Fomo AGAIN?

[Charles-Tim]

Usually I have the Speculation section on ignore, but I just had to check the threads here today.  Have we not already hit a new ATH?  Per preev, bitcoin is at $63,280.

I am acquainted with an exchange candle stick chart which makes the work easier for me, bitcoin price hasn't reached all-time-high.

     

The first chart shows all-time-high on April 14 which was $64,854, the first chart have candle sticks with a day price range. The second second shows the recent highest price bitcoin which was few hours ago which was $64,486.

On Coinmarketcap, the all-time-high was $64863 while the highest price on the site recently was $64434, I used the candle stick chart also, but probably the time zone differs a little from Binance time zone which is the time zone the three exchanges I have used before are using which is UTC (+0). So bitcoin all-time-high was on 14th April, the time zone should be the reason for the difference in 7 days range candle sticks on Coinmarketcap chart and the adjustment is not flexible like on the exchanges.

     

Edit:

Bitcoin price later hit all-time-high some hours ago.

[Poker Player]

We have not yet broken the ath, as mentioned, and the normal thing when you get to that previous point is that there is some resistance. I remember it took us quite a while to break the $20k, it wasn't come and break it.

As for the FOMO, I would think there will be two phases:

1) When we clearly break above $65k.
2) When we get clearly above $100k. This is going to be the Big FOMO.

[Wexnident]

Just buy slowly in dips and stop waiting for crashes, you're wasting your time trying to wait for something you based on what, what others have actually said? Or is it simply because of how it dipped midyear back to below $30k or so? Though I'd suggest waiting for a small dip before buying in right now. There's pretty much no reason in trying to buy when the market is in a rally, that's just pretty stupid. Additionally, FOMO would probably happen a bit more later, you can honestly see it when the market suddenly goes into a rage and price surges up big time. When you're at that point I'd honestly just suggest buying in AFTER that.

[Yaunfitda]

We have not yet broken the ath, as mentioned, and the normal thing when you get to that previous point is that there is some resistance. I remember it took us quite a while to break the $20k, it wasn't come and break it.

As for the FOMO, I would think there will be two phases:

1) When we clearly break above $65k.
2) When we get clearly above $100k. This is going to be the Big FOMO.

I think breaking $60k, there's already a FOMO.

Yes, institution are buying bitcoin at a huge rate, but still, for it is the retail investors that will cause their massive spike, so the FOMO is coming from them and not from institutions.

It could be a big FOMO when we reach $100k or a massive sell-off. 

[Lucius]

You have the weirdest expectations from bitcoin
You basically expected a 85% market crash (a massive one) before price goes up which makes absolutely no sense. Specially since price was far from being in mini bubble let alone in a big bubble that could lead to such a huge crash!!!

The man obviously didn't notice your avatar showing for weeks that it was the right time to invest in BTC, the discount that appeared and kept the price around $30k (or even lower) was for some obviously a completely wrong signal - announcements of crypto winter that then running through the forum led many people to sell at the completely wrong time.

It is starting to. Usually when there has been a lack of big rises, the FOMO-type-people remain doubtful and don't start buying until it is too late. Right now it is a little late so there are small FOMO buys here and there. I believe the bigger FOMO will start after new ATH was set (ie. 65k+) and the momentum shows no sign of slowing down.

I agree that it will take a while until new conditions are created for the FOMO effect, which means that we have to wait for the media to start speculating about $100k by the end of the year, with of course the inevitable story of the first BTC ETF in the US, El Salvador, Mr.Mars and how Bitcoin has become greener because it is no longer produced in China.

[leea-1334]

Per Coindesk ATH is 64800+ so now we are not quite there but we almost touched 64500. I know Coindesk is not the best but it is the most followed mainstream crypto media for market.

And as Charles-Tim also says same being used for CMC.

It is still coming today of course

[davis196]

My FOMO is more like Fear of Selling Too Early and missing out on the higher price later on.
I've sold my BTC at the wrong moment many times before,so I can't be bothered with buying BTC at the wrong time(right before a price correction).
I'm not like the FOMO traders,who wants to buy Bitcoins,when the market is on a bull run.
I guess that the Bitcoin market entered a FOMO phase,but I'm not going to buy any BTC,because I expect a price correction next week.
The FUD,that is coming from the governments and banks will grow for sure and the current FOMO phase will die slowly.

[RapTarX]

You have the weirdest expectations from bitcoin
You basically expected a 85% market crash (a massive one) before price goes up which makes absolutely no sense. Specially since price was far from being in mini bubble let alone in a big bubble that could lead to such a huge crash!!!

I really haven’t thought of a bounce back. All I have imagined was $64.8k is peak for now and we are done; I'm pretty new at the speculative market, not an expert guy on TA. I was a holder only; saving some amount on BTC & that brought me a good return.
But I was wrong; I could have made more than whatever I have now. Now, I can't afford to buy the BTC I had earlier.
Have purchased a little. If there's a dip, will accumulate more. It has been a lesson for me.

[justdimin]

The man obviously didn't notice your avatar showing for weeks that it was the right time to invest in BTC, the discount that appeared and kept the price around $30k (or even lower) was for some obviously a completely wrong signal - announcements of crypto winter that then running through the forum led many people to sell at the completely wrong time.

Unfortunately there will always be people who believe that bitcoin is not doing something that they want it to do. It always does something that is volatile and good in the end, and we should be buying when it is low instead of selling, but people see it dropping and get scared and sell. I see forum posts about how everything sucks whenever price drops, whereas I really love the periods when it goes low, because then I would be able to buy at that price and I would be doing great. In the end I would love to see it drop again, yes that sounds weird to many many people but that would mean I could buy cheap again, that is why I love cheaper prices.

[Victorycoin]

The price of a currency is low it is a good time to buy it even if the price of bitcoin goes down, its direction from other currencies will go up in general we think bitcoin is in a favorable technical position from a medium to longterm perspective considering all the signs yet it is pointing for an extended period of consolidation around the altitude before summer. Because of this among other technical issues our attraction is still reduced to corrections between important support levels, but we are able to move forward and buy with the confidence to hold these positions.

[Lucius]

Unfortunately there will always be people who believe that bitcoin is not doing something that they want it to do.

I understand beginners who are mostly very confused with how all this works, but I don’t understand members who have been here for years and have had the opportunity to learn some things all this time. Everyone who sold when the price dropped to $30k and below was obviously wrong, because they didn't take into account the time we are in - and this is, despite everything, a very bullish year, almost identical to 2017. The only difference is that this bull run is not started exclusively by small investors, but by much larger players who have huge amounts of money to invest.

In the end I would love to see it drop again, yes that sounds weird to many many people but that would mean I could buy cheap again, that is why I love cheaper prices.

There are always those who rejoice when the price drops and when it rises, because that's how they make a profit - that's perfectly normal. Volatility will be one of the main features when it comes to Bitcoin for some time to come.

[Ararbermas]

Probably not fomo because many analyst already said that bear will not last after the bull run and you know it happened after weeks, so it was a bull run not because of some people who just ride to make hype in the market.. Indeed bitcoin surge more above 60k so obviously there's a high demand in the market.. And its not yet done wherein we still have months before this year ends, so perhaps we will see another ATH..
Btw likewise,  i missed the train.. But still good because there's always a next time. 

[lixer]

I haven’t thought it could be a new ATH without a big dump to $10k-20k LOL but now we are very close to the new ATH; probably tonight, who knows. I just have realized that I'm in FOMO and get an amount which I could afford. Do you think FOMO is created once again & people are likely to get in? I have sold all my BTC long ago; later on, bought little amount only. Sad I didn’t buy the dip.

Not just you, I have seen many people have done similar kind of mistakes due to unrealistic speculations about the downfall of bitcoin market. Probably if bitcoin was dumped up to $20k levels then probably you might have bought back more than what you have sold before but unfortunately it made a U-turn by $28k levels itself.

As of now, I believe we are slowly getting into FOMO and accumulating anything within your affordable levels is highly recommended because you may not get back to the currently available cheaper price levels anymore.

[cryptomaniac_xxx]

Probably not fomo because many analyst already said that bear will not last after the bull run and you know it happened after weeks, so it was a bull run not because of some people who just ride to make hype in the market.. Indeed bitcoin surge more above 60k so obviously there's a high demand in the market.. And its not yet done wherein we still have months before this year ends, so perhaps we will see another ATH..
Btw likewise,  i missed the train.. But still good because there's always a next time. 

You missed the train because you didn't FOMO, lol, now a new all time high has been reach in the last 24 hours. However, we see some minor dip as sellers as cashing out and probably will have to enter again when the price goes down. That is if the price will go on a correction, but so far we haven't seen any yet as it is trading sideways from $65k-$66k. Of course, it is not yet done, we still have $100k, and that is the target that's why we are seeing FOMO.

[Webetcoins]

As of now, I believe we are slowly getting into FOMO and accumulating anything within your affordable levels is highly recommended because you may not get back to the currently available cheaper price levels anymore.

I agree with this. I believe it would be massively profitable if we buy now and hold for next 2 to 3 months alone. If we are able to buy more right now, just before expected FOMO gets into action, then we might see at least 2x profits before end of this year. There are people who are negative about another round of bull run, but in my opinion, those people will regret like how people are sharing about 2013 and prices below $1000.

Not to mention that you're not probably too late and the increase of the price is just starting to happen.

I second this. Not just now, I do keep on suggesting my friends and colleagues about buying and holding bitcoins without hesitations as it is not too late to get into bitcoin with long term plans.

[Oceat]

FOMO always happens when the prices starts going up, I think that's the reason why it's missing out. In my opinion, there's nothing wrong with FOMOing as long as you are going to accept the consequences of your actions. Not to mention that you're not probably too late and the increase of the price is just starting to happen.

Doing FOMO in the peak is really a dangerous idea, haven't they experience it in 2017 when the bubble burst? I'd rather wait for the dip then buyback since it's too risky to follow the trend that most people/investors are suffering from the past. Minimizing the risk is important than gambling it but who knows? Sometimes you were right but sometimes most people didn't expect what was the result of their choice. So, they just sold it already after seeing the price drop so hard after the correction.

[bitgov]

I haven’t thought it could be a new ATH without a big dump to $10k-20k LOL but now we are very close to the new ATH; probably tonight, who knows. I just have realized that I'm in FOMO and get an amount which I could afford. Do you think FOMO is created once again & people are likely to get in? I have sold all my BTC long ago; later on, bought little amount only. Sad I didn’t buy the dip.

In my opinion, a lot of people are in FOMO. Investing in any cryptocurrency in or around ATH is never a good idea. However, the sentiment around Bitcoin's price is still very positive, so there is a high probability that its price will really increase further. I generally advise against investing when ATH is achieved, but in this case the risk may pay off.

[justdimin]

There are always those who rejoice when the price drops and when it rises, because that's how they make a profit - that's perfectly normal. Volatility will be one of the main features when it comes to Bitcoin for some time to come.

Volatility is great and rejoicing when the price drops is something that only the people who know how to invest does, if you are not really great then you are going to be upset when the price goes down, I do not get why people are that upset when the price goes down but I know that people sell when the price goes down, that is how the price goes down. Like it goes down to 50k now means that someone sold a lot at 55k as well, and if it drops more then people sold even more, meanwhile I will be basically buying at that level.

I would say that people who know what bitcoin could do will be buying like me. I get that people who do not know what they are doing because they are new, but members like me should be super happy whenever the price drops. Right now, this new ATH is killing me, I am not happy about it, I am not going to sell even if it hits 100k, so I rather see it at 30k rather than 100k right now.

[Furious 7]

Probably not fomo because many analyst already said that bear will not last after the bull run and you know it happened after weeks, so it was a bull run not because of some people who just ride to make hype in the market.. Indeed bitcoin surge more above 60k so obviously there's a high demand in the market.. And its not yet done wherein we still have months before this year ends, so perhaps we will see another ATH..
Btw likewise,  i missed the train.. But still good because there's always a next time. 

You missed the train because you didn't FOMO, lol, now a new all time high has been reach in the last 24 hours. However, we see some minor dip as sellers as cashing out and probably will have to enter again when the price goes down. That is if the price will go on a correction, but so far we haven't seen any yet as it is trading sideways from $65k-$66k. Of course, it is not yet done, we still have $100k, and that is the target that's why we are seeing FOMO.

Let this be a little correction again because if you do FOMO then I think it's over and we still have hope for 100k in the near future, but remember if you miss the train then don't force it because for me this will be a correction and bounce again at a higher price tall.

The $65k-$66k trades weren't strong enough and didn't last long but they thought its selling and getting for, but I think there's still some holding on even though it's reached ATH this is a good thing and if we stick around until the end of the year it's definitely going to be an uptick high, we should be able to see how the previous move was.

[Rasa nanas]

if you believe the price of bitcoin can reach $100k or higher than the current price of course you are not too late to buy. today many people believe that the price of bitcoin will reach $100k before the end of the year or after and this will certainly trigger FOMO globally and make bitcoin prices continue to rise to this day. I think if conditions continue there are still many people who will enter before bitcoin reaches the upper limit.