I SMELL FOMO

[el kaka22]

These are not the proper answers honestly, you gave people just three options whereas there is a whole lot more to understand from this increase. First of all we need to observe the increases a bit more to understand what it could be, it could be bull or not but its going to depend on what it will do from now on. If it keeps going up than it means yeah this is a bull, if it goes back down than yeah a dead cat bounce, it all depends on what comes next.

However, if you ask me there should be a "this is a small bull run" option as well, its not a normal bull run where it goes x10 or something but its also not a dead cat bounce neither (that is only few percent usually), so this is neither a full on bull but nothing ordinary neither that is why I like to call it a "small bull" or even "calf" if you will.

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[Mahanton]

These are not the proper answers honestly, you gave people just three options whereas there is a whole lot more to understand from this increase. First of all we need to observe the increases a bit more to understand what it could be, it could be bull or not but its going to depend on what it will do from now on. If it keeps going up than it means yeah this is a bull, if it goes back down than yeah a dead cat bounce, it all depends on what comes next.

However, if you ask me there should be a "this is a small bull run" option as well, its not a normal bull run where it goes x10 or something but its also not a dead cat bounce neither (that is only few percent usually), so this is neither a full on bull but nothing ordinary neither that is why I like to call it a "small bull" or even "calf" if you will.

I would say that OP doesnt have an idea on whats a Dead cat bounce. This should be fitted or be said when we are heading down to sub 4k price on previous months but not this time.We arent seeing
this price movement behavior thats why its really misleading.We cant really say that this is a bull run but it already showing up some upward movement which we can presume that it is but detecting if its just
an another bull trap is hard.

[beerlover]

Because Btc and alts will just go up in the future.

just because bitcoin is going up and has a solid future it doesn't mean altcoins do too.
you can check out the altcoin graveyard to understand what i mean. most of the altcoins that exist today are already on a death spiral and many of them that got pumped in 2017 are already dead specially the ICO tokens. and the rest are following them into the grave while being replaced by newer shitcoins.

I seriously believe what you have just said, it clear to me kind of that most 2017 altcoins aside the ones at the Top list on coinmarket, seems to be dead to me already as they are not even showing any sign of bull trend even with this short BULL that saw some few altcoins increase in price.

The only reliable coin now is Bitcoin and probably we can consider some of the TP 10 coin in the market, for those old coins to witness any increase again, the developers if still existing will seriously need to work add to revive those coins, so for now, except many people are buying altcoins for short term trade, will advise they invest more on BTC.

[South Park]

Because Btc and alts will just go up in the future.

just because bitcoin is going up and has a solid future it doesn't mean altcoins do too.
you can check out the altcoin graveyard to understand what i mean. most of the altcoins that exist today are already on a death spiral and many of them that got pumped in 2017 are already dead specially the ICO tokens. and the rest are following them into the grave while being replaced by newer shitcoins.

This seems very obvious to me and yet it seems a great number of members of the community do not understand it, when the next bull market appears it is obvious that coins like bitcoin, ethereum and litecoin will go up in value but most of the coins that exist in the market today are going to disappear before that happens and if for some reason some of those coins survive they are not going to go up in value because they will be replaced by a new generation of useless coins that are only used to speculate in the market.

[Gabteb]

I hope you have enough experience not to be wrong about this as all we want that to see so much waited bull market, it was difficult to hold and hope finally our patience will be rewarded by the bull and give us some good profit lets wait and see ,i want to see only green market after this and no red  at all.

[STT]

when the next bull market appears it is obvious that coins like bitcoin, ethereum and litecoin will go up in value but most of the coins that exist in the market today are going to disappear before that happens

Anything too obvious I doubt because the market is built to predict the obvious and its never that easy to be ahead of the markets prediction thats already in the price.    Standard phrase to speculation is buy the rumour but sell the news, so news service is important part of Financial trades and so crypto I think people must keep track of bullish possible events.

I dont think anything is too obvious with crypto.  Any tradable asset with fear in it and people avoiding it from capital investment due to possible loss will run be profitable to hold, so long as those holders are correct in the positive growth scenario outcome occurring

[Idrisu]

I hope you have enough experience not to be wrong about this as all we want that to see so much waited bull market, it was difficult to hold and hope finally our patience will be rewarded by the bull and give us some good profit lets wait and see ,i want to see only green market after this and no red  at all.

It is not possible for us to continue see green market because the market move in faces and because of that sometimes corrections and bearish trend is an opportunity to buy at the lower price.  I think we are going to have more of the green than red this days.

[talkbitcoin]

What's your opinion on this?? Bitcoin seems too be accumulating value since Tuesday morning... the bull is here.. ?? Or it's bait??

To me the bull is here and it is not FUD or FOMO.  We can see steady grow in bitcoin and others cryptocurrencies market price since the middle of last month and it is still growing.  Bitcoin may cross $6000 this week and it means if you have bitcoin you should keep holding it. 

If the price does not move on a natural way that can be associated because of the FOMO.
Well, hopefully you are correct that BTC would reach $6,000 anytime soon as that was the price where I thought BTC already dip.

although not reaching $6000 right away is no indication of FOMO or anything like that but i have to say we are already seeing a lot of positive signs in the market that is a pointing towards the recovery that we were waiting for ever since price went below $6k a couple of months ago. and from there we can be sure of the beginning of the next bull run to reach $100k+ in 1-2 years.

It's all very confusing especially if you haven't been long in the market yet. There have been movements like this not long ago when people are already screaming bull run after a good rise in value, only to get themselves disappointed with a correction that brought them back to where they started. Fomo can easily turn to panic with a single fud and a steep correction.

well you shouldn't compare this time with all those times.
those previous cases you are mentioning here where people shouted bull run was when price went up a small amount like 5% and didn't even break any kind of resistance.
but this time the rise was big and we have broken multiple major resistances. from $3100 bottom to $5500 is already a 77% rise. if that is not a bull run i don't know what else is!

[freedomgo]

I hope you have enough experience not to be wrong about this as all we want that to see so much waited bull market, it was difficult to hold and hope finally our patience will be rewarded by the bull and give us some good profit lets wait and see ,i want to see only green market after this and no red  at all.

It is not possible for us to continue see green market because the market move in faces and because of that sometimes corrections and bearish trend is an opportunity to buy at the lower price.  I think we are going to have more of the green than red this days.

This time it again gives us the opportunity to buy with it's short dump.
It has not continued and we are still stable at $5,000, there is no FOMO yet, we are going to that but it's not happening yet.
I like to see this kind of situation, a little dump and will be followed by the big pump.

[coinplus]

I believe the best course of action for something like this would be to wait and see. We have seen the price increase like hell in the previous week and now we see it not go up (and even go down a bit, a lot on alts actually) so its time to wait what the next move is. If you see it go up again and go up a lot than you can be certain that its the bull we were looking for and we are going up a lot, if its not that and it goes south back to 4 thousand dollar levels than we can assume this was not the bull we waited for.

Nonetheless, always keep it in your mind that not all increases and decreases are bulls and bears, sometimes the market just moves up and down and not all of them have to be called bull or bear, its just ups and downs and that happens in financial world all the time.

[The Cryptovator]

What's your opinion on this?? Bitcoin seems too be accumulating value since Tuesday morning... the bull is here.. ?? Or it's bait??

I think so it was accumulate as well. That's why today we have seen pull back almost $500. Although its recovering slowly. That's why I am not supporting sudden pump. Slow growth always best for bitcoin. There is low chances for huge dump if growth is healthy. Seems bitcoin trying to stay above $5K and this point is signal of next bull if incase not dropped much more. I believe it's very important to break $6K zone for next bull run in my opinions. Let's hope and wait till break $6K.

[FIFA worldcup]

Because Btc and alts will just go up in the future.

just because bitcoin is going up and has a solid future it doesn't mean altcoins do too.
you can check out the altcoin graveyard to understand what i mean. most of the altcoins that exist today are already on a death spiral and many of them that got pumped in 2017 are already dead specially the ICO tokens. and the rest are following them into the grave while being replaced by newer shitcoins.

This seems very obvious to me and yet it seems a great number of members of the community do not understand it, when the next bull market appears it is obvious that coins like bitcoin, ethereum and litecoin will go up in value but most of the coins that exist in the market today are going to disappear before that happens and if for some reason some of those coins survive they are not going to go up in value because they will be replaced by a new generation of useless coins that are only used to speculate in the market.

Well, in the long run only the coins which have strong projects at the back end will survive and the P&D coins will cease to exist. As the market become more mature and  less volatile, people will leave the shitcoins and hold only the good coins which have some use cases in the real world scenario.

[pinoycash]

I believe the best course of action for something like this would be to wait and see. We have seen the price increase like hell in the previous week and now we see it not go up (and even go down a bit, a lot on alts actually) so its time to wait what the next move is. If you see it go up again and go up a lot than you can be certain that its the bull we were looking for and we are going up a lot, if its not that and it goes south back to 4 thousand dollar levels than we can assume this was not the bull we waited for.

Nonetheless, always keep it in your mind that not all increases and decreases are bulls and bears, sometimes the market just moves up and down and not all of them have to be called bull or bear, its just ups and downs and that happens in financial world all the time.

Waiting and see when the BTC price is pumping and going in for a steady run is not the best strategy.. Buying small amount of BTC that is best suited for your budget or setting aside a bitcoin savings every pay day is the best way to avoid FOMO' in.

[ShowOff]

I believe the best course of action for something like this would be to wait and see. We have seen the price increase like hell in the previous week and now we see it not go up (and even go down a bit, a lot on alts actually) so its time to wait what the next move is. If you see it go up again and go up a lot than you can be certain that its the bull we were looking for and we are going up a lot, if its not that and it goes south back to 4 thousand dollar levels than we can assume this was not the bull we waited for.

Nonetheless, always keep it in your mind that not all increases and decreases are bulls and bears, sometimes the market just moves up and down and not all of them have to be called bull or bear, its just ups and downs and that happens in financial world all the time.

Waiting and see when the BTC price is pumping and going in for a steady run is not the best strategy.. Buying small amount of BTC that is best suited for your budget or setting aside a bitcoin savings every pay day is the best way to avoid FOMO' in.

Like what you said, only see bitcoin get pumped will make our mental get down and FOMO will easily come to us. If we buy even only a little, we not miss chance to get high price of bitcoin and then sell it.

[OrangeSeller]

FOMO has been instrumental in making great things happen before the big bull of all time in cryptocurrency. There are people around who invested due to fear of missing out because people had been making big money in cryptocurrency and it was worth investing back then.

Right now, FOMO for me was about a month ago in cryptocurrency when Bitcoin was very down and the opportunity was worth availing.

[Hypnosis00]

FOMO has been instrumental in making great things happen before the big bull of all time in cryptocurrency. There are people around who invested due to fear of missing out because people had been making big money in cryptocurrency and it was worth investing back then.

Right now, FOMO for me was about a month ago in cryptocurrency when Bitcoin was very down and the opportunity was worth availing.

FOMO might be just in the corner waiting for the right time and so to have any victims. It is usual thing to happen in this form of investment cause not all of us have that strong perceptions towards crypto and some of us in here thinking of easy money.
I'm afraid I could be caught with FOMO before but lucky I'm out into that, listening to some advice maybe greatful.

[pinoycash]

FOMO has been instrumental in making great things happen before the big bull of all time in cryptocurrency. There are people around who invested due to fear of missing out because people had been making big money in cryptocurrency and it was worth investing back then.

Right now, FOMO for me was about a month ago in cryptocurrency when Bitcoin was very down and the opportunity was worth availing.

FOMO will again fuel the growth of bitcoins and other alt coins. As of now there's not much FOMO going on, when BTC reach 7K or 8K many will start jumping in the money train.

[BrewMaster]

FOMO will again fuel the growth of bitcoins and other alt coins. As of now there's not much FOMO going on, when BTC reach 7K or 8K many will start jumping in the money train.

FOMO has different degrees, like pretty much everything else! it doesn't have to be a 1 million percentage rise to be considered a FOMO
for example what we had when price surged upwards to $5500 recently was a good example of a moderate size FOMO where people who were waiting for a bigger drop gave it up and jumped on board of the ongoing rise because they didn't want to miss out and end up paying ~70% more than the bottom.

[Jating]

FOMO will again fuel the growth of bitcoins and other alt coins. As of now there's not much FOMO going on, when BTC reach 7K or 8K many will start jumping in the money train.

FOMO has different degrees, like pretty much everything else! it doesn't have to be a 1 million percentage rise to be considered a FOMO
for example what we had when price surged upwards to $5500 recently was a good example of a moderate size FOMO where people who were waiting for a bigger drop gave it up and jumped on board of the ongoing rise because they didn't want to miss out and end up paying ~70% more than the bottom.

I agree, as a bull run is already has different degree's as well. Others say that this bull run can be considered as "mildly".

But we can still consider this some FOMO I believed, it doesn't need to be the price jumping to $7k-$8k. Everyone is waiting for a rally and that is why we already have some FOMO inside the market in the last two weeks or so.

[ChrisPop]

I didn't see the reaction I want from the supposed "bottom" at around $3000 level and I don't smell that bull air. I'd risk it here and say that the bottom is not in yet for Bitcoin. However I don't trade my opinion, I trade technical analysis like my mentor would say. Remember, this is NOT financial advice. This is just my 2 cents.