Today, the fear and greed index hit 94 again. I think this time is very similar to the one from the end of October 20 to the beginning of February 21. Many people are saying that it is only Bitcoin that has risen, and most of the coins are still lying down. They only feel fear, where does greed come from? If it is completely replicated: at the end of December 20, Bitcoin broke through the previous high in December 2017, and in early January 2021, the price of Bitcoin was already twice the high at the end of 2017. At that time, Ethereum was less than half of the high at the beginning of 2018. At present, Bitcoin is 1.5 times the high in 2021, and Ethereum is already 70% of the high in 2021. Does it feel better?
There are two opinions about whether the copycat can rise: one is that the time has not come yet, and Bitcoin must continue to break through the previous high to stimulate the stars and sea of the currency market; the other is that the market has changed this year, and there has been no real innovation with real value. The market has become tired of pure narratives, and investors have become more mature. Pay for VC coins with low circulation and high FDV. Investors are becoming more mature, and the market will become structured (good ones are better, and bad ones are worse).
