Bitcoin Fear & Greed Index

[joniboini]

Well, those who bought between 3000-6000$, they are at a good profit but then again a greed factor comes into play. Most of them will think why we take a 2x profit which this bitcoin halving hype have a potential to reach 3x or more profit.

Those dudes probably sold some of their bitcoins already. If they're smart enough to buy at $3k, I believe they're smart enough to do a proper risk management.

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.

You mean the price should be lower than the current price? I don't think it's overbought yet, at least no until halving comes. Most of them will probably sell it after that and bring the price down further to the $9k range. We'll probably swing around there for other months.

[davis196]

Can somebody explain in details how this fear/greed index is measured?Can you measure emotions like fear and greed?
To me it looks like this is just some made up numbers.This so called index doesn't have any value for the cryptocurrency traders.I guess that it's created for fun purposes only,or maybe to convince some newbies about when is the right time to buy Bitcoin.
Warren Buffet definitely knows how the financial markets works,but he will never reveal all his in-depth secrets.

[ashmodeus]

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.

well , so what u want to say is warren buffet just creating a "distraction" to whales with his words ?
so,how about this,"I don't own any cryptocurrency, i never will."

Bitcoin entered in the greed phase, is it time to take profit ?

i don't even know what "greed phase" mean, what i know just we on halving pump event,and for some reason,i just believe about this halving will be different with previous halving.
the scheme will change,since popularity of bitcoin jumped dramatically in the last few years,mostly people tend to hodl it rather than selling it,maybe some people will take profit inmediately,just go ahead,furthermore,total bitcoin will be created for the next 4 years just 1,312,500 btc,with market demand for btc always high every halving ended,I just speculate prices could be even higher,maybe on 2021.

[imstillthebest]

today and yesterday was the same because price was close  . 

9kusd something wont make people greedy to cashout but i think only small time investors will take this  .  last time was a fearful weak due to covid and the price drop dramatically but hopefully those hardships are over and fear are now slowly being replaced by courage   . courage to hodl  but idk maybe too much buying and hodling is also considered as greed because you are greedy for btc profits

[buwaytress]

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.

Hope dies last, someone I know says. But this index is based on what people do, and all it does is indicate oversold, undersold (to my basic knowledge). It's no more an accurate barometer for trading than any other TA tool, in my mind, and sentiment is a powerful thing in markets. For the rest, who don't trade, this doesn't mean anything.

For those who do, please, move the market. We want you to.

[TheGreatPython]

Everyone and their own way of trading. But to be sincere there is nothing wrong with what you have said, anyone that wants to sell their coins now can go ahead and sell it now.

Just like me, there are times I do have target when I invest in bitcoin and once I reach that my target, I don't hesitate to sell the coins and cash out my profit. And there are also times when I just make up my mind to keep on holding the coins for a very long time without selling them. And you might be right, now that the halving is approaching, there might be a lot of people who are scared that they are not sure of what the halving brings and might decide to sell now since they have made some profit.

[maxreish]

I can say he said some sense of statement for the first time. But I was kinda confused with this guy and I don't also think if he was sincere or just creating another fud.
 
 But anyways, greed always comes to every investors. It's just that we don't just control our greediness that leads to the point of losing profits. I, myself always regrets afterwards because I tend to listen to my greediness. Which gives me some opportunity to change it and set a target profit and limit so we can still be profitable while controlling the greed.

[bkbirge]

[TalkStar]

Quite impressive to see that greed level decreased just in a short time,,,

A clear effect of bitcoin halving which is definitely giving some extra pressure to BTC holders now. Hopefully we will be able to see the clock in the (49-50) neutral zone within next few days. Crypto universe have already seen the half episode of halving drama and significant price changes observed in last couple of weeks. Lets wait for after effect now where IMO bitcoin price will play the key role to clear all clouds from miners community.