During last year same time the price of bitcoin was around $32000, and the market was completely bullish. This made people go greedy on bitcoin. With time more people got into bitcoin usage as a result of pandemic which made everyone go find opportunities to earn online. The greed is out of the growth.
Today the market has grown even higher, but the bearish move over the last few weeks make people increase the fear whether to invest or wait for an opportunity lower. For Whales it isn't a big thing, but the small holders always fear for buying at the top and mark the profit.
Topic: Bitcoin Fear and Greed index. Don't time the market! - page 3. (Read 452 times)
OP, we are all plebs, and newbies, with some trolls who missed their opportunity. The rich ones who truly made millions have left the forum. Plus I believe REAL FEAR has currently not entered the market. Everyone still agrees with me when I say let’s buy the Dip, and HODL. Hahaha.
I've only been here one full cycle but yeah, you got a point. We're still here because we missed our opportunity OR we never intended to make one (I count some of the mods and old-timers here who very obviously to me already have it made and are just here out of the goodness or trollness of their hearts).
Oh and yes. This? This isn't fear. I wrongly thought we'd purged the bears in 2020, but those who didn't leave are the ones piping out now, not the noobs that all of us are.
OP, we are all plebs, and newbies, with some trolls who missed their opportunity. The rich ones who truly made millions have left the forum. Plus I believe REAL FEAR has currently not entered the market. Everyone still agrees with me when I say let’s buy the Dip, and HODL. Hahaha.
Imho, in order to be correct/accurate, it worth adding that fear/greed states/indexes are not related to the actual price of bitcoin, it's at least related to the trend and it's speed/slope.
Thanks for the clarification. I don't mention it but usually, price will have some delayed effects from Fear and Greed psychology of the market. It is why we have win and lose streaks.It takes time to end greed or fear of the crowd.
In general what you say is correct but I would add that you need to have thoroughly researched the asset you want to invest in and be clear why you want to do it. If you simply invest in a fancy shitcoin because it is going down based on the argument of investing when everyone is fearful, you may find that the shitcoin goes to 0. This is true for investments in general, startups, low cap fancy stocks etc.
This!If people don't do own research and understand (at least basics) of a project they want to invest in and they simply make investment by advice of others, greed, in the end they will exit when they are fearful. Most of newbies do like that in the market.
They don't have to understand about Bitcoin in technical aspects, know how to code, run a full node, etc. but they should know at least
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).
Imho, in order to be correct/accurate, it worth adding that fear/greed states/indexes are not related to the actual price of bitcoin, it's at least related to the trend and it's speed/slope.
In general what you say is correct but I would add that you need to have thoroughly researched the asset you want to invest in and be clear why you want to do it. If you simply invest in a fancy shitcoin because it is going down based on the argument of investing when everyone is fearful, you may find that the shitcoin goes to 0. This is true for investments in general, startups, low cap fancy stocks etc.
Many newbies invest simply waiting for the price to go up, and we have seen threads like that in the B&H section, but if they don't research, don't inform themselves, and simply use the fear and greed index, they are playing roulette.
So, I would invest if people are fearful in bitcoin because I know its intrinsic properties and I am confident that it will have a great long term future. I would not sell if people are greedy unless I consider Bitcoin to be too high a part of my net worth, because I do not see an asset that is going to be superior.
Many newbies invest simply waiting for the price to go up, and we have seen threads like that in the B&H section, but if they don't research, don't inform themselves, and simply use the fear and greed index, they are playing roulette.
So, I would invest if people are fearful in bitcoin because I know its intrinsic properties and I am confident that it will have a great long term future. I would not sell if people are greedy unless I consider Bitcoin to be too high a part of my net worth, because I do not see an asset that is going to be superior.
This topic is for newbies who participated in Bitcoin and crypto market in last 2 years or just a last few months or weeks. 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.
Today, I would like to share a chart for Bitcoin Fear and Greed Index.
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).
It's time to practice and get matured in this market.
If you have time, read two other topics and related resources
Today, I would like to share a chart for Bitcoin Fear and Greed Index.
It's time to practice and get matured in this market.
If you have time, read two other topics and related resources
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