Quote from: 206 bones on February 17, 2020, 03:30:07 PM

As we approach May. Demand increases due to the fear of loosing opportunity (FOMO).

The psychology of the participants gravitate towards the high possibility of a dramatic increase of the price. This assumption are based on many analogies which are born mainly from past performance & future scarcity environment.

This market mindset increases the momentum of the price rising due to a chain reaction:

FOMO --- increases ---> Demand --- increases ----> Future expectations -- increases ----> HODL ---- increases ---> scarcity ---- increases ----> price --- increases ---> Media & Public Awareness --- increases ----> FOMO & the cycle repeats.

We can have some gaps of doubt & fear but this is going to fade away as we approach the "hope" & "optimism" phase of the market cycle. Confidence will take over as we see more & more steady green numbers.

This gaps that occur in the disbelief market cycle I consider them to be at POMO (Point Of Maximum Opportunity)

When we have a chain reaction like this which is reinforcing demand previous to the stock to flow doubling. Scarcity cuts in half & the chain reaction increases in momentum, which will lead inevitably to a considerable price increment.

Well said bro, this also summarizes the very essence of the law of supply and demand. Also, introducing new concepts and ideas or factors that might have affect the standing of a crypto currency.

As the day progresses towards the month of may where the halving event would happen, I don't understand why the price of Bitcoin is on a downslope, what could be the possible reasons about it? Certainly a normal person like me would think that "isn't it suppose to be increasing?" because people are more likely to store Bitcoin and preparing for the halving? but, it doesn't seem to be happening. But, at times like this, we should believe in the standing of Bitcoin. Hoping the value of Bitcoin would not dump into its lowest this year.