FOMO IS REAL

[Crypt1x]

As title says, FOMO is worlwide real now.

Brace for impact on Mars surface, Moon just got passed!  BTCBTCBTCBTC

[HabBear]

For all the posts about "why is this price going up" this is probably the best response.

Plus...fear of missing out explains my usual response, which has been "there's more buyers than sellers."

Perhaps the real question for people discuss here is: how many people do you know that have now (finally) decided to buys some Bitcoin?

Because this has to be more than just existing Bitcoin users buying more (although I realize the math goes against that statement).

[pooya87]

it is so real, it is entering the scary territory in my opinion!
fast rises are never good, they are scary and they never last. slow and steady rise is what will last and is hard to push down.
i'm afraid this FOMO rise is mostly because of the ETF and in case it was rejected again there will be another type of F as in fear and the price may crash up to 20% back to $1100-1200 prices.

[Wind_FURY]

OP, if this move is indeed because of FOMO then holding Bitcoin now is like a game of who will blink first because the opposite will also be true. Once panic starts sinking in the market be careful.

[pooya87]

Back when we cracked $1000 and made it to $1200, just before the ETF decision, I remember thinking - oooh I can't wait till this drops back below $500 so I can buy more.

Now I'm thinking - oooh I can't wait til this drops below $1000 so I can buy some more. Maybe.

in my experience those who wait for a specific price to buy or sell will never do so. because that specific price either never comes or when it comes they continue waiting while thinking there may be a better price to buy/sell around the corner!

[AjithBtc]

Back when we cracked $1000 and made it to $1200, just before the ETF decision, I remember thinking - oooh I can't wait till this drops back below $500 so I can buy more.

Now I'm thinking - oooh I can't wait til this drops below $1000 so I can buy some more. Maybe.

in my experience those who wait for a specific price to buy or sell will never do so. because that specific price either never comes or when it comes they continue waiting while thinking there may be a better price to buy/sell around the corner!

As the price fluctuations happen with bitcoin as an additional feature from its beginning days people mind always greed for more when the price seems increasing or decreasing even after reaching the specific price that's been targeted to make the selling or buying. So keep hold unlike the price move and use it when required.

[Kakmakr]

I doubt that FOMO is driving these price increases at the moment. I think the relaxed attitude from the Japanese regulators towards Bitcoin and the institutional acceptance of Bitcoin has sparked a huge influx of new capital into Bitcoin and this is also pushing merchant adoption.

We have seen big retailers accepting Bitcoin in Japan and with Bitcoin banners everywhere and regulators being Bitcoin friendly, we will see much higher trade volumes on their exchanges.

There has also been several new applications for new Bitcoin exchanges, and that is showing you that interest in Bitcoin is rising significantly in Japan. ^smile^

[JellyO]

As title says, FOMO is worlwide real now.

Brace for impact on Mars surface, Moon just got passed!  BTCBTCBTCBTC

Yup, prices are definitely spiking hard right now because of fear and anticipation of making money. Human nature.

[Pursuer]

apart from all the things people say about this price rise, you shouldn't really forget about all the free money traders made while pumping altcoins. that is a ridiculous number in fact.

when you pump 2 major coins with huge volume from $10 to $80-$100 that is an 8x-10x profit! and all that profit doesn't go away, it comes back to bitcoin and increases the same volume 8-10 times. and that is free money people made which are investing it back in bitcoin.

[pitbully2000]

Etf vote (regardless of outcome) put "extra eyes" on to crypto. I figure it's the "small fish" of wall street, and.now those.sharks are testing the waters....buy and hod!
  Cuz the big $ Just started smelling the blood in  the water

[Denker]

it is so real, it is entering the scary territory in my opinion!
fast rises are never good, they are scary and they never last. slow and steady rise is what will last and is hard to push down.
i'm afraid this FOMO rise is mostly because of the ETF and in case it was rejected again there will be another type of F as in fear and the price may crash up to 20% back to $1100-1200 prices.

I doubt anybody is really expecting the ETF to get approved this time.
No it's because the shitcoins are in a massive bubble. To get in people have to buy Bitcoin. To take profits they have to convert back to Bitcoin and may hold some part of the profits in BTC instead of cashing out all. This is why we still see Bitcoin not bubbling imo, which is good. But when that alt bubble pops who knows what's going to happen. Will this drag Bitcoin down as well? Although I believe the effect wouldn't be that big, or will this be like a massive slingshot for Bitcoin and the start of it's own next big bubble since the last one in late 2013?

[187undercover]

OP, if this move is indeed because of FOMO then holding Bitcoin now is like a game of who will blink first because the opposite will also be true. Once panic starts sinking in the market be careful.

For every action, there is a reaction. Yup, there may be a huge drop after this big run is over!

[talkbitcoin]

OP, if this move is indeed because of FOMO then holding Bitcoin now is like a game of who will blink first because the opposite will also be true. Once panic starts sinking in the market be careful.

For every action, there is a reaction. Yup, there may be a huge drop after this big run is over!

it bitcoin market it won't be the same size though.
and that is not called drop, the correct term is correction. when price goes up everyone starts selling at some point to get the profits out, mostly as short term investment and then price comes down but it won't be down to where it started from.

[MatDerKater]

As title says, FOMO is worlwide real now.

Brace for impact on Mars surface, Moon just got passed!  BTCBTCBTCBTC

What, Fear of Missing Out on some exchange (Bitfinex a prime candidate) going down with all your money and Bitcoins?

[jofus]

OP, if this move is indeed because of FOMO then holding Bitcoin now is like a game of who will blink first because the opposite will also be true. Once panic starts sinking in the market be careful.

For every action, there is a reaction. Yup, there may be a huge drop after this big run is over!

it bitcoin market it won't be the same size though.
and that is not called drop, the correct term is correction. when price goes up everyone starts selling at some point to get the profits out, mostly as short term investment and then price comes down but it won't be down to where it started from.

What if I told you all the traders looking to capitalize on short - medium term swings, the ones that would be taking profits out right about now, are still waiting for the drop to 800ish?  Of course they have upped that target now since it appears it won't hit 800 again and are now probably waiting for anywhere between 1000 and 1350.

What if I told you the money that has been pumping in is a many many small time new Hodlers, hoping that the 1 BTC they managed to accumulate over the last few months will be a retirement nest egg in 15-25 years?

[shinratensei_]

As title says, FOMO is worlwide real now.

Brace for impact on Mars surface, Moon just got passed!  BTCBTCBTCBTC

Due to the mass adoption caused by bitcoin. FOMO is real. We are having a lot of bullish news for bitcoin right now.
https://www.cryptocoinsnews.com/10-new-bitcoin-exchanges-set-launch-japan/
https://cointelegraph.com/news/japan-finance-ministry-guides-bitcoin-exchanges-sets-strict-rules
http://www.cnbc.com/2017/05/01/bitcoin-skyrockets-to-fresh-record-high-on-a-spike-in-demand-from-japan.html

A lot of japan bullish news has driven the price of bitcoin to the moon. A lot of exchange site for bitcoin will be launch on japan.

This should have become a good news for all of the bitcoin traders. Looks $2000 will possible in the future. 

[MingLee]

As title says, FOMO is worlwide real now.

Brace for impact on Mars surface, Moon just got passed!  BTCBTCBTCBTC

What, Fear of Missing Out on some exchange (Bitfinex a prime candidate) going down with all your money and Bitcoins?

I'm bashing my head in right now looking at cross-exchange value differences, and it just blows my mind that there are so many people throwing money into Bitcoin blindly based on FOMO. While Kraken and Bitstamp are relatively close, BTC-E is lagging behind by $111 right now. Bitfinex is shooting forwards based off of the lack of true fiat security.
This just doesn't make sense. For this to be a real rise it seems like all exchanges should be on board, not awful differences between everything.

OP, if this move is indeed because of FOMO then holding Bitcoin now is like a game of who will blink first because the opposite will also be true. Once panic starts sinking in the market be careful.

For every action, there is a reaction. Yup, there may be a huge drop after this big run is over!

This is what worries me. I want to take my money out and wait in fiat for the drop but it seems too good to be true.
As long as I catch the market within an hour or so and it isn't a flash-crash then I should get out and still make money.

Oh man, interesting times.

[Wind_FURY]

OP, if this move is indeed because of FOMO then holding Bitcoin now is like a game of who will blink first because the opposite will also be true. Once panic starts sinking in the market be careful.

For every action, there is a reaction. Yup, there may be a huge drop after this big run is over!

it bitcoin market it won't be the same size though.
and that is not called drop, the correct term is correction. when price goes up everyone starts selling at some point to get the profits out, mostly as short term investment and then price comes down but it won't be down to where it started from.

That is one nice of calling it. But all the same the price will fall not all because of speculative reasons but also because like in any economy, it expands and contracts. There is no escaping it, Bitcoin's price will fall, drop or "correct" itself. Call it whatever makes you feel better.

[serjent05]

I agree FOMO is real.  This is the reason why bitcoin price is quickly rising.  They are afraid to be left behind and miss the profit when bitcoin price reach its peak. 

That is one nice of calling it. But all the same the price will fall not all because of speculative reasons but also because like in any economy, it expands and contracts. There is no escaping it, Bitcoin's price will fall, drop or "correct" itself. Call it whatever makes you feel better.

Definitely when price surge fast, the next thing will be correction or a sudden drop in price since those who bought before the rise will eventually cash-out and the cycle repeats.

[Ayers]

this thing is going to the moon shortly, i'm holding until 2k at least, probably selling there something and buy cheap with the dump, everything that increase so fast will be dumped this is the general rule, it's unbelievable that it's raising so fast why altcoin are still in bubble and raising too this is unprecedent, never a bubble like this happened before really good stuff ahead of us