I don't even know how they came up with that number. I'd rather have a survey here in the forum asking people their current level of anxiety.
Most long-term holders are fine with this trend. It's not gaining much but it's not really to low. Personally I'd rather wait for the end of the year to see if we get another "anomaly" like last year.
Topic: According to the "Bitcoin Misery Index", we're ok (Read 117 times)
This is clever. I was just thinking about a tool that measured the number posts around here to see if it could give a figure for fear vs. greed. The only issue with this is you'd need to factor for tense, as in past/present/future oriented posts. And make sure you get your keywords right.
I don't trust Tom Lee and I don't trust that "Misery Index" thing.I am comfortable with the current bitcoin price.If you are an investor and you are frustrated or scared,that's your problem.It's silly that the emotions of the crowd drive the market up or down.I wish we could have more ways to limit the access of emotional/low skills traders to the market. 
Yeah, that's why this post is somewhat ironic. Misery is subjective and it only matters to those who put themselves through suffering. If you don't allow yourself to be bothered by something, you won't be hurt.
I think sometimes these things like "the misery index" are created and talked about so that it can give certain people some reason to feel fine!
in my opinion things aren't fine because some index says so. things are more than fine with bitcoin because of the real potential that it has, because of the growing adoption of it which is not going to be stoppable, because of its decentralization and uniqueness and a lot more reasons.
not saying it is a bad thing though. it is actually a good indicator when you think about how it is being measured but I am just pointing out that when it comes to bitcoin you have to think beyond just short term price.
in my opinion things aren't fine because some index says so. things are more than fine with bitcoin because of the real potential that it has, because of the growing adoption of it which is not going to be stoppable, because of its decentralization and uniqueness and a lot more reasons.
not saying it is a bad thing though. it is actually a good indicator when you think about how it is being measured but I am just pointing out that when it comes to bitcoin you have to think beyond just short term price.
It only took a few hours before the misery from the fall in values to be voiced in the forum
Yesterday. The amount of repeated threads was very noticable.
I also think its silly how the sweaters and panickers come out of the woodwork at any little
fall in price and how that affects the markets.
Long term users of Bitcoin etc. are constantly saying not to panic etc. etc. To no avail really.
Its just weak hands and newbies.
Yesterday. The amount of repeated threads was very noticable.
I also think its silly how the sweaters and panickers come out of the woodwork at any little
fall in price and how that affects the markets.
Long term users of Bitcoin etc. are constantly saying not to panic etc. etc. To no avail really.
Its just weak hands and newbies.
A lot of low skill traders find their way to this forum to pick up useful tips. There needs to be more positivity here to reassure newbies that all is going to be ok, the dip is just temporary
I don't trust Tom Lee and I don't trust that "Misery Index" thing.I am comfortable with the current bitcoin price.If you are an investor and you are frustrated or scared,that's your problem.It's silly that the emotions of the crowd drive the market up or down.I wish we could have more ways to limit the access of emotional/low skills traders to the market.
It is not always "Bitcoin" itself that has the popularity and is valuable. Check every coins that helps to balance the stability of 6k-8k price fluctuation of bitcoin.
It is not always Bitcoin that is always playing the value of crypto, there is no misery at all if your going to deeply research.
The rightful owner of crypto is making a move how can crypto initiate the real currency into reality.
Think about it, every thing that goes fast will crash, try to remember or search last year fast improvement of price of bitcoin. What did happen onward?
Slowly but surely.
It is not always Bitcoin that is always playing the value of crypto, there is no misery at all if your going to deeply research.
The rightful owner of crypto is making a move how can crypto initiate the real currency into reality.
Think about it, every thing that goes fast will crash, try to remember or search last year fast improvement of price of bitcoin. What did happen onward?
Slowly but surely.
That's very true, there are many other coins to factor in as well. But that doesn't really matter because we just need to wait for them to come back again anyway. We understand that the value may be low, and the level of "pain" according to that index is low too, but it always makes a move back up. The key here is patience.
It gave a "buy signal" earlier this year a bit early though. I think it was about two weeks early. I wouldn't be using it as an indicator because a measurement of all trades being closed isn't necessarily a good way to judge the value of an asset. It's just an indication of "pain"
It is not always "Bitcoin" itself that has the popularity and is valuable. Check every coins that helps to balance the stability of 6k-8k price fluctuation of bitcoin.
It is not always Bitcoin that is always playing the value of crypto, there is no misery at all if your going to deeply research.
The rightful owner of crypto is making a move how can crypto initiate the real currency into reality.
Think about it, every thing that goes fast will crash, try to remember or search last year fast improvement of price of bitcoin. What did happen onward?
Slowly but surely.
It is not always Bitcoin that is always playing the value of crypto, there is no misery at all if your going to deeply research.
The rightful owner of crypto is making a move how can crypto initiate the real currency into reality.
Think about it, every thing that goes fast will crash, try to remember or search last year fast improvement of price of bitcoin. What did happen onward?
Slowly but surely.
According to Fundstrat's "Bitcoin Misery Index", we've got nothing to worry about:
https://cointelegraph.com/news/fundstrats-tom-lee-bitcoin-misery-index-indicators-show-the-crypto-isnt-broken
A measurement of the degree of discomfort from investors, it says that we are currently recovering at a level of 39.
More info on how the signal works:
https://cointelegraph.com/news/wall-street-analyst-creates-bitcoin-misery-index-for-traders
This is a very good news that according to bitcoin misery index , we are going ok and there is nothing to worry about and I am also kk with the growth of bitcoin because I know this thing very well that bitcoin is a volatile crypto currency and moreover it is a kind of investment so these factors are responsible for the flactuation in the valuation of bitcoin so if this time the valuation is low then there is nothing to worry about because the time will also come when the valuation will again inflate and this most probably going to happen in the coming months of this year only. https://cointelegraph.com/news/fundstrats-tom-lee-bitcoin-misery-index-indicators-show-the-crypto-isnt-broken
A measurement of the degree of discomfort from investors, it says that we are currently recovering at a level of 39.
More info on how the signal works:
https://cointelegraph.com/news/wall-street-analyst-creates-bitcoin-misery-index-for-traders
The bloodbath can definitely shaken emotional investors. This is just normal when it comes to bitcoin's value. There are fluctuations that are unpredictable. The good thing with this bearish market is that anytime soon there will be bullish trends and longer uptrends that will happen. It's just my own opinion and what goes down must go up so better purchase more bitcoin now for it's on a huge discount and enjoy your profits in the near future when bullrun happens.
According to Fundstrat's "Bitcoin Misery Index", we've got nothing to worry about:
https://cointelegraph.com/news/fundstrats-tom-lee-bitcoin-misery-index-indicators-show-the-crypto-isnt-broken
A measurement of the degree of discomfort from investors, it says that we are currently recovering at a level of 39.
More info on how the signal works:
https://cointelegraph.com/news/wall-street-analyst-creates-bitcoin-misery-index-for-traders
https://cointelegraph.com/news/fundstrats-tom-lee-bitcoin-misery-index-indicators-show-the-crypto-isnt-broken
A measurement of the degree of discomfort from investors, it says that we are currently recovering at a level of 39.
More info on how the signal works:
https://cointelegraph.com/news/wall-street-analyst-creates-bitcoin-misery-index-for-traders
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