🍁 Golden Autumn, Big Prizes Await!
Gate Square Growth Points Lucky Draw Carnival Round 1️⃣ 3️⃣ Is Now Live!
🎁 Prize pool over $15,000+, iPhone 17 Pro Max, Gate exclusive Merch and more awaits you!
👉 Draw now: https://www.gate.com/activities/pointprize/?now_period=13&refUid=13129053
💡 How to earn more Growth Points for extra chances?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to rack up points!
🍀 100% win rate — you’ll never walk away empty-handed. Try your luck today!
Details: ht
Crypto Fear Index: When Greed Turns into Panic
The market is nervous again. The fear index is at 32 — people are scared. A week ago it was neutral (41), but yesterday the situation deteriorated sharply. It's amusing to watch how sentiments change faster than quotes.
What is this index? Essentially, it's a barometer of crypto sentiment, from 0 ( everyone is scared) to 100 ( everyone is shouting "TO THE MOON"). When values are low, assets are oversold; when high, expect a correction. The platform collects trading data and user behavior to determine the overall picture. Although, to be honest, it all feels more like measuring the temperature of a corpse – when the panic starts, it's already too late to change anything.
Meanwhile, passions are running high in the community:
Hetmancev is once again frightening crypto holders with taxes: "It will be very painful!" He threatens to impose an additional 23% for several years retroactively. A classic scenario — they cannot pass a normal law, but scaring people is certainly possible.
Someone is spreading rumors that SWIFT bought XRP at $5 per coin. Seriously? If that were true, why is XRP still worth pennies? Alright, let's continue to believe in the mythical "whales are buying at the bottom".
Solana has fallen by 20% in a week. Recently, everyone was shouting about the inevitable $300, and now they are realizing that $198 is also a reality. Analysts continue to draw lines of "key support" as if that means something.
At least tax advisors have appeared: "Accounting, Accounting, Accounting" — they shout. But what about those who have been just pressing the "buy" and "sell" buttons for years, without keeping records? Should they wait until someone comes for them?
And of course, there are the trading geniuses who advise trading with a 100x leverage and a capital of $300 per trade. "It's not real trading if you're betting less!" Yeah, and in a week, most of these "pros" will be left in their underwear.
Against this background, the news about the Korean actress who received a suspended sentence for stealing $3 million in crypto seems almost ordinary. At least she actually earned it — albeit illegally.
The funniest thing is that in this hysterical market, some people still believe in the bright future of XRP and the approval of the ETF. "BREAKING NEWS: XRP ETF APPROVED!" - they scream. Yeah, sure, and I'm Satoshi Nakamoto.
And remember: never trade your primary savings. This is the only advice I agree with.