Here are the reasons listed in the article: Regulation could have the biggest impact South Korea Japan China U.S. regulation There is no «value» to it Volatility can create nervousness A shakeout is coming ICOs (Initial Coin Offerings) Hacking theft of CCs FOMO or
Fear of missing out Bitcoin mining scams Becomes too associated with criminals and rogue states Third parties changing their minds Bitcoin & Blockchain...
Not exact matches
J.P. Morgan CEO Jamie Dimon on the other hand again dubbed
Bitcoin a «fraud» recently, though his company is still catering to his clients»
fear of missing out.
GeniusKp / Shutterstock Whether
Bitcoin's price is destined for six figures or total annihilation, investors keep lining up for
Fear Of Missing Out.
Many investors have likely started to invest in the
bitcoin market
out of FOMO, or
fear of missing out, given that it has sustained its upward momentum throughout the past few days.
The Thanksgiving dinner table conversations helped foster the «
fear of missing out» trend that we saw catapult
Bitcoin both into the limelight and at breathtaking prices.
Bitcoin's price surges past $ 9,000, its fastest thousand - point milestone ever, as «
fear of missing out» drives investors https://t.co/avmjmO6Wqv via @srussolillo
With
Bitcoin rising in price rapidly and more people joining this craze partially
out of the
fear of missing out (FOMO), there needs to be ample places to spend the same.
J.P. Morgan CEO Jamie Dimon on the other hand again dubbed
Bitcoin a «fraud» recently, though his company is still catering to his clients»
fear of missing out.
Fear of missing out — FOMO, as it's colloquially referred to — was often noted last fall as a major wind beneath
bitcoin's wings.
And in mature markets, there's usually less «FOMO» (
fear of missing out) which in
Bitcoin's case increases the volatility
of the asset.
As the
bitcoin price surges, investors dump
out of their altcoinss and into BTC as FOMO («
fear on
missing out») sweeps through the market.
Hence, an increasing number
of banks have started to engage in
bitcoin trading, mostly due to FOMO (
fear of missing out) and competition.
Put simply, the same logic that dictates that a dollar not spent today is worth two tomorrow has caused a worldwide frenzy
of people buying into
bitcoin mainly for
fear of missing out on potential «riches.»
With
bitcoin prices reaching unheard
of levels, the
fear of missing out is proving too strong to resist.
Many investors have likely started to invest in the
bitcoin market
out of FOMO, or
fear of missing out, given that it has sustained its upward momentum throughout the past few days.
Perhaps Art Cashin, UBS director
of floor operations at the New York Stock Exchange, is right perhaps the
Bitcoin rally we are seeing since about August is one big case
of FOMO (
Fear of missing out).