Bitcoin Fear and Greed Index at 20, drops 8 points from 24 hours ago. From "fear" back to "extreme fear." Feb 2'nd..

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Good evening. Over the last 24 hours, BTC had been holding above $38K USD. But, starting at about 8:00 AM this morning New York City time, the price has been declining. BTC is looking for support around 37K and as I write is at $36,984 USD/BTC. And, at 8:00 PM New York City time on Wednesday, February 2'nd, the Twitter account Bitcoin Fear and Greed Index @BitcoinFear posted an index score of 20. That is a drop of eight points from 24 hours ago. The drop moved the index from "fear" and back into "extreme fear." When index score = 20 was posted tonight, the BTC price was $36,974 USD/BTC. One day ago when the index score of 28 was posted the price was $38,754 USD/BTC. Over the last 24 hours, BTC price dropped 4.18 %, but, BTC is up over the last 7 days by 0.58 %.

Below is a 30-day chart of the Fear and Greed Index values. On the horizontal x-axis is the date, to the left is 30-days prior, and on the right of the horizontal axis is the present date. On the vertical y-axis are the Fear and Greed Index values spanning those dates with 0 at the bottom and 100 at the top.

Why measure Fear and Greed? Crypto bros get emotional. People can get greedy in Bull markets which results in FOMO (Fear of missing out), and sell in Bear markets when FUD (fear, uncertainty, doubt) kicks in. The Fear and Greed Index might help one to better control emotional overreactions by inspiring buying when others are selling, and inspiring selling when others are buying. This index is based upon the current sentiment of the Bitcoin market and algorithms crunch the numbers into a simple meter that can help cut the noise a bit and make things a little more simple to interpret. In the next couple posts, I'll add a little more about the metrics that go into the Bitcoin Fear and Greed Index and its calculation. 

One last unrelated, but important thing. If you don't know about Presearch, read on. Are you using yet to get free $PRE crypto?  Presearch is an internet search engine that'll work on your phone as an app, and desktop computers within web-browsers. When you use PRESEARCH as you would Google for a web search, you get paid a reward in $PRE tokens. Currently, $PRE trades at about $0.20-$0.30 cents ($USD) per token ($PRE Coinmarketcap here), and there are probably more than 1.5 million active users. You can earn from about 1.5 to 3.0 $PRE tokens every day for doing around 30 web searches. The searches can be done back to back, and the reward fluctuates around the price of the token, going down when the token price goes up. Thus, you can even time your daily searches around when the token price swings downward to maximize the rewards. Even just searching "BTC price" using the app counts!  is decentralized, traded on KUCOIN and other similar platforms, and the leaders are vetted, and very vocal via their  is growing, but I think we are still kind of early - woot-woot! Watch for the token to blow up if they make it to COINBASE - get earning now. Sign-up only requires an email, super simple, and they are doing really cool stuff with NFTs and token-staking. In my opinion, leaders in their field. Anyway, please use my referral link to sign up - you'll get $PRE. At this point, Google - meh. I suggest you give  a try and I got a feeling you'll like the search engine results regardless of the rewards - I DEFINITELY have. Did I also mention it can double as an app for your phone, is available in major app stores like Google Play, works great on my Samsung phones and Android systems, works amazingly in combination with BRAVE Browser on desktop computers (FEEL THE REWARD POWER), and I think works great on I-phones and Apple platforms. Don't Google that Bitcoin price, or Google that hot new shitcoin (LOL), instead  it. Thank me later on this one.

I hope BTC hangs on and keeps pushing through all the FUD short-term and I hope this post finds you in good spirits.

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