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Good evening. Over the last 24 hours, Bitcoin has lost ~1.25 %, from about 41.050K to 40.524K USD/BTC. And, at 7:30 PM New York City time on Thursday, March 17'th, the Bitcoin Fear and Greed Index posted an index score of 25. That is a loss of two points from the same time yesterday. Today, at 25, the index is back into "extreme fear" whereas yesterday, it was at "fear." When the index = 25 was posted tonight, the BTC price was ~$40,886 USD/BTC. One day ago when the index score of 27 was posted the price was $41,135 USD/BTC.
Below is a 1-year chart of the Fear and Greed Index values. On the horizontal x-axis is the date whereby to the left is 1 year prior (Mar 17, 2021) 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 (extreme fear) at the bottom of the y-axis, and 100 (extreme greed) at the top of the y-axis.
The Bitcoin Fear and Greed Index is calculated by a multifactorial analysis of emotions and sentiments from different sources that is crunched into one simple number.
Why Measure Fear and Greed?
People, and crypto markets especially can be very emotional. Greed ensues when markets rise which results in FOMO (Fear of missing out). In contrast, people often sell crypto in irrational fashions after seeing red numbers or FUD (fear, uncertainty, doubt) campaigns. With the Fear and Greed Index, it can help to save oneself from over-emotional overreactions. There are two simple assumptions for this index: extreme fear can be a sign that investors are too worried. That could be a buying opportunity. When Investors are getting too greedy, and the index score is high, that means the market is due for a correction.
The metrics come from contributions as percentages from the following realms for the index as follows: Volatility (28%), Market Momentum/Volume (28%), Social Media (18%), Bitcoin Dominance (13%), Google Trends (13%) - sum 100%.
Some people will buy when the index hits low values, and will chart out technical analysis for the index over time and such but do your own research not investment advice.
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.
Thanks for stopping by. Hope the message finds you in good spirits.
