The Bitfinex folks don't want to reveal the formula behind this index #s
Probably because this would give away too much information regarding the overall situation of the platform's trading situation, which could be exploited for attacks. Because of this, they deliberately made the numbers in a way that they can't be explained in a simple way (e.g. like "its the number of USD the average trader is gaining per day")
There is one piece of information, albeit a bit vague, on the
Bitfinex community wiki.
@Myself:
do you notice the people are asking the same question over and over again?
when the users repeatedly ask the same question, even if we developers gave them a pretty darn much precise answer, this is annoying. Those dumb users should really learn to use their brainz
But, taking a step back, it simple means that the answer by the developer didn't answer the user's question.
And this indeed seems to be the point here.
- people see these Bitfinex stats
- people get teased by the numbers
- people don't know if a Greed Risk Score of 492 is supposed to mean much greed or not much greed
- people can't figure out what "greed" exactly means in this context
- "love and are able to make profit" these are just weasel words and don't answer any of the points above
Thus I'd like to propose to you guys the following improvement:
Why can't you just add an
indicative scale of ranges
right at the Bitfinex stats page. Best put this immediately below the given numbers.
For example
0-100 : almost no taking of gains
100-400 : average profit taking
400-800 : heavy gain taking
>800 : rare extreme situation
