Published
5 years ago on
August 14, 2018
“Most cryptocurrencies have been overvalued for a very long time. It’s hard to pin this move on any particular factor, but it feels like the opposite of last year when money piled in as people felt FOMO. Now it’s piling out as they sense panic.â€See more for yourself, here. It’s that panic, that we believe is driving this new FOLO concept. The idea that this is the opposite of last year is important to consider, because it could help us predict what might happen next. In theory, as FOLO drives prices down, we could reach a point where FOMO kicks back in. Prices could be temptingly low, especially given that we have already seen Bitcoin hit $20,000.00 in the past, who’s to say it won’t happen again? In this instance, FOMO will begin to take hold and encourage a pump of investment into the markets, this will drive up prices and lead to a market surge. What will happen after this is an organic fall, a sell off and the return of FOLO. In theory at least.
