Re: FOMO IS REAL

Quote from: MatDerKater on May 03, 2017, 09:54:19 PM

Quote from: Crypt1x on May 02, 2017, 11:34:32 AM

As title says, FOMO is worlwide real now.

Brace for impact on Mars surface, Moon just got passed! Grin

BTCBTCBTCBTC Cool

What, Fear of Missing Out on some exchange (Bitfinex a prime candidate) going down with all your money and Bitcoins?

I'm bashing my head in right now looking at cross-exchange value differences, and it just blows my mind that there are so many people throwing money into Bitcoin blindly based on FOMO. While Kraken and Bitstamp are relatively close, BTC-E is lagging behind by $111 right now. Bitfinex is shooting forwards based off of the lack of true fiat security.
This just doesn't make sense. For this to be a real rise it seems like all exchanges should be on board, not awful differences between everything.

Quote from: 187undercover on May 03, 2017, 09:06:59 AM

Quote from: Wind_FURY on May 03, 2017, 03:57:36 AM

OP, if this move is indeed because of FOMO then holding Bitcoin now is like a game of who will blink first because the opposite will also be true. Once panic starts sinking in the market be careful.

For every action, there is a reaction. Yup, there may be a huge drop after this big run is over!

This is what worries me. I want to take my money out and wait in fiat for the drop but it seems too good to be true.
As long as I catch the market within an hour or so and it isn't a flash-crash then I should get out and still make money.

Oh man, interesting times.