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What is extreme greed (extreme greed)?

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What is extreme greed? In the world of cryptocurrency, people often think they

What is extreme greed (extreme greed)?

What is extreme greed? In the world of cryptocurrency, people often think they are “super smart,” but they are not. This means that you either have a high degree of control over a specific digital asset or no control at all. If someone says they made millions of dollars from Bitcoin and try to sell it to anyone, my view becomes — we must make our own choices.

When asked why a powerful investor is needed to fund this behavior, he tells him, “That’s why it costs money.” He also adds that his company has been striving to find other investment opportunities, but he refuses to admit that he is in the early stages of this field. “If you want others to buy Bitcoin, you can sell all your BTC and some other altcoins.” (CryptoSlate)

Extreme greed

Bitcoin’s price fell 40% in a short period of time, the largest single-day decline since December 2017.

However, the market has not stopped there — despite the pullbacks and rebounds from mid-June (which has been close to a month), in the past two weeks, its volatility has soared to new highs and reached around $32,000, then quickly surged to around $48,000; in addition, as Bitcoin has been rising recently, Ethereum has also risen sharply in the past three days, reaching around $23,000.

But what is this greed? What does it have to do with “extreme greed”? We all know that people are very sensitive to price changes, and for Bitcoin, this is something that cannot be ignored.

When you consider that the price of a coin will continue to rise, then you will find that investors often pay more attention to the value of their assets than ordinary people do, which means that behind the investment target is real purchasing power or profit. This is why we can focus on investments that have huge returns. Because if you are unsure of where your investment goals are and how to use technologies like cryptocurrency to assess your risk tolerance, you can easily predict market trends in any way.

Therefore, if we encounter problems in our investments and cannot provide solutions, we need to learn more about this field and its prospects. But if we want to find answers to solve the problem, let’s take a look at the chart below:

Image source: TradingView.com

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