THE FOMO!

[El duderino_]

-snip-

Agreed. Although there are some idiots like my friend who FOMOed in at the peak, the majority of this movement was bots and pre-existing buy stop orders.

$4900 is still a low price anyways, when we reach a new all time high he will be very happy with his purchase.

True, if he can be convinced just to hold on. I expect if we see a pull back down to low to mid 4000s, he will panic and sell before the next upward movements, and then end up FOMOing in again at the height of the next rally. Some people just have no patience.

I really wouldn’t know whats gonna happen even a Sharp drop could happen, hope always not for that scenario “but in BTC”
All is possible

What is the really most important thing in BTC is as o_e_l_e_o says PATIENCE .... and accumulate when possible

User count wil keep increasing and price Will follow

[BitcoinPanther]

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,

Yes you are correct, some mysterious buyer bought 20,000 Bitcoin across the market exchange.  It's on the news, https://thenextweb.com/hardfork/2019/04/02/mystery-buyer-bitcoin-price-5000-cryptocurrency/.  It seems some Big whales is  up for Bitcoin investment.


I would go for $1000,  it is still a conservative guess since we all know how crazy Bitcoin market is.  Once FOMO kicks in there is no stopping on the uptrend until it  hits the ceiling.

[tomahawk9]

And its true today's sudden pump is due to FOMO.

I think the 'real' FOMO wave would've kicked in once people woke up and saw the big spike in the price (seems like the sudden increase happened around midnight in USA time, early morning in Europe) and we would've seen another big pump after the first thanks to fomo buyers and we probably would've reached 5k or even a bit more.

I run bitcoin-qt and it slowed down. Fees have also increased. This dont happened the other times.

Fees have been on the rise over the past few days for no apparent reason. I made a transaction yesterday and the optimal fee was around 60 sat/B. A week ago, fees were around 16 sat/B

[pooya87]

and now we are back above $5000 with a solid slower rise after the correction occurred. i believe it has been a bigger FOMO than i expected and now people are slowly coming back to the market buying bitcoin with the money they have been holding and waiting for the opportunity or signal of rising.
to be honest at this point i am expecting $6k range before the week ends.

[michellee]

and now we are back above $5000 with a solid slower rise after the correction occurred. i believe it has been a bigger FOMO than i expected and now people are slowly coming back to the market buying bitcoin with the money they have been holding and waiting for the opportunity or signal of rising.
to be honest at this point i am expecting $6k range before the week ends.

If the situations can be like this, I am sure we can reach those number, but now, the price is back to $4800-$4900 and stay at that level. But there is a chance for the price to increase higher again as the line still goes up. The rise of bitcoin trigger the other coin to increase and some old coins has to adjust their price, and so do the new coins, and we can hope that it is the time for the bull to shows up to us.

[Oasisman]

and now we are back above $5000 with a solid slower rise after the correction occurred. i believe it has been a bigger FOMO than i expected and now people are slowly coming back to the market buying bitcoin with the money they have been holding and waiting for the opportunity or signal of rising.
to be honest at this point i am expecting $6k range before the week ends.

If the situations can be like this, I am sure we can reach those number, but now, the price is back to $4800-$4900 and stay at that level. But there is a chance for the price to increase higher again as the line still goes up. The rise of bitcoin trigger the other coin to increase and some old coins has to adjust their price, and so do the new coins, and we can hope that it is the time for the bull to shows up to us.

While I am writing this, Bitcoin is sits exactly at $4,923.31. After it reached  $5k yesterday, the price slowly crawled back to that figure a while ago.
So, do you guys consider this as a bull run or are you still looking for more signs of bull run? Or is this still an effect of FOMOing?

P.s anyway I voted for $1000 fomo.

[talkbitcoin]

i expect a more slow rise from now on compared to big jumps and lots of FOMO buys and it sounds more logical to me too because we are getting out of a big and long bear market that has left the market damaged and the investors confidence in ruins specially with the latest drop which was unrealistic and scared people off.
also last time we were in the same situation, the rise had a spike and then it was mostly slower rises instead of spike-y rises.

[tokeweed]

And its true today's sudden pump is due to FOMO.

I think the 'real' FOMO wave would've kicked in once people woke up and saw the big spike in the price (seems like the sudden increase happened around midnight in USA time, early morning in Europe) and we would've seen another big pump after the first thanks to fomo buyers and we probably would've reached 5k or even a bit more.

It's still a break out from its 3k - 4k USD range tho.  Let's see how it pans out.  It could be the start of a huge trend back to...  I won't even say it (maybe ath.  Lmao).

Anyway, it could be the right time to max out the cc to buy crypto again.  Lololol. 

[fudster]

And its true today's sudden pump is due to FOMO.

I think the 'real' FOMO wave would've kicked in once people woke up and saw the big spike in the price (seems like the sudden increase happened around midnight in USA time, early morning in Europe) and we would've seen another big pump after the first thanks to fomo buyers and we probably would've reached 5k or even a bit more.

It's still a break out from its 3k - 4k USD range tho.  Let's see how it pans out.  It could be the start of a huge trend back to...  I won't even say it (maybe ath.  Lmao).

Anyway, it could be the right time to max out the cc to buy crypto again.  Lololol. 

The sudden rise definitely sends signals to come back and invest ones again. Its another opportunity, just don't get your ass hanging when the bubble popped. This is however the earliest possible come back of the bulls, the last time it took them years but this time they just let a year and then back so soon?

[o_e_l_e_o]

It's still a break out from its 3k - 4k USD range tho.  Let's see how it pans out.  It could be the start of a huge trend back to...  I won't even say it (maybe ath.  Lmao).

I was half hoping for another 3 year long bear market, to give me maximum amount of time to accumulate. A little upward movement towards $6k is fine, but I don't want another all time high for at least another year. I'd also much prefer a slow and steady climb up towards $20k again, rather than the ridiculous gains we saw in the last few days and during the bull run at the end of 2017. Those kind of price movements are neither organic nor sustainable.

[ausbit]

I wonder who the buyer (or buyers) was.  I mean it looks like a guy or one group cos all that +20% rise happened in one go for a tad under two hours.  

If you can find out who that is, I think you could at least figure out what's up and have some idea how far this really goes.

What? 20 billion dollars would be too much for just one person to pump into the market mate,  even though I myself and many other including some analyst still cannot determine the main factor that contributed to this growth, which I believe will be visible to us soon.

So, I really doubt if it is as a result of just one big investor and if it is, I do hope it’s a genuine investor and not just a whale coming to raise our hope with the intention of dumping on us soon, but I want to strongly believe we got lots of investors for today that are also very rich to do so. Whatever it is, it’s a favorable condition to all of us that are BTC holdlers.

[Theb]

none of the above (a slow rise)

I think this option in the poll should be ruled out as a 20%+ price increase in just two days doesn't show that Bitcoin is a "slow" mover. We all know that this price breakout is not the "slow rise" that we have been expecting for awhile now, this might just be the FOMO doing the price increase of Bitcoin now. If we really want to see Bitcoin not to repeat the 16 months of bear market we shouldn't be happy about this price break out now, so a correction at around 5,200$ to 5,500$ might just fix this price pump.

[1Referee]

Anyway, it could be the right time to max out the cc to buy crypto again.  Lololol. 

I wish this wouldn't happen (i.e. people investing with borrowed money) but it's certainly reality with how the price has gone up. Retailers are very sentiment driven, therefore buy because the price goes up, and sell or not buy because the price is going down. I was like that too in the very beginning. I bought the pumps and sold the dumps.

The funny thing about retailers is when they start wondering why the price is going down when they buy and up when they sell. It doesn't come up in their mind to do the exact opposite after so many similar mistakes.

[Rub3n]

If the hype will start again just like last year then the FOMO would be to great, and create even more FOMO. I'm in for a FOMO train that escalates to a new all time high. Got the popcorn all stocked up for this summer.

[StarofBTC]

It is very glaring here that the rapid increase in the price of Bitcoin was not an unusual one, FOMO must have really played out here and I am sure it will still play out again, many people aside those trading are actually doing more of holding now, especially those who started buying now as a result of FOMO, another one will be created which is expected to shoot bitcoin high to $7000 in a couple of weeks.

I don’t expect to see any form of panic sell for now because we have a lots of investors who are quite wiser now than the previous years.

[Kemarit]

~ snip ~

What? 20 billion dollars would be too much for just one person to pump into the market mate,  even though I myself and many other including some analyst still cannot determine the main factor that contributed to this growth, which I believe will be visible to us soon.

So, I really doubt if it is as a result of just one big investor and if it is, I do hope it’s a genuine investor and not just a whale coming to raise our hope with the intention of dumping on us soon, but I want to strongly believe we got lots of investors for today that are also very rich to do so. Whatever it is, it’s a favorable condition to all of us that are BTC holdlers.

He didn't say $20 billion, the report says it's more of like $100 million to push the price above $1000 in short amount of time. It could be one people or several entities behind, but it was a well orchestrated play on their part.

If the hype will start again just like last year then the FOMO would be to great, and create even more FOMO. I'm in for a FOMO train that escalates to a new all time high. Got the popcorn all stocked up for this summer.

We have some organic growth, not artificial and irrational buyers coming in just to get into the next hype train. We have seen that those who FOMO got burned easily and they are the first to bitch around the community saying they have lost so much money in the market. It has settled around $5000 now. So I guess FOMO had stop a bit.

[o_e_l_e_o]

It has settled around $5000 now. So I guess FOMO had stop a bit.

For now. If you look at the last time we went from $5k to $6k, or fell from $6k back to $5k, there has never really been much resistance at these levels. I suspect with the next upward movement, there will again be a lot of FOMO and we will rapidly jump up towards $6k. Not saying we won't correct downwards before that thought.

[Supercrypt]

and now we are back above $5000 with a solid slower rise after the correction occurred. i believe it has been a bigger FOMO than i expected and now people are slowly coming back to the market buying bitcoin with the money they have been holding and waiting for the opportunity or signal of rising.
to be honest at this point i am expecting $6k range before the week ends.

Many of them have beensilent about investing because they were still looking for the best spot to come in and hoping that the price will crash further for them to take advantage of buying it at low, forgetting the fact that we have real time players in the market who can make big changes when they move their funds into the market at any given time, we can see now that majority of them are not rushing to buy out of FOMO, but thank it is still a good time for them to quickly pick up any quantity they can pick so they don’t miss out from the next price you made reference to.

[Yaunfitda]

and now we are back above $5000 with a solid slower rise after the correction occurred. i believe it has been a bigger FOMO than i expected and now people are slowly coming back to the market buying bitcoin with the money they have been holding and waiting for the opportunity or signal of rising.
to be honest at this point i am expecting $6k range before the week ends.

Right, I'm under the impression that investors never really left and go to other form of investments. They are just waiting from the outside and wanted to come back if the market conditions improved.

And at the start of this month, the price shoots up, and then the FOMO started to come back because the price is still cheap at of the moment and everyone is scalping come back before the price goes into the $6k. So let's see how it pans out, I'm also expecting $6k at the end of the week, but $5.5 is not bad.

[Idrisu]

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...

Fomo exist in every market and we most accept this fat in other not to taking unaware about the happening in the cryptocurrencies market.  The whales are creating alot of FOMO in other to take advantage of those that did not know what influence the movements of a coins especially bitcoin.