I have to say I have never heard of the Crypto Fear and Greed Index before. I found it while reading some articles on Bitcoin.
Basically it is a measurement to see where crypto is headed. In this case Bitcoin.
Apparently it is the highest it has been in four months. And that is supposed to be a bullish indicator.
From ChatGPT:
"The Bitcoin Fear and Greed Index is a tool created by Alternative.me that aims to measure the emotional and psychological state of the market by analyzing data from various sources such as volatility, market trends, social media sentiment, and volume. The index ranges from 0 to 100, with 0 being "Extreme Fear" and 100 being "Extreme Greed." It is intended to give investors an idea of the current sentiment in the market and help them make more informed decisions."
I am liking it better than Google. That is a whole other post.
Yes, inam taking about price. Why?
Price is good for Hive
Like it or lump it. Agree with me or disagree with me. One thing we all can agree on is when price drops people flee, when price goes up people come back and new people join.
And with the talk about the one million user app, Leo wanting to ramp up onboarding when the new user interface comes online.
Price always plays a roll. Make Hive simple to join, have that viral Dapp. With price people are not going to stay.
Us few HODLers and builders will always be.
Maybe I am wrong.
If we can make onboarding simple, if we get that viral Dapp that people want no matter what... then maybe they, the general population may come, and they may stay.
But while we wait, a bull run will bring them back.
While I wait I will be here. Building. My brand, my stack.
LPUD
Just a note, 150 leo a month. Ya know that is only approximately 5 Leo a day. So unless he'll freezes over I will hit my goal of all 12 months this year. If I cannot earn 150 Leo a month, I will fracking buy them from the marked.
Leo is going places. Hold on to your seats.
Bradley
Posted Using LeoFinance Beta
The greed and fear index is just to figure out the overall sentiment of the market and I think it's hard to trade. So in the end, the long term view is the easiest and investing into solid projects that can survive the bear is the best choice
Posted Using LeoFinance Beta
I absolutely agree with you 💯 👍
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@jfang003! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bradleyarrow. (8/50)
Being a HODLer like you too, I don't pay too much attention to this index to base myself on my operations, because just as you say, they flee and arrive like flies when the price moves strongly. But we think differently.
I just hope the US inflation data continues to fall so the big investors could come back with trust on the market.
Best regards ;).
Thanks for stopping by 😀
I agree with your last paragraph 💯.
!BBH
It was a pleasure, I like reading the thoughts of other users here on Hive, it makes me think better and gives me ideas for studying new projects and information. Thank you and best regards.
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