Post
Topic
Board Speculation
Re: Maximum price bitcoin 2015
by
ThatDGuy
on 12/08/2015, 18:50:23 UTC
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.