fomoulation: the age of green dildos is upon us

[BrewMaster]

it is starting with the first green dildo appearing today surprising many users and showed a small sign of FOMOs starting again as price suddenly jumped up to reach 39k in less than an hour.

this could be the beginning of seeing more green dildos indicating lots more FOMO to come.

[Tytanowy Janusz]

Today we had 2k$ ... 1 min candle XD That was insane. Insane performance.

My bet is that we are going to attack 45-55k zone after what market will show us true direction. Either we are continuing bull run or it is only a bull trap (If that's the beginning of bear market ... we did not have bull trap yet)

[jackg]

We did get up here really quickly but the price does seem to be sustained quite well for the short term (we've been above 38k for over 7 hours now and I'd expect we'll get to around 41k with this move - unless we're rejected a bit).

We've been red for 3 months now so even a green monthly close would probably drive some sort of trend change - especially if it gets more dramatic and can push higher.

Today we had 2k$ ... 1 min candle XD That was insane.

There has been speculation it was a short squeeze, and most of the recent trading activity took place between 34-36k over the past month. A bunch of 10x shorts around there starting at 34k and you've got a recipe for a very big squeeze.

Hopefully no one got a lesson on what bad risk management can do...

[Clairvoyance]

this could be the beginning of seeing more green dildos indicating lots more FOMO to come.

What a spike! 14 hour difference from $33k to $39k. There is a strong support around $38k holding pretty solid for 6 hours. If this run stretches for 3-8 day we might see $40-50k again (Hopeful).

[BitMaxz]

My bad I sold all my BTC in USDT a few days ago I thought that it's the end of the bull run but it seems it's the end of the bear market.

Is it because of rumors about Amazon? I heard that they are going to accept tokens according to the news and I heard they are looking for crypto developers who has experienced on crypto payment gateway?

I hope it's true and let's see the price coming in few months.

[Tytanowy Janusz]

Is it because of rumors about Amazon? I heard that they are going to accept tokens according to the news and I heard they are looking for crypto developers who has experienced on crypto payment gateway?

I hope it's true and let's see the price coming in few months.

Fun fact.

"Ebay is 'seriously considering' accepting bitcoin" https://finance.yahoo.com/news/ebay-seriously-considering-accepting-bitcoin-164410989.html

Guess the date.
...
....
12 december 2017 - right before final push from 15k to 20k ... right before beginning of 3 year bear market. After few months thay said that the demand is negligible and they give up on this idea. Hope that this Amazon news won't end up same way Final push to catch last bulls into bull trap.


BTW Thats my #3000 post "Total time logged in: 129 days, 1 hours and 33 minutes."

[zanezane]

I can't get behind calling it dildos but I am happy that the market is going green already. Be careful to everyone who plans to buy right now because of FOMO.

[BrewMaster]

My bad I sold all my BTC in USDT a few days ago I thought that it's the end of the bull run but it seems it's the end of the bear market.

that is the problem with selling in the dip after the dumping and panic is all over and done. it is practically guaranteed to lose money if you sell.

I can't get behind calling it dildos but I am happy that the market is going green already. Be careful to everyone who plans to buy right now because of FOMO.

i don't like it either and i barely use the term but now that the big rise came at the same time as the short squeeze the term "dildo" seemed appropriate for all those butts that hurt today because they shorted bitcoin and lost money.

[Baofeng]

I didn't see the jump to $39k, when I wake up, the price is more than $38k though, I also got unlucky selling at $34k because I needed some though, prior to the massive spike, ouch.

In any case, yeah this could be the start of FOMO again, and we all know that once it sets in, it's hard to stop. But in seems that we are having some resistance on the $40k barrier. If this could be broken though,  then $50k can be touch early next week the start of new month for us.

[thecodebear]

Will be interesting to see if it can break through $40k area and head higher this week to signal the end of the mini-bear market. I've been expecting to stay in the $30,000s market bottom range for another month or two, but wouldn't mind being wrong!

[BrewMaster]

I've been expecting to stay in the $30,000s market bottom range for another month or two, but wouldn't mind being wrong!

that was a very strange expectation though because bitcoin has been in $30k range for 3 months already and to expect 2 more months of the same thing doesn't make any sense to me. 5 months of no move?!!

in any case the momentum so far has been excellent and if it is sustained over the following 24 hours and we break $40k this momentum will only grow.

[Hamphser]

it is starting with the first green dildo appearing today surprising many users and showed a small sign of FOMOs starting again as price suddenly jumped up to reach 39k in less than an hour.

this could be the beginning of seeing more green dildos indicating lots more FOMO to come.

Hard to tell but most likely because community do commonly react when the price is starting to move out after that very long time of moving sideways which everybody is really on that hesitation on
making up a position.

It is just a matter of some initial movement to make up some trend and i dont see any news or sentiments that did really trigger out bitcoins price and it did just soar up even though on small percentage
but it is way more better than on previous weeks.

Green dildos? Lets hope for that it would happen in next days.

[NeuroticFish]

this could be the beginning of seeing more green dildos indicating lots more FOMO to come.

There were quite a number of good news for the price that didn't have any effect. But they were piling up.
Was the critical mass achieved and the FOMO kicks in? I can't tell yet for sure.

Still, with the hash rate looking healthier, with the news, with the shorters getting rekt 3 times in a row and now with some new green dildos too... it may just be the time. I am somewhat afraid to hope too high, but I do hope that you're right.

[BlackHatCoiner]

The only dildos I allow to make my day.

Is it because of rumors about Amazon?

Maybe that's the reason, but not the cause.

Still, with the hash rate looking healthier, with the news, with the shorters getting rekt 3 times in a row and now with some new green dildos too... it may just be the time. I am somewhat afraid to hope too high, but I do hope that you're right.

But, why would the hashrate have anything to do with the price? Why would someone buy Bitcoin if he read an article that describes it became securer? One and a half year occupying myself with Bitcoin and still haven't understood these two terms' relation.

[NeuroticFish]

But, why would the hashrate have anything to do with the price? Why would someone buy Bitcoin if he read an article that describes it became securer? One and a half year occupying myself with Bitcoin and still haven't understood these two terms' relation.

It's not only about the security.
The bigger the hash rate (actually the difficulty) the more work an ASIC must perform (more hashes to send) for the same reward.
While the hash rate dropped the remaining miners were getting bitcoin easier (i.e. also cheaper in terms of electricity consumption) hence they were on profit also if they sold cheap.

[Tytanowy Janusz]

Is it because of rumors about Amazon? I heard that they are going to accept tokens according to the news and I heard they are looking for crypto developers who has experienced on crypto payment gateway?

I hope it's true and let's see the price coming in few months.

Fun fact.

"Ebay is 'seriously considering' accepting bitcoin" https://finance.yahoo.com/news/ebay-seriously-considering-accepting-bitcoin-164410989.html

Guess the date.
...
....
12 december 2017 - right before final push from 15k to 20k ... right before beginning of 3 year bear market. After few months thay said that the demand is negligible and they give up on this idea. Hope that this Amazon news won't end up same way Final push to catch last bulls into bull trap.

Damn. Didn't expect this post to age that well. Few ours after my post we see spam of articles "Amazon denies report of accepting bitcoin as payment" - https://ph.news.yahoo.com/amazon-denies-report-accepting-bitcoin-215220333.html

And dump 9% in 2.5h.  Looks like this time "big company accept bitcoin" news was used like during 2017 bubble. After such strong rejection ... I think we may retest 30k once again.

[BrewMaster]

And dump 9% in 2.5h.  Looks like this time "big company accept bitcoin" news was used like during 2017 bubble. After such strong rejection ... I think we may retest 30k once again.

you jump to conclusions very fast.
it was an orchestrated FUD to start the negative news right as price hits $40k. it wasn't some random coincidence, they are desperately trying to keep the price from going up but the momentum is still strong so all they could do was to postpone the rise and we are headed for $40k again.

[Tytanowy Janusz]

it was an orchestrated FUD to start the negative news right as price hits $40k. it wasn't some random coincidence, they are desperately trying to keep the price from going up but the momentum is still strong so all they could do was to postpone the rise and we are headed for $40k again.

If amazon accept btc was a fake news, and they corrected it at the 40k price target means that their goal is not to "desperately trying to keep the price from going up". They would not create fake bull news before. It means that their goal is to drive market price right where they want it to go ... meanwhile shaking out professional traders. Short/long ... everyone. If chart is unchartable, price moves hysterically based on fake news, pro traders stops trading. Gamblers always stays to lose all money on high, random volatility. Characteristic in key moments on BTC either before bear market start or bull market start.

Recovery is nice... I agree. Its not like I'm sure about this 30k retest. I just don't like how market moves hysterically based on news with negligible long-term value. It usually doesn't end well

[el kaka22]

If amazon accept btc was a fake news, and they corrected it at the 40k price target means that their goal is not to "desperately trying to keep the price from going up". They would not create fake bull news before. It means that their goal is to drive market price right where they want it to go ... meanwhile shaking out professional traders. Short/long ... everyone. If chart is unchartable, price moves hysterically based on fake news, pro traders stops trading. Gamblers always stays to lose all money on high, random volatility. Characteristic in key moments on BTC either before bear market start or bull market start.

Recovery is nice... I agree. Its not like I'm sure about this 30k retest. I just don't like how market moves hysterically based on news with negligible long-term value. It usually doesn't end well

One sort of people earn from this, well aside from the whales who create these conditions : long term investors. People like me who keep on buying and putting some aside will earn no matter what, it doesn't matter if it goes down now, it doesn't matter if it goes up later, only thing that matters is how much money you can make from it in the future, if you have a price point of let's say 200k dollars per bitcoin, then you can wait for it, maybe it will hit that in a year, maybe in 5 years, you can accumulate more and more in the future until it reaches there, if you think it will be 200k, then buying at 190k won't be a problem, so keep on getting more and more, same goes with other coins as well.

So I do not care if the whales want to manipulate it to make it bad, I do not care if they make it good, only thing I care about is the fact that we could make a good profit in the long term, even 64k didn't excite me, because I know it can be 5x more than that in the future.

[Tytanowy Janusz]

One sort of people earn from this, well aside from the whales who create these conditions : long term investors.

Long term investors don't earn on short term volatility. And short term volatility is what this topic is all about. And pretty much you said it by yourself in next fragment of your post saying that you, as long term hodler, don't care about whales manipulations.

So I do not care if the whales want to manipulate it to make it bad,

So first part of your post contradicts the next part of your post.