Brace yourselves, there is FOMO coming

[Juggy777]

as we entered 2020 and the first week is coming to an end, price has picked up and started heading towards $10k as it was expected before.
like all the previous times i again expect another FOMO to start due to this rise that would bring the price up in a sudden and big move. the only question remaining is about when it is going to start.

we saw a small version today as price jumped up from $7300 to $8300 but that is the small FOMO. i think we can see price easily jump up above $10k when it starts.

I'd say it started quite early because of the reports of the recent rise in the market because of the tensions between US and Iran. And seeing the tension between them only increase, added to that to the FOMO of halving (which imo, should've started by around mid February). the FOMO of this years halving should be quite big. I'm pretty happy with the first week movement of BTC Market, but it should still rise slowly than rise like this where it only took a day to increase by 5%. The result is, well, increase of 5% for two days, then decrease by 5% for a day, kinda defeats it tbh. Still, an increase is an increase.

@BrewMaster why do you believe that this was a FOMO rally?, because there’s no information available which suggests that this rally was because of FOMO. @panganib999 you’re partially correct because bitcoin prices shot up due to the rising tensions between US and Iran, and luckily there’s no war happening hence bitcoin prices are now settling down. In my opinion FOMO rally will begin once we’re close to Halving event, and I’m eagerly awaiting that rally as we shall see a huge surge in bitcoin prices.

https://www.newsbtc.com/2019/12/19/bitcoin-halving-catalyze-fomo-large-bull-run/

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[Lucius]

@BrewMaster why do you believe that this was a FOMO rally?, because there’s no information available which suggests that this rally was because of FOMO. @panganib999 you’re partially correct because bitcoin prices shot up due to the rising tensions between US and Iran, and luckily there’s no war happening hence bitcoin prices are now settling down. In my opinion FOMO rally will begin once we’re close to Halving event, and I’m eagerly awaiting that rally as we shall see a huge surge in bitcoin prices.

Your thinking just shows how easy it is to manipulate people, they just need to sell the news the right way. People always feel FOMO (Fear of missing out) when the price is going up, and that is exactly the case now. There are people who invest in the long run, but also those who want a quick profit and only invest when the price goes up. These are the same ones who were buying BTC back in 2017 when its price went to $20k. Should someone officially announce that FOMO is starting or ending?

Tensions between USA-Iran are far from over, the war still hangs in the air - but not the one most think of. The real effects of halving (if any) will only happen in 2021, everything else is just foreplay.

[el kaka22]

I am not entirely sure if it is FOMO or not, after all we have seen the price move from 7300 to first 7900 levels and it went south to 7500 levels once again before it reached to 8300 levels; which means there was a huge drop in between the increases as well, when there is a FOMO going on the price doesn't fall back down, it just goes up without stopping like a skyrocket and this wasn't that.

I feel like this was a calculated and expected increase of bitcoin, the price got stuck at around 7k for far too long and people were expecting a move from bitcoin for months now, it could have been going to 6k or going up to 9k and wouldn't matter because people just wanted some move instead of staying still and that move just happened, I doubt there will be anything else, we will stay around these prices for a while most likely.

[Fatunad]

Just like every time the price is having an upward trend people are starting to fomo. I think this has become a normal trend for everyone including the old investors sometimes or most of the time has been fomoing since day one of their investment journey in cryptocurrency. I may not been too old on this field but this is one thing I have noticed in crypto.

[fabiorem]

FOMO only after it breaks 10k. Until then, its just another sucker's rally.

[FairUser]

Fomo only happens if the price of bitcoin in 2020 surpasses the ATH in 2019, which means that the price of bitcoin must surpass $ 14,000 for us to see the most obvious Fomo. So far, only a few small pumps by the influence of political news in the world. In the next few months when the halving starts, I think we just got a big pump and a huge fomo

[BrewMaster]

There will be bouts of FOMO this year, but the real FOMO doesn't start until the price passes the ATH from the previous bull run. Real FOMO doesn't start for over a year.

it seems like our definition of FOMO is different from each other. i am always interested in seeing FOMO of any kind, calling it real or not is just the unimportant details.
for example during 2016 and 2017 (similar to 2019 and 2020) we had lots of FOMO. the one at the end was the biggest one and the least important one in my opinion because it was the bubble whereas the previous ones were more of natural rises accompanied with lots of adoption.

[sana54210]

Looking at the price movements in the past 8-9 days, looking at start of the year it started off with 7100 dollars first saw 7.5k at first, stayed there for a small while and moved as high as 7.9k after that, peaked at around 8.4k dollars and now down to 7.9k levels and all of that happened inside a week, we are talking about bitcoin here and we all know anything could happen but this is the volatility that scares people.

Think about all the people who bought at around 8.3k levels when they thought bitcoin was FOMO'ing and going up, that would be something terrifying if it happened to me because price went down right away after I bought inside a day. Maybe tomorrow it will go back up to 8.5k levels, maybe it will go down to 7k levels once again, we never know.

[sovie]

Dust is settled now and those who bought bitcoin due to FOMO in latest bull run ( due to iran/usa tension) are struck now. They are the one who will be looking at bitcoin price in coming days. FOMO is just a panic and one who can withstand this panic buying can save himself from huge losses.

[crwth]

It's going to be a wild ride this coming month. With the price returning to $7800~ It's a correction, and a lot more people would be expecting it to rise, so the FOMO is still there. Maybe a lot of people started hoarding more BTC with the recent events that surround the USA. I can't wait for it to return to the $10k mark.

[Gyfts]

The hardcore Bitcoin enthusiasts that're somewhat delusional keep claiming FOMO to give themselves a confirmation bias as if they need to convince themselves that gambling on the markets is okay instead of long term holding. I wouldn't be surprised if some of those that got burned in the 2017 would try and promote Bitcoin for a short term bump in order to recoup investments either considering how hard people were shilling for the whole "WW3" nonsense hoping for a full scale war just for short term BTC profits. The bump can these last couple days can be attributed to the slight USD devaluation by China but I don't see it having a long term effect. We're back down from the bump so we'll see how it plays out.

[stompix]

Rather than the FOMO kicking in, I think it was the BOPNM....lol, or the "boredom of price not moving"

Everyone was expecting something to happen in December, another bull run like in 2013, 2017, or finally, the effects of the so much anticipated halving to show in the market orders. I've seen this around the forum and around other social media, everyone was expecting the price to go up a bit if not too late October levels.
And suddenly there was a reason, although pretty stupid in my opinion and the way it faded away in a matter of days is clearly an indicator was just a speculative move, there was not even enough time to start sending a wire to buy coins before it started going down.

FOMO, no! A small bump and now it is over.

We had 4 bigger upward movements this year and when it comes to volume this one is barely noticeable.

I think everyone is actually waiting for $10k to be reached again, just like it used to be the case with $1000 in the past.

Yeah, I have the same feeling, everyone knows the price must go to 10k but...we're still on standby 

[bitcoindusts]

as we entered 2020 and the first week is coming to an end, price has picked up and started heading towards $10k as it was expected before.
like all the previous times i again expect another FOMO to start due to this rise that would bring the price up in a sudden and big move. the only question remaining is about when it is going to start.

we saw a small version today as price jumped up from $7300 to $8300 but that is the small FOMO. i think we can see price easily jump up above $10k when it starts.

I really love to see this FOMO kicks in.  But sadly price retraced to sub $8k after the tension on the middle east cools down.  So, I guess this is just an ordinary price recovery.  It is due when its due, and we are expecting Bitcoin to recover $9k after this retrace and I hope to see it soon then towards 5 digit Bitcoin price before halving.

[romero121]

FOMO is common with the cryptocurrency market. People predict comparing with the previous year figures. Every time we won't be getting the the same results. When the prediction is for a bull trend and the market acts in the opposite direction automatically there arise FOMO among the people who have been holding the assets for a long term for profiting. When such scenario happen it is always good to hold than falling for the FOMO.

[freedomgo]

When such scenario happen it is always good to hold than falling for the FOMO.

When there is a FOMO it could potentially result to a bull run and there is no sense of holding further if we are already seeing a profit.
Being greedy is bad, at least we learn from our past mistakes in 2017 where everything was pumping but we choose to hold and aim for more, that's greediness.

[Republikcoin.com]

since the increase, it looks like prices have started to decline again. who knows what affected this sudden decline and increase. it's just that, earlier this year it was like a signal to buy bitcoin in large quantities. it is indeed only a matter of time, so, buying bitcoin or collecting it now is highly prioritized. I believe that prices can get to $ 10k before May.

[3la9l_kolbaCa]

since the increase, it looks like prices have started to decline again. who knows what affected this sudden decline and increase. it's just that, earlier this year it was like a signal to buy bitcoin in large quantities. it is indeed only a matter of time, so, buying bitcoin or collecting it now is highly prioritized. I believe that prices can get to $ 10k before May.

Just an enough timeline for $10k, it's a reversed idea from other speculators because mostly thought it could happen as early as January or February. Hard times happened unexpectedly, we shouldn't expect bitcoin to be easy as that. In fairness with lots of holders, the market still behaves so silent, even if there's a slight pumps experienced this week it doesn't mean we will be confident. Anytime the market might crash down, and if there's a fomo coming I would rather expect 50/50 chances.

[Lucius]

Everyone was expecting something to happen in December, another bull run like in 2013, 2017, or finally, the effects of the so much anticipated halving to show in the market orders. I've seen this around the forum and around other social media, everyone was expecting the price to go up a bit if not too late October levels.

When I think for a moment how most people in the forum think completely wrong, it is not at all strange to me that those who are limited by information make completely wrong conclusions. Expectations that the end of 2019 will in any way be similar to 2013 or 2017 clearly shows that people do not understand halving at all. That big pump everyone dreams of can only happen after the halving that is in May 2020, at least that was the case in the past.

I can't get rid of the impression that at least 80% those who are in any way involved in the world of Bitcoin do not understand the basics of the basics. While others buy and accumulate, they are waiting for some new prophecy from John McAfee - and guess what's new, he broke one more promise - this time the BTC is not in question

[BitcoinHunt3r]

For now, see a lot of people really believe bitcoin will pumped i think will make bitcoin really pumped. Although there are some others who said that we should prepare if halving don't bring positive thing to bitcoin but for me, bigger possibility $10000 or maybe $15000 can be reached.

[BrewMaster]

Rather than the FOMO kicking in, I think it was the BOPNM....lol, or the "boredom of price not moving"

Everyone was expecting something to happen in December, another bull run like in 2013, 2017, or finally, the effects of the so much anticipated halving to show in the market orders. I've seen this around the forum and around other social media, everyone was expecting the price to go up a bit if not too late October levels.

FOMO, no! A small bump and now it is over.

FOMO, yes but a small FOMO. and it usually starts like this. you are correct that there is a boredom of nothing happening but that also means there are a lot of people with money waiting to buy in and 90% of them will only start panic buying when the price passes a certain higher level so that they can be sure there is no more drops!

in any case, i am both disappointed and excited about the current trend. despite all the FUD that has been trying to crash the market price is still staying around $8k (currently $8050) and seems like having a tendency to continue going up.