Why The Human Sentiment Will Be Forever Flawed By Price Actions
It's January already, but a lot of people spent the better part of last year, regretting the moves they made. Why is this? We are neck deep into the bear market and some people are already in sober reflections, lamenting their losses and how they think they could have handled it better.
For example, many people think they put so much skin in the game, thinking the bull market was going to stay longer than they thought. In fact, some others wished they took more profit rather than waiting for the top. But the truth is that there's never been anyone who has gotten it completely right in a bull market.
The bear market messes with people
......sometimes it plays a million possibilities in their mind of when they could have taken more profit during the bull run, but most of the time, these regrets aren't because they/we didn't utilize the bull market rightly, it's because it gets to a period where the dip becomes too bad we begin to question if taking more profit would have saved one from the debacles of the present bear market.
Make no mistake, most of our actions during the bear market are purely sentimental, driven by fear and regret. It's difficult to have a logical assertion because of the uncertainty.
Emotions are double-edge Swords
When the market hasn't bottomed out, the constant dip in the dollar value of one's assets sends a different wave of emotion on a daily, this wave of emotion either prompts one to take illogical decisions or strengths their resolves, most of the time, we even begin to doubt the technology, especially when we scour the internet for one single person who is not FUDDing.
It's that time of the market cycle when internal critics are beginning to see the flaw in the system, while some of their stances may be correct, certain parts are baseless and out of tune. I've seen some internal criticism over the years, and sometimes it's easier to spot when these critics are right and when they're just trying to guilt trip themselves and others.
Stagnancy Is In The Mind Of People Who Live For Haste
But speed cannot be achieved, when expectancy is placed on only one set of people
I try as much as possible to create a need for the witnesses to pay attention to every one of these assertions because they cannot know everything. However, I have still seen people who have gone all out to stay consistent, power up, buy more hive, and kept the faith. It's not been easy for these people, in fact, they're the real MVPs because the ideas behind buying the dip haven't really been applicable in this bear market and we all know why.
So there's been a sort of balance. People will continue to tongue-lash hive till the end of time, even if we do $5 in price, this is because no matter how high we go, we will always dip during the bear market and it's always expected for people to lash out on the imperfections of hive when the price is not doing well.
It's A Ping-pong That'll Always Happen In The Market Cycles
This is how the blockchain has worked for a long time. I don't think we'll ever achieve perfection and this is because we have bad and good actors. It's difficult to influence bad actors to change. Many of them do not have the interest of the chain at heart and hence we will keep having downsides to talk about or address.
Hive is decentralized and this decentralization is a blessing and a curse at the same time, the downside here is that we can never tailor the actions of everyone for the benefit of the chain so we can attain a win-win situation at the end, however, we cannot blame this on the chain, rather we can only check on bad actors and adopt ways to change their actions.
The chain itself is a gem
......probably one of the best things in Crypto, we might have not hit the "eureka" just yet and it doesn't mean we wouldn't and it doesn't mean that the current state of the chain is permanent. Look at Bitcoin, for example, when people begin to see past that fear and begin to invest again, we'll begin to see green again, humans actions are what betters Crypto or worsen them.
People like the El Salvadorian president brought a great vibe and belief to crypto when they started creating a formal synonymity with Bitcoin, however, Do Kwon's and SBF's actions did the direct opposite. This applies to all Crypto projects that's aiming to create something formidable in the crypto space. I think we are the only ones who can fix it here.
There's nothing wrong with the base layer of the technology it's the perfect futuristic model for any prospective crypto project
The imperfections are not unchangeable or unfixable, seeing doom and gloom with the price only without being an instrument of change will change nothing. It's normal to FUD in fact everyone owes themselves a FUDDING spree, but when all that is done, the only way should be upward and nothing more.
I believe it's our job to check the witnesses and arraign a mass removal if any one of them holds votes that aren't impacting this place rightly. Instead of seeing them as overlords who cannot change. At the end of the day, we can only bring the change we want to see, hive is not the issue, bad acting is. I'm still hoping to see more accounts building, holding, and promoting. However, it's a brand new year, and all we can hope is for 2023 to be better.
Interested in some more of my works?
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Personally I don't understand why people think that way. I have been watching prices fluctuate for a few years on established but "small" projects. In general, long term they tend to plummet, rise, and repeat - many times. To me that seems like a great opportunity to invest in a quality project...
This post has been manually curated by the VYB curation project
Well, I think it's the attitude of people towards price. Price controls actions and loyalty, people don't want to accept the market cycle even if it's a phase in crypto that's inevitable and necessary. I think if we all begin to see opportunity Instead of criticism many projects would have proceeded to better places.
Thanks for curating
I guess not everyone is capable of looking at facts, which in the end hurts them far more than it does a project, or crypto itself. With such a mindset, nobody can ever get ahead...
My pleasure, thank you for educating those who are experiencing their first bear :)
!PIZZA
Such a mindset is terrible, it's important people who are going to be adopting crypto understands it's not a get rich all the time scheme. The market has a way of giving and taking.
Yeah... Once we learn to accept that, and also realize that money can be made during the bear via crypto, we are well on our way to growing whatever size portfolio we happen to have.
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Great post as always! You've hit the nail on the head with your observations about how the bear market can mess with people's emotions and cause regrets about past decisions. It's easy to get caught up in the fear and uncertainty of a bear market, but it's important to try to keep a long-term perspective and not let emotions drive decision making. Your points about the ups and downs of the market cycle and the role of bad actors are also well-taken. It's clear that you have a deep understanding of the market and the challenges it can present. Keep up the good work in financial education! Maybe, someday, we could turn all your posts to a compilation and sell them out there as a book on financial advice. 😂!
It's exactly what's happening in the whole crypto sphere, but sometimes we tend to undersell ourselves because we haven't hit mainstream. The tech is good, it irks me when people just complain. Everyone can become an agent of change, but putting in their own efforts. I think the market plays it's own trick, but we don't have a choice but to find a way out, giving up because one thinks everything is done for is really crazy. Bad actors are one of the things we need to get rid of. But it's difficult, we can only work, giving up or saying terrible things won't cut it.
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If you want to invest in crypto this time just stay away from negativity and do the research yourself, ever since ftx some crypto criticism is already making sense
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Haha you're right bro. Ever since FTX, external and internal negativity has prevented some people from doing their research. I think a true crypto enthusiast will stay away from this negativity.
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It has been a great year for crypto, for bitcoin and hive.
Bitcoin has flushed out many of the scams and bad actors and still survived.
Hive continues to be social and lots of building going on.
I do wonder where many people have gone though now the price has gone down? Will we see them again once the price goes up?
I think we'll see these people back when the prices improve, they're the non-builders, the ones who doesn't have the interest of hive on their mind. The people building here this period are the true core believers of hive. You'll notice the change when it's the bull market here. Keep watching haha
This is a great and well written article!
I think as long as we don't look past the price of crypto tokens, our emotions would always be a roller coaster in this crypto market. The technology is indeed marvelous but we're so fixated on getting rich quick from it instead of putting in the work and building on top of it.
For some, it's not just about getting rich quick, it's about seeing low prices, low prices makes them say things about this place that's hardly necessary. I think rather than do this, why now just be an instrument of change instead?
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That's what all of us have to do, be an instrument of change. But I guess the former is easier to do that the latter.
Nobody is perfect but I think people are always thinking of what they could have had. I personally don't think it's worth doing that and it's way better to just move forward without making the same mistakes. You can't change the past.
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Well we tend to dwell in the past, if we think or feel that the mistake is somehow unforgivable and we cannot thrive unless we get past it. However we can train our minds against that like you've said.
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Perfectly said. I won't lie I'm personally at this point where I will make most of decisions out of regrets and being emotional but just controlling and not want to do anymore mistake.
It is first Bear market of mine and last bull run was also first so in both of seasons I have made mistakes on basis of what you've said here exactly.
Anyway, Now I ain't seeing where's price going for short term but in which project I'm involved if they're developing actively or not and logical conclusions are helping me not panic and HOLD despite of where market is Going.
Though, expecting some Good time ahead in this Year. Let's see what it holds for us. Wish you happy new Year!
I managed to control myself in the first bear market. It was even more terrible than we have. Bull markets really don't last. 2 to 3 months is all they do. But bears can take more than 2 years. I'm hoping we'll have a different market situation by early 2024 or late 2023, I guess. It's crazy times, eventually those who will be flushed out, will.
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Prices go up and down. That's what they do. We cannot do anything about it. Usually, what happens is the opposite of what we expect. Creating content, commenting on other posts, and buying and staking the token are the things we can control.
!CTP
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