"Huge Risks = Huge Rewards but it also can equal Huge Losses. You still want to play?" ~ Charles Fuchs.
HEY STACKERS!
A few months ago, I ran into a website that I found on Twitter that measures "The Fear & Greed Index" for Bitcoin and others cryptocurrencies. 👻
What does this "Fear and Greed Index" Measure? Everyday, they analyze the emotions and sentiments from different sources and crunch them into one simple number. 🔢
Where are we at Today? Here are the stats:
- Now: Extreme Fear (21)
- Yesterday: Extreme Fear (18)
- Last week: Extreme Fear (25)
- Last month: Fear (39)
By looking at the charts, the markets tend to rebound huge when most people are Extremely Fearful at a rating below 10.
How accurate are these guys? Are their sources reliable? Who Knows! Here is a snapshot of how they measure the fear and greed in the markets.
If you guys are interested in learning more about the "Fear and Greed Index", you can visit their website right here and take a look.
The market is taking a huge tumble right now as I write this. Can we go much lower? I believe we can but it's a possibility that we can bounce from here for a day or two. 🤷🏼♂️
Keep On STACKIN! 💞
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