Topic: Bitcoin Fear & Greed Index - page 2. (Read 331 times)
From the fall of the market price is the bitcoin many people hold and buy a lot of coins because they know the possible outcome of this coin to make a huge market income and profit also with the help of the halving that is every four years happen there is a huge impact on it because every time the halving is coming there are a higher chance that the market price of the coin makes a huge income or profit. If you are a trader, investor, or person who supports the use of the bitcoin you will grab this opportunity to make a huge profit. When the bitcoin reached the 3.6k price this is the dip price of the coin many people bought a lot of bitcoin because by the just movement of the coin you can now earn money. When the price of the coin is still recovering in just a single month is back to the previous price before it falls which is a good sign because there is no halving yet but the price if the coin is already on the for the coming and during the halving, there is a bigger chance that the coin now will reach the previous highest market peak of it and we are now expecting it will become over 20k dollars.
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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.
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 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.
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.
To be fair, since when did Warren Buffett claim to be an "analyst" in the first place? As far as I know, as a person who has watched a lot of his interviews, he never did. He even said that technical analysis doesn't work.
And also, that quote from Warren Buffett was a general quote. He isn't specifically talking about bitcoin or cryptocurrencies.
Is it easy to think right in fear?
Better not to be driven by fear or greed in my opinion... "Invest what you can afford to lose".
I guess the right words here should be "be cautious when others are greedy, buy the dips when others are fearful".
Greed and fear could cause investors to make bad decisions: buy what they can't afford to, or sell all/most of their investments in panic.
Invest what you can afford to lose so you don't get too attached to risky investment. This will also help you to be more focused and in control. You could also go into trading with the required skill/knowledge if you wish to invest more.
Better not to be driven by fear or greed in my opinion... "Invest what you can afford to lose".
I guess the right words here should be "be cautious when others are greedy, buy the dips when others are fearful".
Greed and fear could cause investors to make bad decisions: buy what they can't afford to, or sell all/most of their investments in panic.
Invest what you can afford to lose so you don't get too attached to risky investment. This will also help you to be more focused and in control. You could also go into trading with the required skill/knowledge if you wish to invest more.
Bitcoin entered in the greed phase, is it time to take profit ?
Don't take that quote from Buffett as something binary. Not because people are greedy it doesn't automatically mean that it's a good time to sell, as that's definitely not the only factor you should be taking into account when making such decisions. I don't think you should really be making decisions off a single tool either.
It shouldnt really be a main factor for you to make such decision yet it wont be surprising that several people will consider out these tools as reference and would be add up into their decision later on.
There were lots of tools out there but it isnt really precisely telling on what would you gonna do.It shows greed but doesnt mean that its time to sell off and also why wont question out on how they do
measure out the current market condition? Are they sure that we are already into that level?
Investors do have their own will to make decision basing on what they have saw but they should at least consider lots of factors than sticking into one.
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.
Bitcoin entered in the greed phase, is it time to take profit ?
Don't take that quote from Buffett as something binary. Not because people are greedy it doesn't automatically mean that it's a good time to sell, as that's definitely not the only factor you should be taking into account when making such decisions. I don't think you should really be making decisions off a single tool either.
Every investors have their own plans and strategies. Yeah you can say that after touching 10k zone some investors are trying to hold more on their wallet where other guys are trying to keep them on safer side. I don’t think its a matter of greediness or something over ambitious. Investment always relates with risk and only they get success who can play smartly in crypto world.
Its pretty much common that when bitcoin rise some put them back with profits but obviously they make their entry on different price zone. You have mentioned three different types here but i think in current situation most investors fill the first criteria rather than neutral and fearful investors.
Its pretty much common that when bitcoin rise some put them back with profits but obviously they make their entry on different price zone. You have mentioned three different types here but i think in current situation most investors fill the first criteria rather than neutral and fearful investors.
Source: https://alternative.me/crypto/fear-and-greed-index/
Quote
Warren Buffett described fear and greed as diseases that infect investors in a shareholder letter in 1986. "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful," the billionaire investor said.
Bitcoin entered in the greed phase, is it time to take profit ?
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