Crypto Fear & Greed Index

[enywu]

According to CoinCarp 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”

[JeffBrad12]

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



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

[Oshosondy]

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.

[Solosanz]

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.

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

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.

[LoyceV]

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.

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

[Hamza2424]

According to CoinCarp 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”

Nothing permanent bro. There will be a flip soon.

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.

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

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.

[SilverCryptoBullet]

According to CoinCarp 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.

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.

[mindrust]

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.

[LoyceV]

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

Hmm, So that's a constant, which means accumulating and holding BTC regardless of any market price?

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.

TBH that's not for everyone, At least on the forum only 5% of people can bear it.

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, I like how it puts the current price into a historic perspective.

[slaman29]

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.

[Hamza2424]

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, I like how it puts the current price into a historic perspective.

Haha, here people start making bearish phase speculation on the 10% to 15% and holding patience till the 85% drop seems like in this intense pressure most people will expire. RIP life and dip. An 85% drop won’t just cause panic; it’ll be the ultimate demise.

85% -ve market = Death OTP.

[Adbitco]

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.

I wouldn't even encourage anyone to buy altcoin at this moment seeing the market is swinging nowadays it could caused emotional damage except that person is everly ready to let go without much panicking. I could remembered then when I still hunts  for altcoin the dump I incurred in holding altcoin has seriously though me a great lesson never to hold it instead keep accumulating bitcoin through DCA.

[AVE5]

According to CoinCarp 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”

The outcome of the Fear and Greeds in the Crypto market index is a necessary emotional reactions of investors. Fomo is an act of trying to be safe from losts and greeds acts to gain more profits.
All Investors can't afford to have same reaction on the market otherwise there'd be no attractive season to buy or even to sell.
So the crypto markets would be so devasted with investors reactions.
Looking at the pool of garbage in and garbage out, we'd realize that the need of investors panics to quick sell or exit from the market paves enhancements for bitcoin and other good crypto Coins to gain values where holders holding greedy achieves more and outcome of being insensitive out of greed despites the volatility of the crypto currencies may also earn the greed to lost and then the both Greed and Fear investors are opened spaces for further engagements of investors to buying, hodling and selling while the market Up and Down spring keep promising attractively.

[mindrust]

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.

I wouldn't even encourage anyone to buy altcoin at this moment seeing the market is swinging nowadays it could caused emotional damage except that person is everly ready to let go without much panicking. I could remembered then when I still hunts  for altcoin the dump I incurred in holding altcoin has seriously though me a great lesson never to hold it instead keep accumulating bitcoin through DCA.

Some people accumulate alts not because they want to get rich. They use alts for daily purchases so they want to have some ready in their wallets. Bitcoin transaction fees are cheap lately but it is not consistent and and even though they are cheap now, not cheap enough to make small purchases.

Buying gift cards from bitrefill or a domain name from namecheap for example is much cheaper and faster if you use doge/litecoin. Can you pull it off with btc? You surely can but you will get decimated by the bitcoin miners.

Altcoins have found their purpose. They are real cash (their purchasing power mostly suck like FIAT too) and btc is digital gold.

70% btc,
10% ltc,
10% xmr,
10% doge

is a nice balanced portfolio.

[Adbitco]

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.

I wouldn't even encourage anyone to buy altcoin at this moment seeing the market is swinging nowadays it could caused emotional damage except that person is everly ready to let go without much panicking. I could remembered then when I still hunts  for altcoin the dump I incurred in holding altcoin has seriously though me a great lesson never to hold it instead keep accumulating bitcoin through DCA.

Some people accumulate alts not because they want to get rich. They use alts for daily purchases so they want to have some ready in their wallets. Bitcoin transaction fees are cheap lately but it is not consistent and and even though they are cheap now, not cheap enough to make small purchases.

Buying gift cards from bitrefill or a domain name from namecheap for example is much cheaper and faster if you use doge/litecoin. Can you pull it off with btc? You surely can but you will get decimated by the bitcoin miners.

Altcoins have found their purpose. They are real cash (their purchasing power mostly suck like FIAT too) and btc is digital gold.

70% btc,
10% ltc,
10% xmr,
10% doge

is a nice balanced portfolio.

Apart from trading it's not that cool having them except as you said of using them for mere little transaction than Bitcoin although some other people may not prefer using them while others do, it's just a matter of choice the one to hold and stored in their portfolios. Lot of people are trading them just for profitability and when they noticed some significant drop they pull off their funds before it finally gets down.

[X-ray]

fear and greed index only reflects current state of the market, no correlation at all to what gonna happen in the future, market in fear doesn't mean the market just gonna be doomed.
like right now price bounced despite fear and greed index is at low which means fear.

at best its just an indicator to give us insight that people are scared, that's it, but isn't it a good time to invest if people are so scared they caused the price of bitcoin to be highly undervalued?
I see this fear and greed index as an indicator to DCA more if it hits fear as simple as that  .

[slaman29]

Altcoins have found their purpose. They are real cash (their purchasing power mostly suck like FIAT too) and btc is digital gold.

70% btc,
10% ltc,
10% xmr,
10% doge

is a nice balanced portfolio.

I can get behind what mindrust said about LTC and XMR. Not sure about doge, but I believe online gambling anyway doge will always have its place, until today.

I would still do 80% BTC, and equally between LTC and ETH, XMR only if you really use (for me hard to find people who accept).

These are pretty good to buy when market is fearful, but only if you actually use them. But don't expect ATH. None of these made new ATH when BTC did.

[LoyceV]

Altcoins have found their purpose. They are real cash (their purchasing power mostly suck like FIAT too) and btc is digital gold.

70% btc,
10% ltc,
10% xmr,
10% doge

is a nice balanced portfolio.

I can get behind what mindrust said about LTC and XMR. Not sure about doge, but I believe online gambling anyway doge will always have its place, until today.

I would still do 80% BTC, and equally between LTC and ETH, XMR only if you really use (for me hard to find people who accept).

Long-term, I expect all altcoins to lose against Bitcoin. If you use them for small daily expenses, then it makes sense to keep some. So if you own $1000 in Bitcoin, a couple hundred bucks in low-fee altcoins makes sense. But if you own millions, the altcoin-part still only makes sense if it's a couple hundred bucks. In that case I'd say you should be closer to 99.9% Bitcoin.

[GreatArkansas]

Seems OP is in time, when the fear and greed index dropped a few days ago, the price of Bitcoin now just bounced!
We are now back above $60,000. It just really shows that the $60,000 is really strong, just take a look, from $55,000 then now it's already in $60,000 back.
That dip in fear & greed showed it was the dip before the pump.

[Cryptoababe]

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.

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

I think you are right because CoinMarketCap's fear and greed index is different from CoinCarps' own. So, everyone has the right to make their own fear and greed index.
Currently on coinmarketcap :

Currently on Coincarp: :