Bitcoin Fear Index at 10 | Bitcointalksearch.org

STT

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Some would even say this process of fear vs the prior greed is necessary to weigh excess and for balance, there is a fair argument for it. I dont see how we are at peak fear, I would have guessed us lower in that scenario. Its not a bad conclusion to say a fear reaction thats over done is inversely bullish in a subtle way. However subtle means more open to misinterpretation I think which makes me search for confirmation before really deciding in that way especially.
Right now I need the price to make an attempt back above 39k (confirm with 4hr bars the whole 9 yards Tongue

). US dollar index has been at higher levels for some time now, in a yearly comparison its not exceptionally high but it might be enough to drain the reserves and inflated price of BTC to some extent. We have to withdraw some of that weak hand money basically.

wxa7115

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Quote from: pooya87 on January 16, 2022, 12:30:06 AM

Every time we see a situation like this build up in bitcoin market we end up seeing a purge where the weak hands and panic sellers sell their bitcoins and get out. This creates a drop which we already had and a phase where price doesn't go up or down for a long time (can be called an accumulation phase). This always leads to a big jump after some time followed by a bigger jump as the same panic sellers rush to buy bitcoin at a much higher price so that they don't "miss out".

What is interesting from that process is that as time passes bitcoin flows from weak hands to strong hands, meaning that given enough time even if the majority of the market participants are weak hands the majority of the bitcoin will be held by strong hands.

Meaning that over the long term the volatility of bitcoin should decrease somewhat as the amount of bitcoin that panic sellers control becomes more and more reduced, bringing more stability to this market in the process.

sana54210

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Quote from: Wind_FURY on January 17, 2022, 04:48:22 AM

Plus if we zoom out, it can actually do more than double or triple too.

Bitcoin requires a very low time preference as an investment. It’s not as exciting as fast surging shitcoins, but Bitcoin will remain a good investment than the shitcoins. In 10 years shitcoin networks will die, Bitcoin sill remain to be a robust cryptocurrency for Store of Value because of the design decisions made by the Core developers.

Sometimes the tortoise wins the race, right? I mean sure shitcoins could make 100x return if you are lucky enough, but that is rarely the case in most of the times, whereas when we are talking about bitcoin, we know that it will do as well as it could. If you are not certain that it will be a great deal, then you could always go with shitcoins and risk it and hope that you are right.

However that is not going to be easy challenge, it is going to take a while before you could hit some gem that makes you earn that much money. At the end of the day bitcoin is at the top for a reason and buying it will allow you to be a lot better in the long run.

I personally hope that we could see something decent out of this situation, and that rarely ever comes out to be wrong considering bitcoin almost always goes up in the long run. Someone who buys today will rarely be losing money after 1 year.

Wind_FURY

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Quote from: El duderino_ on January 16, 2022, 05:47:31 PM

Quote from: BitcoinBarrel on January 12, 2022, 12:00:36 AM

Fear is low, will take another 20-30% correction to get the panic selling started. Lots of people got in on the bull run and really think the total crypto market cap can double or even triple in the coming months.

But it actually can double or triple as well

Easily.

Plus if we zoom out, it can actually do more than double or triple too.

Bitcoin requires a very low time preference as an investment. It’s not as exciting as fast surging shitcoins, but Bitcoin will remain a good investment than the shitcoins. In 10 years shitcoin networks will die, Bitcoin sill remain to be a robust cryptocurrency for Store of Value because of the design decisions made by the Core developers.

adaseb

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The issue with these charts is not that they are unreliable, they can be reliable however you need to understand that it can keep dipping further and further and further before it actually bottoms out. Look at the chart in July 2018, it was already at fear. And then it kept going lower.

And when it broke $6K support, it was already very fearful however price still kept dipping. So if you bought at $6K originally you would of suffered a 50% loss at one point. Hence why in this situation, it can still go down to like $30K or even lower before it goes right back up. Not accurate unless you are buying long term positions.

El duderino_

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Quote from: BitcoinBarrel on January 12, 2022, 12:00:36 AM

Fear is low, will take another 20-30% correction to get the panic selling started. Lots of people got in on the bull run and really think the total crypto market cap can double or even triple in the coming months.

But it actually can double or triple as well

Easily.

buwaytress

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Fear/Greed Index wasn't working out as it should be in 2020, didn't pay much attention to it last year, rally invalidated everything, but seems like that 10 hasn't let down now.

Quote from: davis196 on January 16, 2022, 06:08:21 AM

I've always wondered how this Fear&Greed index is being calculated.Emotions like fear and desires like greed cannot be mathematically measured.

Everything can be measured, they use a lot of sentiment analysis behind it, but yeah, that's always a bit suspect for me as most algos can't differentiate between botspam, trolling and actual hopium (heh). I tested two different social sentiment tools for work some time last year and there was just a hell lot of false positives/negatives. Keyword detection too simplistic. Especially when Bitcoin is used just as a hashtag on unrelated posts.

davis196

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I've always wondered how this Fear&Greed index is being calculated.Emotions like fear and desires like greed cannot be mathematically measured.
Extreme levels of fear on the Bitcoin market means panic selling.I don't see any panic selling right now.
Actually the price might start recovering slowly back to 50K USD.
I do believe that the price might be pumped back to 50-68K(or even above 70K) when the spring comes.
The Omicron wave will go away,the tensions between the western world and Russia/China will be settled and the global financial markets will face a rush of optimism.I also really hope that the "powers that be" won't launch another FUD attack over Bitcoin/crypto in the first quarter of 2022.

TheGreatPython

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Quote from: ImThour on January 08, 2022, 05:25:46 AM

What do you think how it will play this time? I am sure we are bouncing back from here in a day or so.

So it means if the fear index is at is extreme high level means market at its over sold region and there are possibilities for bounce back? I guess this is the very first time that I come across about the fear and greed index as most of the trading platforms that I am using not having such indicators as far I have checked with them.

I just want to learn and confirm how to make use of these types of all new indicators for market sentiment. Having the extra edge (with the help of all new indicators) must be more essential in trading so that we could take a right decision well in advance than all other traders which will definitely help in a situations like profit booking.

batang_bitcoin

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Quote from: batang_bitcoin on January 15, 2022, 04:27:42 PM

Quote from: palle11 on January 15, 2022, 08:30:07 AM

Quote from: batang_bitcoin on January 15, 2022, 04:25:43 AM

It's better to see a lot are fearful than greedy. It's more fearful when we see that there are too many people that are greedy. Just always do what the whales are doing.
And if they're buying then do what they've been doing just like these bloody weeks, that's what they did at the start of the year. They're keeping as many bitcoins as they can and preparing of what's about to come as a bull.

An experienced bitcoin trader should already know how bitcoin movement happen that usually after the bull comes correction and the correction can keep dipping until investors starts to enter again. This was what happened during 2018 to 2020 . Whales may not determine market to move when it is already have not got to support level

Whales are even the ones determining their own position, whether they enter at the peak or at the lowest, they're always the market makers and knows when to enter.
It is what people must do, they just have to re-do what they've been doing as a signal to themselves. Also, it's not just about experienced traders but as well as experienced investors.

There’s a common saying that be more greedy while many are in fear, and looking at the index we are on extreme fear which can be a good opportunity to buy more. For sure whales are also doing great right now, they know what to do and buying is the only option for them, once the market recovers they are the ones who will earn more. We should always follow the whales and learn from this, a dump like this should be treated as an opportunity, the future is still bright for Bitcoin so it will rise again.

Yes, that's the famous Warren Buffett quote. And that's why when many are scared, it's the best time for you to think about buying. Be greedy when you see them scared.
And that's why I'm thinking of buying more and having a plan before the surge of recovery comes again. Maybe for a few altcoins and bitcoin as I'm seeing a few of them that I think will recover more than the dump that has came to them.

Poker Player

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This indicator, like others, serves as a rough guide but little more. The regularities plotted on the OP chart are not useful for predicting anything. We have seen it last year with the Bitcoin price predictions based on similarity between cycles, they are regularities that we plot and seem to us that they will continue to happen the same in the future... until they are not fulfilled.

michellee

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When the market is dropping, many people panic and do cut lose their coins, not just bitcoin but altcoin too, because they do not want to see them lose. So it is normal if the fear and greed will always change and if right now, the fear becomes 10, maybe many people really fear to see bitcoin will drop deeper and they will lose a big amount. If they know how to manage their investment and have a strong hand to hold their bitcoin and use the moment to buy more bitcoin, they will not get the effect of the index.

pooya87

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Every time we see a situation like this build up in bitcoin market we end up seeing a purge where the weak hands and panic sellers sell their bitcoins and get out. This creates a drop which we already had and a phase where price doesn't go up or down for a long time (can be called an accumulation phase). This always leads to a big jump after some time followed by a bigger jump as the same panic sellers rush to buy bitcoin at a much higher price so that they don't "miss out".

Dave1

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Quote from: batang_bitcoin on January 15, 2022, 04:27:42 PM

Quote from: palle11 on January 15, 2022, 08:30:07 AM

Quote from: batang_bitcoin on January 15, 2022, 04:25:43 AM

It's better to see a lot are fearful than greedy. It's more fearful when we see that there are too many people that are greedy. Just always do what the whales are doing.
And if they're buying then do what they've been doing just like these bloody weeks, that's what they did at the start of the year. They're keeping as many bitcoins as they can and preparing of what's about to come as a bull.

An experienced bitcoin trader should already know how bitcoin movement happen that usually after the bull comes correction and the correction can keep dipping until investors starts to enter again. This was what happened during 2018 to 2020 . Whales may not determine market to move when it is already have not got to support level

Whales are even the ones determining their own position, whether they enter at the peak or at the lowest, they're always the market makers and knows when to enter.
It is what people must do, they just have to re-do what they've been doing as a signal to themselves. Also, it's not just about experienced traders but as well as experienced investors.

There’s a common saying that be more greedy while many are in fear, and looking at the index we are on extreme fear which can be a good opportunity to buy more. For sure whales are also doing great right now, they know what to do and buying is the only option for them, once the market recovers they are the ones who will earn more. We should always follow the whales and learn from this, a dump like this should be treated as an opportunity, the future is still bright for Bitcoin so it will rise again.

For me the whales are not yet getting in, if they are, then we should be seeing a good move in the prices. So far it is somewhat in between $40k-$43k, if this is moving to $45k then $50k then we can conclude that they are buying in this dip and taking advantage of the fear index, but they are not. Maybe they are waiting, or just shifting their attention to other markets. But definitely, they are keeping a close eye. Even us ordinary are also doing that, but we are not mover though, unfortunately. Still the whales are, but we can go and ride with them, so to speak.

batang_bitcoin

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Quote from: palle11 on January 15, 2022, 08:30:07 AM

Quote from: batang_bitcoin on January 15, 2022, 04:25:43 AM

It's better to see a lot are fearful than greedy. It's more fearful when we see that there are too many people that are greedy. Just always do what the whales are doing.
And if they're buying then do what they've been doing just like these bloody weeks, that's what they did at the start of the year. They're keeping as many bitcoins as they can and preparing of what's about to come as a bull.

An experienced bitcoin trader should already know how bitcoin movement happen that usually after the bull comes correction and the correction can keep dipping until investors starts to enter again. This was what happened during 2018 to 2020 . Whales may not determine market to move when it is already have not got to support level

Whales are even the ones determining their own position, whether they enter at the peak or at the lowest, they're always the market makers and knows when to enter.
It is what people must do, they just have to re-do what they've been doing as a signal to themselves. Also, it's not just about experienced traders but as well as experienced investors.

rhomelmabini

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Quote from: Baofeng on January 15, 2022, 10:38:21 AM

Quote from: rhomelmabini on January 15, 2022, 09:33:37 AM

Quote from: pinggoki on January 12, 2022, 03:08:59 AM

Quote from: BitcoinBarrel on January 12, 2022, 12:00:36 AM

Fear is low, will take another 20-30% correction to get the panic selling started. Lots of people got in on the bull run and really think the total crypto market cap can double or even triple in the coming months.

I don't know about that but I think that people are starting to panic sell already if not have done it already, pretty sure that a lot have panic sold when bitcoin dipped in 40k but you're right that it's a bit low but a low fear index don't mean that there's not a lot who has already sold. Hopefully many people deserving of profit, get something out of this current situation.

The question is why? Are they panicking over Omicron? Well, that's something panicking about but I think people should know in the first place that even at the start of the pandemic Bitcoin has been x30 up during that dip and if they ever sold then it's another mistake from paper hands. I am hoping this is just a bear trap or something and having this extreme fear may consider a buying opportunity as well.

It's normal though, I mean it is a new variant much worst that Delta so it's new and people are going to panic because it's unknown and we don't know the effects of it. So the market was really affected by it and we are still in the process of recovery, but it will take some time though as the sentiments of the market or the fear index is 10 as per OP. Although they tool is not to be used as a gauge in my opinion.

I know it's a normal thing but hopeful this too shall pass and whatever might happen from here on out we will still gonna make it. I know this isn't the best tool to rely on as it's too broad and even if we past the 10 or the extreme fear in short amount of time there's still chance that it may comeback again in this level. Not that I'm too engaged right now but I'm still waiting on the sidelines and ready on what scenario may play.

wxa7115

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Quote from: cafucafucafu on January 08, 2022, 03:32:18 PM

It's funny how people are panicking right now, and these are the same people who were FOMOing hard at the top.

At the end of the day the bull market was always going to be unsustainable, and everyone should have known that. There was no way that BTC was going to grow at 300% APY no matter how much people try to convince you otherwise.

People lost a lot of rationality during this bull market due to the Fed's easy monetary policy and QE. Now that is reversing, overleveraged traders will be in for a rude shock, as well as retail investors who only know low interest rate environments as the norm.

That makes sense, I was wondering why the fear index was so high when in my opinion bitcoin is not doing anything to justify such a strong reaction from traders and investors.

But if what those people are fearing is that the printing machine slows down and they are caught in a leveraged trade then it makes sense they are afraid, after all even when we are during a bull market the price of bitcoin can go down at any moment, and when that happens you better have a solid stop loss and money management strategy, otherwise the losses that can be incurred are massive.

Baofeng

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Quote from: rhomelmabini on January 15, 2022, 09:33:37 AM

Quote from: pinggoki on January 12, 2022, 03:08:59 AM

Quote from: BitcoinBarrel on January 12, 2022, 12:00:36 AM

Fear is low, will take another 20-30% correction to get the panic selling started. Lots of people got in on the bull run and really think the total crypto market cap can double or even triple in the coming months.

I don't know about that but I think that people are starting to panic sell already if not have done it already, pretty sure that a lot have panic sold when bitcoin dipped in 40k but you're right that it's a bit low but a low fear index don't mean that there's not a lot who has already sold. Hopefully many people deserving of profit, get something out of this current situation.

The question is why? Are they panicking over Omicron? Well, that's something panicking about but I think people should know in the first place that even at the start of the pandemic Bitcoin has been x30 up during that dip and if they ever sold then it's another mistake from paper hands. I am hoping this is just a bear trap or something and having this extreme fear may consider a buying opportunity as well.

It's normal though, I mean it is a new variant much worst that Delta so it's new and people are going to panic because it's unknown and we don't know the effects of it. So the market was really affected by it and we are still in the process of recovery, but it will take some time though as the sentiments of the market or the fear index is 10 as per OP. Although they tool is not to be used as a gauge in my opinion.

Ararbermas

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I don't know if fear and greed index and candles stick has the same thing when it comes technical analysis, because you if yes we cannot say market will bouncing base only on that structure, i mean we need more results like as usual since the graph is showing a not clear hig highs. Just saying because to be honest i can't understand and at the same time why there's a 19 then after is 10 even the last price price is higher. Lol please enlighten me.. Grin

rhomelmabini

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Quote from: pinggoki on January 12, 2022, 03:08:59 AM

Quote from: BitcoinBarrel on January 12, 2022, 12:00:36 AM

Fear is low, will take another 20-30% correction to get the panic selling started. Lots of people got in on the bull run and really think the total crypto market cap can double or even triple in the coming months.

I don't know about that but I think that people are starting to panic sell already if not have done it already, pretty sure that a lot have panic sold when bitcoin dipped in 40k but you're right that it's a bit low but a low fear index don't mean that there's not a lot who has already sold. Hopefully many people deserving of profit, get something out of this current situation.

The question is why? Are they panicking over Omicron? Well, that's something panicking about but I think people should know in the first place that even at the start of the pandemic Bitcoin has been x30 up during that dip and if they ever sold then it's another mistake from paper hands. I am hoping this is just a bear trap or something and having this extreme fear may consider a buying opportunity as well.

Wexnident

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Ehhh doesn't that mean it's a buying opportunity? I mean, I guess in the first place you shouldn't exactly turn to a fear and greed chart to base your investments on, but in general just looking in the market it's a pretty good buy opportunity if people are looking to invest. I mean, it's a lot better than buying at the peak no? At the end of the day, the crypto market is a volatile one, seeing people pretty fearful of what's going to happen is pretty normal, but again, these are buying opportunities. Instead of avoiding the risks, take them, they're the ones that could give you the profit that you really want.

palle11

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Quote from: batang_bitcoin on January 15, 2022, 04:25:43 AM

It's better to see a lot are fearful than greedy. It's more fearful when we see that there are too many people that are greedy. Just always do what the whales are doing.
And if they're buying then do what they've been doing just like these bloody weeks, that's what they did at the start of the year. They're keeping as many bitcoins as they can and preparing of what's about to come as a bull.

An experienced bitcoin trader should already know how bitcoin movement happen that usually after the bull comes correction and the correction can keep dipping until investors starts to enter again. This was what happened during 2018 to 2020 . Whales may not determine market to move when it is already have not got to support level

Lucius

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Quote from: hugeblack on January 15, 2022, 02:36:21 AM

Can someone explain to me how these scales work? Or how to collect data and determine the measure of fear or anxiety?

Out of curiosity, it would be interesting to find out, but in the big picture, such data are more than insignificant and serve to manipulate the market. The fear we are talking about here stems from the fact that more than 80% of Bitcoin investors do not understand even some basic things, you easily sell them a story about China or Kazakhstan as many times as you want and they bite the bait.

Quote from: hugeblack on January 15, 2022, 02:36:21 AM

In general, some still expect that the price will go to $100,000, and since the excessive optimism has ended (before the end of December), I expect that we may see more green candles soon.

With the exception of last year, January and February were not part of the year in which Bitcoin made any gains, and over the years it has been thought that this is because it is time to file taxes. In addition, realistically speaking, this is the period that comes after the big financial spending for the Christmas and New Year holidays, and now is the time to tighten the belt a bit.

Add to that a pandemic that is literally raging around the world, and it is predicted that in the next 2 months as many as 50% (250 million) of the EU population will be infected + inflation that is visible at every turn, I would conclude that the price Bitcoin currently holds is more than decent.

batang_bitcoin

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It's better to see a lot are fearful than greedy. It's more fearful when we see that there are too many people that are greedy. Just always do what the whales are doing.
And if they're buying then do what they've been doing just like these bloody weeks, that's what they did at the start of the year. They're keeping as many bitcoins as they can and preparing of what's about to come as a bull.

OgNasty

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I am still a bit let down we didn't see a massive bubble and pop that would have put Bitcoin all over the news and created lots of amazing content to enjoy. I don't really understand where the fear comes from. We still seem to be stuck in a trading range since breaking out early last year to new highs. Granted it's a large trading range, but nothing to be fearful of, at least not yet... I read somewhere that if your mood is effected by the volatility of an asset, then you are too overexposed to an asset. That's how you know.

Don't be fearful, be more diversified.

hugeblack

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Can someone explain to me how these scales work? Or how to collect data and determine the measure of fear or anxiety?
Funny that about a year ago I sold some bitcoin at $41,000 when bitcoin first rose from $10k to that top and today I don't want to sell at these levels because I think the price is too cheap.

In general, some still expect that the price will go to $100,000, and since the excessive optimism has ended (before the end of December), I expect that we may see more green candles soon.

adaseb

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So the fear right now is 10 and back in Nov-Dec 2018 when all hell broke loose and bitcoin broke $6K support and kept going down and down and down to $3.5K the fear was only 11. This gauge just doesn't seem that accurate. I don't think there is more fear now than in Nov/Dec 2018. Back then people were thinking bitcoin is going to $1K. Right now many people still think its going to go to $100K.

Also the fear during covid was 9, and I remember trading that day when Bitmex went down, and let me tell you. There is no way if BTC breaks $40K again and heads down to $35K and the fear prints a 9 that its as fearful as the march covid19 sell-off. Its either that or there are just more retail hands now which are way more fearful than the previous cycles.

Gozie51

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Quote from: BitcoinBarrel on January 12, 2022, 12:00:36 AM

Fear is low, will take another 20-30% correction to get the panic selling started. Lots of people got in on the bull run and really think the total crypto market cap can double or even triple in the coming months.

You mean price is going to keep falling with the percentage you reference. This may not be that way, 20% to 30% fall in price won't be good for bitcoin and I don't expect that incident of 2018 to repeat this time. Meanwhile bitcoin continue to recover after a fall and that gives hope for hodlers to hang on for the next bull.

pinggoki

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Quote from: BitcoinBarrel on January 12, 2022, 12:00:36 AM

Fear is low, will take another 20-30% correction to get the panic selling started. Lots of people got in on the bull run and really think the total crypto market cap can double or even triple in the coming months.

I don't know about that but I think that people are starting to panic sell already if not have done it already, pretty sure that a lot have panic sold when bitcoin dipped in 40k but you're right that it's a bit low but a low fear index don't mean that there's not a lot who has already sold. Hopefully many people deserving of profit, get something out of this current situation.

STT

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Fear could be worse but the wider market expects hard money from FED policy which means the fear could have a wide breadeth rather then especially focused on Bitcoin or crypto alone. I doubt we get anything close to hard money but the idea and withdrawal of speculative money is real enough to bring us back to previous pricing.
Its not nearly as bearish as it could be, price recently has been capped by the 2 day average but is breaking past that to challenge the 7 day average. Its only a rough measure of momentum but even selling can become exhausted and so we naturally challenge higher prices and the cycle changes.

BitcoinBarrel

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Fear is low, will take another 20-30% correction to get the panic selling started. Lots of people got in on the bull run and really think the total crypto market cap can double or even triple in the coming months.

Fundamentals Of

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Maybe not in a day or two but the bounce will be guaranteed to happen. I could bet all my wealth in it. That's what I'm saying especially to some friends who are now also feeling the fear that the market seems to cause.

There is no reason to panic really. Any market will experience highs and lows. There is no market that is always bullish. There should be that bear season because it cannot be avoided for some people to sell. And when the selling pressure is strong, it is logical that the price will fall. But the selling cannot be stronger than the buying all the time.

GreatArkansas

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Here's the current Bitcoin fear index.

It looks like the 20 index is acting support here, it's just bouncing. So this could be the start of the accumulation area if ever 20 will hold.
With the last year, it seems the lowest was 19. So, it's more likely we are testing it again now.
But the worst was dropping at 10, awts.

Overall, for me, 10-20 is my bid area. Even if you check RSI indicators, it is showing that those area also oversold area.

Kemarit

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Quote from: rhomelmabini on January 08, 2022, 03:55:12 PM

Was it a proven tool that if it goes to that level we could bounce back? If so that's a great but we may never know as it could go lower since 10 isn't the lowest yet. Maybe we just need some silence from here on out then comeback again for the next month or two.

I think that 39600 was the best support we've got right now and if it broke that I don't know but will keep on waiting.

Luckily, the support level at $40,000 is still holding so for now we are safe that it won't go down at least for now. But in any case that support is broken then it could be a buying opportunity for all of us. Of course there is still a chance that we will come back again, but reading the price movement and the technical analysis, we might be in a rude awakening that the bear market is for real and it's staring at us right now. But let the dip be our friend and look at it as a buying opportunity.

rhomelmabini

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Was it a proven tool that if it goes to that level we could bounce back? If so that's a great but we may never know as it could go lower since 10 isn't the lowest yet. Maybe we just need some silence from here on out then comeback again for the next month or two.

I think that 39600 was the best support we've got right now and if it broke that I don't know but will keep on waiting.

cafucafucafu

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It's funny how people are panicking right now, and these are the same people who were FOMOing hard at the top.

At the end of the day the bull market was always going to be unsustainable, and everyone should have known that. There was no way that BTC was going to grow at 300% APY no matter how much people try to convince you otherwise.

People lost a lot of rationality during this bull market due to the Fed's easy monetary policy and QE. Now that is reversing, overleveraged traders will be in for a rude shock, as well as retail investors who only know low interest rate environments as the norm.

thecodebear

hero member

Activity: 2240

Merit: 848

Yeah it is definitely starting to look like indicators of the bottom are starting to flash. I'd be pretty surprised if bitcoin isn't heading up by end of the month, or at least next month. Fear is at a high with loads of people saying crypto winter is here (just like in July), some death cross is being hit right now which tends to be a lagging indicator, other technical and support signs suggest a possible bottom around $38k - $40k. I'd say there's a good chance that in a month or two all these panic sellers are buying back in higher and everyone is talking about how this was such a healthy correction to a higher long term bottom. That's my take anyway. Always possible that more support levels fall if more people panic, but regardless the downtrend if only going to be a temporary thing, and we're likely most of the way through it in terms of percentage of drop.

mk4

legendary

Activity: 2870

Merit: 3873

📟 t3rminal.xyz

Fear is quite high but still not enough in my opinion. If the markets wanted to do some sort of wash-out, we're going to need more blood. Heck, normies on Reddit still aren't panicking it looks like.

But hey, who knows. The Fear Index is very likely to be a bad gauge to use in the first place.

aoluain

legendary

Activity: 2464

Merit: 1387

Great graphic!

Everyone should see this, it might help as an aid to "stop selling" because this is a great "Buy" signal.

I check this a few times per week and "10" is the lowest I have seen since I started checking it.

https://alternative.me/crypto/fear-and-greed-index/

Quote

Why Measure Fear and Greed?

The crypto market behaviour is very emotional. People tend to get greedy when the market is rising which results in FOMO
(Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. With our Fear and Greed Index,
we try to save you from your own emotional overreactions. There are two simple assumptions:

*Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
*When Investors are getting too greedy, that means the market is due for a correction.

Therefore, we analyze the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100.
Zero means "Extreme Fear", while 100 means "Extreme Greed". . .

Wilhelm

legendary

Activity: 1652

Merit: 1265

Fear is the beginning of good things

ImThour

copper member

Activity: 1498

Merit: 1619

Bitcoin Bottom was at $15.4k

What do you think how it will play this time? I am sure we are bouncing back from here in a day or so.

Topic: Bitcoin Fear Index at 10 (Read 421 times)