Cryptolotics & Feelings

jevvychase (27)in #cryptocurrency • 7 years ago

enter image description here

Keyser Cryptö

Cryptolotics & Feelings

We all know the saying: “The Truth Hurts” because more often than not, it’s true. The truth hurts because it challenges our ideals aka we get TRIGGERED. Emotions such as: guilt, disgust, frustration, and so many others start to pour out and what happens is best described by the words of Chazz Michael Michaels, “No one knows what it means, but it’s provocative. It gets the people going!”

Unfortunately, our media outlets build their business models around this very same idea. In our day and age, feelings rule and they’re everywhere we look…the corporate market, news, politics, civil rights, and crypto — literally everything. Tucker Carlson, Martin Shkreli, Ben Shapiro, Joe Biden, and Colin Cowherd have taken a stand to report the truth rather than feelings.

Crypt-olotics

At the end of the day most of what people say are allegations, because if you do not have the full picture you cannot make judgements. It’s just propaganda and fake news.

I’ve become increasingly interested in the dark side of media where the truth is separated to push a political agenda. I found out that we live in a day and age where foreign policy is governed by viral videos.

In crypto politics, you should be scared of manipulation. But what’s worse is, the day when everybody agrees to invest in crypto. When parties who never agree, suddenly agree, you should look deeper because something is not as it seems.

I cannot stress enough how much you need to do your own research. In today’s crypto political atmosphere, you need to play devil’s advocate in every situation. I recently wrote an article about how corporate giants manipulate crypts for their own good. This is a free market. Anything goes. It’s messed up. Along with the combination of the media, false statements, manipulation, and idiot investors you need to know what you are doing or you are going to wind up on the losing end.

Example A: How Warren Buffett & Charlie Munger called Bitcoin rat poison & equate it to trading baby brains.

It’s sad to say but, Warren Buffett & Charlie Munger will be dead by the time crypto truly takes off. However, they can still have class when they discuss it. It’s ridiculous, when someone talks like this with no proof or factual backing. It’s arrogant and disrespectful. First, talking like this shows that you have no knowledge of subject. Second, it’s the same as cursing at someone in an argument. It does nothing for the problem at hand. It just makes the current situation worse. And third, of all people, I would expect these highly respected individuals to know how to speak intelligently. Especially when they are on national spotlight, representing their company and investors worldwide.

How was your experience with the market today?

Two things I am particularly bullish on in crypto are: the user interface and user experience designs. Right now, you must to memorize your wallet’s addresses. Which is essentially the same as memorizing your IP address every time you use the internet. I have seen more and more projects starting to tackle this problem. VertCoin with their LIT Box, BABB’s app allowing for seamless transactions with $BAX, and multi-platform DEX wallets.

Many times, this question is answered in terms of how long you have been in the crypto space. Not to say that this is the final ruling, but it is simply hard to see through the crack when you haven’t seen much at all.

I saw a funny tweet by @moonoverlord which states, “You are not initiated in to the crypto market until you buy at an ATH.” It’s the sad truth, because whether or not you like it, I am sure that at least once you fell in to the FOMO and bought at an ATH (all time high).

Having background knowledge in this market is key; if you don’t have this, there at people dedicated to teaching you. It might require some basic research, but they try to relay this information to you as friendly as possible.

Getting past the first stage is a tough realization because you never mean to do it; it just happens. At this point you have, more than likely, already sold and left the crypto market. But not so fast. Don’t let your feelings get the best of you, young padawan. Come back and let me help you learn from your experience.

Let’s start looking at the buy. Why did you buy at an all-time high? All the signs were pointing to it running out of fuel and possibly falling. What made you get on that exchange and put your money into that crypto? You fell in to the fear of missing out. You let your feelings do the thinking instead of looking at the facts:

Did you research what you were buying?
Are you familiar with their white paper?
Is their developer team up to par?
Did you even research your buy?

When people say DYOR (do your own research), they really mean it. They care about you and your money. They don’t want you to get scammed because they have and want to help you avoid it. Gaining knowledge on what you are investing in is imperative in order to separate facts from feelings.

Often, guys tell guys to stop thinking with their junk because they know how that mindset can alter your logical thinking. Well, this is true for crypto. Letting your feelings do the work is essentially investing with an altered and illogical state of mind.

But this does not necessarily distinguish fact from feeling. That part is up to you. Feelings lead to irrational decisions. If feelings start to overcome logic, then you have already lost. In fact, one of the worst things you can do in crypto, has a feeling directly in its name. FOMO, ‘fear’ of missing out. It’s these kinds of decisions that will leave your portfolio looking like a massacre from all the red. Be patient and logically go through each decision before you make it. Be stone cold when looking at whether you should buy or sell. Don’t get greedy, take profits along the way. It takes time and practice, but once you get the hang of separating facts from feelings, this mindset will become second nature.

Your prior knowledge is your worst enemy. Unless you can erase your memory or separate yourself from your knowledge base, you will be your biggest source of bias. Fact from fiction; truth from reality; facts from feelings.

My friend said something that stuck with me this weekend, “you just don’t know until you know.” It may sound simple or basic but stop and think about it for a second. Any time you let your feelings get the best of you, start to overthink, or worry about a situation. Just think of the phrase, ‘you just don’t know until you know’. Not to say that this can be applied to all situations or people, because it involves a risk-taking mindset. However, it allows you to separate facts from feelings. What you know versus what you don’t.

Allowing yourself to do this will help you not only in the crypto verse, but in life. When making decisions need to be separated from your current feelings.