you know what they say about panic sells? "fomoulation"

[BrewMaster]

we've probably seen this pattern repeated hundreds of time in the past, and yet it happens again. people see some drops then suddenly the internet is filled with a lot of FUD and eventually a lot of weak hand traders dump in a mass panic scenario.
i'm not interested in that part since it can not be predicted.
what i'm interested in is what comes next, it may come after the bottom was reached or it may come after a lot of attempts to create lower bottoms but it will come. people will start a huge panic buy spree and shoot the price up creating a huge volatility.
we've seen it with $4k, $6k, $10k, ... over the past year and we are going to see it again with $40k this time.

i want to start a new FOMO-speculation here.
when do you think the FOMO will begin and how big will it be?

i think if nothing unexpected happens we can see it in mid February and the size is going to be at to least $55k in less than 3 days.

[CODE200]

Well, it is surely easy to say so. Some people will convince other investors to sell already giving speculations that the price will fall in a sudden and it will be a correction just like before, way back 2017 (based from what I am reading about other's take on the present ATH). But they are also aiming to enter once the market price becomes 'deep'. Quite of a reverse psychology in the world of investments. Even if we are really not having assurance of what will happen next there will always be people who are pessimist and people who are optimistic. Everything is double-sided. Then there's those people who are just waiting without saying anything(which in the first place won't really affect the market), to save time and energy.

[LUCKMCFLY]

I think that Strong Hands seek to make or generate bad news for weak hands to sell despair, in several books that I have read, which of course are from the Stock Market, such as Wyckoff and Livermore, they affirm that this type of strategy is all Life has been applied to "take" bitcoins from others generating bad news, that is why when I hear "bad news" about Bitcoin, it is time to buy. That is the way I interpret it.

[Yaunfitda]

I still remember when we hit $10k, and speculators says that we are going to hit FOMO after that, and yes it sure did as the march continue to hit until $12-$15k until the growth started to slow down again.

In this case, it could double though, I think $40k will be the next FOMO level and when we touch that again, we might see another set of cash flowing to the market again and yeah, could be in the range of $50k-$60k "fomoulation".

[hugeblack]

As I remember, the first quarter of 2017 was affected by the news of the China ban and a lot of controversy that followed.
I still think we need some corrections at 29000 to 26000 before we break the 41000 bar again.

The end of this year may lead us to $ 60,000 at best, so 55,000 will not happen until the middle of this year.

People are FUD because the rise was so fast, from 20,000 to 30,000, so the decrease could mean that we will go back to 20,000 again.

[coin-investor]

i want to start a new FOMO-speculation here.
when do you think the FOMO will begin and how big will it be?

I think if nothing unexpected happens we can see it in mid-February and the size is going to be at to least $55k in less than 3 days.

I believe it's going to start 2nd quarter of this year onwards till the end of the year, the first quarter of the year is a preparation for the big hype and FOMO that is coming, I believe Bitcoin is ready for the 6 digits, Bitcoin will achieve a lot this year everything looks good in the market and ready to explode I don't see any big crash even some people are spreading FUDS.

[BrewMaster]

how quickly the tables turn!
it is not yet 24 hours from the time i created this topic and we saw the first FOMO in the market in the past hour with a big green candle bar indicating the shoot up of about $6000. literary millions of dollars were dumped by panic buyers trying to buy back bitcoin.



lets see if this is continued with a strong momentum taking the price over $40k or slows down here.
i say if $39k is broken we can expect $45k in less than 30 minutes.
all very interesting nonetheless.

[STT]

Sold off from that peak, quite strange for it to reverse not sure why completely but it could settle and rise from here.   2 day and weekly average here so closing above there for the day is quite bullish.   Really fast trade I rate 12hr to watch this in asia trading and see if momentum returns.

[el kaka22]

We could learn a lot from wallstreetbets. They bought GME which is gamespot, which is a stock based on the company that is selling physical copies of games and so forth in an age where epic is giving away free games on their digital store and steam has been around for over a decade now, so we all know gamespot is not even good, and they still managed to get together and buy incredible amounts of GME in order to make it go up, they made incredible amount of profits from it, big investors and wall street and media all attacked them even their own app robinhood closed their buying options, and in the end they are still together talking about how they should hold and buy more. That type of thing worked on a horrible business, think how awesome and big it could get with bitcoin and other alts. The reason why we couldn't have something like this is the fact that we aren't working together like them.

[yhiaali3]

Well, I can tell you about myself, I benefited a lot from the wave of panic that occurred, I bought a good amount of bitcoin at low prices and waited for the rise, I am sure that there are hidden hands behind everything that happens. A lot of false news has been circulated in the past period and it has led to panic selling. Of course, there are those who have been waiting for the opportunity to buy at low prices, in any case I expect that FOMO will start again in less than a month and after that I expect the price of Bitcoin to exceed  50,000$.

[aysg76]

i want to start a new FOMO-speculation here.
when do you think the FOMO will begin and how big will it be?

i think if nothing unexpected happens we can see it in mid February and the size is going to be at to least $55k in less than 3 days.

Every time when there is a correction the majority of people who are having profit sell and then there are people who are in the loss but then also sell as they are scared of losing more.
As yesterday Liquidity shifted from Dodge to Bitcoin and resulted in an increase in its price by approx 15%. People bought at that time because of FOMO.

But personally, I feel like now its the beginning of mini accumulation phase. The rise in price will be in somewhat around April, at that moment I guess FOMO will hit.

[pooya87]

Sold off from that peak, quite strange for it to reverse not sure why completely but it could settle and rise from here.   2 day and weekly average here so closing above there for the day is quite bullish.   Really fast trade I rate 12hr to watch this in asia trading and see if momentum returns.

There is a good chance that this was a short squeeze, in order to force those who have been shorting bitcoin to lose a ton of money in only a couple of hours and learn their lesson not to go against the bullish trend. The accumulation is still ongoing which could be the reason why the momentum is still not forming up pushing the price over the $40k threshold.

[michellee]

Well, I can tell you about myself, I benefited a lot from the wave of panic that occurred, I bought a good amount of bitcoin at low prices and waited for the rise, I am sure that there are hidden hands behind everything that happens. A lot of false news has been circulated in the past period and it has led to panic selling. Of course, there are those who have been waiting for the opportunity to buy at low prices, in any case I expect that FOMO will start again in less than a month and after that I expect the price of Bitcoin to exceed  50,000$.

That is what we must do to use the situations that happen in the market and make a profit. We do not need to panic when the bad news comes and the price is a dump because that will be the best moment for us to buy bitcoin at low prices and then wait for the rise. I am sure that if we can do that repeatedly, we will make a big profit. FOMO will start again, and if we can not use that moment, we will miss the chance to make a profit back.

The price now seems good to buy, but there is no guarantee to us if the price will bounce up after this because we are at the weekend. And usually, the weekend will be the time for bitcoin price to go down. But we should analyze more details to find if it is a good time to buy bitcoin or not.

[BrewMaster]

As yesterday Liquidity shifted from Dodge to Bitcoin and resulted in an increase in its price by approx 15%. People bought at that time because of FOMO.

it is more like 20% and it wasn't liquidity from Doge, Dogecoin was also being pumped during the time bitcoin price suddenly jumped up $6000 in an hour.

And usually, the weekend will be the time for bitcoin price to go down.

there is no rule saying price goes down on weekends. that's the same as people who say price goes down at Christmas while we saw it actually went up a lot.

[exstasie]

Sold off from that peak, quite strange for it to reverse not sure why completely but it could settle and rise from here.

Not that strange. "Too far, too fast."

The $34-35K zone has been a very important S/R area. There was lots of latent supply waiting to sell at/above that resistance, it just wasn't necessarily on the order book. After that short squeeze occurred, that latent supply started hitting exchanges and order books, forcing price back down.

[magneto]

we've probably seen this pattern repeated hundreds of time in the past, and yet it happens again. people see some drops then suddenly the internet is filled with a lot of FUD and eventually a lot of weak hand traders dump in a mass panic scenario.
i'm not interested in that part since it can not be predicted.
what i'm interested in is what comes next, it may come after the bottom was reached or it may come after a lot of attempts to create lower bottoms but it will come. people will start a huge panic buy spree and shoot the price up creating a huge volatility.
we've seen it with $4k, $6k, $10k, ... over the past year and we are going to see it again with $40k this time.

i want to start a new FOMO-speculation here.
when do you think the FOMO will begin and how big will it be?

i think if nothing unexpected happens we can see it in mid February and the size is going to be at to least $55k in less than 3 days.

I think that it has already begun.

The $30k support region has proven itself time and time again, which is a very positive sign that reflects the strengthened fundamentals of BTC with a greater influx of institutional investors who are less prone to panic-selling.

I don't necessarily think that we'll see rallies the size of 2017 (percentage wise) simply because of how much more liquidity is required to move the market with such a high market cap. So whilst I think FOMO is already present and will continue to expand, we may not see a great deal of excess volatility in BTC price - which can be a good thing.

[haroldtee]

I wouldn't be surprised if the FOMO this time around will drive us to 100k. Hehe! It is actually funny how in reality, you tell people to buy the dips, and they say the market is crashing and then, due to FOMO, they buy the tops anyway. People think we already had the FOMO, but I feel we are yet to see that yet. This is just Bitcoin creating a higher high in an uptrend both in the short and long term. I remember how we thought 10k will be the peak in 2017... Fingers crossed. In the long run, some of us feed on the panic.

[Saisher]

i want to start a new FOMO-speculation here.
when do you think the FOMO will begin and how big will it be?

i think if nothing unexpected happens we can see it in mid February and the size is going to be at to least $55k in less than 3 days.

Congratulations for hatching a new word, it is well suited for what we want to achieve right now FOMO is what we want to achieve right now, now the price is moving fast let us encourage everyone here to buy and support the price so it will not go down and fomoulation is the right word for this.

[justdimin]

Sold off from that peak, quite strange for it to reverse not sure why completely but it could settle and rise from here.   2 day and weekly average here so closing above there for the day is quite bullish.   Really fast trade I rate 12hr to watch this in asia trading and see if momentum returns.

There is a good chance that this was a short squeeze, in order to force those who have been shorting bitcoin to lose a ton of money in only a couple of hours and learn their lesson not to go against the bullish trend. The accumulation is still ongoing which could be the reason why the momentum is still not forming up pushing the price over the $40k threshold.

I really love this new hatred towards shorters, I have always had that hatred ever since it came to crypto as well, I have to say that I was ignorant about shorts before it was in bitcoin world, didn't know that they were this big in the stock market world but I didn't cared because I never invested into any stock before, but the moment they came to crypto world I hated them.

They were making money from the misery of everyone losing money, their profit came from our losses which means that they were trying very hard to make bitcoin price go down, they paid the media, they had goons writing online everywhere, they were basically kings of FUD and that is how they got rich, now that there is a hatred towards short squeeze and people figured out that if you just buy and hold you could make ten times more money than the regular period just thanks to shorters losing extra amount of money.

[BrewMaster]

I wouldn't be surprised if the FOMO this time around will drive us to 100k.

similar to panic sell, FOMO is "panic buy" and it can not increase the price that much to $100k just like panic sell can not bring the price down to something like $1k.
this FOMO will bring the price to $45k then the it acts as the starter and fuels the subsequent adoption and price rises which will then take the price to $100k.