Index seems like it's on the middle levels so far, obviously that's because we just recently had a good increase, and a lot of people think that they are greedy now, because they think the bull run is starting, however there are also a lot of people who think that they are going to be fine. I believe that the best thing we can do right now would be just realizing that things could be done very easily by just keep on investing long term without caring about the index.
Because the index is not what we are looking for, it's the long term goals that we have, and if you know what you are doing then you are going to be fine about it as well. Many people miss that part, and try to calculate their entry point according to index, that's wrong.
What you are seeing there is a bit too short term, it is not always like that and calculation that CMC does for it doesn't mean that it's correct. You need to remember that coinmarketcap could very well be wrong about it, this index is calculated in many different ways and unfortunately we can see just one of them there, which you could do and this is what I will always try to check other potential possibilities. Like there are literally ones that shows that it's greedy right now, because it went up, because it's looking at short period, and there are ones that literally show it's fearing, because it went down on a longer scale.
This means that you can't make it work, you need to realize that things will take some time, and this should not be simple at all. We need to consider how it may not be all that simple, and we could probably not "understand" what the market is feeling. This doesn't mean we can't trade, I mean we are going to trade no matter what happens, but it means that we should not base our trade on CMC fear/greed index alone, that will not be a smart idea. We need to make sure that we are dealing with something that will take some time, and that should not be a big deal at all.
