Binance Founder CZ Reveals 'Perfect Time' To Buy and Sell Bitcoin: 'Sell When There Is Maximum Greed, and Buy When There Is Maximum Fear'

Core Viewpoint - Changpeng Zhao, founder of Binance, suggests that the optimal strategy for trading Bitcoin is to sell during periods of maximum greed and buy during periods of maximum fear, which has ignited discussions within the crypto community [1][2][3] Market Sentiment - Bitcoin's sentiment indicators are currently experiencing significant fluctuations, with the Fear & Greed Index showing increased greed during price rallies and heightened fear during major pullbacks [2][3] - The advice from Zhao aligns with the broader crypto community's focus on making rational trading decisions rather than emotional responses to market conditions [3][4] Trading Strategy - The principle of selling at greed and buying at fear is proposed to be applicable across all reliable cryptocurrencies, potentially maximizing returns for traders [3][4] - Ongoing discussions emphasize the importance of strategic trading in the volatile crypto market, particularly in light of current market conditions [4]