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NewsBTC 2022-05-11 19:00:25

Extreme Fear Back In Focus: Is It Time To Buy Bitcoin?

Data shows the Bitcoin market has again fallen back into a state of extreme fear as the price has plummeted down over the past week. Bitcoin Fear And Greed Index Says Market Is Extremely Fearful As per the latest weekly report from Arcane Research, extreme fear has returned to the BTC market, suggesting now may be the time to buy. The “fear and greed index” is an indicator that tells us about the general sentiment among investors in the Bitcoin market. The index uses a numeric scale that runs from one to hundred for representing the sentiment. All values above the “50” point signify greed, while those below the cutoff imply the market is fearful right now. Values towards the end of the range of above 75 and below 25 indicate sentiments of extreme greed and extreme fear, respectively. Historically, bottoms have tended to form during periods of extreme fear while tops have occurred when the market is extremely greedy. Because of this, some investors believe that buying during extreme fear and selling during extreme greed in optimal. Related Reading | Bitcoin Long-Term Holders Start Capitulating Amid Panic “Contrarian investing” is a trading method that follows this idea. Warren Buffet’s famous quote best sums the philosophy up: Be fearful when others are greedy, and greedy when others are fearful. Now, here is a chart that shows the trend in the Bitcoin fear and greed index over the...

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