Bitcoin Forum

The exciting and wild big bull run in 2017 was attributed by many to the heavy speculations and when bitcoin waned the market panic which partly resulted into the bitcoin winter that affected us in 2018. Now, in 2019, bitcoin started to show its bullish side and this time around it is attributed to FOMO (fear of missing out).

When bitcoin can go beyond the $10,000 psychological barrier, what do you think they will attach it to?  I guess the honor will go to aliens (just kidding). Seriously speaking, what can be wrong with these scenarios?

Well for bitcoin to have driven crazily to $20K, FOMO won't have been able to push it there, otherwise it would have stopped along the line. Some friends think it was as a result as of some earning platforms that were paying passive interest in 2017. Still he couldn't have been as many of such platforms failed in 2017. Well may we have some secret whales backing this community. 

Probably be the same thing: FOMO and speculation as there seems to be no other driving force for bitcoin to go beyond crazy levels. Manipulation is one factor but given that there are a lot exchanges and different platforms out there, manipulators can only do so much, perhaps inspire/trigger a FOMO effect and let the magic happen from that point forward.

Honestly I won't be mad if this time they attribute it to aliens but oh well..

Bitcoin reaching $10000 is not so far away I  am envisioning a more greater target but my worry is bitcoin raise unlike previous times is not carrying along with it other altcoin and the initial coin offering aspect is doing poorly

Bitcoin bull run in 2017 not because of speculation will include the demands and the most causes trigger for the bullish is the august sigwet correction.
My opinion if bitcoin today rach 10,000$' increase possible to bring it into another bull run but depends on the volality moments because we know bitcoiner is unpredictable.

today.  BTC is difficult to reach $ 10000.  speculation the price of BTC now is very low. 
I agree with you.  that FOMO is one of the factors that affect the slow graph of BTC.  we need volume, spread and high volatility. 
but I predict that by the end of this year BTC will reach $ 10000.  and that is the safe point.

That speculation ignores all the fundamental realities of how bitcoin works:

https://www.amsinger.org/sample-analysis

Bitcoin is very predictable if you understand its cash flow and assets. I publish the combination of these in the fundamental price floor measurement on my site.

Aaron

One of the factor that affected the bull-market is FOMO, most people jumped in to bitcoin when the priced really spiked during the bull-market.
I guess once the market starts peaking again, same thing will happen and it will continue until the price stops rising, then another market correction will happen again.
The cycle never stops and history will only repeat itself.

That is why it is good to make money off of it ;)

I think bitcoin going to $10,000 this year is not impossible. But I think this year is a bit different since it is weird that some of the altcoins are not improving that much unlike bitcoin. It is like bitcoin alone is the only one moving up. Bitcoin can bring us to bull but it would still depend on the volatility.

Indeed,we already knows whats gonna happen when we see bitcoin mooning,we will surely see people hopping into bitcoin creating huge demand and then surely gonna pump then its so easy to make money.

people always come up with weird reasons for both bitcoin rises and falls mostly because they can't explain the rise and falls so they stick to superstitions. in this cases it was FOMO, it was panic and all that but they  weren't the only reasons and not even the biggest ones.

for example in 2017 the biggest reason for the rise were the adoption! in case you have forgotten we had a couple of countries mass adopt bitcoin as a currency (aka a legal way of payment) by their government and at least one of them removed taxes on bitcoin payments. we also had the scaling wars that had lasted more than 3 years come to an end. in fact i am sometimes surprised why it didn't go up more than $20k!

Well the $10K price per Bitcoin is just around the corner.
We are really near from it I think we just need a little push or something to start up a strong up trend again.
And if it does it would only be a matter of time before it reach $9K then go straight to $10K.

One wrong mistake that is resulting in their disappointment is expecting too much. Most of them are expecting too much from the market. We all know that the market is volatile and once it strikes high, there's a possibility that it could drop down anytime. $10K would be a good price but as we could see, there are always corrections that is occurring.

We did break the $9,000 value but drops speedily to below $8,000 now,so the 10k value is not so far from reality in which we can foresee with the end of 2nd quarter
In the first wave of pumping yeah altcoin had been leaves behind but now the movements are doin*close thing that good for investors
So what?who cares about the ICO?are you?lol that scamming must be stopped because this is the age reason why many investors are leaving crypto since the become a victims

People might sold early and take profit, for the fear that the market will dump again so the wrong here is that, they are panic selling as the price started to go below $10k again. Its not a big deal because for me its just a small correction again, and that's always happening for a new pump. Bitcoin speculation will still be high, and the honor will goes to the supporters and hodlers of bitcoin its an honor and good to be part of that.

If ever it reaches 10K and above again, it will be because of fundamentals and adoption and a lot of FOMO and price manipulation. It will be the same cycle until bitcoin grows large enough that whales will not be able to manipulate it. It will be years more before it happens.

It's difficult if you think of it achieving in just a very short period of time, but if we give time like within this year, I think it's gonna be easy.


When $10,000 will be achieve, I have a big expectation to happen in the market, most probably altcoins will get their usual dominance rate back again.
They have been down because of bitcoin's dominance, people are more focus on bitcoin and that resulted to a non stable growth of altcoins, things will change eventually as people will again trust altcoins in the market.

i think there is a good possibility that the biggest challenge that we are goint to soo for a while is the one that we have already faced and it was the breaking of $4000 barrier which was the strongest one since it was also marking the market reversal out of a big dip and a long bear market. in comparison the $10k one may not be as big or hard to break. the next one that may start being a real challenge is going to be the previous ATH at $20k.

Speculation varies, and people wouldn't stop make predictions and analysis on where market is going to be, you can arguably say the market is dead when its a winter season, and somehow some triggers make bounce and its dead cat bounce. FOMO happens when people doesnt do research and want to make a quick buck over days. Versus those that have faith in the tech and make adjustment on trends, or simply embrace bitcoin as a way of doing transactions. Its really a 50/50 for those that make their decisions.

I don't really understand what kind of attaching you are asking about. Do you mean the proposed reasons for the price barrier being behind? I don't think that the market back in 2017 grew only because of speculations and now is growing out of FOMO. I think 2017 was also about investing now to be among those who did not miss the opportunity, whereas the current market growth can be attributed to various factors, such as a long belated correction after more than a year of the bearish trend, the number of users growing every day, the increasing popularity of Bitcoin etc. What I think is the difference between then and now is that now the pace is slower, and the community is more mature (no panic selling after articles about hacks, unfavorable legislation, etc.).

I think bitcoin still need time to reach $10,000 and maybe we will not see bitcoin increase higher in a short time.
I don't think that will be wrong with those scenarios because we already have seen so many predictions about the market and the truth we still don't know where the market wants to go.
The FOMO will always be there no matter if bitcoin price increase higher or not because they are afraid of missing something at the market.

Indeed, FOMO's habits will not be lost in the soul of the merchant, I think you and everyone trading have that habit. And I think bitcoin is starting to show a bullish side not only because of FOMO, this is more because investors are starting to return after the bitcoin signal in early April and followed by the emergence of the IEO.

Actually bitcoin will be easy to rise above $ 10k or even touch $ 12k in this 2019. Last week the price of bitcoin reached $ 8900, and it was very easy in 1x of movement. Indeed bulls don't go as far as 2017 ($20k), but there are signs that bitcoin will continue to grow rapidly at the end of this year, or at least mid Q4. Let's look at the graph in a few weeks. Not FOMO.

:D to be honest, I was like this before. Easily blaming FUD or FOMO.

I am not sure which countries you are referring to, but I believe Japan is one of them. It was last year when I read a similar post explaining the Bitcoin rise to $20K.

Many people think that FOMO will begin when Bitcoin overcomes $10,000, which is just half of its maximum value. Some fundamental news may push the price to this mark. Also, the expected halving of the reward for a Bitcoin block can contribute to this.

in the end it doesn't matter what people guess about bitcoin and the reason why its price is rising and falling at different times. the only thing that matters is that bitcoin is doing its own thing regardless of all this speculation. people can call the rise from $0 to $8000 a 10 year FOMO and it still wouldn't change the fact that price is rising and continues to rise. in other words the real reasons are there and are pulling the price upwards every day whether we hear about them from these speculators or not.

No doubt about price manipulation of whales. But it is not easy. See the immediate downfall of bitcoin when he finally reached $9,000? FOMO always enters the crypto market whenever unexpected downfall has been experienced. But if we are confident enough that $10,000 is just around the corner, we couldn't be fall on FOMO. Selling right away will not give you enough profits. Patience is always the key here.

FOMO on any market will never stop because investors will hype a thing and if the new investors saw that news, for sure they will bite and invest money because they think that will last more. FOMO is not good, but if we already have the experience in this market we can just see that FOMO is just a short period of time, and later on those who invest will suffer. Its sad that the price of bitcoin was being played like this.

I think this analysis and question makes sense, if it is like that, I think 2020 can be a very good time for bitcoin, BTC will skyrocket again.

This is the dillema of the trader like me. I don't know if when I can enter or exist in the market. Maybe today, I will enter the minimum price but later on, it will goes more down. Due to FOMO, many people are expecting that bitcoin bullish just in a minute or in an hour. It really triggers the market a lot. However, because of ignorance bitcoin easily goes down.

The price of 10k is likely to be achieved soon by Bitcoin, in 2019 the movement of bitcoin is very good and will soon pass the price of 10k and even surpass it.

If 10k will be reach then people who buy on bull run will think they have a good chance for a new ATH and will hold until they can get a profit, but indeed people who buy on bull run maybe lose hope because bitcoin drop a lot last year.

Price manipulation and speculations are the foundation of all price movement that occurs throughout the crypto currency market.... and it isn't a bad thing.... It's a good thing.

Price manipulation is always 'initially' a very inexpensive excercise.. Untill you have attracted genuine buyers into your asset... Genuine buyers = Genuine sellers...

Without genuine sellers, you can buy and sell to yourself all day/night/week/month/year - the price will increase, as will the volume - BUT, this ALWAYS attracts genuine buyers. Which is when you have to start spending money.

When genuine buyers buy into an asset at an artificially high price, they place their sell orders at levels that are even higher than the initial artificial price level.

For bitcoin in 2019 there was a lot of volatility. Especially at the end of the year, Bitcoin has tended to decrease because traders have heard a lot of bad news about it. But Bitcoin is still the king of cryptocurrencies, and maybe early 2020 will be a big leap for bitcoin

To be a successful trader I think one must be wise enough not to follow speculation, avoid FOMO and overlook FUD. I remember in bull run 2017, there was speculation that BTC next target will be 50k in 2018. Many bought due to these speculations and are still struck up.
Just buy BTC and HODL, BTC will never disappoint you.

Nothing is wrong since bitcoin is touted to be an speculative asset today. I remember putting this thread in May, Where's FOMO at? Tom Lee (https://bitcointalk.org/index.php?topic=5143997.0).

So obviously when we reach that $10k, the price suddenly shoots up around that May-June, and it's the FOMO that drive the market that time. And now we are waiting for the block halving next year and see where this FOMO will take us, $20k?$40k? $50k?

At those times when market breaks the resistance level in 10k dollar market price, that will be the start when investors and traders will think about FOMO. Basically, the small investors in the market will not lose that opportunity as there is enough reason for them to trust the market with their funds. But concerning with the market price which could be the next ATH, I don't really think it can boost way up higher than 25k, I do really believe that the altcoin season before is the biggest factor of that market increase.

I think though now FOMO is at it's lowest as we go into the Holiday Season adn then after the new year we are also going to have the Chinese New year also. I believe many will unload their BTC at these times and those trading on Bitmex etc will be shorting heavily. I see the price dropping at least another 30-40% by the end of the Chinese new year, so that is the time to be loading up after the Chinese new year before the spring time comes. Then it will most probably pump again. Every since futures market came to Bitcoin, market has never been the same again.

FOMO definitely leads to faster growth. This is human psychology. People want fast money right now rather than waiting for investment returns for a long time. I think that's why we're seeing such big pumps and the subsequent sharp decline in digital asset prices.

yes FOMO can indeed make price movements surge but the price can go back down again. it's good we control emotions when investing or trading. because if emotions are out of control, we can get caught up and follow the FOMO and the worst thing that happens is loss.

A little fuel can start a fire, like a little news can affect the bitcoin price maybe for good, the price will go to ATH again after years or maybe bitcoin price will be more dump like 2018 or lower than it was. News indeed has a big role in everything, so a lot of good news are in need so that we can say that by next year bitcoin price will go up again like what is has been before.

A group of people has planned to promote bitcoin to 20,000 USD. I have seen cryptocurrency exchange hacks before and cannot successfully investigate. Next they started advertising bitcoin news and they began to gradually increase the value of bitcoin. Next they pump the altcoin price to earn more bitcoins and let those altcoins slip. The next step is to create an ICO and own tokens from bulk ICO projects. After they accumulated enough money, they pushed the bitcoin price to the highest level and sold them all according to the plan they had planned in advance.
After the hacks, the money in the market became scarce and they were easier to publish news and manipulate.

Everyone could freak out and expect there to be a massive drop and begin selling and thus the ball rolls just like it did when it was at 18k Eventually people calm down a bit and the ball stops rolling. I don't think it will go too low though.



When you have fomo because of greed you need to be very careful. That's when things go wrong. People want to "cut their loss" or just buy as the price goes up from greed.

Bitcoin is one big speculation. But with a good prospect, at least one more crypto-hype, where new peaks in the range of 50,000 - 100,000 will be achieved.

I do not really consider FOMO for me to approach the market in such a way that there is a news for me to have something to rely on. I base my investment on the money that I have, depending on the market analysis that I think would possibly be true rather than believing in FOMO which is quite not formal for me to trust. If you want a good ROI that is quick and with assurance, then FOMO will not be the best to consider but also add a bit of a research and market analysis of the graphs or behavior of a particular cryptocurrency.

Right. People who usually jumps on the fomo train are those that aren't doing much research about where they'll put their money so they rely on the current trend. These are the people who also are more prone to losing a lot whether in the short or long run. Greed usually is the downfall for anyone who fear missing out a pump. The best thing to do is to keep yourself aware and study where you'll put your money on. That should be pretty basic so you won't lose a lot with fomos and fuds.

FOMO does happen a lot in people who are easily provoked in their emotions, those who are calm sometimes get caught up in FOMO. it can happen because of greed or carried away by FOMO, you need to check before starting investment or trading, if not then FOMO can happen to you

It was one hell of a Bullrun back in 2017, the initial peak high was around $20,000 per Bitcoin and it took altcoins all the way to the moon with it. It was almost too good to be true.
    Then came the death spiral that lead to a massive panic all around as fear and uncertainty loomed. The bubble popped and the price deflated rapidly.

Everyone was hopeful that time, everyone was happy as they can see that their future was bright and that their wishes can come true, very few did cash out and took the profit, most of the people got hype and thinking it will still go to $50k so instead of cashing out, they added their investment and at the year 2018 everyone was disappointed and lost a lot.

FOMO can push the price up sometimes . There are lots of people here that don't buy Bitcoin and they keep on asking questions on when to buy and they keep on delaying, once they see that the price is going and there is a bull run, that's when you will see them rushing to buy Bitcoin and there are many such people and when they start rushing in it pushes the price up as the demand increases for Bitcoin.

But, I cannot really tell the reason why the price is up, the only thing I can say is that for sure we all know that whenever the price of Bitcoin goes up is usually all about demand and supply.

This year, there was a good price of $14,000, and those who were very nervous got the opportunity to sell what they bought in 2017, but I'm sure most of them stayed on.
I managed to get into the 4K - 5K range, so I'm not very worried :)

That is the FOMO that in the end they will only push prices for a while because then dumping will happen soon, because delaying longer to buy is also not a good idea because prices can move quickly. Indeed, it never hurts us to wait for lower prices to buy, but when you do not have a reference to the lowest limit to buy then in the end it will have a bad impact even though sometimes it becomes an unexpected profit.

I think there is nothing wrong in this scenario, it's just that it's just a matter of person, which makes the price of bitcoin unstable, they think about themselves, and make others cry .. !!

I think Bitcoin's price is manipulated by Bitcoin whales: investors, funds, miners. It does not take much money to manipulate the market. If you have a fund with a few hundred million dollars, you can move price. Politicians and governments can also easily manipulate Bitcoin's price. Think of the Chinese President's comment and how many influencers run after it to pump price.

Small and individual investors who fall for speculation and FOMO, they'll lose money. You can't outwit the guys with deep pockets. The way to win for small investors is to hold long-term. If you don't hold long-term, your money will flow into the whales' pockets.

Will a FOMO occur again? I think about it negatively. What if Bitcoin goes back to $ 14,000? I think there's a lot of sales. $ 20,000 won't be easy this time. People have been very worn out in the last 2 years. Big sales can now come from small uptrend.