Are we entering the FOMO and speculative stage...?

[CryptoBry]

Bitcoin just breached the $8K level and many are wondering if it is not yet too late to get into the game and produce some profits. There are already many predictions that it can just take some days for Bitcoin to get into the $10K level if the same trend will persist. People are now starting to reminisce the coin performance in 2017 where it almost get into $20K.

Now, I am wondering...are we now experiencing the FOMO stage where people are riding the bull so they won't miss the opportunity for profit? Are we now in strong speculative stage? Or has the market already matured and we are seeing cautious moves?

Hands down, Bitcoin is getting to be interesting as the bear is kicked out and the bull is ushered in...

[Ailmand]

Well, as time goes by there are new people who entets the crypto shpere. So, I guess the FOMO mentality will never get old. As soon as the market price increases in a significant way, people sell out their alts and join the bitcoin train. Of course, everyone wants to grab as much money as they can.

[pakhitheboss]

After what happened post 2017 all time high. I think most people are pretty much cautious with there move. But of course there are those who have just entered the market once again and do not want to miss this bull run.

Speculation and prediction are part of Crypto market. Even if the market is down or up people will always do it as it helps in building a hope.

[xvids]

I think this could be the case but maybe we just attract new investors and their money is the reason why the price keeps on getting higher.
We don't really know if it is cause by FOMO or just a huge number of new investor decided to enter the market and that is the reason why the price is going insane.

[antisocial77]

This market based on fomo i guess.for me this is not fomo, big brothers decided to wake bitcoin up.real fomo will start after 10k.because the strongest resistance is 10k

[Leonardo7]

I don't think it's a case of FOMO, FOMO can't push the total marketcap as high as we currently have. Although we have seen many great news as regards the big institutions entering bitcoin from bakkt features to Microsoft decentralized identity Atop bitcoin. There must certainly be something some of us are not privy to as regards the current market sudden spike. The community members that have any fraction of bitcoin may want to jealously guide it.

[Haunebu]

I don't think it's a case of FOMO, FOMO can't push the total marketcap as high as we currently have. Although we have seen many great news as regards the big institutions entering bitcoin from bakkt features to Microsoft decentralized identity Atop bitcoin. There must certainly be something some of us are not privy to as regards the current market sudden spike. The community members that have any fraction of bitcoin may want to jealously guide it.

Some of the news that you mentioned is legit while the rest are basically rumors floating around(Ebay accepting crypto soon etc). Don't believe everything you read on the Internet.

I think we would enter the FOMO stage after Bitcoin breaches the $10K mark which could take a couple of months if you ask me.

[Red-Apple]

if bitcoin price breaks above $10k before this month (May) ends then you can call it a FOMO, but so far  with price reaching $8k with a couple of very good corrections this does not look like a FOMO to me at least not the type of big FOMO that we usually see in bitcoin.

lets not forget all the big positive news that has been coming out  lately like Microsoft adopting bitcoin even more, eBay saying they are going to accept bitcoin payments and a lot more...

[davis196]

We already entered the FOMO stage a few days ago.Your question is too late.
I believe that the FOMO stage won't last long and more people(hodlers and whales) will start mass selling into order to cashout the profits before it's too late.Nevertheless,I'm not selling anything,until the price reaches a new ATH.

[Mr.Ease]

Bull Market 

Idk man, all this seems a tad bit sketchy to me.
About a month ago everyone was crying at 3.5k and now we're well beyond the 100% value jump.

Bitcoin pumps, all the other alt hold ground $wise. This doesn't seem like an all out FOMO stage yet.
Besides fidelity... there really isn't much else going on. Miners are going to be profitable again so we should see increased selling pressure.
Halving is over a year away.

I'm going to throw out my prediction: Might hit 10k, but ultimately I would believe $5k BTC is in the future. I see a rock dropping soon.

[buwaytress]

My main contention for all these months have been volume, because the lack of that is the one huge ingredient that for me means we can't spell out FOMO yet. By definition, the hordes of people FOMOing should result in massive orders on both ends of the book.

However, it appears that this one lacking super ingredient may just be coming in hot, if I'm to believe more recent news of record trade volumes for 2019. Curious to note though that mempool's been clearing up as price is upping.

[finzyoj]

FOMO? Not yet for me because if we are now on that stage then we can see big spikes due to whales entering. Anyway, the market for me seems stable because it only creates a horizontal-like zigzag pattern. Meaning, there are people who invest, some sold and take small profits on fluctuations and buy again. In my opinion, I like this more kind of trend compare to a roller coaster ride because it offers less pressure for us. You can sleep well at night without worrying that price might drop hard all of a sudden .

Anyway, if you were an investor who still hesitate whether to invest or not, do it now because you might miss the rocket. I can feel that it will launch soon (I really hope so). I'm not creating hype or whatsoever, I'm just giving my honest advice since I think that another falldown on btc's price is not yet in sight.

[Herbert2020]

if you want to see real FOMO then look at 2017 charts specifically the last month of 2017 when price went from $9k to $20k in only one month. what we have these days is a simple rally with small doses of FOMO which may not even be called a "fear" since this is mostly investors coming back to the market after a very long bear market.
when the drops lasted more than a year, a big build up of people shaped up who have been waiting for this moment to come in. that is not FOMO. a FOMO is when people go out of their way to enter not do what they have been waiting to do.

[Kemarit]

My main contention for all these months have been volume, because the lack of that is the one huge ingredient that for me means we can't spell out FOMO yet. By definition, the hordes of people FOMOing should result in massive orders on both ends of the book.

However, it appears that this one lacking super ingredient may just be coming in hot, if I'm to believe more recent news of record trade volumes for 2019. Curious to note though that mempool's been clearing up as price is upping.

I'm glad that I'm not the one looking at volumes as sort of an indication of a FOMO. But damn, I was surprised to see the trading volumes in 24 hours, sure thing, it looks like FOMO to me. Where did all the money come from if not for people who doesn't want to miss the boat? Many will join, the price haven't touch 5 digits, so there's still a lot of chance to get on-board. Probably trading platform using Segwit and batching their transactions or traders themselves are into Segwit that's why the mempool is not that choke as compare to the 2017 FOMO.

[Beerwizzard]

I think that FOMO is rather a private issue than something global. You won't find so many retards who still want to make x100 on BTC that their money would be able to move a multi-billion market cap market.
The other point is that in some moment we have to expect the correction. And the more and faster the market is growing the harder this correction would be. Back in 2017 when the price came to $20k the growth was incredibly fast and as we remember correction was also pretty hard.

[Vaskiy]

Whenever there is some form of growth people fear of missing the chance as it is not promised for a bigger growth or it can fall low. When the price rally keeps going this will be very common among the small scale investors. The cryptocurrency network will be speculative throughout unlike the market trend. As the price keeps growing there will be more speculations than the days of low price which too contributes with the price rallying.

[okala]

Speculation have been one of the attributes of the bitcoin community and at that every event in the market either is bull run or bear market speculators will always speculate about the market and it activities,  the current bitcoin market is exhibiting all the attributes you outline but the most evident among them all is the bull characteristic of the market at the moment. I believe the bear market is over and we are in for another period of bull run.

[Indamuck]

After what happened post 2017 all time high. I think most people are pretty much cautious with there move. But of course there are those who have just entered the market once again and do not want to miss this bull run.

Speculation and prediction are part of Crypto market. Even if the market is down or up people will always do it as it helps in building a hope.

There are many people that haven't even touched crypto and this next bubble will be a lot bigger than the last one.  Greed takes over and people fomo in at the top like always.  People have short memories and don't want t understand the pyschology of bubbles, its why they always play out very similarly.

[Ucy]

This is a possibility. We will likely see renewed efforts to crash the price and counter efforts to take it up further. Both efforts will likely fail except price is driven by real demand and supply.

[uneng]

This rise is happening too fast, so I don't think it's a mature market yet, we are clearly in a speculative scenario that creates some general excitement feeling in everyone, what makes me agree there is some fomo in the air, helping to rise btc price even more.