Bitcoin Fear & Greed Index

[virasog]

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

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 ?

[TalkStar]

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.     

[mk4]

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.

[Nalbo]

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.

[Lanatsa]

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.

[Ucy]

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.

[mk4]

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.

[Coin_trader]

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.

[Assface16678]

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.

[Sanugarid]

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?

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.

[passwordnow]

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.

[kryptqnick]

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).

[seoincorporation]

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.

[philipma1957]

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

[BitcoinsGreat]

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.

[The Cryptovator]

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.

[dothebeats]

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.

[Sadlife]

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.

[MCobian]

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.

[Darker45]

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.