There is a reason why the Greed and Fear Index is featured on @coingecko, @CoinMarketCap, and other stats pages.
Beyond showing the state of the market, it also reveals the state of our wallets.
What do I mean?
There are three kinds of traders:
We have the greedy traders,
the fearful traders,
and the neutral traders.
Here is a simple example.
You came into crypto with $100 and it has now grown to $2000.
A neutral trader will take $1000 out as profit and save it in USDT. Any money that is not in USDT is not truly your money yet.
He will leave the other $1000 in the market for it to do whatever it wants.
If it goes to zero, he did not lose his profit. If it goes higher, he gives thanks to God. The most important thing is that he has controlled both fear and greed.
Then there are those already making thousands of dollars as profit. For them, a profit of $300 feels too small.
They always want their gains to be in thousands. The danger with this mindset is that, in the long run, the market will eventually take everything from them.
If you do not have a savings wallet, go and create one now. Do not wait until the peak of the bull run before you start running around.
Retweet this so that the man sitting quietly at the back can also see it.