Post
Topic
Board Speculation
Re: Bitcoin up to $20,000 before 2020?
by
Febo
on 11/10/2019, 15:20:02 UTC
  • There is a massive FOMO sentiment amongst crypto enthusiasts
There's no FOMO right now that I can see.  That only happens when the price is shooting up, not when it's stagnating--which is exactly what it's doing now, and it's stagnating after dropping a couple thousand dollars in value.  If and when bitcoin starts to climb to $20k, then we'll start seeing some real FOMO, and as I've said before that isn't necessarily a good thing.  That kind of fear leads to overinflated prices and potential bubbles.

He posted this before BAKKT release. At that time there was a FOMO what will happen after release. Now yes there is none. Yes there is a general mini FOMO about halving but that is it. We had super good Q2 and a correction in Q3.