THE FOMO!

[adaseb]

The real retail FOMO probably won't start until maybe $10K breaks or we get some Bitcoin ETF approval. I think most of the FOMO these days is either people buying back their Crypto they sold last year, people using their Tether, or shorts covering their positions because it looks like it might go higher.

Last time we got FOMO was when BTC was like $3000 and the FOMO started because it broke the $1100 ATH back in 2017. So we are a little while away from the retail FOMO.

[Naida_BR]

The real retail FOMO probably won't start until maybe $10K breaks or we get some Bitcoin ETF approval. I think most of the FOMO these days is either people buying back their Crypto they sold last year, people using their Tether, or shorts covering their positions because it looks like it might go higher.

Last time we got FOMO was when BTC was like $3000 and the FOMO started because it broke the $1100 ATH back in 2017. So we are a little while away from the retail FOMO.

I don't think that people are so naive as they were at the last ATH back in 2017.
Many people got trapped due to the FOMO and they lost much money when they invested in high prices of the bitcoin. Now it seems that they got their lesson and probably they won't make the same mistake again.

[cydrix]

It started again lol I bet it won't last that long maybe a year or so it will move it's price from heaven to hell haha. FOMO is indeed helpful but mostly beginners and speculators are the ones that are causing this though correct if I am wrong hehe purely based on my experience as a beginner haha.

[Questat]

It started again lol I bet it won't last that long maybe a year or so it will move it's price from heaven to hell haha. FOMO is indeed helpful but mostly beginners and speculators are the ones that are causing this though correct if I am wrong hehe purely based on my experience as a beginner haha.

That cannot be eliminated here, FOMO for the newbie and even the old ones here.
It will make the market more exciting because when everyone is buying, that will make the price to result in an overbought situation and the smart
ones knows how to handle the situation, if we failed to sell during the last FOMO or bull run, let's do it this time.

[prtty2gal2]

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.

I don’t think bitcoin will follow that of 2017 pattern again, what I see now is that the Bitcoin value will continue to slowly grow as more investors comes in, the speed each month will get depends of the number of investors then and the amount they are willing to commit into the investment.

I believe that Bitcoin should grow far more than the value of $8000 you quoted there because every stage of value BTC picks, there will always be FOMO which will push it up a bit by adding extra $800 to $1200 and right now, I think most investors are really targeting the ATH and not the value bitcoin will be having this year.

[BrewMaster]

the next phase of  the FOMO has begun.

the first FOMO steps were the $500 to $1000 rises that happened as soon as we exited the $3k range into $4k price range. that initial step i suppose were the investors with more  grasp over the market and bitcoin's history who jumped right back in giving up their greed for drops.

this new phase is the rest who still were waiting to get their wish of a big drop but were eventually disappointed. this is the bigger FOMO phase.
now i am wondering how big this will be before the market calms down. 10k maybe?

[arpon11]

The current market price is seriously surprise to most of us and though some of us has predicted that this going to happen and the bearish  trend is over. I think there is a little elements of FOMO in the current upwards price movement that bitcoin is having now and that has also affected other coins.  As we move on the FOMO is getting bigger and many are buying now and it seems to have no end yet in sight.  We should keep buying now and take the advantage of the current happened now.

[Distinctin]

now i am wondering how big this will be before the market calms down. 10k maybe?

mmmm.. maybe mate, we can't tell right now but we have to expect big.
We cannot compare this bull run to last bull run which happened in 2017 as this is that is happening now is bigger.
For over a year had passed, a lot of improvement already happen in crypto, bear market shows last year but the fundamentals keeps improving.

[wuvdoll]

I am super happy about the fact that I actually clicked "much more" in my answer. Thankfully I was planning on the price going much higher as well and that is why I had much more bitcoins too (although I spent some of the new investments into altcoins as well but I am sure that will go up too).

I have been working real hard to make most money I can possible make and put it all on cryptocurrency in general, some of it was bitcoin but I bought some altcoins and right now I am super in profit, even on a small scale investment compared to most of the whales in crypto world mine got up so high that it is literally one months salary in profit which was something I literally didn't expected at all. Hopefully the price will continue to go up so we can reap more profits.

[Mpamaegbu]

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...

Like a true prophet you spoke. The FOMO has already begun. We are already past $8k. Who knows, $10k may be the next level by nest week.

Honestly, I wish the FOMO wouldn't be there so that we can have a slow and steady kind of rise. The fresh monies coming in should be gradual so as not to cause a similar dump we all witnessed in 2018.

[Oceat]

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...

Like a true prophet you spoke. The FOMO has already begun. We are already past $8k. Who knows, $10k may be the next level by nest week.

Honestly, I wish the FOMO wouldn't be there so that we can have a slow and steady kind of rise. The fresh monies coming in should be gradual so as not to cause a similar dump we all witnessed in 2018.

If this continues within about a week, Bitcoin will reach the $10k level and the five-figure is just happening too early the way i expected it.

But of course, FOMO will also set in, to those who are doing short since they want to gain some from this hype-up market.

[BitHodler]

Honestly, I wish the FOMO wouldn't be there so that we can have a slow and steady kind of rise. The fresh monies coming in should be gradual so as not to cause a similar dump we all witnessed in 2018.

It's impossible to demand anything like that from the market. When the price is going up rapidly, people automatically get hyped up and buy in to no longer be the loser that keeps missing out on these rushes.

Another thing is that retailers in general love to buy things that are going up. For them it's literally a matter of Bitcoin going up means it's doing well, where price down means they think it will fail and could even become worthless.

It's completely stupid of course, but that's how they think. We hovered below $4000 for quite some time, which is an indication that retail money wasn't interested. These people are buying as we speak.

[STT]

FOMO is short term effect I think, I'd much rather see more solid effects in play like actual usage not speculative holds .    The price will or should cycle in a range of prices, it might be 6000 is the new low now.   That cycle allows many people to enter without it purely being about catching the gain, some are always going to be selling the higher edge of that range because they are leveraged.

[Natalim]

FOMO is short term effect I think, I'd much rather see more solid effects in play like actual usage not speculative holds .    The price will or should cycle in a range of prices, it might be 6000 is the new low now.   That cycle allows many people to enter without it purely being about catching the gain, some are always going to be selling the higher edge of that range because they are leveraged.

With $6000 as the new low and the current price is only $8000, I think this will allow investors to enter.
Good to witness the market still bullish and I see some FOMO and it will keep growing as the price is pump many times.
This is the time where we have to be cautious also, let us just don't watch it, but also make a strategy on how to benefit the situation.

[BrewMaster]

now i am wondering how big this will be before the market calms down. 10k maybe?

mmmm.. maybe mate, we can't tell right now but we have to expect big.
We cannot compare this bull run to last bull run which happened in 2017 as this is that is happening now is bigger.
For over a year had passed, a lot of improvement already happen in crypto, bear market shows last year but the fundamentals keeps improving.

i completely agree that each bull run is unique and every time it only grows more because of a lot more adoption but there still are a lot of similarities between them. with that in mind this is like the last bull run but we are not in the end of the bull run to be comparing it with 2017, we are at the very start of it so it should be compared with 2015 instead. now you can see more similarities.... stable accumulation, sudden giant drop below strong support, lots of sad people who gave up on bitcoin calling it dead, the big recovery, initial FOMO jumps and the slow rise afterwards with the bull run of about 2.5x by the end of that year.

[Kemarit]

now i am wondering how big this will be before the market calms down. 10k maybe?

mmmm.. maybe mate, we can't tell right now but we have to expect big.
We cannot compare this bull run to last bull run which happened in 2017 as this is that is happening now is bigger.
For over a year had passed, a lot of improvement already happen in crypto, bear market shows last year but the fundamentals keeps improving.

i completely agree that each bull run is unique and every time it only grows more because of a lot more adoption but there still are a lot of similarities between them. with that in mind this is like the last bull run but we are not in the end of the bull run to be comparing it with 2017, we are at the very start of it so it should be compared with 2015 instead. now you can see more similarities.... stable accumulation, sudden giant drop below strong support, lots of sad people who gave up on bitcoin calling it dead, the big recovery, initial FOMO jumps and the slow rise afterwards with the bull run of about 2.5x by the end of that year.

Of course the FOMO of 2017 can't be compare with what we are seeing right now. We've seen a lot of irrational buyers in that massive spike in December of 2017, but I'm seeing FOMO, but I would say it's minimal though, maybe those who FOMO doesn't want to experience the scenario of 2017. So they are very calculated. Right now there are a shifting from alts->bitcoin->alts->bitcoin. So they are smart and knowing that this is just the beginning of a bull run, but they can also make more money but moving their money around in the market.

[klaaas]

FOMO is short term effect I think, I'd much rather see more solid effects in play like actual usage not speculative holds .

It depends on the speed that is gos and gain on the chart. The higher the spikes the more people will buy inn. We have to wait to see how much steam this bull got

[1Referee]

With $6000 as the new low and the current price is only $8000, I think this will allow investors to enter.

$6000 the new low? How so? We haven't even tested it yet. On top of that, the market hasn't respected the resistance levels that the charts and volume indicators were hinting at, so why would they be respected on the way down when the short term demand vanishes as quickly as it popped up?

Nothing in the market has changed to the degree where I would be comfortable saying that sub $6000 or $5000 levels are history. I'm comfortable saying that about sub $4000 levels, but that's it. Bitcoin has been generous offering second chances to buy lower, so just have some patience and enjoy all the price action that's happening right now.

[beerlover]

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...

Like a true prophet you spoke. The FOMO has already begun. We are already past $8k. Who knows, $10k may be the next level by nest week.

Honestly, I wish the FOMO wouldn't be there so that we can have a slow and steady kind of rise. The fresh monies coming in should be gradual so as not to cause a similar dump we all witnessed in 2018.

But, how can we really be certain that FOMO is really partaking in this price increase, to me, I feel fomo is yet to set in, and this increase we are seeing is just as a result of some good projects being released into the market that are quite attached to bitcoin.

Let us take for example, I heard of 2 great retailers very popular who has integrated bitcoin as payment for their products, I have heard of tether news about their over printing accusation, and I have heard of Binance disabling withdrawal and depositing of coins in their exchange for the main time and many more, these factors coming all together at same time could be a major reason for the spike.

[dimonstration]

FOMO is short term effect I think, I'd much rather see more solid effects in play like actual usage not speculative holds .

It depends on the speed that is gos and gain on the chart. The higher the spikes the more people will buy inn. We have to wait to see how much steam this bull got

It's still hard to put some numbers since bitcoin just started to increase this month and it still not that fast how it act in 2017 bullrun. The good things is that many crypto investors were thinking of coming back due to this increase. Maybe just waiting for some numbers to hit.