JayJuanGee
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How much alt coin diversification is needed? 0%?


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September 19, 2018, 12:16:47 AM




CNBC Reverse Bitcoin Price Indicator - pump incoming?

I am confused.  If CNBC is a "reverse indicator" then wouldn't such misery index mean that a dump is coming because at this time, they are showing a seemingly high level of current misery, no?  But since they are wrong, then that means, more dump is coming, contrary to the CNBC conclusion that misery is high?




CNBC Reverse Bitcoin Price Indicator - pump incoming?

You can also use this website to understand the dip and the top of the price

https://alternative.me/crypto/fear-and-greed-index/

1 means max. fear
100 means max. greed.

For ex. look at the 6th of February. the index point is 8. very close to max. fear (which is 1) and the BTC was at the dip. at the 7th of February the trend change.
21th of February. The index point is 74 close to max greed. the price is at the top. At the 22th of February the trend change.


Aren't measurements like this a bit inaccurate because they are lumping bitcoin and crypto together?

What the fuck do we care about crypto, overall?

We care about bitcoin, right?

I understand that bitcoin is related to crypto, but I do think that having a bitcoin ONLY measure would cause a bit of a more meaningful misery measurement tool.