✨✨✨ FOMO: Fear Of Missing Out Is Driving Bitcoin Prices ✨✨✨

[ShortCoins]

CAYAMTB.

(chances are, you already missed the boat)

I agree strongly with this when it comes to bitcoin. With the price having skyrocketed from $0.003 to $17,000 USD chances are that you already missed the boat in terms of tremendous profits. But because of FOMO (fear of missing out) people are coming in and buying bitcoin for very expensive prices simply because so many other people have made money off it. I think FOMO is one of the driving forces right now for bitcoin prices

[dawoodkhan97]

It is true that after the bull rally of Bitcoin
in 2017 with each day new ATH, most of
the people are buying due to FOMO and the
same goes for other cryptocurrencies.

Cryptocurrency is even now mostly speculative
in nature with only a few people with proper
analysis and knowledge of what it is.

[John Langut]

Bitcoin is not the only coin that is being driven by FOMO. If you look at Coinmarketcap you see multiple coins in the top 100 rising over 50% a day.

[Tszunami98]

I just passed away from FOMO because i have managed to gather a decent amount of btc to be at least on the back of the train . But i can tell you for sure that FOMO is real, i could even sleep and all i could pray for was that BTC price wont rise until i collect some more satoshi.