Bitcoin entered extreme fear levels on a fear and greed index today. Here is a screenshot:
Just three weeks ago we were in a “greed” zone with a fear index at 79/100. (7 Sep 21)
For some past reference, here is how the fear and greed index was moving in the past year:
Fear & Greed index stays between 10 and 90 most of the time
I know you are all here for some hopium so let me tell you that buying the fear is a good practice judging on the past price movements. You have my permission to “buy the dip”.
As said we entered “extreme fear” which is a fear and greed index at 25 or below – and we are at exactly 25 right now. Historically we went to about 10 in the worst case scenarios
submitted by /u/CryptoTastesGood
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