Point 1 shows April 26, 2021, the bottom of a significant swing in the index value from 73 (Greed) to 27 (fear). Point 2 shows the start of another slide on May 12, 2021, from 68 (greed) to 26 (fear). We can see if this has matched with the crypto market by comparing these changes with the overall crypto market capitalization.

Point 1 again shows April 26 starting at $1.78 trillion (USD) before climbing up to a peak of $2.53 trillion on May 12. If you combine this with what we see above, you see a large swing in sentiment from greed to fear coinciding with a local bottom in the crypto market cap. As the market becomes more greedy, the overall market cap rises until it reaches its maximum. At the maximum, sentiment once again sharply drops.

With our example, the index has proven helpful in finding a buying opportunity and predicting a sell-off in the market. Using the index, you can check whether your emotional reactions are overblown or in line with the market. But will it always be helpful for every situation? More than likely, no.

Me: I dare to ask if you have really understood what cryptocurrency is and what is blockchain when you say this. I think your warnings are just what you think are the risks you learned from others. So, I should ask you, do you know how risky it is in the future not to invest in cryptocurrencies and blockchain.

It may be that you are one step slower than others, which caused you to be abandoned or even eliminated by the times. New things are risky, but we can't hide away when we hear about risky things. This is an act of cowardice, if you don't have the courage to accept new things and take risks, then you will never keep up with the times.

Do what you think is right without the approval of others, just do it, don't explain so much to them, just show them the result. In order to make the road to financial freedom smoother, we must also learn the necessary knowledge and communicate with others more. In doing so, we are reducing our own investment risks.

Stud does not mean losing his senses. People who don't know how to stud are the least "rational" people.

Me: Why don't you touch it, I see its future, I believe it can change the traditional economy, not just me, millions of people are doing it.

I am not following the venture capital investment, but I am full of hope for the future of cryptocurrencies from the bottom of my heart, so why don't I invest in something that I approve of, do I have to listen to your "demon words" not to touch cryptocurrencies? It is a very bad thing to block others from moving forward on the road to financial freedom.

Me: I'm delusional that cryptocurrencies will make me rich, but I'm not betting, I'm buying the future. I just put my existing assets on the blockchain, because I believe that in the future, people will not have so much demand for traditional currencies, but can directly use cryptocurrencies for transactions. So I just exchanged the current currency for the currency to be used in the future.