These things only applies when you are investing in a good asset or coin. If the coin you’re investing is a shitcoin, then it doesn’t really worth all the stress. Some people are really bad in making choices in the cryptocurrency market, and you would see them investing their money in assets that are not really worth it. They just like to follow the trend, and as time goes on the trend disappoints them.
The best decision you make is investing in cryptocurrencies that would be worth it on a long term, and not just all these one time and one shot coins that would only last just for a short time, and before you know it they will start losing value for good and wouldn’t even get another chance at increasing in value again.
Topic: Bitcoin Fear and Greed index. Don't time the market! (Read 452 times)
After another 4 year (cycle) with the bitcoin halving period, this time, we might have a different outlook on what we call the cycle. If the proposed super cycle happens this year, predicting the market might get more difficult and make every one in the market not different from each other. It get more difficult to hold bitcoin at the price it is attaining now and ROI for holders is declining.
I am sorry to call people who have less than 4 years in the market as newbies. Reasons: they have yet gone through a full cycle of bullish and bearish period so they don't really experience how rosy and bloody the market is in different periods.
Four year is too much for some people, some people can spend 10 years and remain to be a newbie because they are only hearing about most but they do not know what is going on and the facts but for someone that are into crypto for 4 years, study the market and know many things, they will not be called newbies. I am getting what you are saying but we have to consider that people have different cognition and some people learn the past very fast to know the right direction to take.You're right. I saw many people who successful in front of my eyes with their proper research and i am here lol, still newbie.
This is the only time you would really see this fear and greed index would be helpful on which you could presume out that the entire market is on that fear side
where you could really apply your own analysis and made out specific actions basing up on what you do saw.It is right that you shouldnt rely on it since it wont
be accurate but having these things is much better rather than have none because having at least some reference isnt bad at all.
I didn't get what are you trying to say. I mean if I am doing my analysis separately how is this useful? Moreover my very simple question was that what could I have done yesterday after seeing the index. A simple answer from anyone would have been yes buy but what happened today morning was that market tanked $5k and a person would end up in loss.where you could really apply your own analysis and made out specific actions basing up on what you do saw.It is right that you shouldnt rely on it since it wont
be accurate but having these things is much better rather than have none because having at least some reference isnt bad at all.
If you’re able to invest during the bearish time, and hold it till the bull run starts, then you would be making profit while others are trying to rush in out of greed, and when you notice that the greed is high during the bullish times, you can then decide to sell your coins and take your profit before the market starts to fall. So what they OP said really applies to buying and selling. But at the same time you should also try to do technical analysis because it can be quite helpful.
I also agree that fear and greed is lagging indicator. I would call it an indicator even. It just shows the market sentiments which can be judged by the price action too. If the price is falling and making lower lows, this means that people are fearful to invest in that coin or assets. I prefer price actions over any kind of lagging indicator.
Newbies won't notice it but the chart does not lie us. If you are not too sensitve, you won't realize it. On the chart, the psychology of market in January of 2021 and 2022 are totally different. The first one is extremely greed (score is 93) and the second one is extremely fearful (score is 21).
Also, nobody is thinking that when the price was between 30- 35K last year in the first quarter of 2021, the fear and greed index was showing as extreme greed but now the price is at a similar level of 35,000$ but the fear and greed index is at extreme fear. That's how the difference is sentiments at the same price level.
Bitcoin fear and greed index is a good way to time the market but this is not perfect. For example, we are now at extreme greed which means that we should buy bitcoin now but bitcoin can still reach 31K or even below. The same is true for the upside. You may sell bitcoin at 55K as you would see full greed but bitcoin may continue to 65K or more.
This is the only time you would really see this fear and greed index would be helpful on which you could presume out that the entire market is on that fear side
where you could really apply your own analysis and made out specific actions basing up on what you do saw.It is right that you shouldnt rely on it since it wont
be accurate but having these things is much better rather than have none because having at least some reference isnt bad at all.
I didn't get what are you trying to say. I mean if I am doing my analysis separately how is this useful? Moreover my very simple question was that what could I have done yesterday after seeing the index. A simple answer from anyone would have been yes buy but what happened today morning was that market tanked $5k and a person would end up in loss.where you could really apply your own analysis and made out specific actions basing up on what you do saw.It is right that you shouldnt rely on it since it wont
be accurate but having these things is much better rather than have none because having at least some reference isnt bad at all.
If you’re able to invest during the bearish time, and hold it till the bull run starts, then you would be making profit while others are trying to rush in out of greed, and when you notice that the greed is high during the bullish times, you can then decide to sell your coins and take your profit before the market starts to fall. So what they OP said really applies to buying and selling. But at the same time you should also try to do technical analysis because it can be quite helpful.
I think ...if you experienced the price drop from $18 000 to $3000 back in 2017 or after that... you cannot be called a newbie anymore. A lot of people thought that the price will go down to zero back then and it was panic stations all around. The die hard Bitcoiners stuck to their guns and they Hodled right through that.
The reward..... $60 000+ Bitcoin price in 2021 So, what have we learnt from that? ...Answer : Do NOT panic .... hodl for long-term profits, not short-term losses.
The reward..... $60 000+ Bitcoin price in 2021 So, what have we learnt from that? ...Answer : Do NOT panic .... hodl for long-term profits, not short-term losses.
Precisely, but only few can really ignore what is happening right now, despite experiencing the ups and downs of 2017/18 some people still freak out over every market correction, and then the panic mode sets in and give birth to non-stop selling, it is a good thing the weak hands will be gone soon so the market can reverse, honestly we really have more dumb than smart investors in the space, imagine those who bought at top will panic sell for no reason.
. If this is the case, there will be no progress. They don't learn from what happened.I understand, when people buy bitcoins they want profit, including me. But there is something we must understand there. Will we always be lucky? I said no. In situations like that we have to be strong mentally and patiently.
I think ...if you experienced the price drop from $18 000 to $3000 back in 2017 or after that... you cannot be called a newbie anymore. A lot of people thought that the price will go down to zero back then and it was panic stations all around. The die hard Bitcoiners stuck to their guns and they Hodled right through that.
The reward..... $60 000+ Bitcoin price in 2021 So, what have we learnt from that? ...Answer : Do NOT panic .... hodl for long-term profits, not short-term losses.
The reward..... $60 000+ Bitcoin price in 2021 So, what have we learnt from that? ...Answer : Do NOT panic .... hodl for long-term profits, not short-term losses.
Precisely, but only few can really ignore what is happening right now, despite experiencing the ups and downs of 2017/18 some people still freak out over every market correction, and then the panic mode sets in and give birth to non-stop selling, it is a good thing the weak hands will be gone soon so the market can reverse, honestly we really have more dumb than smart investors in the space, imagine those who bought at top will panic sell for no reason.
This is already given, as time goes by FUD are starting to become a normal thing on Bitcoin space.
Another problem we have is those people who are trading with extreme leverage, this is one of the reasons why we keep seeing a huge candle wick on the chart, over-leveraged trading.
Crypto market is volatile and is manipulated by news, leverage, liquidations. Newbies will look at chart and say price tops up or crashes with huge trading volume because of supply and demand. They are wrong. Supply and demand always have its role but in crypto market, it means for long term. Short term, price will be pushed up to top or crashes because of liquidations which are unavoidable after triggering.Another problem we have is those people who are trading with extreme leverage, this is one of the reasons why we keep seeing a huge candle wick on the chart, over-leveraged trading.
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To be honest, a lot of people crying now because of the dump, and I consider those people are "newbies" as if they experienced some huge dumps before especially in January 2018, this thing is normal for sure.
It is normal for experienced guys and with time, some of newbies will grow up, have more experience and become diamond hands. They can do this if they manage to survive through many crashes in the market and still are able to protect or reserve part of their initial capital to continue.Quote
Here's the current Bitcoin Fear and Greed index:
Personally, it will continue to be stucked there for a while. We need a bigger volume from Long liquidation, then short squeeze will occur. 
Not just FUD, some of the FOMOs created are also used by whales to manipulate the minds of novice investors to enter the market, so that the market will move at the price they have set.
(....)
This is already given, as time goes by FUD are starting to become a normal thing on Bitcoin space.(....)
Another problem we have is those people who are trading with extreme leverage, this is one of the reasons why we keep seeing a huge candle wick on the chart, over-leveraged trading.
To be honest, a lot of people crying now because of the dump, and I consider those people are "newbies" as if they experienced some huge dumps before especially in January 2018, this thing is normal for sure.
Here's the current Bitcoin Fear and Greed index:
Not just FUD, some of the FOMOs created are also used by whales to manipulate the minds of novice investors to enter the market, so that the market will move at the price they have set. Anyone can take advantage of well by taking advantage of every moment that occurs in the market. Don't be too greedy and don't be too afraid when you enter the market.
This is the only time you would really see this fear and greed index would be helpful on which you could presume out that the entire market is on that fear side
where you could really apply your own analysis and made out specific actions basing up on what you do saw.It is right that you shouldnt rely on it since it wont
be accurate but having these things is much better rather than have none because having at least some reference isnt bad at all.
I didn't get what are you trying to say. I mean if I am doing my analysis separately how is this useful? Moreover my very simple question was that what could I have done yesterday after seeing the index. A simple answer from anyone would have been yes buy but what happened today morning was that market tanked $5k and a person would end up in loss.where you could really apply your own analysis and made out specific actions basing up on what you do saw.It is right that you shouldnt rely on it since it wont
be accurate but having these things is much better rather than have none because having at least some reference isnt bad at all.
If you’re able to invest during the bearish time, and hold it till the bull run starts, then you would be making profit while others are trying to rush in out of greed, and when you notice that the greed is high during the bullish times, you can then decide to sell your coins and take your profit before the market starts to fall. So what they OP said really applies to buying and selling. But at the same time you should also try to do technical analysis because it can be quite helpful.
Actually, this index is quite helpful in indicating the current mood of the market, but the problem I see is that you cannot buy/ sell based on this index, it's because you will see in bear runs, this index remains in the fear stage while in bull run it stays in the greed stage
Why not?You can not use that index for your decisions if you are a FOMO trader or investor. But if you apply the principle "Being fearful when others are greedy and being greedy when others are fearful", so yes this index can help you to make decisions. Obviously, it won't help you to find out exact bottoms but good enough to base on it and make your entry in bottom range. That's good enough.
where you could really apply your own analysis and made out specific actions basing up on what you do saw.It is right that you shouldnt rely on it since it wont
be accurate but having these things is much better rather than have none because having at least some reference isnt bad at all.
Actually, this index is quite helpful in indicating the current mood of the market, but the problem I see is that you cannot buy/ sell based on this index, it's because you will see in bear runs, this index remains in the fear stage while in bull run it stays in the greed stage
Why not?You can not use that index for your decisions if you are a FOMO trader or investor. But if you apply the principle "Being fearful when others are greedy and being greedy when others are fearful", so yes this index can help you to make decisions. Obviously, it won't help you to find out exact bottoms but good enough to base on it and make your entry in bottom range. That's good enough.
where you could really apply your own analysis and made out specific actions basing up on what you do saw.It is right that you shouldnt rely on it since it wont
be accurate but having these things is much better rather than have none because having at least some reference isnt bad at all.
Actually, this index is quite helpful in indicating the current mood of the market, but the problem I see is that you cannot buy/ sell based on this index, it's because you will see in bear runs, this index remains in the fear stage while in bull run it stays in the greed stage
Why not?You can not use that index for your decisions if you are a FOMO trader or investor. But if you apply the principle "Being fearful when others are greedy and being greedy when others are fearful", so yes this index can help you to make decisions. Obviously, it won't help you to find out exact bottoms but good enough to base on it and make your entry in bottom range. That's good enough.
Actually, this index is quite helpful in indicating the current mood of the market, but the problem I see is that you cannot buy/ sell based on this index, it's because you will see in bear runs, this index remains in the fear stage while in bull run it stays in the greed stage
Why not?You can not use that index for your decisions if you are a FOMO trader or investor. But if you apply the principle "Being fearful when others are greedy and being greedy when others are fearful", so yes this index can help you to make decisions. Obviously, it won't help you to find out exact bottoms but good enough to base on it and make your entry in bottom range. That's good enough.
Actually, this index is quite helpful in indicating the current mood of the market, but the problem I see is that you cannot buy/ sell based on this index, it's because you will see in bear runs, this index remains in the fear stage while in bull run it stays in the greed stage, now technically one should buy in fear stage and sell in greed stage, but this index can last in fear stage for very long periods, for example, the market stayed in "Fear Range" from may 15 to july 26, but similarly, on 16th June it tried to go out of the fear area, now if you would have brought anytime on this day thinking of the end of bear run chances are you would have lost capital because market even touched many lower lows even after this time, similarly even after reaching the greed stage it touches a lot of higher highs, which means this index can just be used to know the market stage, you can't decide your trades based on it.
Previous year at the same time bitcoin price was around $30k-$32k and the bitcoin price increase and reached $66k+ in 2022.Now bitcoin price around $43000+, i Think bitcoin price will be more increase and i hope bitcoin will be more development. Don't be panic and don't miss that great opportunity, buy and hold long time bitcoin. I hope will be get good profit in future.
You can check it with Bitcoin Yearly Lowest price that is a very good chart for considering long term trend of Bitcoin.I made charts for Yearly Highest and Lowest Price
When you look at lowest price that means you are looking at worst performance of Bitcoin in each year. See, the trend is absolutely bullish. What do you need to get profit with Bitcoin? Simply get in and HODL.
Previous year at the same time bitcoin price was around $30k-$32k and the bitcoin price increase and reached $66k+ in 2022.Now bitcoin price around $43000+, i Think bitcoin price will be more increase and i hope bitcoin will be more development. Don't be panic and don't miss that great opportunity, buy and hold long time bitcoin. I hope will be get good profit in future.
I think ...if you experienced the price drop from $18 000 to $3000 back in 2017 or after that... you cannot be called a newbie anymore. A lot of people thought that the price will go down to zero back then and it was panic stations all around. The die hard Bitcoiners stuck to their guns and they Hodled right through that.
The reward..... $60 000+ Bitcoin price in 2021 So, what have we learnt from that? ...Answer : Do NOT panic .... hodl for long-term profits, not short-term losses.
At least, that is a tough situation for people who are still at the crypto as we never imagine that the price will go to that price for some time. But we can smile after that as the price increases and returns to the high price. But still, I will call myself a newbie who needs to learn more about controlling emotion because that happens to anyone in crypto. Panic will possess us to make a fast decision, but the experience will give us advice on what we should do. So yes, it is, do not panic is the key and we must have that. The reward..... $60 000+ Bitcoin price in 2021 So, what have we learnt from that? ...Answer : Do NOT panic .... hodl for long-term profits, not short-term losses.
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