**NEWBIES.....JUST JOINING CRYPTOCURRENCY SPACE...?? DO YOU KNOW THE "FEAR & GREED INDEX" ??**
**🔥 What is Fear & Greed Index??**
♦️The Fear and Greed Index is a tool used to measure the general sentiment of investors in the crypto market. It ranges from 0 to 100: (Simple Explanation for you)
**ie:**
➡️ 0 to 24 → Extreme Fear 😱
➡️ 25 to 49 → Fear 😟
➡️ 50 to 74 → Greed 😏
➡️ 75 to 100 → Extreme Greed 🚀
🔥✍️Using The current example at the time of writing you can find this on #Binance home page widgets or any other Market app as shown below is Binance and CMC (Coin Market Cap).
✍️The Images show the Fear and Greed Index as 59% which is labeled as Neutral but leaning towards Greed.
**🤔 What This Means (With Example):**
• A score of 59 shows that the market is feeling relatively confident or slightly greedy.
• Investors are not panicking, and there is growing interest in buying crypto.
• Prices have likely been rising recently, and many traders might expect further gains.
**🔥 How It Affects Decisions:**
• At 59, it might be a caution signal, not panic, but don't get too excited.
• Many smart investors take this as a time to watch for potential overbuying and prepare for corrections.
**👍🔥 RULE OF THUMB** :**
🔸Fear (low scores) can mean buying opportunities. "Buy when others are fearful. ie Always buy when the market is 🩸 bleeding."
🔸Greed (high scores) can signal overheated markets. "Be fearful when others are greedy...fear of missimg out causing them to be greedy do not fall for this stay put and wait for corrections 💯 the market will always recess.
NB: Now That you know and understand the fear & Greed tool are you going to repeat the same mistakes buying at top and selling at a loss when it dips and asking us when it will reach the buying price like eg you bought $TRUMP coin at 40 dollars each and now it's below 10 dollars per token how do you feel because the greedy index was high and everyone was going for it.
At this be very careful when,what to invest in because this space is ruthless and has no mercy you either make it or fail it doesn't matter how many times you fail but what matters is you getting up and facing things with the right mindset and corrections it's all up to you.
**🔥Surviving is winning, every other things is bullshit, fairy tales spun by people, too afraid to look life in the eye, whatever it takes brother/sister Survive...!! 💕
#Write2Earn #CryptoIn401(k) #fearandgreedindex #FOMO
