Today all mainstream coins are rising, but the Fear and Greed Index is still 23.
I increasingly feel that the greatest value of this index is not for making trading decisions, but for understanding human nature.
People who have been scared will instinctively retreat, even when opportunities are in front of them.
When the market hits the bottom in 2024, it will also be this index. Those who bought back then have made several times their investment now. But at that time, would you have dared to buy? Most likely not.
The way to overcome fear is not to force yourself to be brave, but to replace emotions with rules—dollar-cost averaging, grid trading, and planned orders.
Take the decision-making power away from the monkey brain.
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