That $89,000 Bitcoin peak on April 22nd, 2025? Don’t let the champagne corks fool you. Underneath the celebratory progress, a deep and cynical calm fear is festering. That fear is about to set off the next crypto crash. You may think that everybody’s riding high on profits, but I’m not seeing that. What I’m witnessing is mania to not be the last one holding the bag.

FOMO's Grip

We've seen this movie before. The roaring twenties, the dot-com bubble, the Great Recession. History doesn’t repeat, but it does rhyme, and the crypto market is currently hitting all the right notes. What drives these booms? That’s not thoughtful consideration of the data, or serious due diligence. It's fear.

Think about it. You’ve got Bitcoin blowing through the moon, Ethereum up 8%, even Cardano, that plodding old workhorse, busting 12%. Your neighbor's bragging about their crypto gains. And now, your social media feed is about to be flooded with moon emojis. The pressure mounts. You start thinking, "Maybe I should just put a little in. Just enough to catch the wave."

Humans are social creatures. We take our behavioral cues from the people around us social proof—we’re particularly attuned to this when we find ourselves in unknown environments. The crypto market is unpredictable to say the least. Therefore, when the herd is clearly all buying, the fear of missing out is enough to make getting on the bandwagon impossible to resist.

This is herd mentality in action. It’s the reason why the price of SingularityNET (AGIX) jumped 15% as well, riding the coattails of Bitcoin’s surge, pumped by AI-related bullish sentiment, over the weekend. The link between Bitcoin and AI is pretty flimsy. Yet the hopeful story of promising new technology tempts all to rush in. AGIX even enjoyed a coinciding jump in trading volume, up more than 30% on Binance, surging to the equivalent of 1.5 million tokens traded in a single hour. That's not careful investing, that's a stampede.

Herd Mentality Rules

Remember Pets.com? How about Beanie Babies? The herd rarely picks winners.

I believe one of the most dangerous biases in investing is the tendency to extrapolate recent gains out into the future. We believe that just because Bitcoin is up right now, that Bitcoin must go up forever. This is a classic example of confirmation bias: we seek out information that confirms our existing beliefs (in this case, that Bitcoin is a guaranteed money-making machine) and ignore information that contradicts them (like the inherent volatility of the crypto market).

These technical indicators may be easily obtainable, but are you looking? Or are they just too busy dreaming about yachts and early retirement?

Extrapolating Gains Infinitely

You see, the fear driving this market is not all FOMO. It’s the deeper fear that this can’t go on like this. It’s that nagging fear that all the notes will dry up and the music will come to an end. When it does, a lot of Americans will be left standing without a chair.

  • RSI at 78: Overbought territory. A glaring red flag.
  • MACD Bullish Crossover: An indicator that can lag, leading to false signals.

First, be skeptical. Don't believe the hype. Do your own research. Understand the risks involved.

Second, manage your risk. Here’s the bottom line – don’t put all your eggs in one basket. Diversify your portfolio. Don’t invest more than you’re willing to lose.

Third, resist the urge to panic. When the market does crash, remember not to sell at the bottom. Third, keep your eye on the original prize.

  • Profit Taking: Early investors will start cashing out.
  • Regulatory Scrutiny: Governments are circling, and stricter regulations are inevitable.
  • Black Swan Events: Something unexpected will happen. It always does.

The crypto market does have a lot of promise, but it’s not a make money overnight fad. It’s a volatile, recent, speculative new asset class that should be entered into at one’s own risk. Don't let fear drive your decisions. Let logic and reason be your guide. If not, that $89,000 ceiling will be just a bad dream.

You see, the fear driving this market isn't just FOMO. It's the underlying anxiety that this isn't sustainable. It's the nagging feeling that the music will stop, and when it does, a lot of people are going to be left without a chair.

So, what can you do?

First, be skeptical. Don't believe the hype. Do your own research. Understand the risks involved.

Second, manage your risk. Don't put all your eggs in one basket. Diversify your portfolio. Only invest what you can afford to lose.

Third, resist the urge to panic. If the market does crash, don't sell at the bottom. Remember why you invested in the first place.

The crypto market has potential, but it's not a get-rich-quick scheme. It's a volatile, speculative asset class that should be approached with caution. Don't let fear drive your decisions. Let logic and reason be your guide. Otherwise, that $89,000 peak will be nothing more than a painful memory.