It's extremely important to know that no one is going to teach you about crypto! 💡
In most years, the profits of Bitcoin $BTC (-1,93 %) come largely from just the 10 best trading days. In fact, if you exclude those best 10 trading days, Bitcoin is in the red. 📉
Look at this year, for example. Most of the gains took place in the short period at the beginning of the year and now. In the meantime, it has traded sideways in the many months from April to November.
The moral of the story: despite the Fear & Greed Index reaching almost 90, don't think you can time the market because most of Bitcoin's gains happen in a short period of time. That's why a long-term buy and hold strategy will always perform better than trying to time the market. Simply missing that small window of opportunity will leave you flat or negative. 🚀