Bitcoin, Speculations and FOMO

[Bim abk]

FOMO definitely leads to faster growth. This is human psychology. People want fast money right now rather than waiting for investment returns for a long time. I think that's why we're seeing such big pumps and the subsequent sharp decline in digital asset prices.

yes FOMO can indeed make price movements surge but the price can go back down again. it's good we control emotions when investing or trading. because if emotions are out of control, we can get caught up and follow the FOMO and the worst thing that happens is loss.

[k@suy]

FOMO definitely leads to faster growth. This is human psychology. People want fast money right now rather than waiting for investment returns for a long time. I think that's why we're seeing such big pumps and the subsequent sharp decline in digital asset prices.

yes FOMO can indeed make price movements surge but the price can go back down again. it's good we control emotions when investing or trading. because if emotions are out of control, we can get caught up and follow the FOMO and the worst thing that happens is loss.

A little fuel can start a fire, like a little news can affect the bitcoin price maybe for good, the price will go to ATH again after years or maybe bitcoin price will be more dump like 2018 or lower than it was. News indeed has a big role in everything, so a lot of good news are in need so that we can say that by next year bitcoin price will go up again like what is has been before.

[ampu]

A group of people has planned to promote bitcoin to 20,000 USD. I have seen cryptocurrency exchange hacks before and cannot successfully investigate. Next they started advertising bitcoin news and they began to gradually increase the value of bitcoin. Next they pump the altcoin price to earn more bitcoins and let those altcoins slip. The next step is to create an ICO and own tokens from bulk ICO projects. After they accumulated enough money, they pushed the bitcoin price to the highest level and sold them all according to the plan they had planned in advance.
After the hacks, the money in the market became scarce and they were easier to publish news and manipulate.

[Lauren Smith]

Everyone could freak out and expect there to be a massive drop and begin selling and thus the ball rolls just like it did when it was at 18k Eventually people calm down a bit and the ball stops rolling. I don't think it will go too low though.

FOMO definitely leads to faster growth. This is human psychology. People want fast money right now rather than waiting for investment returns for a long time. I think that's why we're seeing such big pumps and the subsequent sharp decline in digital asset prices.

When you have fomo because of greed you need to be very careful. That's when things go wrong. People want to "cut their loss" or just buy as the price goes up from greed.

[NeironixNV]

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 is one big speculation. But with a good prospect, at least one more crypto-hype, where new peaks in the range of 50,000 - 100,000 will be achieved.

[Wintersoldier]

FOMO definitely leads to faster growth. This is human psychology. People want fast money right now rather than waiting for investment returns for a long time. I think that's why we're seeing such big pumps and the subsequent sharp decline in digital asset prices.

I do not really consider FOMO for me to approach the market in such a way that there is a news for me to have something to rely on. I base my investment on the money that I have, depending on the market analysis that I think would possibly be true rather than believing in FOMO which is quite not formal for me to trust. If you want a good ROI that is quick and with assurance, then FOMO will not be the best to consider but also add a bit of a research and market analysis of the graphs or behavior of a particular cryptocurrency.

[gabmen]

FOMO definitely leads to faster growth. This is human psychology. People want fast money right now rather than waiting for investment returns for a long time. I think that's why we're seeing such big pumps and the subsequent sharp decline in digital asset prices.

I do not really consider FOMO for me to approach the market in such a way that there is a news for me to have something to rely on. I base my investment on the money that I have, depending on the market analysis that I think would possibly be true rather than believing in FOMO which is quite not formal for me to trust. If you want a good ROI that is quick and with assurance, then FOMO will not be the best to consider but also add a bit of a research and market analysis of the graphs or behavior of a particular cryptocurrency.

Right. People who usually jumps on the fomo train are those that aren't doing much research about where they'll put their money so they rely on the current trend. These are the people who also are more prone to losing a lot whether in the short or long run. Greed usually is the downfall for anyone who fear missing out a pump. The best thing to do is to keep yourself aware and study where you'll put your money on. That should be pretty basic so you won't lose a lot with fomos and fuds.

[aomakun]

Everyone could freak out and expect there to be a massive drop and begin selling and thus the ball rolls just like it did when it was at 18k Eventually people calm down a bit and the ball stops rolling. I don't think it will go too low though.

FOMO definitely leads to faster growth. This is human psychology. People want fast money right now rather than waiting for investment returns for a long time. I think that's why we're seeing such big pumps and the subsequent sharp decline in digital asset prices.

When you have fomo because of greed you need to be very careful. That's when things go wrong. People want to "cut their loss" or just buy as the price goes up from greed.

FOMO does happen a lot in people who are easily provoked in their emotions, those who are calm sometimes get caught up in FOMO. it can happen because of greed or carried away by FOMO, you need to check before starting investment or trading, if not then FOMO can happen to you

[chaoscoinz]

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?

It was one hell of a Bullrun back in 2017, the initial peak high was around $20,000 per Bitcoin and it took altcoins all the way to the moon with it. It was almost too good to be true.
    Then came the death spiral that lead to a massive panic all around as fear and uncertainty loomed. The bubble popped and the price deflated rapidly.

[crisanto01]

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?

It was one hell of a Bullrun back in 2017, the initial peak high was around $20,000 per Bitcoin and it took altcoins all the way to the moon with it. It was almost too good to be true.
    Then came the death spiral that lead to a massive panic all around as fear and uncertainty loomed. The bubble popped and the price deflated rapidly.

Everyone was hopeful that time, everyone was happy as they can see that their future was bright and that their wishes can come true, very few did cash out and took the profit, most of the people got hype and thinking it will still go to $50k so instead of cashing out, they added their investment and at the year 2018 everyone was disappointed and lost a lot.

[fullhdpixel]

FOMO can push the price up sometimes . There are lots of people here that don't buy Bitcoin and they keep on asking questions on when to buy and they keep on delaying, once they see that the price is going and there is a bull run, that's when you will see them rushing to buy Bitcoin and there are many such people and when they start rushing in it pushes the price up as the demand increases for Bitcoin.

But, I cannot really tell the reason why the price is up, the only thing I can say is that for sure we all know that whenever the price of Bitcoin goes up is usually all about demand and supply.

[MrCrank]

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?

It was one hell of a Bullrun back in 2017, the initial peak high was around $20,000 per Bitcoin and it took altcoins all the way to the moon with it. It was almost too good to be true.
    Then came the death spiral that lead to a massive panic all around as fear and uncertainty loomed. The bubble popped and the price deflated rapidly.

Everyone was hopeful that time, everyone was happy as they can see that their future was bright and that their wishes can come true, very few did cash out and took the profit, most of the people got hype and thinking it will still go to $50k so instead of cashing out, they added their investment and at the year 2018 everyone was disappointed and lost a lot.

This year, there was a good price of $14,000, and those who were very nervous got the opportunity to sell what they bought in 2017, but I'm sure most of them stayed on.
I managed to get into the 4K - 5K range, so I'm not very worried

[hahay]

FOMO can push the price up sometimes . There are lots of people here that don't buy Bitcoin and they keep on asking questions on when to buy and they keep on delaying, once they see that the price is going and there is a bull run, that's when you will see them rushing to buy Bitcoin and there are many such people and when they start rushing in it pushes the price up as the demand increases for Bitcoin.

But, I cannot really tell the reason why the price is up, the only thing I can say is that for sure we all know that whenever the price of Bitcoin goes up is usually all about demand and supply.

That is the FOMO that in the end they will only push prices for a while because then dumping will happen soon, because delaying longer to buy is also not a good idea because prices can move quickly. Indeed, it never hurts us to wait for lower prices to buy, but when you do not have a reference to the lowest limit to buy then in the end it will have a bad impact even though sometimes it becomes an unexpected profit.

[diahsw]

I think there is nothing wrong in this scenario, it's just that it's just a matter of person, which makes the price of bitcoin unstable, they think about themselves, and make others cry .. !!

[dnprock]

I think Bitcoin's price is manipulated by Bitcoin whales: investors, funds, miners. It does not take much money to manipulate the market. If you have a fund with a few hundred million dollars, you can move price. Politicians and governments can also easily manipulate Bitcoin's price. Think of the Chinese President's comment and how many influencers run after it to pump price.

Small and individual investors who fall for speculation and FOMO, they'll lose money. You can't outwit the guys with deep pockets. The way to win for small investors is to hold long-term. If you don't hold long-term, your money will flow into the whales' pockets.

[carlzec]

Will a FOMO occur again? I think about it negatively. What if Bitcoin goes back to $ 14,000? I think there's a lot of sales. $ 20,000 won't be easy this time. People have been very worn out in the last 2 years. Big sales can now come from small uptrend.