Quote from: Scaccomatt0 on August 11, 2015, 07:39:06 AM

Quote from: ThatDGuy on August 10, 2015, 07:42:01 PM

Quote from: mrhelpful on August 10, 2015, 07:10:48 PM

Quote from: Scaccomatt0 on August 10, 2015, 06:47:24 PM

My supposition is about 375-385. During next days price will go down another 4-10%, then in September start to increase.

This sounds reasonable, and I feel this would hit the point.

I`m not sure as the other people mentioning about $500. That increase would have to come up drastically for a reason something valid, not some whale just purchasing bitcoin.

FOMO is a perfectly valid reason for a drastic increase. We've seen it plenty of times before.

Sorry man, what's the meaning for the acronym FOMO?

np - FOMO is Fear Of Missing Out. It's a term for part of the psychological effect that kicks in during a fast run-up in price. It's the natural fear that "oh shit this is going to the moon I don't want it to get there without a piece of it"

It's especially powerful with an asset class like Bitcoin where there is an eventual finite amount.