Quote from: Oasisman on October 12, 2019, 03:15:02 AM

Quote from: Febo on October 11, 2019, 03:20:02 PM

Quote from: The Pharmacist on October 10, 2019, 03:04:33 PM

Quote from: bobsav2121 on September 20, 2019, 02:21:57 PM

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.

I think the reason why the Bitcoin price wont go below $8,000, because of the "mini FOMO" that you mentioned as everyone is expecting the price will increase in huge figure on next year's halving. It wont break the $8,600 barrier as well, because a lot of momentum sellers and traders are dumping btc, while other investors starts accumulating at $8,000 mark.

But we are more then a half year before halving and only 5% drop put us under $8000. I believe sub $8000 is very possible. Sub $6000 are already much closer to impossible then possible.