Altcoins Talks - Cryptocurrency Forum
Earning => Awards, Contests & Voting => Voting => Topic started by: dragononcrypto on January 20, 2021, 04:30:13 PM
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While still registering extreme greed, this index shows that greed as dropped from the highs of 95 to 78 on January 13th as well as today.
Since mid November last year greed has been above 85, but now looks like may leave the greedy levels for the time being.
What do you think, will greed over crypto return soon or will there be a fearful period or return to the norm?
(https://i.imgur.com/1stvmI3.png)
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For me, the data for determining the Fear and Greed Index means nothing. It seems to me that these are fictitious numbers that can be used to manipulate the mood of traders. :)
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Oh my God I don't nothing about chart and graph. But 80 percentage dropping already greeding and fear index . I really don't understand what's going to understand??
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It all depends on bitcoin and COVID-19. If Bitcoin reaches 40k again, the greed scale rises again. If we soon have less dead and infected covid-19s again, that will also have a positive impact on the market ; more money, more investing=higher courses, fomo, higher greed.
The eyes are on Israel right now and investors are accumulating Bitcoin.
Personally I'm greedy and bullish, so I will say YES, very soon ;D
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This is as a result of BTC price run from $10 k o $42k, the funding level is still high but with Whales moving their BTC to exchanges recently expect the price to correct and push out dump money for to the market, this correction is good and healthy for the space but most people will think otherwise
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I think this index will remain up all through 2021 as market is expected to grow big so usually this index stays at the top levels during all bulls or parabolic market seasons.
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The greed of people is impossible to measure. Any numbers about this will be very conditional and relative. Moreover, people's greed cannot change in a short time. Now bitcoin has reached unprecedented price heights and many do not know what to do further: sell or expect further growth in its price. Perhaps that's why the greed measurement index fell.
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I also rarely trust this indicator, but it has a little bit to do with the future price action. The crypto market has been growing well throughout 2020, greed will continually cultivate and quickly return to the highs. Although the price of BTC has fallen below $35K but the total market cap is still above $1T, we have a good reason to believe in the recovery of BTC price and greed.
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Where do you get the data, mate? I am curious about it, I think it is better to enclose it. :)
Well, I guess people who work in crypto nowadays are educated enough. Even newcomers didn't come into the crypto space with zero knowledge about the crypto business. Also, we already have many online sources that people can learn from anywhere. So, people already know about the risks and how to deal with them.
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Probably there are many more people who are aware of the risks in crypto so that they really can manage their emotions, including greedy and also FOMO, FUD, and of course the risks. However, it will also depend on everybody's emotion management. They may have different ways to think and ocnsider.
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Is it data from a survey? I doubt the accuracy of the data since it is difficult to determine the greed or fear of an individual. We don't know how greed or fearful people in the current situation. But I bet many people are getting greedy because of expecting bigger profits in this current bullish trend.
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This latest development on Fear & Greed Index can be reflecting the fact that this bull run is really dominated by institutional money and not by common people like you and me. In my view, measuring greed and fear can be more difficult when we are talking with financial institutions and that can be the reason why there is that significant drop. Anyway, like what someone is saying in this thread, the basis for this conclusion can just be garbage. Still, this can be a news that some people can be curious which can lead them to more cryptocurrency awareness. As far as I know, we are all generally greedy and without regulations and morals at hand everything can be catastrophic.
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I think these are just numbers and nothing else. Since the greed of people is difficult to measure in any way. These charts are conditional in my opinion.
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I'm not an expert reader about graphs, But based on the graph that you posted it was showing some significant increase in Greed during the last quarter of 2020 particularly in December I think the main reason was during that time Bitcoin was on the rise and nearing to break its all-time high record so people buying more than they need. I dont know if that was the case but one thing is for sure the greed was never gone at any given time.
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And yet, despite all this talk, I believe that in 2020 Bitcoin will set new records and even today, investing in Bitcoin for a long period will be very productive. Based on this, I did not consider investing in cryptocurrency a high threshold of greed. In any case, if there were no interest in investments, then we would not have the results that we see in the cryptocurrency market for this period.
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Although this sentence is always found everywhere, not to be greedy and panic. but many people are still doing and experiencing that. these two emotional conditions may really influence what we are doing. Moreover, if we are panic or greedy about something happen right now, it is probably confusing to see this kind of mind in one time
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I feel scared because Bitcoin has found its highest price and I am afraid that it will slowly fall back down.
I am referring to the previous experience in 2017, where at that time all crypotcurrency went up in price and 2018 was heavy because the price dropped drastically, aka Dump.
We cannot blame others because we ourselves can stay away from greed and approach fear.
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Despite nobody voting that the crypto sentiment would enter a fear stage for a while, yesterday did see fear in the market registering 40 for the first time since October last year. Naturally this didn't last long with the strong dip buying yesterday, so now have returned to greedy conditions again at 74. To me it seems likely we will enter a period of "normal" conditions of neither fear nor greed for a bit, or potentially bounce between the two as traders play with the current volatility.
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It is calm enough and sure enough that many more people now can manage their emotions much better. However, newcomers, will always feel fear and also panic when their coins are down or they lose some money only. That is why never be greedy in any kind of trading strategy
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It's a bit fearful for a while, I'm still waiting for bitcoin correction to the $26000 area, some people are a little afraid to enter the market today,
But I have done anticipation if bitcoin continues its trend in the near future, because as long as the market greed is not above 80 it is still safe to enter as long as the bullish trend has started ))
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Well, sincerely, I don't know, I even wonder how this people come up with this type of data, how is the fear and greed thing calculated? Cus right now, it's the only thing on my mind, do they go about asking traders whether their reason for buying bitcoin was because of greed and their reason for selling was out of fear,??
This things to me means absolutely nothing but I guess it's because am not a trader, may be traders really make us of this data to help them make some important decisions during trading.
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I think 78% is still a little too high; and it begs the question why are people so fearful and greedy ? The first lesson in crypto currency is to take care of your emotions; and also trading psychology; how do people still get fudded or fomoed ?
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If you take a close look at the charts you will see that the amplitude at the lowest level (Extreme fear) is exactly what the sign is to buy. Right now there is no fear. For me that would mean that you have to be careful now.