Hello friends. As the price of Bitcoin took a dip, so has the infamous Bitcoin Fear and Greed Index. At 7:30 PM New York City time on Saturday, December 4th, the infamous Twitter account Bitcoin Fear and Greed Index @BitcoinFear posted that the score for the index was 18. That is a decrease of 7 points from just 24 hours ago and a decrease of 14 points from just the same time 72 hours ago. The index remains at the level of "extreme fear." Since I posted about this yesterday, the price has changed from $53,503 USD/BTC (at the time index = 25 was posted) to today's price when the index was published of $49,249 USD/BTC (at index 18).
The market has recovered some since I posted about this yesterday when the BTC price/USD was touching in the mid to low 46K range. For many, this level of extreme fear is a buy signal, however, manage your risk and only invest what you are willing to lose if you buy the dip. El Salvador bought the dip today, gaining 150 more coins. This is crypto, and this is BTC, insane gains come fast, and so do drops in price. This presents an increased risk for some, while others see it as an opportunity, while others just sit back and enjoy the ride believing in the resiliency of Bitcoin. Thanks for stopping by, have a great night. .
