Bitcoin Fear and Price
With great price appreciation comes great fear! Such is the story of Bitcoin since 2017.
Using Google Trends data, I created a 'fear index' by looking at the volumes of several searches involving terms like 'bubble', 'ban', etc. in conjunction with 'Bitcoin'. I normalized this index by Bitcoin search interest, so it only represents a fear gauge of Bitcoin.
It looks like spikes in fear either precede or coincide with massive bull runs. So the next time you hear the media spreading FUD, it might be a good time to buy!
Please follow me for more crypto news and analysis. Thanks and happy hodling!
Great analysis, this just further reinforces the notion of buying the fear and selling the excitement. It seems crypto is becoming more and more influenced by public opinion.
Thanks! Trying to time the market can be difficult, but I'll keep you guys posted if I see a spike in fear.
I like this. Followed you
Thank you. Followed you as well.
Hey @cbresearch, the markets are pretty crazy right now. Crypto is back to a weird space but I know long term it's still what we're all hoping it will be! Cheers
Yup! Adoption is increasing and I'm confident in the future of crypto. Good luck to ya!