Crypto Fear & Greed Index || Steem Alliance
One of the most popular concepts among people in the cryptocurrency market is the Fear and Greed Index. This index is a range of numbers that shows the position of people's sentiment and investment motivation through the cryptocurrency market's business expansion.
Fear and Greed Index is a useful tool, which is used to understand the mindset of an investor and make sound investment decisions. It is represented by a number and through this it is known whether there is time to invest in the market.
The basic concept of this index is that market conditions create conditions between the limits of fear and greed. Over time, investors can become fearful or greedy etc. and this index clearly shows them any mismatches or temporary conditions.
Fear and Greed Index, In a brief theoretical perspective, it is mainly based on two components – greed and fear. This index can range from 0 to 100 on a scale, with 0 being the most dire and 100 being the most desirable.
If this index has a higher value, such as 80 or 90, the interest and enthusiasm to invest in them becomes greater, which can lead to rapid growth in the market. And this time the price can be high. Likewise, if the index goes further down, say 20 or 30, they become more fearful and more cautious, which can seriously hamper the market and price movements.
This index essentially combines two components – human sentiment and investment sentiment. This gives investors a better chance to stay focused on the market and take the right decision at the right time. It is a dominant pursuit, creating a time-bound lifestyle between limits and growth of business communication with fear and greed.
For a good investor, this index is an important tool, which helps in making sound investment decisions and helps in controlling their mindset. It helps to create a limit in the investor's intelligence to invest at the right time and helps them to balance profit and loss.
VOTE @bangla.witness as witness
OR
Thanks
Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.
https://twitter.com/sagor1233_tfc/status/1765097637328621618
Right now Bitcoin's Fear & Greed index is 81. Although I knew a lot about Fear and Greed index before, thank you very much.