why bitcoin price is growing and typical traders fomo

[boyptc]

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.

I'm imagining that I can hear and read these words in the future whenever bitcoin hits $100k.

That's the real FOMO will start and people and lurkers will take bitcoin seriously by that time. They've got all of the years to monitor and watch it yet they've never took any action of buying.

And by that time that happens, they're not with us or they're too late.

[ibuddy122505]

A few days ago it was at 16k now it's at 19k again. Some traders FOMO and somw won't. BTC its a pump/dump market, you unable to know what's happen next and that's why you should have bought. Yes it’s bullish if you HOLD it long term.

[ethereumhunter]

A few days ago it was at 16k now it's at 19k again. Some traders FOMO and somw won't. BTC its a pump/dump market, you unable to know what's happen next and that's why you should have bought. Yes it’s bullish if you HOLD it long term.

Better to hold for the long term if he doubts that the price will increase and break $20k in this short term. If he can hold for a long term and not react to the market, he can stay calm down without having panic to see price is up and down. The price itself still not going somewhere, and it stays at the current price. But we can hope that the price can break $19k in the next week, and hopefully, this correction will not go down for more. If the price start increase in the next week, he can be ready to sell his bitcoin at the price he wants.

[XCANA]

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.

When dealing with trading, decision making is the most paramount in my honest opinion because without the right decisions be put into consideration the entire decision of the trader will be at risk. Have been with this industry and things that has happened to mostly are from my decisions. Yes, i do run at loss during my trade either in longtime or short-term, even mid-term but sometime i do gain also, this three are results from my personal decisions, so, your decisions matters alot during trade.

[jaberwock]

Obviously there will be traders who will get in late, but it is better to be late than never and that is something forgotten in this trade. I would like to remind everyone that, unless people buy at 20k that means we can't go up over it, which means we need people to buy at 20k so that we could be at 21k and we need people to buy at 21k so that we could go to 22k as well and continues like this.

There is no situation in the crypto world where people buy low and sell high, that is not the case anywhere in any market. People need to buy low to increase the price and needs to buy at middle to keep increase and buy high so we keep increasing the price as well. Which is why I congratulate people who bought at 10k and 15k but I also admire people who bought at 20k as well.

[Shasha80]

Too careful and afraid of losing money, making us lose the moment to buy coins at low prices. Because we continue to delay buying
coins at low prices, in the end the price is too high and we become FOMO. And without realizing it, we bought coins at peak prices,
this is a problem we often face in the crypto world. Therefore it is very important to learn from mistakes, so as not to repeat the same
mistakes.

[xSkylarx]

When bitcoin is at low price we are afraid to buy because we think it's going to dump more but when its price goes up we don't know where to buy at the proper price. FOMO is difficult to control, what I do is when I already bought it at somewhere at a high price I avoid looking at my price tracker app. And I think people that are most affected by this feeling is those who can only buy using their extra money. They won't afford to buy again if price goes down more.

[mnporter2001]

When bitcoin is at low price we are afraid to buy because we think it's going to dump more but when its price goes up we don't know where to buy at the proper price. FOMO is difficult to control, what I do is when I already bought it at somewhere at a high price I avoid looking at my price tracker app. And I think people that are most affected by this feeling is those who can only buy using their extra money. They won't afford to buy again if price goes down more.

Actually, this is the problem of new investors. A lot of people have gone empty-handed and lost big due to psychological factors when trading. So to trade successfully, we should spend a lot of time on understanding how the market works, crowd psychology and some tips to recognize whale manipulation.
I've had a pretty good year realizing whale manipulation in March of this year. Before the Bitcoin Halving event, the whales intentionally sold it off so everyone was scared and sold it for no reason. I was calm then and bought a lot of ETH at the prices of 98 $ and 116 $.
In order to stay calm as I am now, I experienced many failures and read a lot of literature on how the crypto market works. This is one of the very important knowledge that any holders should understand. So I recommend reading more about the Dow theory to get a cooler head and prepare for the strong bull run coming.

[jostorres]

The reason why bitcoin increases is because those typical traders fomo. If the price goes up, that means there are some people who think they are not too late to take a profit and that is why I think price continues to increase.

This is why we should be gentle with them, do not make them think that they are making a mistake, by all means they may not be making any mistake neither so we should be in support of them because if they think they are doing the right thing (which they might be) they will continue to do so and they will suggest others to follow them which will increase the price while it is still high. However if we mock people who buy high, that means they could be less motivated and they could get out and that is something we should not be in support of.

[nelson4lov]

I wouldn't put too much blame on the folks who just heard about Bitcoin and decided to have a couple of satoshis to get started. Most of the time it's because the people that put them through on crypto kept out the part about the price being too high and not recommending a buy then but instead, they skipped the part that the price  does not only go uo but that it also dumps too. Btw, if anybody bought bitcoin at the high, they can DCA and keep their accounts active without being liquidation or lose the value of their investment (in terms of sports spot trading).

[Iyeman]

A few days ago it was at 16k now it's at 19k again. Some traders FOMO and somw won't. BTC its a pump/dump market, you unable to know what's happen next and that's why you should have bought. Yes it’s bullish if you HOLD it long term.

The FOMO came from the big institutions who have been accumulating more and more bitcoin. The big institution has been buying more than 50k bitcoin.
This creates a big FOMO around the bitcoin traders and that makes the price of bitcoin is quite impossible to go down again. More and more big players come to the crypto right now.
Long term is the best decision to be taken right now.

[JooBra]

A few days ago it was at 16k now it's at 19k again. Some traders FOMO and somw won't. BTC its a pump/dump market, you unable to know what's happen next and that's why you should have bought. Yes it’s bullish if you HOLD it long term.

The FOMO came from the big institutions who have been accumulating more and more bitcoin. The big institution has been buying more than 50k bitcoin.
This creates a big FOMO around the bitcoin traders and that makes the price of bitcoin is quite impossible to go down again. More and more big players come to the crypto right now.
Long term is the best decision to be taken right now.

The 20k point on BTC is a big sell limit, I mean there is a lot of sell orders around 20k so cause of that we can't pass that mark yet. But when it passes it will grow fast for some time. That is mine opinion.