Bitcoin, Speculations and FOMO

[CryptoBry]

The exciting and wild big bull run in 2017 was attributed by many to the heavy speculations and when bitcoin waned the market panic which partly resulted into the bitcoin winter that affected us in 2018. Now, in 2019, bitcoin started to show its bullish side and this time around it is attributed to FOMO (fear of missing out).

When bitcoin can go beyond the $10,000 psychological barrier, what do you think they will attach it to?  I guess the honor will go to aliens (just kidding). Seriously speaking, what can be wrong with these scenarios?

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[omone1]

Well for bitcoin to have driven crazily to $20K, FOMO won't have been able to push it there, otherwise it would have stopped along the line. Some friends think it was as a result as of some earning platforms that were paying passive interest in 2017. Still he couldn't have been as many of such platforms failed in 2017. Well may we have some secret whales backing this community. 

[dothebeats]

Probably be the same thing: FOMO and speculation as there seems to be no other driving force for bitcoin to go beyond crazy levels. Manipulation is one factor but given that there are a lot exchanges and different platforms out there, manipulators can only do so much, perhaps inspire/trigger a FOMO effect and let the magic happen from that point forward.

Honestly I won't be mad if this time they attribute it to aliens but oh well..

[kingpin4321]

Bitcoin reaching $10000 is not so far away I  am envisioning a more greater target but my worry is bitcoin raise unlike previous times is not carrying along with it other altcoin and the initial coin offering aspect is doing poorly

[rodel caling]

The exciting and wild big bull run in 2017 was attributed by many to the heavy speculations and when bitcoin waned the market panic which partly resulted into the bitcoin winter that affected us in 2018. Now, in 2019, bitcoin started to show its bullish side and this time around it is attributed to FOMO (fear of missing out).

When bitcoin can go beyond the $10,000 psychological barrier, what do you think they will attach it to?  I guess the honor will go to aliens (just kidding). Seriously speaking, what can be wrong with these scenarios?

Bitcoin bull run in 2017 not because of speculation will include the demands and the most causes trigger for the bullish is the august sigwet correction.
My opinion if bitcoin today rach 10,000$' increase possible to bring it into another bull run but depends on the volality moments because we know bitcoiner is unpredictable.

[kamBlanV]

today.  BTC is difficult to reach $ 10000.  speculation the price of BTC now is very low. 
I agree with you.  that FOMO is one of the factors that affect the slow graph of BTC.  we need volume, spread and high volatility. 
but I predict that by the end of this year BTC will reach $ 10000.  and that is the safe point.

[cocoadreamboy]

Bitcoin bull run in 2017 not because of speculation will include the demands and the most causes trigger for the bullish is the august sigwet correction.
My opinion if bitcoin today rach 10,000$' increase possible to bring it into another bull run but depends on the volality moments because we know bitcoiner is unpredictable.

That speculation ignores all the fundamental realities of how bitcoin works:

https://www.amsinger.org/sample-analysis

Bitcoin is very predictable if you understand its cash flow and assets. I publish the combination of these in the fundamental price floor measurement on my site.

Aaron

[Genemind]

One of the factor that affected the bull-market is FOMO, most people jumped in to bitcoin when the priced really spiked during the bull-market.
I guess once the market starts peaking again, same thing will happen and it will continue until the price stops rising, then another market correction will happen again.
The cycle never stops and history will only repeat itself.

[cocoadreamboy]

One of the factor that affected the bull-market is FOMO, most people jumped in to bitcoin when the priced really spiked during the bull-market.
I guess once the market starts peaking again, same thing will happen and it will continue until the price stops rising, then another market correction will happen again.
The cycle never stops and history will only repeat itself.

That is why it is good to make money off of it

[Bessta]

I think bitcoin going to $10,000 this year is not impossible. But I think this year is a bit different since it is weird that some of the altcoins are not improving that much unlike bitcoin. It is like bitcoin alone is the only one moving up. Bitcoin can bring us to bull but it would still depend on the volatility.

[Astvile]

One of the factor that affected the bull-market is FOMO, most people jumped in to bitcoin when the priced really spiked during the bull-market.
I guess once the market starts peaking again, same thing will happen and it will continue until the price stops rising, then another market correction will happen again.
The cycle never stops and history will only repeat itself.

That is why it is good to make money off of it

Indeed,we already knows whats gonna happen when we see bitcoin mooning,we will surely see people hopping into bitcoin creating huge demand and then surely gonna pump then its so easy to make money.

[pooya87]

people always come up with weird reasons for both bitcoin rises and falls mostly because they can't explain the rise and falls so they stick to superstitions. in this cases it was FOMO, it was panic and all that but they  weren't the only reasons and not even the biggest ones.

for example in 2017 the biggest reason for the rise were the adoption! in case you have forgotten we had a couple of countries mass adopt bitcoin as a currency (aka a legal way of payment) by their government and at least one of them removed taxes on bitcoin payments. we also had the scaling wars that had lasted more than 3 years come to an end. in fact i am sometimes surprised why it didn't go up more than $20k!

[xvids]

Well the $10K price per Bitcoin is just around the corner.
We are really near from it I think we just need a little push or something to start up a strong up trend again.
And if it does it would only be a matter of time before it reach $9K then go straight to $10K.

[Ailmand]

One wrong mistake that is resulting in their disappointment is expecting too much. Most of them are expecting too much from the market. We all know that the market is volatile and once it strikes high, there's a possibility that it could drop down anytime. $10K would be a good price but as we could see, there are always corrections that is occurring.

[Johnzky]

Bitcoin reaching $10000 is not so far away I  am envisioning a more greater target

We did break the $9,000 value but drops speedily to below $8,000 now,so the 10k value is not so far from reality in which we can foresee with the end of 2nd quarter

but my worry is bitcoin raise unlike previous times is not carrying along with it other altcoin

In the first wave of pumping yeah altcoin had been leaves behind but now the movements are doin*close thing that good for investors

and the initial coin offering aspect is doing poorly

So what?who cares about the ICO?are you?lol that scamming must be stopped because this is the age reason why many investors are leaving crypto since the become a victims

[samcrypto]

When bitcoin can go beyond the $10,000 psychological barrier, what do you think they will attach it to?  I guess the honor will go to aliens (just kidding). Seriously speaking, what can be wrong with these scenarios?

People might sold early and take profit, for the fear that the market will dump again so the wrong here is that, they are panic selling as the price started to go below $10k again. Its not a big deal because for me its just a small correction again, and that's always happening for a new pump. Bitcoin speculation will still be high, and the honor will goes to the supporters and hodlers of bitcoin its an honor and good to be part of that.

[jakelyson]

If ever it reaches 10K and above again, it will be because of fundamentals and adoption and a lot of FOMO and price manipulation. It will be the same cycle until bitcoin grows large enough that whales will not be able to manipulate it. It will be years more before it happens.

[Distinctin]

today.  BTC is difficult to reach $ 10000.  speculation the price of BTC now is very low. 

It's difficult if you think of it achieving in just a very short period of time, but if we give time like within this year, I think it's gonna be easy.

I agree with you.  that FOMO is one of the factors that affect the slow graph of BTC.  we need volume, spread and high volatility. 
but I predict that by the end of this year BTC will reach $ 10000.  and that is the safe point.

When $10,000 will be achieve, I have a big expectation to happen in the market, most probably altcoins will get their usual dominance rate back again.
They have been down because of bitcoin's dominance, people are more focus on bitcoin and that resulted to a non stable growth of altcoins, things will change eventually as people will again trust altcoins in the market.

[BrewMaster]

i think there is a good possibility that the biggest challenge that we are goint to soo for a while is the one that we have already faced and it was the breaking of $4000 barrier which was the strongest one since it was also marking the market reversal out of a big dip and a long bear market. in comparison the $10k one may not be as big or hard to break. the next one that may start being a real challenge is going to be the previous ATH at $20k.

[waynechong1995]

Speculation varies, and people wouldn't stop make predictions and analysis on where market is going to be, you can arguably say the market is dead when its a winter season, and somehow some triggers make bounce and its dead cat bounce. FOMO happens when people doesnt do research and want to make a quick buck over days. Versus those that have faith in the tech and make adjustment on trends, or simply embrace bitcoin as a way of doing transactions. Its really a 50/50 for those that make their decisions.