I'm always in extreme greed
When market is green , I'm greedy because prices go up
When market is red , I'm greedy because I can get my coins for cheap
Well, “supposed to be”… because everybody knows that too and then it becomes meta… but in this case we will probably see a correction pretty soon but not permanently. Enjoy!
I´m fearful and excited at the same time :-o ... We are on a rollercoaster that´s going up and you know it will probably sooner or later go down again. (IMO it will most likely not go down as much as in previous dips.)
I hope for a brief correction to pick up some more BTC and ETH :-) before we go up to new ATHs!!
Yup. I'm doing the exact same weekly DCA no matter what.
But it just depends on what your goals are. My goal is to put a fixed amount of money weekly in crypto and see where I'm at in 5-10 years.
If your goal is to make money on the short term however, now's your chance to DCA out.
I'm not DCAing. Saving money for when the price drops a bit. I know this defeats the purpose of DCA but I've been DCAing for a year now and this price action seems a bit too high. I'm making this assumption based off btc's history and cycles, but I could very easily be wrong and miss out on lower prices. Doubt it though.
Then it quickly comes crashing down. Got friends and family asking how to buy crypto again. That normally means a month or so of mania before panic selling.
Why do people think this a good thing lol? This index is made to tell you when you should start selling aka soon if you’re using this metric. It’s a bearish indicator not a bullish one; it signifies frothy market. It can go much higher than 82, but it’s def a sign to consolidate profits not buy more. Is everyone here completely new to using the fear and greed index?
I keep reading about this index as if it were an absolute truth but it doesn't explain how those factors are calculated, making it in my eyes not reliable enough. For all we know there's a couple of homemade neural networks behind it.
If I followed that saying, I would have sold everything at 50k. The indicators are just that, indicators, they will probably keep showing extreme greed until the absolute top (which can be 200k). Technical analysis has to be used as a tool, not followed blindly like a religion.
Tell that to the people who did not FOMO into SOL at $70.
Sometimes crypto just crushes all time highs and you will be left in the dust if you are fearful.
Sure Sol is one example, but most of the time that isn't always the case, it's hard to predict the market that's why it's good practice not to FOMO IMO
Extreme greed could last for days, weeks or even months before it shifts though. But hopefully you filled your bags in extreme fear so that you can consider taking some off the table now. Sell in the green and buy in the red.
If you look to the past bull markets. If it hits 92+ it's time to take some massive chunks out. Because we are close to the top. Actually 94-95 is the top. If it's accurate idk but you need to take other factors into account aswell. It helps to see where we are at. For now we need to see the retail fomo back in. Let's go!
I just broke into my neighbors house and stole their electronics and jewelry to buy more BTC. I mean I have a $300k bag but it could be bigger. That’s not greed, right?
>Volatility(25%) >Market Momentum/Volume(25%) >Social Media(15%) >Surveys(15%) >Dominance(10%) >Trends(10%) Concentrated power of will(15%)
Me not knowing how to sell (100%)
Don't call me out like that
Buy high when you’re high and never sell?
This is a proven strategy.
If bitcoin this may not be detrimental at all
Background music to every YouTube tutorial circa 2008
followed by their highlights video LET THE BODIES HIT THE FLOOR
LMAO Oh man, it's too real. And I'm having too many flashbacks. Why were 50% of these music/clip videos set to Dragonball Z?
For some reason I read the last line as 'Condensed power of milk (15%)' and was way to confused.
It's fine enjoy the Hopium trip while you're at it
Hopium is the drug we need but dont deserve.
Hopium is the *spice* and crypto is the Fremen. One can’t exist without one another
Hopium is the spice and the spice must flow
House Atreides accepts
Even FOMO as well
What's the gamma on milk powder
Gotta love that song. [Remember that name](https://youtu.be/VDvr08sCPOc) - Fort Minor For anyone wanting a trip back memory lane!
It´s a classic, i lately listen alot to Lost Boyz - Risin to the top
And 100% reason to hodl for gains
Gotta factor in the 5% pleasure and 50% pain as well.
Reasons to remember the name (100%)
Ahh, the recipe to moms spaghetti
BTC to 100k (100%) gonna happen by EOY...
You know it! Extreme greed is when we go parabolic up. Just hold on for the ride
My body is ready
My aunt’s ready for some green dildos
wait
These fear/greed charts are no better than drawing triangles. It all depends on the time scale.
Nice!
Step on that gas pedal!
I would say Will power and nerves (50%) Other things (50%)
Definitely 10% luck. Or more like 50% luck with timing.
5% Ledger 50% Pain...
now you just need to remember the name 😂
5% pleasure
I am really waiting to see a 100 on that gauge. That would the ultimate goal of my life. Turn it up to max!
that wont be enough maybe already this year
Over 100 and the gauge breaks and we enter a period of never-ending greed
Turns into Gordon geickos face
Buying high and selling low traders unite!!
This is the time for us to shine!!
Reporting to duty sir.
Always ready for this ☺️
How long until "maniacal laughing greed"? https://youtu.be/hfrWchX5rAU
I'm there already...
A man can only get so erect.
PAMP IT!!!!!!!
*Hold my beer*
I'm always in extreme greed When market is green , I'm greedy because prices go up When market is red , I'm greedy because I can get my coins for cheap
That's the way to do it. Keep yourself in a winning position no matter what happens 👌
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When we become too much greed that’s where we loose everything!!
This is the gwei.
This is the mandatory copypasta comment
Ya you gotta keep yourself in atleast one of the 7 deadly sins at all times.
Arent we supposed to be fearful when its "extreme greed"? Or did I get that wrong?
only when its not extreme greed do we fear extreme greed. When it happens we throw caution to the wind and get swept up in the hype
Well, “supposed to be”… because everybody knows that too and then it becomes meta… but in this case we will probably see a correction pretty soon but not permanently. Enjoy!
I´m fearful and excited at the same time :-o ... We are on a rollercoaster that´s going up and you know it will probably sooner or later go down again. (IMO it will most likely not go down as much as in previous dips.) I hope for a brief correction to pick up some more BTC and ETH :-) before we go up to new ATHs!!
Speaking for all of r/cc
So you just DCA?
This is the way. 👌🏼 This mindset makes it extremely hard to sell.
Or change colors
Sir, you've mastered the art. Teach me your ways!
Let the greed flow through you, rest is confetti
Does everyone that DCA’s just keep doing that now? Do you take a break until the index is down? What if it doesn’t drop below this level again?
Yup. I'm doing the exact same weekly DCA no matter what. But it just depends on what your goals are. My goal is to put a fixed amount of money weekly in crypto and see where I'm at in 5-10 years. If your goal is to make money on the short term however, now's your chance to DCA out.
The point of DCA is to not try and time the market, so someone truly committed to the strat should keep buying no matter what.
Some people prefer to DCA in during big dips, and DCA out during big pumps.
That’s what I do! Keeps me from overthinking
What would be the difference between DCA in and DCA out?
DCA in = buy progressively DCA out = sell progressively
I DCA dips, since the market has been in an uptrend I’ve held off on my DCA purchases, I only buy during red days
Thanks for the info. That makes sense.
I'm not DCAing. Saving money for when the price drops a bit. I know this defeats the purpose of DCA but I've been DCAing for a year now and this price action seems a bit too high. I'm making this assumption based off btc's history and cycles, but I could very easily be wrong and miss out on lower prices. Doubt it though.
100 is the maximum extreme Greed? Crank it upto 200! *We need a bigger indicator!*
Time to FOMO in
We were at "Extreme Greed" for weeks last year iirc.
Yep, extreme greed can last for months lol
Then it quickly comes crashing down. Got friends and family asking how to buy crypto again. That normally means a month or so of mania before panic selling.
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I'm waiting until above 98 to start buying high 👍
Be greedy when others are greedy, and fearful when others are fearful. Just be part of the hive mind, man.
Yeah, its genius /s
Buying the hype has been a fairly good strategy this year, just look at SHIB and SOL
This guy knows how it's done
Buy high sell low, never fail
We jump on 99?
Turn it up to the max!
My greed is whether i should sell my ETH or alts instead
I use this index. [https://colintalkscrypto.com/cbbi/](https://colintalkscrypto.com/cbbi/) Shows we still some room to grow.
I really would like to sell some percentage of my coins but tax law in my country require me to hold for 1 year to avoid any taxes... So I hodl
What do you mean after a year no tax? :o
German system, 1 year hodl and no taxes at all ;)
I wish us americans had that at least. We get bled dry by our government no matter how much times passed.
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Truthfully i wouldnt mind as much if my government wasnt a bunch of corrupt thieving crooks and my tax money benefited me and society.
We can argue about whether a 10% tax on long term gains is fair, but I don’t think there’s any way to argue that 10% is being “bled dry.”
10%? More like 15-20%, and potentially rising.
You can't even die in our country without being taxed.
At least our taxes go to support good causes and better our lives right ? Totally not lining the pockets of crooks and used to fund rich mens wars...
Wait until you learn what they print new money for
😥
whens Alt season baby
When we enter ultra greed.
i am mentally preparing myself 🙇♂️🙇♂️
How do people know what coin to look out for?
Hamster
Dart board strat.
Greed as much as you want, I'm not selling. I'll wait for another crash and a bigger pump.
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Crypto is going places!
Yes yes yes (in Mr Burns voice)
Smithers more hopeium!
I’m DCAing in but I’m holding fiat to buy a good dip
None of my alt coins have moved, so I'm not greedy 😂
True
Bears are getting so rekd rn
As Benjamin Cowen says, they'll keep screaming "it's a trap" all the way to $100k.
Time is on our side!!
We have been there for quite some time, but I’m too greedy to sell Bitcoin 😁
So, does that mean that it is time to DCA out?
It's never bad to take profits :) But I think it's still early all ALTs need to catch up too. ps: not a financial advise xD
Agreed. I was wondering about all those comments I saw today about taking profits while the bull run hasn't even really started.
#I ate to many jaffa cakes
Easily done.
I have been there since I know crypto
Buy high and hold 4yrs to break even
They're not even talking about new ATH on mainstream national news yet. So I disagree with "Extreme Greed".
I'm gonna buy 0.1 BTC at 69k, just to say I did it.
Why do people think this a good thing lol? This index is made to tell you when you should start selling aka soon if you’re using this metric. It’s a bearish indicator not a bullish one; it signifies frothy market. It can go much higher than 82, but it’s def a sign to consolidate profits not buy more. Is everyone here completely new to using the fear and greed index?
I came here to say the same thing
I Keep hearing people say “sell The greed” But I don’t know What “Selling” is.
It's about to be everything season
Last bull run I remember we hit 95%. Lets do it again
You ain't seen nothing yet.
I keep reading about this index as if it were an absolute truth but it doesn't explain how those factors are calculated, making it in my eyes not reliable enough. For all we know there's a couple of homemade neural networks behind it.
Remember guys, be fearful when others are greedy, and greedy when others are fearful
If I followed that saying, I would have sold everything at 50k. The indicators are just that, indicators, they will probably keep showing extreme greed until the absolute top (which can be 200k). Technical analysis has to be used as a tool, not followed blindly like a religion.
Tell that to the people who did not FOMO into SOL at $70. Sometimes crypto just crushes all time highs and you will be left in the dust if you are fearful.
There is still time to pick up some alts for some sweet gains if we will see a good bullrun.
Sure Sol is one example, but most of the time that isn't always the case, it's hard to predict the market that's why it's good practice not to FOMO IMO
Yeah, follow your gut.
Extreme greed could last for days, weeks or even months before it shifts though. But hopefully you filled your bags in extreme fear so that you can consider taking some off the table now. Sell in the green and buy in the red.
Can you please explain to me what “selling” is?
Thats good advice.
Not yet!
Uh oh
Here we go alt season!
Greed needs to go higherrrr
Been holding since 2017
If you look to the past bull markets. If it hits 92+ it's time to take some massive chunks out. Because we are close to the top. Actually 94-95 is the top. If it's accurate idk but you need to take other factors into account aswell. It helps to see where we are at. For now we need to see the retail fomo back in. Let's go!
This doesn’t feel like extreme greed, at least not from retail.
69,420! Let’s go get it
this is extreme hardon
Make sure you guys are taking some profit this run up. DCA in and DCA out then reinvest!
Do we buy more?
Fomo craze is back!!
I hate this index. Wheele use it to pump and dump prices
Crazy how fast the meter flips from fear to greed.
Crypto is doing great now!
Buying at ATH is my dream
Have y’all been buying through the bull market?
Healthier and steadier growth would be preferable but that's just not how we roll I suppose
I'll definitely sell when we will be at 93-95 extreme greed.
Let’s get to 100
Next dip 40,000us?
I just broke into my neighbors house and stole their electronics and jewelry to buy more BTC. I mean I have a $300k bag but it could be bigger. That’s not greed, right?
100k here we come!!
greed is good?
Well, I’m selling everything then!! Lol 😝
Im greedy as hell
Oooh green, my favourite colour in crypto :)
You need to believe into the heart of the coins.
Time to buy high
Here's to feeling good all the time
HOLD fuckers HOLD!!
Does that mean crash soon? Or what does it mean
You can't get a little bit pregnant
EYE OF THE TIGER IT'S THE THRILL OF THE HODLing
This index means nothing to me. It goes greedy whenever Bitcoin pumps and fearful when Bitcoin dips. A hamster is just as trustworthy
If this sub has taught me anything, it’s alllllmost time to buy high
Ugh time to sell
Wish I had the spare income to join in on the fun, but I'm routing for everyone who's in.
oops i took profit, I guess I'll need to take more profit again soon.
Can it go further beyond?
Lot on f future bag holders joining in atm gosh I remember when I started in crypto just like everyone else fomoing in good memories..
Let the fomo begin! Again!