why bitcoin price is growing and typical traders fomo

[cryptoboss2020]

btc 10k ..... well it might fall i dont buy it.


btc 15k ......well it might fall i dont buy it.


btc price 18k....... well its not 20k it might fall down....i dont buy it yet...

btc price...  20k  well maybe i buy it....ahh ill buy it ....


then bang bang crash !    that what 2017 was it   people rather buy with higher price then lower price
was there any buyers of 4-7k ?  no not really most of the buyers joined with 13k price range

thats how btc will go to 100k....

btc price 30k.....ohhh its too high i dont buy it
btc price  40k   ohhh now it will fall for sure i dont buy it.
btc price  60k  welll i told you guys ...it will fall i dont buy it
btc  price   80k... well i think ill buy it

btc to 100k....omg ...lets all buy its so bullsih now:D and so much good news on the tv that bitcoin is 100 k now:D we are so bullish now all green lets sell our houses and buy some btc my broker told me the btc will go 300k.

then again price drops lol:D

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[Rruchi man]

A proper assessment of behavioural patterns shows that the environment we live in and the economic behaviour of the people around (in that environment) plays a huge role in our Economic behaviour. A very powerful influence on People's  buying decisions is still the other people around them, whom they trust. In an environment where everyone is talking about bitcoin and how it has risen over the years and the projected increment in the future, people in that environment consciously or subconsciously will gain interest.

[Beparanf]

A proper assessment of behavioural patterns shows that the environment we live in and the economic behaviour of the people around (in that environment) plays a huge role in our Economic behaviour. A very powerful influence on People's  buying decisions is still the other people around them, whom they trust. In an environment where everyone is talking about bitcoin and how it has risen over the years and the projected increment in the future, people in that environment consciously or subconsciously will gain interest.

This is true. People tends to follow what is the trend so that they will not left behind regardless what will the result. No one will buy to a token that no one has interest since that means that token is not worthy for investment. They always follow others suggestion especially if the guy say it is a well known crypto influencer. FOMO is always present when there's a lot of people surging in to enter any investment opportunity.

[drlukacs]

That is the expression of the new traders entering the financial market. Because professional traders or financial professionals who know the market are the most important at the moment of buying. No one will trade professionally but is important about its value, they always consider the news around to be able to evaluate the future of Bitcoin or some other securities.
In general, it is a special fomo component of any financial market, and also thanks to them that new traders make a lot of profits for themselves.

[cryptoboss2020]

That is the expression of the new traders entering the financial market. Because professional traders or financial professionals who know the market are the most important at the moment of buying. No one will trade professionally but is important about its value, they always consider the news around to be able to evaluate the future of Bitcoin or some other securities.
In general, it is a special fomo component of any financial market, and also thanks to them that new traders make a lot of profits for themselves.

I was same myself before the newbie.
You Can't do Nothing about it If you are new you just dont have Experience.

[drlukacs]

This is the crowd behavior that we often see them complaining about in trading community groups. All of them seem like a puppet and they often listen to the signals from the experts of trading and follow suit.
These are considered the most easily manipulated components in the crypto market, which is why KOLs of Cryptocurrency always post positive news on their personal pages and make crowds excited and buy Bitcoin. blindly.
Do not be like them, we need to have our own knowledge to analyze and evaluate then create our own trading plan. That's how we can get rich faster

[lixer]

I always target Bitcoin at its lowest point, at that time when a lot of people are afraid to buy it and the media is saying that it’s over, that’s when I am interested in buying.

I wasn’t even expecting the price to go down, wasn’t expecting a pandemic to take place, and I bought at the price of $8,000 before the coronavirus happened and the price fell and some people were saying it will drop to $1,500 which never happened; the price started going up again after dropping below $4k and I figured out I should buy it , even if it drops to $1,500 as they said I would continue holding it. Well the price eventually went up.

[Husires]

Fear and greed are two instincts that control many people. Fear of missing out on opportunity is what makes the poor poorer, and greed is what makes many people lose millions in a few minutes.

They are a human invader that can be strengthened with more learning and more time reading charts and price analysis, thus achieving more investment returns.

The current price may be a bubble and you have been waiting for many years for the price to explode and come back to such a level.

[jrrsparkles]

Weak hands never make enough profits compared to the potential level it doesn't mean everyone is losing their capital while trading or investing. When someone is losing money on trading means someone is making money on the other side so the job has to be done is to make right decision at the right time.

[palle11]

The fear of losing is what many have gone through. Many will keep delaying and not buy at cheap time but they get in late and crash meet them. I still don't blame anybody because you never know what prediction is right to buy. Brokers do predict for their clients but it also don't work. This is a big issue that investors see, off cause you want to make profit with your capital.

[passwordnow]

then bang bang crash !    that what 2017 was it   people rather buy with higher price then lower price
was there any buyers of 4-7k ?  no not really most of the buyers joined with 13k price range

There were people who still desire to buy at $3k. What would be they're feeling right now? they've got all the chance when it has hit that price but now, they're looking at the history and their bad decision made them regret themselves.

lets sell our houses and buy some btc my broker told me the btc will go 300k.

Only one family I knew did this and they've succeeded it before the 2017 bull run and have held even up to this bull run of 2020. Kudos to Didi's family.

[Johnyz]

Those are just a hype and we should always know that Bitcoin can’t always go up so there’s no rush in the market and you have to wait for the perfect timing before you invest. Bitcoin on the other hand continues to pump and this is a good side that we are one step closer to the main goal of adoption with bitcoin. The crash is very normal so don’t panic, and stop being FOMO this is not a race though.

[FanEagle]

Once again another horrible and very low quality post that should show everyone that we need a lot harsher moderating in order to stop these horrible spam to continue. However on the topic of traders, people who are titled traders trade on every point, at 10k, at 15k, at 20k doesn't matter where the price is, they are going to end up trading.

However people who invest do these type of mistakes, the "buy low, sell high" thing is not really that easy for some people I suppose, I have seen people who sold bitcoin at 6k because it went down and they were afraid, I was buying at that point and I was quite happy with the drop because I knew the profits I would make. However at the end of the day I realized that the best thing I could do for them would to show them my profits when I buy low instead of high, nothing else works.

[cryptoboss2020]

Once again another horrible and very low quality post that should show everyone that we need a lot harsher moderating in order to stop these horrible spam to continue. However on the topic of traders, people who are titled traders trade on every point, at 10k, at 15k, at 20k doesn't matter where the price is, they are going to end up trading.

However people who invest do these type of mistakes, the "buy low, sell high" thing is not really that easy for some people I suppose, I have seen people who sold bitcoin at 6k because it went down and they were afraid, I was buying at that point and I was quite happy with the drop because I knew the profits I would make. However at the end of the day I realized that the best thing I could do for them would to show them my profits when I buy low instead of high, nothing else works.

Are You some mister perfect?
Low quality post?  I think different!!

[Fesatmas]

This is the crowd behavior that we often see them complaining about in trading community groups. All of them seem like a puppet and they often listen to the signals from the experts of trading and follow suit.
These are considered the most easily manipulated components in the crypto market, which is why KOLs of Cryptocurrency always post positive news on their personal pages and make crowds excited and buy Bitcoin. blindly.
Do not be like them, we need to have our own knowledge to analyze and evaluate then create our own trading plan. That's how we can get rich faster

That's why Fomo is like a trap with prizes, it can benefit someone or vice versa. and according to Fomo from an influencer more effective than a market volume chart. I got confused

It doesn't stop there, someone who has a big influence on social media, with a huge following, can easily displace many people with one tweet.
he could joke, but to his followers it was a clue.

I don't like the Fomo pattern like that. better learn market trends yourself based on reliable sources.

[JooBra]

The fear of losing is what many have gone through. Many will keep delaying and not buy at cheap time but they get in late and crash meet them. I still don't blame anybody because you never know what prediction is right to buy. Brokers do predict for their clients but it also don't work. This is a big issue that investors see, off cause you want to make profit with your capital.

All you say is right but BTC(for me) is more an investment then a trading coin. Most people share my opinion that BTC is crypto gold and it will go up in long run. Now for daily to daily trading you need to look to a lot of stuff... From market moves to globally big news.

[el kaka22]

There is also the fact that there are crypto people who keep watching bitcoin and other coins prices constantly but there are also other people who do not check it constantly, there are millions of those people as well. There are people who would basically live their life without crypto in it, not care about it, not trade it, not have any, simply just people who used to bought some and sold once upon a time or heard about it and checked it out but decided not to enter.

Those people hear about price going above ATH price and they get interested again and they end up investing into crypto at a very high price because they only learned about the price increase and came very late, not like they were watching the increase all along. Do not forget those people who buy at high levels.

[Wexnident]

And I don't blame them. The major factor in the demand of the market of Bitcoin is price after all. Yes, Bitcoin is a currency with a lot of features that are quite attractive to most, but let's be real here, most of those who actually enter the community and use Bitcoin are those that actually look at Bitcoin as an investment, they look at its price. And basically, every time they see that the price keeps growing, the idea that the demand is growing would naturally grow since it isn't a lie that they could profit off of it if they entered the market early on.

I actually don't blame people back then for their mistakes, with how they bought high instead of buying low. It was all due to how the market reacted, and how they missed that.

[Akiko]

The fear of losing is what many have gone through. Many will keep delaying and not buy at cheap time but they get in late and crash meet them. I still don't blame anybody because you never know what prediction is right to buy. Brokers do predict for their clients but it also don't work. This is a big issue that investors see, off cause you want to make profit with your capital.

All you say is right but BTC(for me) is more an investment then a trading coin. Most people share my opinion that BTC is crypto gold and it will go up in long run. Now for daily to daily trading you need to look to a lot of stuff... From market moves to globally big news.

Not all daily traders will only base in news there are people check the resistance and support before buying and that's how they take advantage for trading. You will earn a lot daily if you know how to check market price and you have patterns to follow. you can easily stop lost if you found the market is going to decrease so even the red market can also give good return in daily traders.

Those people who lost a lot is those holders that thinking that the price will increase higher if they continue holding and unexpected things  happen like price correction, they get panicked and that's the reason they sell it lower and compare to the price buy it and it resulting them to lost money.

[michellee]

That is what happens in the past, and I guess that still happened to many traders. They think that they will wait for more and hope that the price will go down deeper. But the fact is the price can bounce up or even down in the next minute, so if we are late to decide, we will not have a chance to buy at a low price because the price will go up after it reaches the low price. But if you can analyze better, you will found that time will be the best time to buy the coin or bitcoin at a lower price, and you only need to hold it until the price increase back. Once the price is up and the situations become bullish, we will regret it, making us buy at the current price. But suddenly, the price goes down again without we expect it. We always need to analyze before we decide, so we can predict what will happen later, although that will not always guarantee to see our prediction will be right.