We are back to square one: Can we reach or overcome extreme fear?

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As you can see in the fear and greed index, we find a cryptocurrency market in fear, but pending that there is a probability that it could get worse, ie we are currently in fear but we can easily get to be in extreme fear.

Last month we were in extreme fear, I think we even got to be a little below 19, now you may be wondering:

What are the reasons it can get worse?

Currently we are in tension because of the conflict between Ukraine and Russia, which has made the cryptocurrency market move, to this variable is added the fear for the updates that the FED will make in the United States, I think that if we are at 27 y has not yet curdled the two existing fears, that is to say that the war between Ukraine and Russia explodes and that the FED pronounces and makes public any law that affects the cryptocurrency market, then we can see that this worsens.

But is it wise to view this environment as a negative for investment?

From my point of view it is not an environment to lose, as I see it as an opportunity to buy at discounted prices, actually the price of many cryptocurrencies are perhaps a bit undervalued, especially depending on the project that is behind your cryptocurrency as that backing entity.

It would be too much to tell you that this is not an investment advice, everyone should do their research and invest their money in what suits them best, however I would dare to assure you that if you are going to buy any cryptocurrency that is in the top 10 cryptocurrencies with the highest market capitalization you will surely get massive gains in the long term.

How long will you have to hold your cryptocurrency position?

It would be very irresponsible of me if I give you a specific time, however I believe that the price of bitcoin and other cryptocurrencies may go down further, but even if it goes down further I don't think it will stay there forever, so I am sure that if you are an investor who is not going to need the money you have invested and go for the long term, you will most likely make profits.

The war between Russia and Ukraine may not end up happening, or at least not on a large scale as to end up being the third world war as perhaps many of us imagine, and in the given case that the war is executed, it would still have its end, with devastating consequences but it would have an end, after the end would come a time of recovery in which the price will stabilize and resume its prices where perhaps we can see an indicator of crypto index indicator of fear and greed in neutral position, where a few days ago it marked in that zone surpassing fear and extreme fear.

In the case of regulations, they are just that regulations, for nothing in the world developed countries want to prohibit the use and marketing of cryptocurrencies, prohibiting the use and marketing of cryptocurrencies would only bring technological backwardness, and for nothing in the world that will happen, so I think that a set of regulations by the FED and the US government will not be the hecatomb.

In particular I do not have in my portfolio any type of stable currency with which I can take advantage and invest in cryptocurrencies at this time when prices are falling, I only have a variety of cryptocurrencies that I will not sell being these current precise discounts, I will stand firm and wait as long as necessary until I see fit to sell, considering the fact that I can sell for profit.

For the moment there is nothing left to do but to stay informed with the news in full swing and also to stand firm in our cryptocurrency positions and not sell because the market is panicking.

The current moment is one of those opportunities provided by the market to buy on sale, but you have to be careful because it can go down more, but above all do not invest the money you will need later, because you may need it and you may have to sell at prices that are below the prices where you bought.

I like to feel very closely the feeling of fear or greed that the market may have, that is why I like this meter, considering that the opportunities are always there to generate profits as long as you buy when everyone sells their possessions out of fear, and sell when everyone buys out of greed.