Bitcoin Fear & Greed Index | Bitcointalksearch.org

TalkStar

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Quote from: bkbirge on May 12, 2020, 12:14:08 AM

Quite impressive to see that greed level decreased just in a short time,,,

A clear effect of bitcoin halving which is definitely giving some extra pressure to BTC holders now. Hopefully we will be able to see the clock in the (49-50) neutral zone within next few days. Crypto universe have already seen the half episode of halving drama and significant price changes observed in last couple of weeks. Lets wait for after effect now where IMO bitcoin price will play the key role to clear all clouds from miners community.

bkbirge

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maxreish

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I can say he said some sense of statement for the first time. But I was kinda confused with this guy and I don't also think if he was sincere or just creating another fud.

But anyways, greed always comes to every investors. It's just that we don't just control our greediness that leads to the point of losing profits. I, myself always regrets afterwards because I tend to listen to my greediness. Which gives me some opportunity to change it and set a target profit and limit so we can still be profitable while controlling the greed.

TheGreatPython

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Everyone and their own way of trading. But to be sincere there is nothing wrong with what you have said, anyone that wants to sell their coins now can go ahead and sell it now.

Just like me, there are times I do have target when I invest in bitcoin and once I reach that my target, I don't hesitate to sell the coins and cash out my profit. And there are also times when I just make up my mind to keep on holding the coins for a very long time without selling them. And you might be right, now that the halving is approaching, there might be a lot of people who are scared that they are not sure of what the halving brings and might decide to sell now since they have made some profit.

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Quote from: Darker45 on May 08, 2020, 11:08:23 PM

I can only hope people won't fall for this sort of barometer. There are just too many presuppositions, assumptions, and hasty conclusions behind this.

Fear and greed may really be great indicators for investors, but measuring them, never mind accurately, could be impossible and therefore pointless.

For one, a sudden spike of the keyword "bitcoin price manipulation" in online searches does not automatically mean "clearly a sign of fear in the market, and we use that for our index." Interpretations such as this are dangerous.

Hope dies last, someone I know says. But this index is based on what people do, and all it does is indicate oversold, undersold (to my basic knowledge). It's no more an accurate barometer for trading than any other TA tool, in my mind, and sentiment is a powerful thing in markets. For the rest, who don't trade, this doesn't mean anything.

For those who do, please, move the market. We want you to.

imstillthebest

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today and yesterday was the same because price was close .

9kusd something wont make people greedy to cashout but i think only small time investors will take this . last time was a fearful weak due to covid and the price drop dramatically but hopefully those hardships are over and fear are now slowly being replaced by courage . courage to hodl but idk maybe too much buying and hodling is also considered as greed because you are greedy for btc profits

ashmodeus

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Quote from: Sanugarid on May 08, 2020, 11:29:36 AM

Warren buffet is smart enough to know that bitcoin is going to be great, he is just messing with these other whales coz he knows he is very influential.

well , so what u want to say is warren buffet just creating a "distraction" to whales with his words ?
so,how about this,"I don't own any cryptocurrency, i never will."

Quote from: virasog on May 08, 2020, 08:54:58 AM

Bitcoin entered in the greed phase, is it time to take profit ?

i don't even know what "greed phase" mean, what i know just we on halving pump event,and for some reason,i just believe about this halving will be different with previous halving.
the scheme will change,since popularity of bitcoin jumped dramatically in the last few years,mostly people tend to hodl it rather than selling it,maybe some people will take profit inmediately,just go ahead,furthermore,total bitcoin will be created for the next 4 years just 1,312,500 btc,with market demand for btc always high every halving ended,I just speculate prices could be even higher,maybe on 2021.

davis196

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Can somebody explain in details how this fear/greed index is measured?Can you measure emotions like fear and greed?
To me it looks like this is just some made up numbers.This so called index doesn't have any value for the cryptocurrency traders.I guess that it's created for fun purposes only,or maybe to convince some newbies about when is the right time to buy Bitcoin.
Warren Buffet definitely knows how the financial markets works,but he will never reveal all his in-depth secrets.

joniboini

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Well, those who bought between 3000-6000$, they are at a good profit but then again a greed factor comes into play. Most of them will think why we take a 2x profit which this bitcoin halving hype have a potential to reach 3x or more profit.

Those dudes probably sold some of their bitcoins already. If they're smart enough to buy at $3k, I believe they're smart enough to do a proper risk management.

Quote from: Sadlife on May 08, 2020, 08:02:04 PM

Bitcoin's price is extremely oversold and the halving event is coming up and we've seen it many times even if the price is going parabolic and reaches a higher price it just consolidates for a few days or months then continues to pump regardless of fear that it might dump.

You mean the price should be lower than the current price? I don't think it's overbought yet, at least no until halving comes. Most of them will probably sell it after that and bring the price down further to the $9k range. We'll probably swing around there for other months.

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I can only hope people won't fall for this sort of barometer. There are just too many presuppositions, assumptions, and hasty conclusions behind this.

Fear and greed may really be great indicators for investors, but measuring them, never mind accurately, could be impossible and therefore pointless.

For one, a sudden spike of the keyword "bitcoin price manipulation" in online searches does not automatically mean "clearly a sign of fear in the market, and we use that for our index." Interpretations such as this are dangerous.

MCobian

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The most important thing in investing is a mature plan, because we cannot improvise improperly. Once we get out of initial planning that
we have made, can have a loss effect. Do not let fear and greed affect our plans. If our initial strategy is to sell bitcoin at $ 20k, then don't
sell at $ 10k. Even though it is sold at the current price we have produced profit. Believe in a strategy that you made yourself, then the results
will not disappoint. Although there is a possibility of bitcoin dumping prices if not immediately sold, and I felt fear in that. But I still hold the
bitcoin that I have, and I did it not because of greed. But I believe in a strategy that I made myself.

Sadlife

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Warren buffet's knowledge about the Stock market is not applicable to Cryptocurrency space. Bitcoin's price is extremely oversold and the halving event is coming up and we've seen it many times even if the price is going parabolic and reaches a higher price it just consolidates for a few days or months then continues to pump regardless of fear that it might dump.

dothebeats

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If you were the lucky ones who were able to grab bitcoins @ $6000 back in April, $3000-$4000 is already a good profit to harvest IMO. Well, one can always leave a few coins for the sake of gut feeling that it might even increase a little further and just take the capital, otherwise call it quits if you're happy with what you've made. We're entering a territory wherein some traders are starting to feel a little doubtful on whether or not the price can make a push. Afterwards, momentum would be lost and the hype-riders would sell as well.

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Quote from: virasog on May 08, 2020, 08:54:58 AM

Bitcoin entered in the greed phase, is it time to take profit ?

Although this is ridiculous but I think it's time to take profit as well. I am meeting first time with word greed phase but its appropriate word on current circumstance. Because the situation is enough conflicting since FOMO has been spreading about halving occation. I don't know how accurate your greed meter but most likely some people would loss due to this greed behavior on this circumstance. If you ask me then I can say I have take profits and exit for now. Wondering how they will take profits who had bought above $10K price? They are on lists still now, and they have to wait more before halving to take profits. But no one know where will touch before halving, there is chances of sudden dump as well after halving. So take advantage of halving FOMO and get profits would brilliant decision.

BitcoinsGreat

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Quote from: virasog on May 08, 2020, 08:54:58 AM

Bitcoin entered in the greed phase, is it time to take profit ?

You can't be sure if this is the right time to take the profit or wait for 11,000$, 12000$ or even more. If you were to take profit, then you should set your own targets and cash out some amount at 10K, 11K etc. Don't cash out at once as bitcoin can go beyond your exception. This suggestion is for short term holders.
For long term holders, they should wait until bitcoin breaks the all time high.

philipma1957

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At op why say this is the greed phase >

If coins are 12000 on may 19 that will be the greed phase

not 10000 before the ½ ing.

BTW

tell why you are wrong and I am right to use 12000 1 week after the ½ ing

and I will tell you why I am wrong and you are right to use 10,000 before the ½ ing

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Quote from: Nalbo on May 08, 2020, 09:53:20 AM

And don't go with this self proclaimed analyst. All they do is guesses. And are involved in a grand strategy of their own to move the prices to their directions which does not works. Unlike stocks which has other metrics to provide their value like P/E ratio, bitcoin is much different case like gold but with very limited supply.

I agree with you, that green signal doesn't mean much, it is about minutes to see a crash and in that moment the fear will come again to the markets.

It is hard to know what will happen, we are really close to the halving, so, we can expect some crazy moves this weekend.

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I would not trust this criterion. This greedometer is made based on different factors, but we can't know if those who measure them do it correctly. For instance, their surveys include 2-3 thousand people and account for 15%, but it might be a narrow community that is not representative of the majority. And social media analysis can also focus on some things while not seeing other (and that's another 15%). Even if we suppose the greed level is measured correctly, it doesn't mean that it's time to buy (as the op suggested) or that the market is going down (as the explanation of the website with the diagram suggests).

passwordnow

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Your call, we're having a halving and that's why everyone is in greed. But, you don't look to that factor if you are a long term holder. Because, you're foreseeing the future of bitcoin despite what this index is showing you. You can use the experience in the past and start taking your profit and buy back if it dips for a while. Take profit as much as you can but the goal of everyone is to HODL while we can before the greater performance that bitcoin will show soon, might be after a year or so, time will tell.

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Quote from: Coin_trader on May 08, 2020, 10:30:54 AM

All Charts and Indicators are telling us that BTC is currently ovesold. The index above has a basis. It's usual that at certain point. Bulls will be exhausted a price drop is inevitable so taking profit at this current level is great decision rather than becoming greedy that makes uncertainty to your trading.

The speculation on halving is what drives the people to buy more bitcoin that they should, there is nothing wrong with it however they should be very careful of that volatility because the value may run to 100 to 0 in less than a day since we do not have any data that proves that halving makes a huge impact on the bitcoin, yes we did saw it twice but who said that it would?

Quote from: Coin_trader on May 08, 2020, 10:30:54 AM

Warren buffet is a great trader tho. Even tho he hates Bitcoin, His statement about greed has a point tho. That's the psychology of trading.

Sure profit is better than aiming for more profit without any assurance.

Warren buffet is smart enough to know that bitcoin is going to be great, he is just messing with these other whales coz he knows he is very influential.

Topic: Bitcoin Fear & Greed Index (Read 290 times)