Quote from: BrewMaster on October 01, 2019, 03:11:09 PM

what do you think about the size of the upcoming FOMO? can we see a bubble in short term this time or will it be like last time (small just to kick start the rise)?

I don't consider FOMO to be a good thing and whenever that feeling next hits the markets is not something I care to predict. Your second question alludes to why it's bad. It's emotionally driven buying and if traders engage in it and push bitcoin to the bubbling point, they are just as likely to panic sell and crash the price. FOMO is an acronym that gets bandied about a lot and most of the time I don't believe people really consider what it means.

Quote from: magneto on October 01, 2019, 11:33:16 PM

FOMO only really occurs when the market is excited and sentiment is high, while it is pretty much the opposite of what is going on right now.

That is the truth. There was a lot of it when bitcoin was on its way to $20,000 mainly because it happened so fast. I guess if bitcoin were to take off like a rocket right now there would be a lot of bandwagoneers buying just because they don't want to miss out on the potential profits. It happens every time any investment does this and its what creates bubbles. Once again, this is not a good thing.

Quote from: magneto on October 01, 2019, 11:33:16 PM

I doubt that a sizable pump due to FOMO will come at any time soon.

Maybe, maybe not. There's been quite an abundance of selling going on but that could reverse itself easily enough and I strongly think it will. When it happens is something I couldn't even guess at.