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After losing more than 100k in Leverage and Spot trading, I finally understood what Warren Buffet means

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by COINS NEWS 176 Views

Not going to be a long post fellas, but I've had my fair share of buying Doge at 0.69 on Spot, various leverage trades on random coins, followed TG channels for "signals", needless to say, I never knew when to sell or when to buy.

There is an indicator called "Bitcoin fear and greed chart"

https://alternative.me/crypto/fear-and-greed-index/

The formula is simple, if you see it over 70-80 and "Extreme Greed" is present, this is when you should consider transferring cryptos into USDTs.

Now let's say you've been sitting on USDT coins, and you feel like you want to buy a dip that just happened. Before you do that, you head over to the same damn chart, and check what it says.

Anytime below 25-20 is an excellent time to buy.

And that's it folks, the formula is extremely easy. Now we are seeing Extreme fear on the chart at 25. Is it a good time to buy?

submitted by /u/maxiuss12345
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