noun | feer and greed in·deks
The Fear and Greed Index is like the mood ring of the crypto market - it's a metric that tries to quantify the current sentiment of traders based on factors like volatility, volume, and social media buzz. It's like a Ouija board for degens, telling us whether we should be buying the dip or panic selling our bags.
Example
"I woke up this morning and checked the Fear and Greed Index - it's at 'Extreme Fear' right now, which means it's time to ape into some shitcoins and pray for a bounce."
"The Fear and Greed Index is like the horoscope for crypto traders - it's all bullshit, but we still check it every day just in case it tells us what we want to hear. 'Moon soon' is the new 'you will meet a tall, dark stranger.'"
"When the Fear and Greed Index is at 'Extreme Greed', that's when you know it's time to take profits and run for the hills. It's like when your coke dealer starts accepting Bitcoin - the top is in, and it's all downhill from here."
