What does it take to generate a significant crypto FOMO wave?
FOMO, or fear of missing out, is defined as a "Pervasive apprehension that others might be having rewarding experiences from which one is absent, FOMO is characterized by the desire to stay continually connected with what others are doing." (Wikipedia) Here is the break down of a crypto FOMO wave: 1- Ad hoc and well-publicized interviews followed by huge bots- operated retweets, Reddit messages, LinkedIn posts, etc. 2- News leak of a "new product" bringing about an unclear "disruption", followed by bots and humans social media amplification. 3- A huge wave of 'wash trading' to generate the appearances of a sudden expanding market liquidity. 4- A massive 'swarm layering' operated in one of the main crypto exchanges across the world to create fake 'support'. 5- 'Arbitrageur' bots push to flatten the market prices upward while 'front-runners' fill up their bags as never before. HFTs and