Ventures of an ex indie game developer

Extreme greed again

Yet again the Fear & Greed BTC Index has reached unprecedented levels.


To me it looks like whales have joined together, not to push the price up, but to never let it drop. This is a dangerous time for my puny robot which relies solely on the constant ups and downs of a free market.

So far I'm down another 13%. Last run my funds went down 21% until settling at -12%. This one looks worse.

When will they let go? If they push this one really far, me and a lot of other people are going to go bust along the line. My guess is that's not what they want either, as they feed off of bad traders (who feed off of worse traders). Hopefully they'll just make another big spike and then let go for some time to allow me to lick my wounds for a couple of percent.

About the author

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Gothenburg, Sweden