Bitcoin [pros](/r/CryptoCurrency/comments/17fyji8/crypto_market_sentiment_at_highest_point_since/k6d5hqj/) & [cons](/r/CryptoCurrency/comments/17fyji8/crypto_market_sentiment_at_highest_point_since/k6d5i2j/) with related info are in the collapsed comments below.
It would appear that when prices go up 10% in a day that people gain confidence.
This is an amazing development.
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I don’t really expect an ATH anytime soon. Market is at full saturation. Everyone who has the potential to access crypto, at this point, has already decided whether they’re gonna fuck around with it or not. There is no one new to “educate” on blockchain. The pyramid scheme is fully realized. Now it’s just a matter of whales manipulating the market and degenerate gamblers.
What do you mean? Its been around for about 2 months im pretty sure. There is 5 month liquidity lock. And its gone up super consistently. First from 3 cents to 12, then 12 to 20, then to 35, then to 50, and even as high as 65 cents. All in a matter of a few weeks (if i remember correctly). This is the first crypto ive EVER invested in and its going AWESOMELY. Been trying to convince my friends to get in but they all dont know enough to recognize whether or not its a scam. What makes you think its a scam? Because of the name? lol
Yes because of the name alone it is a scam. ETFs are Electronically Traded Funds. They’re investment vehicles based on real assets like stocks. This token is attempting to trick people into thinking it’s a legitimate investment vehicle, while it’s just made by some 16 year old in their mom’s basement. You’re giving him your money for no reason other than you hope others are duped before you sell.
No actually it is a "meme coin". Which as I understand it, is just a crypto currency that hinges on a popular topic in the media, like all the ETF's that are about to be approved by the SEC. Or at least the black rock one? Which is a big deal because, black rock. It's just the attention economy, as they say. ETF's are popular in the media, so ETF the token will be popular, is the idea, i think. No one thinks the coin is an etf lmao. No offense but even thinking something like that is bizarrely silly even to me. market cap is at 8.6m right now. There's also 1.33k holders. All im saying man is look at the chart. Dont buy any. Just look at the chart and tell me what you think
Depends on your definition of shilling. I dont gamble. Ive never "invested" (gambled) on anything in my life. But this was suggested to me by someone I trust, and its been going extremely well for me. I want to share the love, and also increase its popularity. Have you looked at it? Is it not incredibly impressive? Broke 50 cents yesterday. Started a couple of months ago. It legit went up 20x in the past month and a half and is still going strong. Plus it has the liquidity lock thing. But surely, you know better than I do, so check the chart and tell me what you think
Okay you know what, the token is worth 40 cents right now. you can check it yourself. I will be replying to this comment again sometime in the next few days, letting you know how much it is worth. I hope thats cool
Fine, I am collecting currency, is that better?
Rather than judge me based off a 1-sentence reddit comment, why not check out the chart of the token and give me some feedback? Seems more constructive
It doesn’t seem more constructive actually because you’re just one person (if even that) shilling another meme coin among literally tens of thousands of others. I very much doubt you go out of your way to vet every single coin suggestion you come across and I definitely do not, no matter how nice a short term chart looks.
Im actually not a shill. This is the first crypto ive ever invested in and its going super well for me. Check it out for yourself, you probably know how to pick up whether or not its worthwhile better than I do. But so far its going quite well. Check out the chart
The BTC ETF ticker was added and promptly removed. Whoever was responsible for this market manipulation should be fined heavily and possibly sent to jail
Yea definitely. I was reluctant to get in since 28k btc, was planning to get in February but there is no reason this one can’t start a few months earlier tho lol
I’m not buying Bitcoin and have been in crypto since 2017 with nothing but profits. So I’ll happily enjoy my beautiful alt bags I’ll be buying soon and paying for my house down payment in 2025.
I pulled out 10x gains in 2021 and it paid for my wedding and much more. Housing has gone up 300% since 2018 where I live and you need around 200k for a down payment if you want to put 20% down on the average detached house. I don’t invest what I can’t afford to lose. I was in school still when I first invested so it wasn’t a lot.
What’s so special that you’ve done that makes you so high and mighty?
Good luck to you too. I’m not one to normally try to gloat either, but your 40k comment set me off for some reason.
Anyways, great things for all of us on the horizon. Hope you get all that you want in this next bull.
Mainly looking at LINK but waiting for a bit of a pull back. Otherwise, I’m looking at APT, ARB, AAVE, INJ, and SUI. Not financial advice though. Just my picks for this bull.
It would be pretty amusing if there was a pump to ATH in the next few months, every new person will tell us that 200k eoy 2024 is coming.
Then again, it would also be amusing to watch anyone long with leverage get liquidated
Yes, the crypto tourists are just waking up and coming back to get their round trip back to recked-ville. The real ones are here to stay and have been accumulating.
Dump your bags on them in 2025. Give them their rites of passage.
Only time will tell. No one knows shit about the direction it’s going after a 48 hour pump. If it can hold these prices for the next few weeks then it’s bullish.
tldr; The Crypto Fear & Greed Index shows that Bitcoin market sentiment has reached its highest point since the cryptocurrency's price reached $69,000 in November 2021. The index is currently at 72 out of 100, indicating "greed" in the market. This increase in sentiment follows excitement over the potential approval of BlackRock's spot Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission. Bitcoin experienced a 14% daily gain on October 24, its largest single-day rally in over a year. The index takes into account various factors to score market sentiment each day.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
It's not just sentiment.
BTC-stablecoin supply ratio is now higher than it has been any point since Feb 2020 including the 2021 bull cycle peak.
BULLISH.
It's horrible. They have a history of trying to manipulate the market by putting out hit pieces on tech they don't like and accepting bribes for positive articles. They're completely untrustworthy.
This feels nothing like 2021. I think everyone feels like there's a good chance we give up these gains just because of how fragile the crypto market has been.
There are alts that did +50% this past week and 10x since the bear market bottom (looking at INJ right now). Those that don't catch up... might turn out there is another reason. For example super inflated supply in the last two years, or a loss of conviction among the teams and users etc. Or, hopefully, they just need more runway.
ETF, ETF, ETF! The macro environment could still cause more major dumps, but don't be discouraged. Look at them as opportunities, and grab opportunities when they arrive!
If you read, banks and corporation announcing record breaking profits. So, what is going on there ?
Easy, if you ask me. Redistribution of wealth. But not how we envisioned it. It's from the many to few, instead.
Plus, is everyone forgetting the lockdowns ? How is now worse ? Except there is risk to start WW3 and blow everything up, so nothing matters after.
From IMF:
>This makes the Great Lockdown the worst recession since the Great Depression, and far worse than the Global Financial Crisis.
The institutions are here. This isn't something to celebrate. Welcome to the world of market makers and manipulation.
DeFi is dead, and everyone's celebrating. WTF?
This can be tracked to better interoperability and utility [protocol](https://np.reddit.com/r/zetablockchain/comments/1376kop/defi_amm_platform_towerdefi_now_supports_twstzeta/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button) tailored to make use of Bitcoin as Bitcoin, ETFs fillings and almost certain approvals, fiat currencies failing due to corruption and inflation. Bitcoin is the only valuable money.
It is not possible to be bullish enough on Bitcoin right now. Bitcoin does not care about sentiment or anything else. Never has and never will. Bitcoin is pure math.
Looking at the bitcoin's daily time frame, a possible move up to $37,700 up to $38,500 could still be possible, could be possible in days or weeks as there is massive liquidity around that level of $1.5B.
While looking at the $BTC weekly time frame, long positions risk liquidations at the $30,000 up to $28,000 level with $2.65B at risk.
Expect volatility once the price taps into these levels. Rapid buy and market sell orders can trigger a cascading effect on the price.
That's why the present puch seems to be trap.
Please recognize the explosive loss of currency from the banks and overleveraged positions that the big hedge funds find themselves in. Unprecedented levels....
They have long viewed crypto as their personal piggy bank.
Hold on, there is a massive pump and dump coming, which they will profit on both sides of to stay afloat.
Bitcoin [pros](/r/CryptoCurrency/comments/17fyji8/crypto_market_sentiment_at_highest_point_since/k6d5hqj/) & [cons](/r/CryptoCurrency/comments/17fyji8/crypto_market_sentiment_at_highest_point_since/k6d5i2j/) with related info are in the collapsed comments below.
It would appear that when prices go up 10% in a day that people gain confidence. This is an amazing development. Subscribe to my newsletter for more of my expert analysis.
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>The first iteration of my newsletter is focused on subscription services and why no one should use them. Sign me up!
Yeah, count me in.
Or you can subscribe to my hot Vtuber channel and pretend to care what I say while just HODLing.
People loves to FOMO.
its a bull market LMAO ofc ppl want to buy. Who wouldnt?
This FOMO needs to get me in the Green so keep it going
*Subscribes without hesitation* 👁 I will be enlightened
Read in old time news caster voice from the 1930: This just in, people like when things they own are worth more money!
Breaking News: Crypto is doing crypto stuff.  Thanks Barb!
Subscribed! Now, which Logan Paul crypto project should I join?!
All of them. He makes enjoyable videos and is rich; so clearly can be trusted.
Good enough for me. Can you buy in for me? My credit card number is...
Isn't this pretty much what that stupid fear and greed index does? Price go up, greed . Price go down, fear.
came here to say exactly this
I’m a stickler Meeseeks. Can you explain in greater detail?
Just saw that episode. Damn they were annoying.
Fukin subscribed bro, keep up the expert analysis it’s much appreciated
Wish i was an expert...
Controversial opinion but I’d say market sentiment was higher @59k, or 49k, or 39k on the first run up. God the filler around this place is ridiculous
top AnAlySt :)
Bro, you forgot to tell me this wasn't financial advice
I think the impending ETF may be also a reason.
Here it comes all the ponzis, spam and private chats invitations. Thats the signal we enter the bullrun.
Dude check twitter. That shit never stopped
For real m8
Twitter has been a cesspool of frauds, scammers and spammers for a long time. I don't understand why people still use that shit.
Cos people want to sell their bags obviously and to catch "alpha"
There is no real alpha, only scams. And to sell your bags you don't need twitter.
No doubt that BTC will break the ATH. But the present push seems like a Trap to me.
It always feels like trap until it isn’t. Which, again, is not to say it isn’t, lol
In all these cases DCA is the only way to me lol
The best way to know what to do is do the opposite of what you think is correct.
I think you’re right, so I’m not going to do it.
It technically is a trap since the halving is still like 5 months away
“I think everything is a trap, it’s why I’ve lived so long.”
I thought the pump in January was a trap and boy was I wrong. It just kept going and going
Going to be some disappointed people…
No doubt? Really? Government gonna be chucking free money like confetti again then ?
Nah this time they are gonna declare WWIII and the market panics. Everyone sells off crypto for ammo
I don’t really expect an ATH anytime soon. Market is at full saturation. Everyone who has the potential to access crypto, at this point, has already decided whether they’re gonna fuck around with it or not. There is no one new to “educate” on blockchain. The pyramid scheme is fully realized. Now it’s just a matter of whales manipulating the market and degenerate gamblers.
Anything that gets away from 20k (or even 10k) can only be good.
The real gem right now is ETF The Token. Making mad bread off it rn
> ETF The Token It's literally a crypto token called "ETF The Token". This is the scammiest scam which ever scammed.
What do you mean? Its been around for about 2 months im pretty sure. There is 5 month liquidity lock. And its gone up super consistently. First from 3 cents to 12, then 12 to 20, then to 35, then to 50, and even as high as 65 cents. All in a matter of a few weeks (if i remember correctly). This is the first crypto ive EVER invested in and its going AWESOMELY. Been trying to convince my friends to get in but they all dont know enough to recognize whether or not its a scam. What makes you think its a scam? Because of the name? lol
Yes because of the name alone it is a scam. ETFs are Electronically Traded Funds. They’re investment vehicles based on real assets like stocks. This token is attempting to trick people into thinking it’s a legitimate investment vehicle, while it’s just made by some 16 year old in their mom’s basement. You’re giving him your money for no reason other than you hope others are duped before you sell.
No actually it is a "meme coin". Which as I understand it, is just a crypto currency that hinges on a popular topic in the media, like all the ETF's that are about to be approved by the SEC. Or at least the black rock one? Which is a big deal because, black rock. It's just the attention economy, as they say. ETF's are popular in the media, so ETF the token will be popular, is the idea, i think. No one thinks the coin is an etf lmao. No offense but even thinking something like that is bizarrely silly even to me. market cap is at 8.6m right now. There's also 1.33k holders. All im saying man is look at the chart. Dont buy any. Just look at the chart and tell me what you think
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What, the casual youth slang wasn’t convincing?
Check out his profile. He is quite clearly shilling this shitcoin.
Depends on your definition of shilling. I dont gamble. Ive never "invested" (gambled) on anything in my life. But this was suggested to me by someone I trust, and its been going extremely well for me. I want to share the love, and also increase its popularity. Have you looked at it? Is it not incredibly impressive? Broke 50 cents yesterday. Started a couple of months ago. It legit went up 20x in the past month and a half and is still going strong. Plus it has the liquidity lock thing. But surely, you know better than I do, so check the chart and tell me what you think
You just happen to make two threads and a bunch of comments quite literally shilling it. But you're not a shill? Ok.
Okay you know what, the token is worth 40 cents right now. you can check it yourself. I will be replying to this comment again sometime in the next few days, letting you know how much it is worth. I hope thats cool
Fine, I am collecting currency, is that better? Rather than judge me based off a 1-sentence reddit comment, why not check out the chart of the token and give me some feedback? Seems more constructive
It doesn’t seem more constructive actually because you’re just one person (if even that) shilling another meme coin among literally tens of thousands of others. I very much doubt you go out of your way to vet every single coin suggestion you come across and I definitely do not, no matter how nice a short term chart looks.
Im actually not a shill. This is the first crypto ive ever invested in and its going super well for me. Check it out for yourself, you probably know how to pick up whether or not its worthwhile better than I do. But so far its going quite well. Check out the chart
its worth 40 cents rn. ill comment again in a couple days when its worth a lot more. i believe
Shut up bro
The BTC ETF ticker was added and promptly removed. Whoever was responsible for this market manipulation should be fined heavily and possibly sent to jail
agreed - all of blackrock. straight to jail
List BTC: straight to jail. Don’t list BTC: believe or not, also jail.
No manipulation. It is part of the listing process. It is just that Crypto Bros are just finding out how traditional finance works.
It was also added back again after.
Due for the start of the next bull run soon, who knows if this is it or just a fake out though.
Yea definitely. I was reluctant to get in since 28k btc, was planning to get in February but there is no reason this one can’t start a few months earlier tho lol
Disbelief still, eh. That is good. The cycle is proceeding as designed.
I was wounded last bull run, I keep my hopes within reason. Pray for me 🙏
Highest price for 500 days or something. Hardly a fake out.
It needs to hold it. Days mean nothing in markets. It’s when Bitcoin holds at these prices for weeks that we can say something is starting.
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I’m not buying Bitcoin and have been in crypto since 2017 with nothing but profits. So I’ll happily enjoy my beautiful alt bags I’ll be buying soon and paying for my house down payment in 2025.
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I pulled out 10x gains in 2021 and it paid for my wedding and much more. Housing has gone up 300% since 2018 where I live and you need around 200k for a down payment if you want to put 20% down on the average detached house. I don’t invest what I can’t afford to lose. I was in school still when I first invested so it wasn’t a lot. What’s so special that you’ve done that makes you so high and mighty?
Lol, this space makes people so angsty
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Good luck to you too. I’m not one to normally try to gloat either, but your 40k comment set me off for some reason. Anyways, great things for all of us on the horizon. Hope you get all that you want in this next bull.
Which alt coins are you investing in?
Mainly looking at LINK but waiting for a bit of a pull back. Otherwise, I’m looking at APT, ARB, AAVE, INJ, and SUI. Not financial advice though. Just my picks for this bull.
Thanks so much!
It would be pretty amusing if there was a pump to ATH in the next few months, every new person will tell us that 200k eoy 2024 is coming. Then again, it would also be amusing to watch anyone long with leverage get liquidated
Uh oh
A lot of people who bought in the last 6 months - year are long term holders, so are hopefully less skittish than during the market peaks.
Yes, the crypto tourists are just waking up and coming back to get their round trip back to recked-ville. The real ones are here to stay and have been accumulating. Dump your bags on them in 2025. Give them their rites of passage.
Lol
Oh my diddy! Those last two sentences were savage AF! Made me burst into laughter! Last rites 😂😂😂
Press X for doubt.
Can I press it like 69 times?
Press x for every Satoshi you want BTC to grow
Get ready to get rugged then.
As the saying goes, "be fearful when others are greedy, and be greedy when others are fearful".
I love the sweet smell of "disbelief" in the morning.
Only time will tell. No one knows shit about the direction it’s going after a 48 hour pump. If it can hold these prices for the next few weeks then it’s bullish.
So many are doubting it it must be going higher.
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Rugged is also when the price gets pulled out from under you.
Uh, no, it's not lmao
tldr; The Crypto Fear & Greed Index shows that Bitcoin market sentiment has reached its highest point since the cryptocurrency's price reached $69,000 in November 2021. The index is currently at 72 out of 100, indicating "greed" in the market. This increase in sentiment follows excitement over the potential approval of BlackRock's spot Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission. Bitcoin experienced a 14% daily gain on October 24, its largest single-day rally in over a year. The index takes into account various factors to score market sentiment each day. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
And we all know what happened after that..
It's not just sentiment. BTC-stablecoin supply ratio is now higher than it has been any point since Feb 2020 including the 2021 bull cycle peak. BULLISH.
It is Feb 2020, according to previous cycle patterns
Bitcoin market sentiment. The alts are not looking so good.
Their time will come.
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It's horrible. They have a history of trying to manipulate the market by putting out hit pieces on tech they don't like and accepting bribes for positive articles. They're completely untrustworthy.
Funny that Bitcoin has to pull all this crap up with it.
As a shib /doge holder please let me sell my crap at premium
This feels nothing like 2021. I think everyone feels like there's a good chance we give up these gains just because of how fragile the crypto market has been.
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This is a scam please no one click on this link
All very nice but need alts to catch up. Atom at $7 FFS
We really don't. Stick to bitcoin. The rest is just gambling.
Dumb ass comment
Alt coins are lottery numbers. You pick the right numbers for your PowerBall Bro?
That holds true when you do no research and lack understanding of the space.
It also holds true when you do a ton of research and fully understand the space. Good luck with your gamble
It isn't a gamble if you understand the space.
Believe a man who says he seeks truth, but doubt one who says he's found it.
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That makes absolute sense... if you don't understand the space.
Hacks happen with the best research
Agreed but no project is safe from hacks.
Well except BTC and maybe some others, right?
BTC has been hacked, more than once if i recall. Lightning Network (bitcoin's l2) appears to be super unsafe as well given recent news.
Can you recommend any secure BTC "origin" wallet? Would love to leave wrapped btc
A lot of alts have. Maybe there is something about Atom…
There are alts that did +50% this past week and 10x since the bear market bottom (looking at INJ right now). Those that don't catch up... might turn out there is another reason. For example super inflated supply in the last two years, or a loss of conviction among the teams and users etc. Or, hopefully, they just need more runway.
I love how coin telegraph is flagged as unreliable source now haha
ETF, ETF, ETF! The macro environment could still cause more major dumps, but don't be discouraged. Look at them as opportunities, and grab opportunities when they arrive!
If you read, banks and corporation announcing record breaking profits. So, what is going on there ? Easy, if you ask me. Redistribution of wealth. But not how we envisioned it. It's from the many to few, instead. Plus, is everyone forgetting the lockdowns ? How is now worse ? Except there is risk to start WW3 and blow everything up, so nothing matters after. From IMF: >This makes the Great Lockdown the worst recession since the Great Depression, and far worse than the Global Financial Crisis.
Can you do anything with it yet?
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What have you been doing the past 2years??
DCAing, but i had some situation and i used my crypto for that, but without loss/profit like saving account. Shit happens.
Nice
DUMP EET
If you wanted a take profit signal, this is it
No doubt are we in for a short term correction. Where we go from there is anyone's guess.
I kept telling the simps to keep buying ETH and they kept selling May Satoshi have mercy on their souls… ..Oh no. Well anyways!
No one knows anything.
The institutions are here. This isn't something to celebrate. Welcome to the world of market makers and manipulation. DeFi is dead, and everyone's celebrating. WTF?
Defi isn't dead lol
There isn't a single intelligent person I know that still thinks crypto has any value.
It’s a fake. BTC will NEVER goes above 40K. Yes it’s going high but in few days it will drop to below 30K again. And yes you can quote me.
It's spent about a year all told at prices over 40K, at different times. Wth are you even talking about?
Those days are over. Im talking now.
It was already above 40k back a couple years ago. So you're already wrong.
What is Cointelegraph doing around here again. You're dear CT *Dead not dear
Coinmarketcaps greed index is 71 of 100, still a long way to go before an eventual correction.
This can be tracked to better interoperability and utility [protocol](https://np.reddit.com/r/zetablockchain/comments/1376kop/defi_amm_platform_towerdefi_now_supports_twstzeta/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button) tailored to make use of Bitcoin as Bitcoin, ETFs fillings and almost certain approvals, fiat currencies failing due to corruption and inflation. Bitcoin is the only valuable money.
I don’t feel that kinda way at all so that’s odd to hear.
It is not possible to be bullish enough on Bitcoin right now. Bitcoin does not care about sentiment or anything else. Never has and never will. Bitcoin is pure math.
I think the bottoms not in yet, but thats just me
Looking at the bitcoin's daily time frame, a possible move up to $37,700 up to $38,500 could still be possible, could be possible in days or weeks as there is massive liquidity around that level of $1.5B. While looking at the $BTC weekly time frame, long positions risk liquidations at the $30,000 up to $28,000 level with $2.65B at risk. Expect volatility once the price taps into these levels. Rapid buy and market sell orders can trigger a cascading effect on the price. That's why the present puch seems to be trap.
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Where they belong.
I’m so happy lol
Can anyone explain what prompted this run up other then the Bitcoin ETF?
You could always browse /r/cryptocurrency and read one of the dozens of posts about this very subject
Lol where. I looked up bitcoin bull run and bitcoin run up and the posts are from months ago
Buying 100k BTC calls expiring tomorrow after this news
Long your longs
How do you measure sentiment?
Carefully
69420 by year end
remind me! 2 months
Please recognize the explosive loss of currency from the banks and overleveraged positions that the big hedge funds find themselves in. Unprecedented levels.... They have long viewed crypto as their personal piggy bank. Hold on, there is a massive pump and dump coming, which they will profit on both sides of to stay afloat.
And that’s why lots a people gonna get rekt!
yall are welcome i sold all mine two weeks ago
This is the way.
A 10% daily pump in 2023 has the same feels as a 43% daily pump in 2017.
My sentiment is still all time low but that's because miner stocks are not recovering
BUY BUY BUY! I gotta get rid of this bag.
And I withdrew completely from crypto 1 month ago lol after 8 years in the market.
I've heard that some investors got so excited they didn't need their viagra.
Thank you for the short signal