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

i am always fascinated by the FOMOs that keep happening in bitcoin market. earlier this year i created two topics on two different occasions about it the small inital FOMO in first stage and another FOMO with a bigger leg up.

with the current situation where price has come down below the $10k support line and the fact that a lot of weak hands were flushed out, i am guessing pretty soon after the drama ended we are going to see another FOMO market shape up bringing in a lot of money like a tsunami. this time if the momentum could build up we could see $20k before the end of the year.

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 do not believe that we are headed for another FOMO event.

This is mainly because for this to occur, the price would have to gradually start increasing and then start climbing quickly, as this is when people would be genuinely afraid of missing out.
At present time, people are scared to invest due to the high volatility and huge decrease in value that we just witnessed. If people start pumping Bitcoin, which may occur due to its low price currently, then I do see the possibility of FOMO occurring and leading to a skyrocketing Bitcoin price.
When this will occur is another question however, and I think we are looking at around a few months. (Hopefully)