Fear & greed index drops below 80 for first time in months

[gotbounty]

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

[aiviaa485]

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.

[dragononcrypto]

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.

[Cryptoz]

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

[ayatoslaw]

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 ))

[Fivestar4everMVP]

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.

[ife2020]

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 ?

[Ferki]

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.