FOMO : Monero XMR

After a brief dip Monero is on the rise again, according to Cryptocurrency Market (https://coinmarketcap.com/) $142.92 on Monday 28-08-2017 (04.03 GMT). Most observers agree the listing of Monero on the South Korean exchange bithumb will have a positive effect on the Monero price. Newcomers entering this market should note that Monero may have peaked too soon with the possibility of a price fall. My own personal belief is that given the incentives provided by bithumb  Monero’s price is likely jump significantly over the next week or so with the inevitable correction shortly afterwards.

(https://www.bithumb.com/event/e20170823_XMR_open)

For people buying into the Monero market now this presents a FOMO moment.

bithumb deposit address is now open and the listing day is August 30th, 2017 Midnight – although some details may have been lost in translation as the website infers that the 30th is Sunday?!

It is sobering to reflect on the fact that for the first 3 months of 2017 the price of Monero hovered around $12. FOMO strikes again

Fear Of Missing Out

FOMO : Bitcoin Cash

If like me you sold at 500$ or less FOMO is beginning to take hold. At 300$ you thought ‘OK’ long term Bitcoin Cash has nowhere to go so it’s time to sell, after all it’s free money….but now the doubts are setting in. (740$ !!)

Maybe short term to medium term there will be a concerted effort to usurp Bitcoin’s position as the top cryptocurrency with the likes of Goldman Sachs who have been very vocal recently about Bitcoin as a rising asset class. My conspiracy head has just revealed that this is a double bluff and that the establishment finance will be investing heavily in Bitcoin Cash for a ‘pump n dump’. Don’t say you haven’t been warned.

If you still own Bitcoin Cash sell half now and the rest when it gets to 2000$

Arrrrrrrrrrrrrrrrrrrrrgh FOMO !!