The rush is about to start, from weak hands.

[Olotu20]

As Bitcoin continues to recover from it dip , there has been deffirent persons that has reacted to the market. While some are still skeptical about the market there are some who are about to rush into the market due to FOMO. These sets of persons is what I refers to as the weak Hands because, these sets of people are not patience enough but rushed to sell during the dip and is once again trying to rush back into the market as the price Begins to appriciates.

Advise
Don't rush into the Bitcoin market because of price, you will be disappointed because this is not the place where you can come and try your luck. Bitcoin is unpredictable and so it's important that you have an investment strategy. What makes the difference in Bitcoin investment is the strategy. A good consistent strategy will save you from rush like this.Dont be among those who will rush in again due to the price, price buying are very weak hands.

[Wiwo]

Bitcoin is trading at $82.022, which is still above the benchmark to call the recovery price of $80k squashed and the possibility of heading down to $70k again, where we start calling it a bear market return.

Looking at the order book, the available market liquidity is going to make it hard for us to see such harsh price declines this time around.

Weak hands will always be there in both bear and bull markets; what makes someone a weak hand is their inability to hold through sudden market moves those who sell without consideration and patience to wait through market volatility.

[New Judgement]

But you can’t take away the traders from the market. Their strategy is to sell off their bitcoins when there are signs that the market is crashing, then buy again when there are signs that the market is recovering. These sets of people are also are also playing significant role in the market. Not everyone is investing in bitcoin for the long hold. Everyone is doing what is best for them.

[Dave1]

As Bitcoin continues to recover from it dip , there has been deffirent persons that has reacted to the market. While some are still skeptical about the market there are some who are about to rush into the market due to FOMO. These sets of persons is what I refers to as the weak Hands because, these sets of people are not patience enough but rushed to sell during the dip and is once again trying to rush back into the market as the price Begins to appriciates.

Not really sure what you mean from recovering the from, we came from $85k to $81k, So the price is going down as we speak. If we are talking about FOMO because we might see that the price could go all time high, then for me it's good as we are all looking for at least close to $100k at the end of the year.

Advise
Don't rush into the Bitcoin market because of price, you will be disappointed because this is not the place where you can come and try your luck. Bitcoin is unpredictable and so it's important that you have an investment strategy. What makes the difference in Bitcoin investment is the strategy. A good consistent strategy will save you from rush like this.Dont be among those who will rush in again due to the price, price buying are very weak hands.

If you are here for the long term, I don't think that you would care about FOMO or whatsnot. You should figure out it yourself being as a investor, and the best thing to do is to look at the bigger picture and again, long term hold is the key to make a lot of money here.

[pooya87]

FOMO happens when a considerable price level (resistance) is broken and there is an upward momentum in action. Not just after any rise. And there is a degree of FOMO depending on the resistance that broke. For example right now that we are stuck below $85k resistance, if that is broken we will only see a small FOMO but if $100k was broken that FOMO is going to be a lot bigger but the biggest FOMO will take place after we break $120k and set a new ATH.

One of the main reasons why this FOMO happens is not "weak hands" it is because of the FUD-believers. These are people who wanted to buy bitcoin but got the idea that price is going to drop more for them to get a better discount. Since that never happens, they feel "left behind" or feel like they are "missing out" therefore they start panic buying which we call FOMO.

As a result the best suggestion is to tell these people to stop believing the FUD and stop waiting for some "golden opportunity" that may never come. Just buy already! The DCA strategy is good for these people too...

[fullfitlarry]

As a result the best suggestion is to tell these people to stop believing the FUD and stop waiting for some "golden opportunity" that may never come. Just buy already! The DCA strategy is good for these people too...

Right, and we have seen this FOMO for what, since 2017s' $5k Bitcoin price?



ctto

So the best weapon for it? Just buy and accumulate, simple as that. There's no other market that is as simple as Bitcoin market. You don't need to check the price, no FOMO and there are no secret here. Everything is out in the open. Just use DCA and you will be fine to be honest.