Bitcoin: is FOMO preventing a natural correction?
"That which goes up..."
Credit to Mark Shepard:
My takeaway: everyone keeps talking about a pullback to $6k, or even $5k, but FOMO is out of control!:
- tons of fresh money getting pumped in daily
- new headlines everyday
- new HIGHS seemingly everyday
- everyone agrees the long term value is YUGE ($25k - $500k!!)
- market confusion with so many forking forks (even the forks are forking!!)
If (WHEN) there is a correction, do you think there will be a catalyzing event, or would it just be everyone confirming the pullback we keep hearing about?
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good post ~!