Bitcoin bubble index

[notocactus]

This Bitcoin bubble index can be a good extra tool for you to watch the Bitcoin market and be alerted of time when people are starting and probably most FOMO in this market.

It can not tell you when Bitcoin hits its all time high or a peak of bull run but can signal you about time to seriously consider of market exit.

It is from Coinglass.

• https://www.coinglass.com/pro/i/bitcoinBubble
• Coinglass provides some charts but I like two charts for Bubble Index and Google trend
• You can visit Google to get data for Bitcoin-searched Google trend: https://trends.google.com/trends/explore?date=all&q=bitcoin&hl=en

We are like warming up but still calm before a storm too all time high.

[dzungmobile]

It's nearly one yeaer, and with time for Bitcoin correction, is it good time to check Bitcoin Buble Index again?

• https://www.coinglass.com/pro/i/bitcoinBubble

The index is still in low range, Bitcoin Google trend chart stays at low range too, and there is an increase of Bitcoin Tweets.

Do you think about bubble now?
Do you think, oppositely, that this correction is nothing like a bubble, and it's only good opportunity for Bitcoin accumulation?

You can share your thinking about it.

I go first, it's not a bubble, correction is going, but bubble is not here.

[Z-tight]

Do you think about bubble now?

No i don't, i don't even think the word 'bubble' can be associated with BTC right now, it was at the beginning people called BTC a bubble and that the price will fall to zero, all of such people have been disappointed a long time ago, and many of them now buy and use BTC.

Do you think, oppositely, that this correction is nothing like a bubble, and it's only good opportunity for Bitcoin accumulation?

BTC is still above $100k and many people may not see it as a good time to accumulate, especially if they haven't bought any when the price was low. However, for stronger hands, every correction is a chance at further accumulation.

[apogio]

It's funny that it's not explained (in the website) what this index is and what it calculates.

Looks to me like someone wanted to create statistics just for fun and not to solve a real issue.

Bitcoin went up fast enough, it will go down and then up again. Without a doubt, bitcoin is super volatile, we all know that.

[dzungmobile]

It's funny that it's not explained (in the website) what this index is and what it calculates.

Looks to me like someone wanted to create statistics just for fun and not to solve a real issue.

Bitcoin went up fast enough, it will go down and then up again. Without a doubt, bitcoin is super volatile, we all know that.

Another site has it but with similar short description.
https://coinank.com/indexdata/btcBubbleIndex

This indicator was created by Weibo user Ma Chao Terminal and open source on Github.A visualization analysis tool for price bubble of Bitcoin, including basic price information, 60-days accumulative increase, hot keywords index, and bubble index.

Maybe this one https://github.com/aksnzhy/bitcoin-bubble-index