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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h246">FOMOing in</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h376">A false equivalency?</a></li></ul>
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    Tom Lee, the co-founder of research firm <a href="https://u.today/fundstrats-tom-lee-asks-your-opinion-on-bitcoins-golden-cross">Fundstrat</a>, says that FOMO is yet to kick in as the Bitcoin price is vying to smash the $9,000 target.
    
    The prescient <a rel="nofollow" target="_blank" href="#">Bitcoin</a> analyst claims has estimated that investors are expected to jump on the hype train once the BTC price reaches $10,000.
    
    <blockquote class="twitter-tweet" data-lang="en">
    Actually the point of the chart is to say “real FOMO” probably starts when <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#bitcoin</a> exceeds $10,000 as that is a price level only seen 3% of all days...
    
    ...mathematically equivalent to exceeding <a rel="nofollow" target="_blank" href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> $4,500 in 2017
    
    Looking back, that price was a level that indeed triggered FOMO
    — Thomas Lee (@fundstrat) <a rel="nofollow" target="_blank" href="https://twitter.com/fundstrat/status/1133716287027200000?ref_src=twsrc%5Etfw">May 29, 2019</a></blockquote>
    
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    FOMOing in
    
    Fundstrat has commented on a recent Fundstrat study that determined the levels of FOMO in the Bitcoin market (from Level 1 to Level 10).
    
    Obviously, a higher price amplifies the fear of missing the boat, but it is worth noting that the crypto king ups the ante during every <a href="https://u.today/bitcoin-btc-price-on-the-cusp-of-10k-has-the-new-bull-run-been-triggered">bull run</a>.
    
    Historically, the degree of FOMO mostly remained at bay. However, once BTC hits a certain price target (for instance, $6,950 in 2019), the so-called ‘baby’ level is reached, and investors reluctantly start FOMOing in.
    
    After the BTC breached the $8,350 resistance level, it opened the door for a medium degree of FOMO.
    Bitcoin is about to reach the level of FOMO, image by Fundstrat
    <a href="https://u.today/bitcoin-price-predicted-to-hit-28000-in-the-short-term-by-crypto-evangelist-max-keiser">card</a>
    
    A false equivalency?
    
    Now, as Bitcoin in inching closer to exceed the psychologically important mark of $10,000, we can expect the highest level of <a href="https://u.today/bitcoin-price-is-up-by-107-percent-this-year-as-its-inching-closer-to-8000-is-fomo-already-there">FOMO</a> that will make investors flock in droves to buy the soaring cryptocurrency.
    
    Lee states that $10,000 in 2019 would be mathematically equivalent to $4,500 in 2017, which gives ground to speculations about enormous price gains (BTC reached its current ATH of $20,000 during the highly speculative rally).
    
    However, there are those who are skeptical about this analysis with one user calling it “false equivalency.”
    
    <blockquote class="twitter-tweet" data-lang="en">
    Exceeding 4500 in 2017 was an ATH. As was anything above 1100 during 2017. Comparing them retroactively with a 3% metric is false equivalency. The real comparison for 4500 in 2017 would be <a rel="nofollow" target="_blank" href="https://twitter.com/search?q=%24btc&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$btc</a> @ ~77,000 today.
    — John Silvestro (@John__Silvestro) <a rel="nofollow" target="_blank" href="https://twitter.com/John__Silvestro/status/1133718441045532673?ref_src=twsrc%5Etfw">May 29, 2019</a></blockquote>
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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h246">FOMOing in</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h376">A false equivalency?</a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    Tom Lee, the co-founder of research firm <a href="https://u.today/fundstrats-tom-lee-asks-your-opinion-on-bitcoins-golden-cross">Fundstrat</a>, says that FOMO is yet to kick in as the Bitcoin price is vying to smash the $9,000 target.
    
    The prescient <a rel="nofollow" target="_blank" href="#">Bitcoin</a> analyst claims has estimated that investors are expected to jump on the hype train once the BTC price reaches $10,000.
    
    <blockquote class="twitter-tweet" data-lang="en">
    Actually the point of the chart is to say “real FOMO” probably starts when <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#bitcoin</a> exceeds $10,000 as that is a price level only seen 3% of all days...
    
    ...mathematically equivalent to exceeding <a rel="nofollow" target="_blank" href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> $4,500 in 2017
    
    Looking back, that price was a level that indeed triggered FOMO
    — Thomas Lee (@fundstrat) <a rel="nofollow" target="_blank" href="https://twitter.com/fundstrat/status/1133716287027200000?ref_src=twsrc%5Etfw">May 29, 2019</a></blockquote>
    
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    FOMOing in
    
    Fundstrat has commented on a recent Fundstrat study that determined the levels of FOMO in the Bitcoin market (from Level 1 to Level 10).
    
    Obviously, a higher price amplifies the fear of missing the boat, but it is worth noting that the crypto king ups the ante during every <a href="https://u.today/bitcoin-btc-price-on-the-cusp-of-10k-has-the-new-bull-run-been-triggered">bull run</a>.
    
    Historically, the degree of FOMO mostly remained at bay. However, once BTC hits a certain price target (for instance, $6,950 in 2019), the so-called ‘baby’ level is reached, and investors reluctantly start FOMOing in.
    
    After the BTC breached the $8,350 resistance level, it opened the door for a medium degree of FOMO.
    Bitcoin is about to reach the level of FOMO, image by Fundstrat
    <a href="https://u.today/bitcoin-price-predicted-to-hit-28000-in-the-short-term-by-crypto-evangelist-max-keiser">card</a>
    
    A false equivalency?
    
    Now, as Bitcoin in inching closer to exceed the psychologically important mark of $10,000, we can expect the highest level of <a href="https://u.today/bitcoin-price-is-up-by-107-percent-this-year-as-its-inching-closer-to-8000-is-fomo-already-there">FOMO</a> that will make investors flock in droves to buy the soaring cryptocurrency.
    
    Lee states that $10,000 in 2019 would be mathematically equivalent to $4,500 in 2017, which gives ground to speculations about enormous price gains (BTC reached its current ATH of $20,000 during the highly speculative rally).
    
    However, there are those who are skeptical about this analysis with one user calling it “false equivalency.”
    
    <blockquote class="twitter-tweet" data-lang="en">
    Exceeding 4500 in 2017 was an ATH. As was anything above 1100 during 2017. Comparing them retroactively with a 3% metric is false equivalency. The real comparison for 4500 in 2017 would be <a rel="nofollow" target="_blank" href="https://twitter.com/search?q=%24btc&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$btc</a> @ ~77,000 today.
    — John Silvestro (@John__Silvestro) <a rel="nofollow" target="_blank" href="https://twitter.com/John__Silvestro/status/1133718441045532673?ref_src=twsrc%5Etfw">May 29, 2019</a></blockquote>
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Fundstrat’s Tom Lee Reveals Bitcoin Price Tag That Will Trigger FOMO

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Wed, 29/05/2019 - 15:45
Fundstrat’s Tom Lee Reveals Bitcoin Price Tag That Will Trigger FOMO
Cover image via www.123rf.com
Read U.TODAY on
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Contents
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Tom Lee, the co-founder of research firm Fundstrat, says that FOMO is yet to kick in as the Bitcoin price is vying to smash the $9,000 target.

The prescient Bitcoin analyst claims has estimated that investors are expected to jump on the hype train once the BTC price reaches $10,000.

card

FOMOing in

Fundstrat has commented on a recent Fundstrat study that determined the levels of FOMO in the Bitcoin market (from Level 1 to Level 10).

Obviously, a higher price amplifies the fear of missing the boat, but it is worth noting that the crypto king ups the ante during every bull run.

Historically, the degree of FOMO mostly remained at bay. However, once BTC hits a certain price target (for instance, $6,950 in 2019), the so-called ‘baby’ level is reached, and investors reluctantly start FOMOing in.

After the BTC breached the $8,350 resistance level, it opened the door for a medium degree of FOMO.

The degrees of Bitcoin FOMO
Bitcoin is about to reach the level of FOMO, image by Fundstrat

A false equivalency?

Now, as Bitcoin in inching closer to exceed the psychologically important mark of $10,000, we can expect the highest level of FOMO that will make investors flock in droves to buy the soaring cryptocurrency.

Lee states that $10,000 in 2019 would be mathematically equivalent to $4,500 in 2017, which gives ground to speculations about enormous price gains (BTC reached its current ATH of $20,000 during the highly speculative rally).

However, there are those who are skeptical about this analysis with one user calling it “false equivalency.”

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