Bitcoin is a large screen where thousands of human eyes project hopes, fears, and illusions.
1. FOMO at the Peak – “Bus Full at the Last Terminal”
2017: When BTC soared to ~$19.8k, many new investors entered—without thorough analysis.
2021: The spike to ~$69k triggered a new wave of retail buyers.
2024–2025: When first breaking above $100k+, many just “boarded” even though the bus has been moving for a while.
2. Panic during a 10% Retrace – “Drizzle, Passengers Run”