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Showing 11 of 11 results by Srubek
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Board Bitcoin Discussion
Re: How do we know retail is FOMO-ing into Bitcoin?
by
Srubek
on 25/05/2024, 08:45:08 UTC
In the current market, I’m convinced the uptrend is mainly due to the ETFs buying BTC (https://farside.co.uk/?p=1321). But I’m curious, what metrics do you all use to figure this out?

So according to you it's all ETFs and the halving has nothing to do with it?
IMO halving defines the cycles of bitcoin and the first time that happened people were surely surprised, but then it happened again and again and again and every time the price reacted positively to each and every halving. I'm sure that by now people have figured it out.

Halving for sure plays a role, I just feel this time its different and retail (us) is not in. I see more institutional investors in than ever.
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Topic
Board Bitcoin Discussion
Re: How do we know retail is FOMO-ing into Bitcoin?
by
Srubek
on 22/05/2024, 12:15:23 UTC


fyi... YOU ARE RETAIL

How do you know? Smiley
i am too (and i have a multi-million portfolio) . we all are.

maybe google what "retail" is mr. ceo of blackrock.

Okay. Mr. Bulltard. Cheesy
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Topic
Board Bitcoin Discussion
Re: How do we know retail is FOMO-ing into Bitcoin?
by
Srubek
on 19/05/2024, 08:19:24 UTC
For me, when the price is pumping so fast, that's the tell-tale sign for me that retail investors are on a frenzy and are at the FOMO stage, that's the only time that you would be trying to buy bitcoin because you don't want to miss out on the possibility that the price of bitcoin is going to go up even more and it would be a really sad thing for someone to miss out, plus people don't really have a lot of money to spend when it comes to investing in bitcoin, most retail investors have other bills to pay after all.

Do you believe retail can really drag the market as crazy? I know we have seen this with GameStop but do you believe this can happen with BTC as well? I believe the current run is caused by ETF Funds.
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Topic
Board Bitcoin Discussion
Re: Shops now accept BTC
by
Srubek
on 18/05/2024, 21:53:01 UTC
It just get to know that some shops now accept BTC as exchange, that is very good Bitcoin is making progress, after some years now Bitcoin will shock the world, with the way things are going now.

What country?
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Topic
Board Bitcoin Discussion
Re: How do we know retail is FOMO-ing into Bitcoin?
by
Srubek
on 18/05/2024, 21:45:36 UTC
Hey everyone,

I’ve been pondering the mysteries of the Bitcoin market lately and I just had to ask—how do we know when retail investors are FOMO-ing into Bitcoin?

I mean, we all have our tell-tale signs, right? Personally, I keep an eye on Google searches with keywords related to Bitcoin to see if retail interest is picking up. And I know people are really getting interested when my gardener starts talking about Bitcoin!

In the current market, I’m convinced the uptrend is mainly due to the ETFs buying BTC (https://farside.co.uk/?p=1321). But I’m curious, what metrics do you all use to figure this out?

Are there other specific indicators or just gut feelings?

Share your funniest and most accurate signs that retail is diving headfirst into Bitcoin.

Looking forward to hearing your thoughts!

fyi... YOU ARE RETAIL

How do you know? Smiley
Post
Topic
Board Bitcoin Discussion
Re: How do we know retail is FOMO-ing into Bitcoin?
by
Srubek
on 18/05/2024, 19:54:53 UTC
Google trends + exchanges volume + etf volume, pretty easy formula for raw estimate

I think historically Google Trends has been an excellent way to see with data whether or not the average person is looking into Bitcoin.  Currently it's almost like Bitcoin is still at the cycle lows the way it's being ignored by the average person.  I think a lot of people got burned in 2021 and won't give Bitcoin a second look as a result, but there are still plenty of young folks who are stacking and being introduced to crypto at younger and younger ages.  I think we probably have a year or slightly longer before Google Trends maxes out in it's Bitcoin searches, but when it happens I don't think you'll need to go searching for ways to see it.

I initially started this thread because I had a lot of guys around me asking me about BTC. They were here in 2021 and they are again here now. So it got me worried whether retail is already FOMOing in.  Smiley But got your point, people that got burned will be very careful this cycle.
Post
Topic
Board Bitcoin Discussion
Re: How do we know retail is FOMO-ing into Bitcoin?
by
Srubek
on 18/05/2024, 19:38:52 UTC
Google trends + exchanges volume + etf volume, pretty easy formula for raw estimate

Seems like a good formula. I do the same. Would throw new crypto youtubers into the mix.  Cheesy
Post
Topic
Board Bitcoin Discussion
Re: How do we know retail is FOMO-ing into Bitcoin?
by
Srubek
on 18/05/2024, 19:23:24 UTC
Right now I am not stating this is the case here but generally when I read the section I have quoted from your OP, I automatically become highly sceptical of the motives behind the post especially when it comes from a newbie account.

From my experience, in the suspicious cases it usually happens when puppeteers that are trying to build up their accounts and are hoping for merits as they try to invite discussion but as I said, I am not stating that is the case here but I remain highly sceptical.

Looking forward to hearing your thoughts!


Sorry mate, but are new comers not welcomed at BTC Talk? I am generally asking because I want to know what others are checking.

When retail buys, I start to sell. Smiley
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Topic
Board Bitcoin Discussion
Re: How do we know retail is FOMO-ing into Bitcoin?
by
Srubek
on 18/05/2024, 14:02:52 UTC
I’ve been pondering the mysteries of the Bitcoin market lately and I just had to ask—how do we know when retail investors are FOMO-ing into Bitcoin?
You can look at Google trend and some indicators for Bitcoin bubble that bases on Google trend and some stats from social media platforms.
https://trends.google.com/trends/explore?date=all&q=bitcoin&hl=en
https://www.coinglass.com/pro/i/bitcoinBubble
https://www.theblock.co/data/alternative-crypto-metrics/web-traffic

You can look at Bitcoin heatmap that is given by Glassnode in their report like this one
https://insights.glassnode.com/the-week-onchain-week-18-2024/

You can simply see what's happening around you. If many people around you start to talk too much about Bitcoin, this market while just previous months, they did not care about it, it's good signal that retail investors are coming.

Thanks mate. I did not know about theblock.co. That looks like up to date website to keep an eye on.
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Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Topic OP
How do we know retail is FOMO-ing into Bitcoin?
by
Srubek
on 18/05/2024, 13:51:32 UTC
⭐ Merited by pawel7777 (1)
Hey everyone,

I’ve been pondering the mysteries of the Bitcoin market lately and I just had to ask—how do we know when retail investors are FOMO-ing into Bitcoin?

I mean, we all have our tell-tale signs, right? Personally, I keep an eye on Google searches with keywords related to Bitcoin to see if retail interest is picking up. And I know people are really getting interested when my gardener starts talking about Bitcoin!

In the current market, I’m convinced the uptrend is mainly due to the ETFs buying BTC (https://farside.co.uk/?p=1321). But I’m curious, what metrics do you all use to figure this out?

Are there other specific indicators or just gut feelings?

Share your funniest and most accurate signs that retail is diving headfirst into Bitcoin.

Looking forward to hearing your thoughts!
Post
Topic
Board Bitcoin Discussion
Re: When is it right to invest in Bitcoin?
by
Srubek
on 18/05/2024, 13:43:40 UTC
I'd say there is no "best time" to buy Bitcoin. Buy whenever there is a dip and learn yourself to sit on it.  Grin I run the same tactics in stock market and it should pay off.  Smiley