1339846824/image/1023044965.jpg
Tom Lee approves

Technical analyst and BLOCKTV reporter Joe Saz says he doubts Bitcoin’s surge is over.

According to Saz, BTC bulls are likely to keep charging after liquidating millions of dollars worth of short positions in the last 24 hours.

“I think that this can keep going. There’s nothing stopping it. I don’t want to go too far into the clouds here, but there might have even been $100 million plus dollars in liquidations overnight…

I saw a lot of $10 million in short liquidations. So what does that mean? It means a lot of people were betting that we were headed down and they got completely smashed in the face. So I don’t recommend to enter any short or long positions.

Read in full https://dailyhodl.com/2019/06/16/crypto-analyst-nothing-stopping-bitcoin-after-potential-100-million-in-liquidations/

this!
at any moment in any market with any trend, there are always a lot of people who are going against the trend and lose their money. that is how trading is profitable for some (other) people. otherwise if everyone were to win then the market wouldn't have existed anymore.
but these people should never be used as an indicator for speculating about the price. they exist to feed the pockets of the experts who are capable of seeing the trend and going with it instead of against it.

Now that we are close to $10,000, I'm looking forward on the FOMO, he might be right, but let's find out.
The FOMO is what the market to be lively again, when I see lively that means altcoins will join the party also, and more lively if the worthless altcoins will also grow.

FYI that's a picture of tom cruise, not tom lee. ;)

shorts are definitely ripe for squeezing on bitfinex. 25k BTC outstanding, outnumbering longs. it looks like ~7000 of those were added in the $8000s, so those bears must be sweating now. bitmex data is more opaque but i'm guessing trader commitments reflect similar sentiment.

People have been predicting an altcoin boom for months now and so far it have only been the low market cap coins that exploded from time to time. If you also take into consideration that Binance is no longer going to accept users from the US, even less fomo capital will be pumped in the coins they have listed.

Even the XRP army has finally taken a few steps back. They're way less aggressive on social media right now than they were at the beginning of the year.

After reaching 10,000$ people will really wait for the market how far the price of Bitcoin will reach but everything they need to follow some technical analysis which will help them to predict. I think in some cases it is possible and in some cases, it is impossible to reach that value.

I don't thin it will be the same price point as last time. Since BTC is akready expected to go back up above the 10,000$ level and if I'm right this will just be another level will people are still trying to feel the market. FOMO might even start if BTC is near around 11,000-12,000$ since this will make the rest of the people start to see BTC attractive again. Together with mass media attention it will make when it has surpass the 10k level I know people will shift all their attention to the crypto market once again.

Nothing. If the price breaks the $10k mark easily and we pump straight to $12-$13k, then I am sure that people will be so confident that $20k is near, that they won't unload anything until we actually reach that price.

If people firmly hodl their coins waiting for $20k there will be so little spot supply available that it might only take a month or two to pump that high (obviously assuming it plays out like that).

I'm personally looking to cash out some profits somewhere around the $18k mark, just to make sure I'm selling before others start massively selling to front run those who wait for the $20k mark to be hit.

If his predictions of new all time highs occur anytime in 2019, I reckon everyone will be looking at him like he was Tom Cruise hehehe.

the big altcoins aren't capable of pumping EXACTLY BECAUSE people have been predicting their boom! you see the only reason why people come on social media to hype some shitcoin and talk about how it is going to get pumped is because they are bag holding it (and usually are in a big loss) and want to see it pumped so they can dump and get their money out. and that is exactly what they do whenever there is a small pump, they dump to recover something like 10% of the 80% loss they sustained.

meanwhile small altcoins don't have that problem since there are not that many smallcoin bag holders as there are bag holders of coins like ETH, XRP,.... so they can easily get pumped without much resistance.

Tom Lee has spoken hehehe. This handsome looking guy appears to be looking more handsome from each dollar growth of bitcoin.

Also, he mentioned that everyone is silent about this bull market. I reckon he is talking about the mainstream media. Once mainstream media begins hyping bitcoin, be cautious hehehehe.



Having crossed above the $9,000 level on Sunday ahead of Facebook announcing its own cryptocurrency, Libra, bitcoin is now up 146% this year. But that could be just the beginning for its bounce back, says bitcoin bull and Fundstrat Global Advisors’ research chief Tom Lee.

“I think bitcoin is easily going to take out its all-time highs” of $20,000, and has the potential to run to $40,000 if its use cases grow, Lee said Tuesday on CNBC’s “Futures Now.” “We’re deep into a bull market, and people are pretty silent about it.”

Read in full https://www.cnbc.com/2019/06/18/bitcoin-is-easily-going-to-take-out-its-all-time-highs-tom-lee.html

He should be happy by now as his prediction slowly come into reality, with the price moving so bullish, it made me believe that we shall see a new ATH this year.

The facebook news seems pretty positive for the crypto atmosphere. Basically its 2017 again and people keep texting me asking about BTC and how they can buy the Facebook coin.

Even though Bitcoin is little connected to Libra, its still a positive leap forward for cryptocurrencies in general. Since if "Facebook" a huge company actually gets behind it, then it means its a huge deal.

So people will go and read about Cryptos and learn about Bitcoin since its the original coin that started it all. They will see that its still below $10K and buy thinking it will rise in value very soon.

Big chance if more investors to come in and keep buying and store it inside their wallets, if there's more people who's gonna be willing to support this industry this statement will be on it's way to reality, the rise are slowly being felt and enjoyed by those who bought earlier this year.

I've always thought Bitcoin's bubble cycles were great for adoption. Greed is a great motivator. Once all the new blood realizes Libra isn't actually an investment and won't gain value, their attention will turn to Bitcoin. I agree, Bitcoin will benefit from Libra's proximity to "cryptocurrency" even if they are polar opposites.

In my opinion, not having enough of FOMO is not a problem, we need just a bit of increase constantly instead of people like Tom Lee.

If we just let Tom Lee decide on a price for once, which the price will be decided by the market afterwards he would let it be a million dollars each and than the market would collapse into incredibly prices going down more than 99% which is why we should not listen to people like Tom Lee at all.

We should listen to common sense and try to make the price go up by only a little by little and if that works than we can totally not have to go down. Would people want to sell and take out profit?

Well, yeah but if we go slowly up than people would do that slowly as well and not at once, if we go up to 20k tomorrow there will be a lot of people where as if it takes 5 months people who will sell for a profit will sell on different times as well.

Either way they will give Bitcoin a TON of attention. Since it is a cryptocurrency and a lot of people still don't know about them, they will search for the term and will learn about bitcoin thanks to facebook. Considering how huge Facebook is, crypto will certainly become more known to your average joe.

Common thing to be done for people on seeing profits into their folios and they would really sell for profit.I don't really get the point why people do really listen up to these kind of people where talking things which doesn't really have any sense at all.

Not everyone, take it from me, the last bull run despite seeing a good profit in my portfolio, I got greedy and I never sold and I really promise I would not do the same mistake again. Remember that this market is filled with stupid investors as well, or the weak hands, they could also get greedy first before they learn, when the FOMO starts, we will see them taking action to buy or some still holding and no business to sell.

Too bad, it seems to be garnering a lot of unwanted attention from regulators too. US Representative Maxine Waters made a troubling statement (https://www.cnbc.com/2019/06/18/rep-maxine-waters-facebook-should-stop-work-on-libra-cryptocurrency.html) yesterday in response to Facebook's announcement about Libra:


That sounds directed broadly at "cryptocurrencies" and not just Libra. This might fast track regulations that continue to clamp down on the entire crypto market.

Right, this might be just another excuses for US congress or regulators to have their intentions to put a hastily framework and put a hammer on everything related to crypto in the US. Regulators have been suing companies and individuals and I'm sure they're talking behind how they can swoop everything with the help of US legislature. So let's see what regulatory framework this will come up after a July hearing with Libra's creators, but I'm sure if will not be very positive and it could really affect the general market.

USA is already regulating cryptos though and it's clear that most projects don't want anything to do with the US, most ICO's do not allow US citizens to participate, Binance and Bittrex are blocking them too.

It's because the mass doesn't know how to seperate poor and biased journalism from ubiased quality journalism. Most news outlets target the mass and adjust their content so it's easy to understand and look trustworthy.

People above what we would refer to as the average joe category are doing their own research, where they are much closer to the source (and thus the truth) than all these copy and paste news outlets will ever be.

Good thing is that most people who are here for the right reasons quickly figure out how bad the journalism is in the crypto space. The rest will likely get rekt and exit for ever, so the space will clean itself if you give it enough time.

10,000 would be an ironic top anyway.      The standard move of markets is to sell when you have reached the target not begin a new phase, its a classic area for people to take profits which then confirms that price as a ceiling.

However I dont take round numbers as half as significant as people rate them, this token is not measure in US dollars because its not an exclusively national currency.   Its not bound to the old Bretton woods system where USA is the worlds backer of currency and storer of gold, that system is being phased out clearly as we have seen so much advance from Asia economies over multiple decades.   The old system no longer meshes with a real world economy, its supported by politics not trade.   Why are we still bound up worrying about one single country, this is a regressive view for a progressive system

If you want a really bullish target then 10,300 would be opposite of end of a upwards channel, the bottom of which we hit on June 18th lows.    Even if very bullish, thats your top price for now then we likely have to digest from there.   I do expect as always there to be a cycle of selling then buying not just one thing

with the way price is slowly rising instead of an excited jump towards $10k, it may not even be possible to see a drop or reversal after hitting that target. so the emphasis people are putting on $10k as the target where short term traders sell their coins may not come true as we may even see the actual FOMO kick in after breaking that resistance and the sheer amount of money jumping in can prevent price from coming down.

This is really good, what's happening is a clear bullish movement and I $10,000 is close and it's just around the corner.
There might be some correction but I guess when $10,000 will be broken, we could go higher, maybe over $11,000 before the correction starts again.

That's just the SEC side of things. FINCEN, FINRA, the CFTC, and state financial regulators are going to up the ante as well. Even if the IEO and ICO markets are off limits for US investors, the overall US crypto market is still a huge market exchanges want to tap.

Apparently I was wrong in not taking this FATF stuff seriously.....all the G20 nations (and beyond) are going to be enforcing these super low financial reporting thresholds for crypto. Virtually every exchange will probably be mandating KYC or at least drastically lowering withdrawal limits soon, and not just for US users. This will apply to most countries.

People will still be able to bypass regulations though, I believe what is left of 2019 and 2020 will be HUGE for privacy coins since a lot of people will be forced to switch to them most likely.

@Whaleagent. Agreed! Those people who are embracing regulations for the cryptospace do not know what is coming for them. I reckon they only want to be rich from holding.

it seems like this is exactly what happened. we saw a small FOMO as i predicted last week, which brought the price higher instead of letting it go back down after breaking the $10k resistance and the correction happened after going above $11k ($11250 to be exact) instead of after $10k.
the more interesting part is that the momentum is still there and if it remains this way we can see higher prices before June ends.

I think FOMO might already be starting.

If you use Mozilla Firefox and you have the default page set to the Firefox splash page with the Top Sites, High lights, etc there is a section called "Recommended by Pocket" and they post random interesting news to read. I usually read the headlines and sometimes I read the articles, some are pretty interesting. This is pretty much like if you have an iPhone and you swipe left and you see the Date, Up Next, Siri App Suggestions and finally News. This would be listed under the News.

Today I open my Firefox and I see the first article being referenced to Bitcoin. Imagine how many millions of people open their browser everyday and see this.

For anyone interesting, here is the article:
https://getpocket.com/explore/item/bitcoin-is-a-delusion-that-could-conquer-the-world?utm_source=pocket-newtab

Really good as it seems the correction has happen and bitcoin is now on a mission to achieve a new high.
Bitcoin did not dump below $10,000 and that's a good news for all of us, we might be seeing bitcoin reach $11,000 again and then $12,000.
When the market is so bullish, most of our bullish prediction will hit even if others think it's very unrealistic as it contradicts on their TA.

price needs to go up fast for fomo. previous ath of $1250 had to go 10x to get fomo in 2017. Many people are still underwater from the last bull market,if they held, so at minimum a new ath might spark it , but im thinking along the lines of at least $30-$40k+.

However, is the FOMO something to be excited about? The last time there was a FOMO, the dump followed. It always follows.

It should be $21k in my opinion. I expect a much more aggressive and strong FOMO if we shattered that old all time high record. People have witnessed the 2017 moon event and the thing that will be always in my mind is that when it hits $15k or $20k then everybody will all cashout again. The larger the price, the larger the FOMO so let's get to $100k, shall we?

I needed some Tom Lee news but there was nothing about him saying anything about this dump. Is he hiding again hehehe?

In any case, he said that the altcoin bulls will be the next to come. I reckon the bagholders will be happy hehe.



It’s a well known fact in the crypto market that altcoins typically have their bull market moment after bitcoin has finished its course. With BTC dominance breaking above 60% for the first time in 2 years, it certainly seems like the time is coming for altcoins to enjoy new highs. In a recent tweet, Tom Lee, co-founder of Fundstrat Global Advisors, confirms that he believes the altcoin season is coming, and shared a post which highlights 9 small cap coins that are starting to post solid gains.

Source https://bitcoinist.com/the-altcoin-season-will-come-says-fundstrats-tom-lee/

He said that at least we are out of the crypto winter, and this kind of pull back is very healthy for the ecosystem.


https://twitter.com/fundstrat/status/1144198634986037249

I guess it's time for him to pump up the altcoins and probably his clients is some of the biggest bagholders around.  So let's see the FOMO around $10,000 has been reached already, time for him to make a new statements to fit his narratives to satisfy everyone around him.  :)

actually the "fact" has always been that altcoins get pumped when bitcoin is stable. simply because traders can't make the same amount of profit from a stable market so they invest their time temporarily in altcoins to pump them.
otherwise when bitcoin bull market ends it always ends with a bubble (like $20k) and that is followed by a bubble burst  which then causes altcoin dumps.

That has bee the trend in the past, and I guess it would not change until it will really change.
Therefore, it's expected that the bull run for altcoins are going to happen this year, provided Bitcoin bull run will start and break the ATH.

However, if you check some of the top 100 altcoin's prices in fiat, they are also bullish. But only not as volatile as bitcoin, however. Tom Lee might only be speculating that this might change soon because altcoins have normally been more volatile during bull or bear markets.

actually they are not.
if you look at the market you can see that they are only showing gains in their USD value purely because bitcoin price against USD went up and people are trading them with bitcoin not with USD. and they didn't even match the rise of bitcoin because they were actually dumped. for example take the two top altcoins compared to bitcoin from April first that bitcoin big breakout happened:
bitcoin: from $4100 to $11800 -> 178%
XRP: from $0.31 to $0.40 -> 29%
XRP: from 7557 sat to 3407 -> -54% (lost half its value)

ETH: from $155 to $292 -> 88%
ETH: from 0.035 to 0.022 -> -37%

i don't think we can call any of this "bullish"

@pooya87. I said to check the prices in fiat, however. From your example, Ethereum has almost doubled market capitalization in fiat. That is bullish.

I'll disagree with it, the only reason ETH double because it did not move while BTC is moving up so it has benefited on the BTC increase.
I have a different standard when considering a bullish trend, and I'd like to see ETH move like BTC and carry its ETH tokens to also rise.

@freedomgo. If it did not move then it will not double in market capitalization hehehe.

Look at Ethereum's chart versus the dollar. It has touched its support on December and the price in fiat has been increasing slowly after that. You cannot deny that it is bullish, but less volatile than bitcoin for now, however.

my whole point was that you should not look at altcoin prices in USD unless you are actually trading them with real US DOLLARS! but as long as you are going on an altcoin exchange such as Binance, then deposit bitcoin and buy/sell altcoins with bitcoin you should look at their prices in BITCOIN!

let me give you an example with a real fiat scenario (pound that dropped over the last week).
lets use a hypothetical situation where ETH has 100 million supply and is worth 100 USD (for easy calculation) over the past month without changing at all.
last week 1 GBP was worth 1.27 USD so ethereum price would have been 78.74 GBP which is 7.874 billion GBP market cap
now GBP has dropped so ETH price is 80.64 GBP and that is 8.064 billion GPB market cap

in other words ETH market cap without even moving its price grew 190 million GBP! does that mean ETH was bullish?

now lets say ETH price actually fell down to 98 dollars that still means its market cap in GBP went up to 79.03*100mil = 7.903 billion GBP which is a 29 million GBP growth. do you still call ETH bullish?

@pooya87. I said to look at the chart in fiat. I did not mention anything about trading and I was only indicating the direction of some altcoins in fiat. I reckon they are bullish, however not as volatile as bitcoin.

Your example is only complicating it.

I don't look at the fiat value of ETH because that is not my basis in determining whether it's bullish or not.
But I would be happy if ETH will not drop and bitcoin will continue to moon as like I said, it will influence its USD value, but that should be credited to BTC's good performance and that's the reason why BTC is so dominant and even if altcoins like ETH will just remain stable in BTC value, it's value will still be good but not as better as bitcoin who solely initiated the rise.

@freedomgo. Maybe next time you first try to read and get the idea of the argument before making a post.

Also, comparing altcoin prices to something as volatile as bitcoin might not be the best way. Bullishness might be more practically measured by using something more stable.

I respect your opinion but we don't have the same interpretation on what we are saying, let's just say that's my way of analyzing things, after all no one can assure that his analysis is correct all the time. 

@freedomgo. It was because you did not read what I said. I said bullish in fiat, capitalization doubled in fiat and their only difference, bitcoin is more volatile.

In any case, Tom Lee's latest statement hehe.


I think all-time highs are imminent.

Read in full https://bitcoinist.com/bitcoin-to-hit-new-all-time-high-imminently-tom-lee/