Be greedy when others are fearful…


As most people who follow crypto have probably noticed by now, Bitcoin has crashed. Most of the altcoins are down almost 50% and I, as probably a lot of other people, have seen a lot of money disappear in thin air. As UST has lost peg and LUNA’s chart seems like a complete rug-pull, looking at the charts is a hard pill to swallow. Although most people are (understandably) panicking right now I want to try to give you a mediating view on the current situation, and tell you there still lies an opportunity in all the panic! Ive been posting a lot of overviews lately, but with the current market conditions filled with fear I want to show you what principles I'm holding on to that are telling me everything will be all right.

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

Warren Buffett

Fear and greed index

As warren buffet once said, Be fearful when others are greedy and greedy when others are fearful. If we take a look at the fear and greed index, it logically shows there is extreme fear on the market right now. This is where the power of your next move may lie! Ive been in this market long enough to know that over time, even your biggest losses will be in the green again (although that might not be the case for UST and LUNA, who knows).

My order history of 2017

Ive experienced the hype and bubble in 2017 first-hand. My friends started to buy into bitcoin and altcoins with names I couldn't even read. I blindly followed them into this weird space, and grew my initial investment of 500$ to almost 2000$ in matter of a week. I couldn't believe what was happening, and together with the sleepless nights it felt like a weird feeding frenzy that just didn't stop. Until it did….

Everything came crashing down, and somehow I still believed it would go up and up and up. I had no exit plan, and in that regard nothing has changed this cycle over 2017. I held steadily onto my assets, and I had no idea what i was doing. My initial 500$ crashed 90% to only 50$ in the years after, and after forgetting about these investments they were back at 200% profit if i would have held till the 2020 cycle!

And that's what I want to give to you today!

Historical BTC price.

Take a look at the chart above. I am by no means a financial advisor and you should always do your own research, but bitcoin and its altcoins have crashed for 90% a lot more often. It happened in 2014, 2017 and nowagain in 2022. Every time it did, it set new ATH’s the years after. In the end, it was the risk everyone took when they bought themselves into bitcoin, and I expect bitcoin to get up to new all-time-highs in the future!

Fear and greed history chart

With the current market conditions there's a lot of uncertainty and doubt, and as you can see on the chart above it indicated a perfect buying moment (almost) every time. You could use this to your information to scoop up some quality coins that are able to survive a bear market in the coming crypto winter! With most (alt)coins having a discount of almost 50-60% its a great buying oppurtunity. That is, if you still have fiat laying around off-course…

In the end

Yesterday (12–05–2022) I’ve invested my last fiat in Ethereum. As Bitcoin and Ethereum have proven themselves in many crypto winters and bear markets already, I think it would be a safe bet to invest my last dollars into these coins. Time will tell how this will end, but as I'm still expecting ethereum to hit 10K in now and a few years, the current price seems like a steal! Even now experts are already saying that ethereum is slowly catching up to bitcoin, and as ETH dominance is slowly climbing (yes, even now during this bear market) I still believe the flippening will happen one time or another.

I’m not your crypto advisor, but i still wanted to show you my perspective on current market conditions. Although I’m still not at a loss (if it doesn't keep going down like this), I wouldn't worry about the current state of the market, and fill your bags now you can. It might take a few years, but we will see a revolution with blockchain technology!

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