Re: Everyone is fearfull. Someone said this is time to be greedy

those who panic will get nothing in the market...

Buying when the market is bullish and selling when the market is bearish is stupid behavior. the best time to buy is when the market is bearish, then control your panic, don't be like a stupid newbie who always panics.

The fear and greed index represent the opposite of this behavior. People normally loves to jump in a running train and hardly take any position while the train is still and not moving. I don't understand the nature of the people that they will feel hesitant to buy bitcoin at 30K but these people were happy buying at 60K Roll Eyes

That's what you called ignorance, most people who ride the FOMO does not really understand how this market work, they thought the train will continue and will not stop, and when the price dump and they see their investment's value is slowly going down, they tend to panic and dump immediately, and that's the reason why we see some significant market dumps that would result to more selling pressures by the newbies.

It's sad to know the fact that there are still many investors who don't understand how the crypto world works. I also often see a lot of people who
decide to buy Bitcoin when the price goes up, but when the price of Bitcoin falls they will panic and sell the Bitcoin they have. This is
the importance of learning Bitcoin first before deciding to invest, because good investors always know what they are going to buy. Don't buy
Bitcoins because of other people's opinions, but we buy Bitcoin because we understand how Bitcoin works.