By okolakk on Skatehive
Currently, the Crypto market is in an interesting situation where we can see the greed index is very high. It means a lot of people are trying to enter the market because they feel like missing out and this is the situation when a lot of people also end up buying at higher prices. It is part of the market and it often happens when things are looking more bullish and people just don't want to miss out on this opportunity so they just try to enter it at whatever price they get it. This mechanism or metric is called the fear and greed index which means when there is a lot of greed then it simply means that a lot of people are buying it. When there is a lot of fear then people are just trying to exit the market and I smart investor will act the other way around. If there is a lot of greed then for an investor it is a good time to sell and when there is a lot of fear then it is a good time to buy. Most of the time it works well but not necessarily because sometimes it is also possible that