Bitcoin Forum

According to CoinCarp https://www.coincarp.com/market/fear-greed-index.html (https://www.coincarp.com/market/fear-greed-index.html) data, today’s Fear and Greed Index is 25 (yesterday it was 29), reaching a new low since January 2023. The market sentiment is currently in a state of “extreme fear”

Probably because all the dumpings done by the German Government lately that attracts media attention but the good news is that

https://i.ibb.co.com/LShvHZd/arkham.png

finally they've emptied their wallet and the market can move on, the mt gox distribution is spread to 3 months so I don't think it will be much of an effect, I can be wrong though.

FYI, the greed and fear index in CMC is still at around 40, wonder why it differs with coincarp

This will only make people to panic. Remember that when the market was increasing, it was in extreme greed which means people are buying. The market then started to fall. So if it is in extreme fear, it means people are selling and that would be the start of another bull market because after the bears, bulls will follow.

People should not panic but DCA instead.

Who cares with this shitty coinCRAP site, anyone can create this fear & greed index, then make the index zero (extreme fear), it has no impact to me or educated people who know the reason they hold Bitcoin.

Because the developer of coinCRAP can change whatever they want, they also can change Bitcoin price to $1 Million even though Bitcoin now worth $57K.

I'll make my own index, but it's not going to be a scale:
Fear: 100
Greed: 100
Done!

Nothing permanent bro. There will be a flip soon.


Hmm, So that's a constant, which means accumulating and holding BTC regardless of any market price? Or anything else.. TBH that's not for everyone, At least on the forum only 5% of people can bear it.

There are more sites to get Feer and Greed index and chart.
https://www.lookintobitcoin.com/charts/bitcoin-fear-and-greed-index/
https://alternative.me/crypto/fear-and-greed-index/
https://www.coinglass.com/pro/i/FearGreedIndex

With this index, extreme fear or extreme greed looks to be noticeable and warning times but in a market, there are always buyers and sellers and the matter is not most of them are panic, selling or are fomo, buying but the important matter is you. What do you feel at the time and what is your reaction, activity at the time.

Extreme fear or extreme greed does not mean all people in the market are selling or are buying. There are buyers and sellers, only skew to buyers or sellers at different times.

I don’t see it. I think many people are still very greedy. I don’t see any people going mad over these prices… Dump btc to $20k and you’ll see how real panic looks like. Right now people are buying the dip thinking it can’t go any lower and they are probably right about that but is there “extreme fear”? That’s not the truth at all.

I would say the index is more like 50/100. Doomers and greeders have the same numbers basically.

Let me put it this way: I don't panic sell when the price drops, and I don't sell everything when the price goes up.
My point being: "fear" and "greed" are not one scale that can move to one side or the other. On a personal level, there should be 2 scales and they can move independent of each other.

If you can't handle a 85% drop without panic selling, Bitcoin isn't for you. But that doesn't mean I don't fear it ;)

I prefer the Bitcoin Rainbow Price Chart (https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/), I like how it puts the current price into a historic perspective.

The lovely fear and greed index, and you know the basic rule right? Buy when people are selling, so in context of Fear, buy when people are fearing.

Only BTC pls, don't make my mistake of buying alts during Fear lol they never recover to ATH.