Whenever the greed index is below 90%, there is no chance for the altcoin season
Recently, the altcoins have plummeted again...
Altcoins lack value support and are in a long-term downtrend, and it's normal for them not to keep up during rising periods. If you've bought altcoins, don't complain.
Because you are essentially betting on the next fool to buy at a high price.
Under what conditions will there be a lot of fools in the market?
When the greed sentiment exceeds 90%, it indicates that the public has lost their rationality, and the market will see many fools.
When people are excessively greedy, they will go all in on altcoins.
Advertisement
Refresh your home at IKEA 618
Download the IKEA Home app now to discover more appealing prices
For instance, in early 2024 and at the end of 2024, when the greed index exceeded 90%, there were small altcoin seasons.
The average person's thoughts are always temporary; when the market rises again, investors will only regret not buying during the crash.
Those who do not plan for the overall situation cannot make plans for a specific area.
Today they are bearish; tomorrow they will be bullish. Whether they succeed ultimately depends on their own character; indecisive people find it hard to achieve great things.
No one in the market will harm you; only you can harm yourself.
The birth of any trend originates from the self-reinforcement of collective consensus, but this consensus will reverse once it reaches a critical point.
Those who understand cycles will not be obsessed with chasing highs and cutting losses.
The higher the price rises, the easier it is for participants to fall into greed, only focusing on bullish-related information.
The lower the price falls, the easier it is for participants to fall into fear, only focusing on bearish-related information.
Group rationality is occasional; bias is the norm.
Successful investing is not about predicting the future but about foreseeing the evolution of collective cognition and exiting before the consensus collapses.
