If your answer was no, consider reviewing your investment strategies for the cryptocurrency market. There is a huge opportunity when we see fear and greed below 40 points as we are seeing right now as I write this post.
The crypto market moves in waves, and the fear and greed index follows suit. However, it does not determine a market trend, whether bearish or bullish, but rather entry opportunities. When many are fearful, believing that something worse could happen, this is music to the ears of long-term investors who are experts in the fundamental analysis of the assets they invest in.
Consider positioning yourself in the market when the fear and greed index is below 40. Then, share in the comments whether this strategy has been helpful to you or not. Remember, this is just one important indicator that I use based on my experience in the market, with a long-term view. Never base your decisions on this indicator alone; other factors should be considered. Diversification is key to any investment strategy.