A lot of people started the year with so much positivity and this is probably because a new year, comes with new expectations. Many people were jittery, as to whether there will be a regression or a progression in price but then, I guess more people knew that we'd had a massive regression this year.
I feel the bull came with a timeline, as we were already seeing little ups from way back in 2020. I felt what we had starting from 2020 was way better than what we had in 2017, because the bull market of 2017 was huge and short, and a lot of people didn't predict the hit that would happen in 2018.
I feel that the bear market we're experiencing now gave a lot of signs, some people took profit, some only lived in the moment, but, irrespective I still feel that the bull market brought some positive accomplishments and even if we're now in a regression.
Expecting The Decline
Many people already knew that it was coming. The decline has been happening since February, Since the dip is expected, some people fail to prepare for it because it's scary to think of the bear. A lot of people think it's all about the loss to the dollar value, but there's more.
There's the uncertainty it brings and how it generally tests your faith, a lot of people fear the future because of the predicaments of the present. This is because we're quick to predict the outcome of the future, by looking at the underlying conditions of the present, but this isn't how it works with Crypto.
However, it's difficult to change our mindset so easily, because our mind is set and conditioned to believe something and it takes time to change.
The Bane Of Being Stable-minded
We're not easily swayed or flexible and this is why we're more stable-minded rather than volatile. At the moment, everyone is scared of the future, some people are supposed to make some reasonable choices at the moment, but they're scared of the loss they might accrue in the future, even if their experience with crypto has been anything but bad.
This is to say we judge our present with the future and not the past and the proofs it's given us. Sometimes I feel, we only need a one-time bull market to be financially free but the reason why no one becomes financially free from a one-time bull market is because of caution.
Cautious helps us to set a limit or a balance, so that if the bull doesn't eventually come, then we wouldn't get burned so badly. The truth is that caution is a measure of safety as well as limitation
More "Bulls" To Experience Financial Freedom?
This is why some people might see close to 10 bull markets to hit the financial freedom they should. However, no one can completely play the crypto game of all profit: sell all during the bull and buy everything back during the bear this is because no one would take all that risk.
It's your perfect Model to become very rich, but only a few emotionless people are doing it. We cannot take away our emotions from crypto and these emotions might be a life buoy but it also takes away our concentration from the grand scheme of things.
Nevertheless, crypto is always here, and there's no haste to become rich quickly. We can always take the years and the learning curve that comes with it, hence it doesn't matter how long it takes to be finally financially independent.
The Skepticism Of Safety
There's a lot of skepticism that comes with the bear season, it makes it difficult for us to even assume preparedness in the face of doubt and uncertainty. This is why we end up having regrets.
Sometimes our regrets are caused by our fear, we activate our fears to prevent us from making terrible mistakes and we end up hating the fact that we were fearful when we needed to be bold.
We cannot change the fact that we're human. Attaining perfection might kill the beauty of living. This is why it's important to take the lessons that come with every learning curve that's available out there. Crypto remains crypto, our sentiments are what tilts.
Interested in some more of my works?
Crypto & The Outrageous Learning Curve: My Splinterlands Journey As A Case Study
Understanding & Adjusting To The Real Purpose Of Motivation
Thematic Expression: African Child (Shot & Edited On My iPhone 12)
How I Create Original Images for My Blog & Why This is Important
Budgeting: Paying Yourself First With Crypto
Establishing Compatibility: A Case For Self-Improvement
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Nowadays I don’t even feel that scared compared to the year 2018. I feel optimistic but I’m also glad I was able to take profits and was able to enjoy it while it lasts. To be honest though I don’t think we’ll have the same bear market as 2018-early 2020 since more people are aware of crypto’s existence. That’s why I’m not worried much. I just hope I’d be able to survive the whole season with my USDT/C so I don’t have to sell some coins for low price haha.
Thank you for the comforting message about attaining perfection. I get uncomfortable when shit doesn’t go according to my plans but at least a you reminded me that we are just humans and perfection doesn’t exist.
Hahaha I was really scared in 2018, it was absolutely the scariest moment of my life, bur because I had saved up a little and didn't need to spend too much, all I did was to save up the little I had, while spending them wisely. I'm not scared of this bear because I believe it'll come and go, while I've not saved any USDT I think I should survive everything, hopefully next year will be better.
There's no perfection anywhere we're all struggling as human to make sure we get everything right. But even our mistakes becomes the lessons or knowledge we have. Thank you so much for dropping by.
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In as much as we want to achieve financial freedom it seldom achieved in haste so rushing it will only set one back in most cases in falling victim to losses, it pays to just take consistent and progressive action towards financial freedom.
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You're right. Nevertheless, I feel that the volatility to crypto comes with a certain upside. Getting rich overtime makes one appreciate the process and all the lessons learned. This is why it's important that we enjoy the thrill of everything, I'm sure we'll never drown.
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Absolutely the volatility, the bear, the bull, the shilling, the bashing are all part of the journey worth enjoying.
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I'm enjoying the ride. I feel the future will be great, I'm not panicking hahaha.
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Like you you I see now reason for panicking!
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Everything you say in this article is very true. The truth is that emotions greatly influence the actions of most people when trading in the markets, and certainly, emotions are part of what makes us human and are part of the beauty of living.
However, in my particular view, we should be able to moderate our emotions in the markets in order to be able to operate more objectively, since if we are guided mainly by emotions; everything could become an emotional Russian Mountain that would end up frustrating us sooner rather than later, not to mention that we would end up penniless.
As I see it, it's really true what many say about the fact that excessive euphoria or greed in bull markets and excessive fear in bear markets are two of the biggest monsters most people face when trading or investing in the markets. Certainly, it is advisable to be prepared to face them with fortitude, wisdom and conviction.
I liked reading your article, because it allowed me to reflect on many interesting things. Greetings.
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Thank you. While we can never attain a state of no pure emotionlessness, there's a way we can attain a level of discipline when it comes to Crypto. But in reality, money makes people emotional.
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Everything about Crypto is a lesson that comes in dynamics ways. Anyway or other we have to enjoy the thrill of it curve and have a great experience, but being focus to have a financial freedom is more important.
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Well, the funny thing is that not everyone actually learns from these lessons
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The crypto market or a stock market is unpredictable as it depends on human behavior.
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I guess that's actually the thrill that comes with it.
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Regardless of how professional we may be when makimg choices in the crypto market, out emotions will still be at play because we are humans, that part of us cannot be taken away.
The volatility of the crypto market is one thing tbat scares me thus allowing me to miss opportunities due to scepticism as to whether the decision will be the right or wrong one.
In the long run I realised that the only way to find out the outcome is by trying as staying still and simply watching will result in us losing out.
We can keep our emotions in check by being disciplined. We cannot totally control it by the way. So don't worry about the skepticism sometimes it actually acts as a life bouy. The Downside is that we miss a lot of opportunities as well and this becomes a big issue.
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Everyone is scared of the bear market and it's one of the reasons why living full time on crypto or financial freedom is hard. There are just way too many factors as it's a developing space. It just stands out to me that people need to make sure they have enough profits during the bull phase to go through the bear phase. However, we don't really know when the tops and bottoms will be so it's tough.
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