THE FOMO!

[magneto]

a while ago i started a topic here talking about the FOMO that is going to occur when the price rise begins. here is the topic: https://bitcointalk.org/index.php?topic=5108231.0
although there weren't that many votes but it seems like most people got the right answer (the shoot up to $5k) which was the FOMO that i was talking about there. the initial leg up which shoots price upwards $1000 in a couple of hours.

now another question. what do you think the next leg up is going to be? maybe you think there is no FOMO and only a slow rise this time?
lets see how the results are going to be this time...

I'm still not terribly convinced that this is necessarily the start of a new bull market, as some people have already jumped to conclusions about.

We can already see some resistance at the $5k level that is keeping prices down right now. And I'd certainly agree with the fact that the bull rally is pretty much solely fueled by FOMO, and backed by close to no fundamentals. People have been waiting for a spark in the market, it seems.

But it does go to show that investors are at least somewhat confident in $3k as a floor, in my opinion. Though, even after the rally the probabilities of regressing down to $4k is present, but I don't think that we'll see new lows being made anymore. The second half of the year should see some pumps of similar nature, given that the halving is occurring in the first half of 2020, which again, will likely spark demand in the market.

[jazmuzika217]

$1000 is a probable target, though from the looks of it, it looks like the movement has lost its steam and is now residing at the gentle arms of $4700 and won't be pushing any higher anytime sooner. The $800-$1000 price increase earlier was so abrupt that it looks like someone just bought a huge number of coins on an exchange and forgot that they might affect the market, although if that was the case, other people may have dumped their coins by now, but the price still stands to where it is until right now.

This is the power of big whale when they started to buy  most people think this is the start of bullrun comeback  but the reality people are being Fomo and follow the price momentum, if this up trend continue well we can say the bull run back butas of now until theres no confirmation youneed to observe carefully the market price.

[Questat]

Don't you guys think this is still a trap?  Now that's going to create a a FOMO.

I don't care, I made profit and that's it, it's the nature of the market movement, sometimes it's manipulated but I guess it's up time soon.


Thanks for the poll, I cash my vote already and I am expecting that with this bull run that creates FOMO, we can go as high as $7,000 in this quarter alone.

[d1ceplayer]

It will be a good thing if FOMO can continue to ginger more investors to come in instead of leaving it to manipulators, without FOMO input, the price might crash easily, whatever increase we wetness from investors out of FOMO has the tendency of staying longer in the market and being used for transactions because FOMO funds are mostly from genuine investors, although each of their investment might be little but the number of investors are what we need the most.

So, let whales continue to play their game, while investment through FOMO also contributes its own, I just hope that these genuine investors will not panic sell when the whales tries to crash the price again.

[Kemarit]

a while ago i started a topic here talking about the FOMO that is going to occur when the price rise begins. here is the topic: https://bitcointalk.org/index.php?topic=5108231.0
although there weren't that many votes but it seems like most people got the right answer (the shoot up to $5k) which was the FOMO that i was talking about there. the initial leg up which shoots price upwards $1000 in a couple of hours.

now another question. what do you think the next leg up is going to be? maybe you think there is no FOMO and only a slow rise this time?
lets see how the results are going to be this time...

I'm still not terribly convinced that this is necessarily the start of a new bull market, as some people have already jumped to conclusions about.

Exactly. But we can't stop those who jumped to that conclusions. They need something to spark and it looks like they have seen it and believed that this is a bull run in a making.

We can already see some resistance at the $5k level that is keeping prices down right now. And I'd certainly agree with the fact that the bull rally is pretty much solely fueled by FOMO, and backed by close to no fundamentals. People have been waiting for a spark in the market, it seems.

At least, it slices the $4200 and $4500 resistance so easily and keep going until a big wall in front of us at $5000. Right now the price is playing around that price, and the only logical reasoning why it's hard to go  over it is because there are speculators who are taking profits.

But it does go to show that investors are at least somewhat confident in $3k as a floor, in my opinion. Though, even after the rally the probabilities of regressing down to $4k is present, but I don't think that we'll see new lows being made anymore. The second half of the year should see some pumps of similar nature, given that the halving is occurring in the first half of 2020, which again, will likely spark demand in the market.

That's the good thing though, it looks like $5000 will be the new lows for now. At least for now no more $3000-$3600. And the market seems to be alive, unlike in the last couple of months wherein it was sort of boring for majority.

[$anounimus$]

Don't you guys think this is still a trap?  Now that's going to create a a FOMO.

I don't care, I made profit and that's it, it's the nature of the market movement, sometimes it's manipulated but I guess it's up time soon.


Thanks for the poll, I cash my vote already and I am expecting that with this bull run that creates FOMO, we can go as high as $7,000 in this quarter alone.

I think only the blessings of FOMO will never be easy to reach the price of $ 7000 because surely price movements will go up and down and it is difficult to make the price to be expensive if there is no good news that can trigger a rise in the price of bitcoin.

[Gaff]

Don't you guys think this is still a trap?   Now that's going to create a a FOMO.

I don't care, I made profit and that's it, it's the nature of the market movement, sometimes it's manipulated but I guess it's up time soon.


Thanks for the poll, I cash my vote already and I am expecting that with this bull run that creates FOMO, we can go as high as $7,000 in this quarter alone.

Much better it it's higher than what we've expected for these days, FOMO or whatsoever. The important is we will benefit everything on what the outcome might bring towards bitcoin price increase. Don't lose hope and never quit with bitcoin, let's keep the situation as normal in times of unpredictable market. We may see good in physical monitor, but eventually it will not be in reality since bear market always dominated the recent price spikes which went down gradually.

[gabmen]

Don't you guys think this is still a trap?  Now that's going to create a a FOMO.

I don't care, I made profit and that's it, it's the nature of the market movement, sometimes it's manipulated but I guess it's up time soon.


Thanks for the poll, I cash my vote already and I am expecting that with this bull run that creates FOMO, we can go as high as $7,000 in this quarter alone.

I think only the blessings of FOMO will never be easy to reach the price of $ 7000 because surely price movements will go up and down and it is difficult to make the price to be expensive if there is no good news that can trigger a rise in the price of bitcoin.

Well if you think about it, btc moved from sub 4k to 5k in a matter of days. So getting to 7k by june isn't impossible. Especially with a lot of people becoming excited over the current trend. It could really start a fomo run but i wouldn't want to jump into that if ever. I'll just stick to the btcs i currently own.

[StarofBTC]

a while ago i started a topic here talking about the FOMO that is going to occur when the price rise begins. here is the topic: https://bitcointalk.org/index.php?topic=5108231.0
although there weren't that many votes but it seems like most people got the right answer (the shoot up to $5k) which was the FOMO that i was talking about there. the initial leg up which shoots price upwards $1000 in a couple of hours.

now another question. what do you think the next leg up is going to be? maybe you think there is no FOMO and only a slow rise this time?
lets see how the results are going to be this time...

We may not see this speedy pump again until may around September, it doesn’t mean bitcoin won’t grow again from where it is now but it will slowly rise and probably rise $5500 by the end of this April, from there, we will be able to assume the next price it will set fort for again, but I don’t think $6000 is that feasible for now, not completely sure but bear forces too has not completely left the market, the presence of bear is still there are fighting hard against BTC breaking further but I know, there will surely be a factor soon that will help the Bull Trend overcome.

[Ipwich]

a while ago i started a topic here talking about the FOMO that is going to occur when the price rise begins. here is the topic: https://bitcointalk.org/index.php?topic=5108231.0
although there weren't that many votes but it seems like most people got the right answer (the shoot up to $5k) which was the FOMO that i was talking about there. the initial leg up which shoots price upwards $1000 in a couple of hours.

now another question. what do you think the next leg up is going to be? maybe you think there is no FOMO and only a slow rise this time?
lets see how the results are going to be this time...

We may not see this speedy pump again until may around September, it doesn’t mean bitcoin won’t grow again from where it is now but it will slowly rise and probably rise $5500 by the end of this April, from there, we will be able to assume the next price it will set fort for again, but I don’t think $6000 is that feasible for now, not completely sure but bear forces too has not completely left the market, the presence of bear is still there are fighting hard against BTC breaking further but I know, there will surely be a factor soon that will help the Bull Trend overcome.

Who could tell, we are in the first week of the month and we have reached $5,200 in just a short span of time.
$6,000, that's possible, whales are into it again, they change the market situation now and they should have bigger plans to pump this market again.
Time frame expectation is no more relevant when there is a manipulation.

[pooya87]

We may not see this speedy pump again until may around September, it doesn’t mean bitcoin won’t grow again from where it is now but it will slowly rise and probably rise $5500 by the end of this April, from there, we will be able to assume the next price it will set fort for again, but I don’t think $6000 is that feasible for now, not completely sure but bear forces too has not completely left the market, the presence of bear is still there are fighting hard against BTC breaking further but I know, there will surely be a factor soon that will help the Bull Trend overcome.

bitcoin is growing and the price of it is rising but it will not get pumped ever again. last pump that we had belongs to 2013 where Mt Gox was involved. ever since that time we only see rallies and small manipulations but no pumps.
as for the price, at the moment there are a lot of day traders taking their profit after this big rise which is why when we reached $5300 there was a big sell off bringing the price back down to $4900 and after they buy back with their profit we can see the rise continue.

[1Referee]

Well if you think about it, btc moved from sub 4k to 5k in a matter of days. So getting to 7k by june isn't impossible. Especially with a lot of people becoming excited over the current trend. It could really start a fomo run but i wouldn't want to jump into that if ever. I'll just stick to the btcs i currently own.

After the resistance of ~$4300 broke there wasn't much that could stop the price from rushing up to $5000. The resistance we will face around $6000 will be way harder to break through, and it might take all the way till 2020 before we actually break it.

Realistically speaking, the most we can expect for now is to see the price attempt to peak somewhere between $5500-$6000 but it will be brutally rejected if so. No way that without a major catalyst and a lot of new capital we will take it out easily after functioning as critical support for such a long period of time.

If you're in for the long term it's better to hold, but it might not be a bad idea to use a potential $6000 visit to sell a small portion and buy more coins back lower for the same amount of fiat.

[coinplus]

I said much bigger because I believe the "FOMO" mentality is not just another 500 bucks or a thousand dollars, it is gonna be something much bigger, I don't know if it will happen sometime soon but everything looks amazing for bitcoin so it could definitely skyrocket soon, maybe today, maybe tomorrow, maybe a week but it looks like it will certainly happen.

When that happens we will definitely be above 7000+ for sure, that is why I think that next FOMO will be around 9 thousand dollars or so, anything above 10k is very risky because it could fall back very hard but if it reaches around 9k than the fall would be slower and it will be just going back to something over 7 thousand dollars and that is a responsible increase and decrease for the life of bitcoin. Lets hope I am right because anything less or more will not be good for us.

[Malsetid]

I said much bigger because I believe the "FOMO" mentality is not just another 500 bucks or a thousand dollars, it is gonna be something much bigger, I don't know if it will happen sometime soon but everything looks amazing for bitcoin so it could definitely skyrocket soon, maybe today, maybe tomorrow, maybe a week but it looks like it will certainly happen.

When that happens we will definitely be above 7000+ for sure, that is why I think that next FOMO will be around 9 thousand dollars or so, anything above 10k is very risky because it could fall back very hard but if it reaches around 9k than the fall would be slower and it will be just going back to something over 7 thousand dollars and that is a responsible increase and decrease for the life of bitcoin. Lets hope I am right because anything less or more will not be good for us.

Even at 7k, it's already very risky. People just came from a long exhausted bear market and many of those who got beat by it would want to get out the moment they get profit. It's likely the fear of getting caught in a dump is now greater than the fear of missing out.

[Natalim]

I said much bigger because I believe the "FOMO" mentality is not just another 500 bucks or a thousand dollars, it is gonna be something much bigger, I don't know if it will happen sometime soon but everything looks amazing for bitcoin so it could definitely skyrocket soon, maybe today, maybe tomorrow, maybe a week but it looks like it will certainly happen.

When that happens we will definitely be above 7000+ for sure, that is why I think that next FOMO will be around 9 thousand dollars or so, anything above 10k is very risky because it could fall back very hard but if it reaches around 9k than the fall would be slower and it will be just going back to something over 7 thousand dollars and that is a responsible increase and decrease for the life of bitcoin. Lets hope I am right because anything less or more will not be good for us.

Even at 7k, it's already very risky. People just came from a long exhausted bear market and many of those who got beat by it would want to get out the moment they get profit. It's likely the fear of getting caught in a dump is now greater than the fear of missing out.

That's what you think, but I think the FOMO is still greater than the FUD in the market.
It's based on per situation and the situation now is good because we recover and BTC jump higher than our expectation.
This should be enough to conclude that going forward will be a bullish market for crypto.

[GregH37]

Well if you think about it, btc moved from sub 4k to 5k in a matter of days. So getting to 7k by june isn't impossible. Especially with a lot of people becoming excited over the current trend. It could really start a fomo run but i wouldn't want to jump into that if ever. I'll just stick to the btcs i currently own.

June is even quite still far, one of the big analyst we have in the market just predicted BTC to reach $7k by May, which is possible, this $5k we see now was actually predicted for May but we saw the value earlier than expected, so if $7k is predicted for June, then we can see it earlier than that. When it comes to BTC and its growth, nothing is absolutely impossible, we have lots of investors that would even invest normally before then without FOMO, let us now consider what FOMO’s input too will be, so it’s better we get ready for the further spike now to avoid regrets.

[hulla]

I said much bigger because I believe the "FOMO" mentality is not just another 500 bucks or a thousand dollars, it is gonna be something much bigger, I don't know if it will happen sometime soon but everything looks amazing for bitcoin so it could definitely skyrocket soon, maybe today, maybe tomorrow, maybe a week but it looks like it will certainly happen.

When that happens we will definitely be above 7000+ for sure, that is why I think that next FOMO will be around 9 thousand dollars or so, anything above 10k is very risky because it could fall back very hard but if it reaches around 9k than the fall would be slower and it will be just going back to something over 7 thousand dollars and that is a responsible increase and decrease for the life of bitcoin. Lets hope I am right because anything less or more will not be good for us.

Even at 7k, it's already very risky. People just came from a long exhausted bear market and many of those who got beat by it would want to get out the moment they get profit. It's likely the fear of getting caught in a dump is now greater than the fear of missing out.

That's what you think, but I think the FOMO is still greater than the FUD in the market.
It's based on per situation and the situation now is good because we recover and BTC jump higher than our expectation.
This should be enough to conclude that going forward will be a bullish market for crypto.

You're right when you said the FOMO is greater than the FUD which I believed the market trend has justify it but i dont agree with what you when you said BTC recover higher than our expectation because the market have been proofing the surge trend acouple of weeks back which we have been expecting the surge in price.

[freedomgo]

Well if you think about it, btc moved from sub 4k to 5k in a matter of days. So getting to 7k by june isn't impossible. Especially with a lot of people becoming excited over the current trend. It could really start a fomo run but i wouldn't want to jump into that if ever. I'll just stick to the btcs i currently own.

June is even quite still far, one of the big analyst we have in the market just predicted BTC to reach $7k by May, which is possible, this $5k we see now was actually predicted for May but we saw the value earlier than expected, so if $7k is predicted for June, then we can see it earlier than that. When it comes to BTC and its growth, nothing is absolutely impossible, we have lots of investors that would even invest normally before then without FOMO, let us now consider what FOMO’s input too will be, so it’s better we get ready for the further spike now to avoid regrets.

I'm glad majority are talking about the possible price increase for this year.
People changed their mind and they are bullish now, this will attract the thoughts of the newbie or some of the non believers to believe on crypto once more. For awhile, some thought BTC will not recover anymore, or it's over but BTC proven them wrong, it pumped hard and changes it's status now.

[2chase]

I think that the next stage during which Bitcoin will show growth will occur approximately to the level of 6000 dollars. And then, when he reaches the level of 6000, he will be at that level during one or two months. Then there will be the next wave of growth above 8000.

[Barbut]

I think that the next stage during which Bitcoin will show growth will occur approximately to the level of 6000 dollars. And then, when he reaches the level of 6000, he will be at that level during one or two months. Then there will be the next wave of growth above 8000.

Next natural level should be $6,000, than $7,000 and so on, what is interesting is that bitcoin pass trough some levels with incredible speed, and for some it takes time. I will be happy if we see $8,000 by the end of this year, this rise now didn`t make me so excited, you need to get use to it and not to think that every rise is a bull run that happened in 2017, we will need to wait a bit more for similar year when prices will have fast rise to new ath.