The Fear of Loss Can’t be Greater Than the Hope of Gain - Learn to Dominate Your Emotions
There is absolutely no way anyone can know exactly what is going to happen. Many will claim to know this is the end, and many will fall prey to that fear. Its normal for all of us to feel scared, to worry about our future. In truth many have invested a lot into cryptocurrencies and looking at the markets today cannot bring anyone any comfort.
I realize that many who participate of the cryptocurrency space do so with very little understanding of how trading works. Trading, speculation of assets is currently the main driving force behind this market, since many of the projects rely on the liquidity it brings. I say this, only to say that because not many understand, it’s completely normal that most people feel like a day with double digits into the red might be signaling some sort of end.
Thinking like an investor
In situations like this one is imperative, even if it feels very uncomfortable. Acting in desperation, selling the crypto you hold in fear is exactly the opposite of what an investor would do. In other words, we can boil this down to one simple question.
Why would you sell at a loss?
Of course I understand that some people took a gamble when they bought into crypto. However, the current fear you might be feeling might be telling you the gamble you took was not the one you should have taken, and that might be the bigger lesson hidden here.
Remain calm
If you understand the technology, a red market like today should not be the reason why you all of the sudden lose all faith. If you’ve lost it, it might be a sign you have not fully grasped what the proposed solution is all about.
There are many individuals that like to call cryptocurrencies as a whole a scam. Their criticisms are laughable because they accuse cryptocurrencies of the very things the US Dollar is in actuality. Thinking critically, it's impossible to not wonder, what are the agendas at play.
If you can wait, wait…
The bull market is coming, everything in life is a pendulum and that is something hard to deny. I’m only saying this because I was looking at some exchanges at the moment, considering a point of entry noticing the sale walls taking over my screen. There are currently two Orca’s worth of STEEM waiting to be purchased on Bittrex.
I ask, and I ask this sincerely. How many investors do you think are selling today? I can almost guarantee the answer is none.
I’m getting ready to buy some more Steem myself. I’ve set up my purchases, and I’m ready to ride this wave. I’m hesitant to call this advice, as this is not my place and I’m no financial adviser, but in my personal opinion, today is a good day to buy STEEM and power up. Today Steem is on sale, and I for one have decided to celebrate.
Steem on friends...
what a great post I am so encouraging by reading this post
I feel the frustration of people in this market. I am not financial advisor but I want to suggest that take advantage of this price because we may never this price as low as this day. Technology is what will drive this market as long as they continue giving quality we expect the price will rise again.
I take my own advice and purchase another Steem coin few hours ago if you check in the history of my wallet. Like Warren Buffett said If you dont think you can hold a stock for 10 years, dont even think to hold it for 10 minutes... You will never buy a land of farm today and sell it next week. Buy more steem!
Very well said . People loose patience and that is the biggest reason of crypto to fall as we are the one's who are making whales more powerful by selling our stocks .
right said brother
Sir mera account 1 years se h but guide ni kiya kisi ne
I agree with you completely! I am buying more of Steem Power for additional influence and Dollars to invest back into the community. Skin in the game!
great job!
ok then, I think this is as good a bet as any other investment. I'm in too!
Patience is a just a watch word for any investment.it pays in a long run. a journey of a thousand mile start with a step.buy steem today and watch it grow
Excellent. I am not buying afresh but I am not selling. And in fact I never sell when market go down.
holding is also one power to beat whales
yup
The key is always to trust intuition, we are far advanced species than most of us think.
Always people want earn more money in short time . When crypto currency goes high at that time they all enter and thin our money goes double in a month . But they don't know it ye to goes down fall of crypto currency .. at that time they loose his patience.
Very well advice @hiroyamagishi you really walk the talk...because of that I am encouraged to buy more Steem and power up ,too. Thanks also to sir @cbartist for the insights.
Dont bother kissing hiro's ass his 1 dollar upvotes are just for his own comments
I want to extend my position on steem because for doing I can help more people like the country Venezuela. If you check my wife blog @fatimajunio we are supporting the people by upvoting their comment and giving some dollar everyday. 6 dollar a month salary in Venezuela is inhumane. You maybe seeing me upvoting my own comment but the fact I am not powering down so I can help more people in need.
leading by example! good job
I bought another 😂🤣😅
I bought another 😂🤣😅
I bought another 😂🤣😅
Great said it's time to purchase Bitcoins in dip and hold for great profits
wow
good explain sir
Yes truly now is the best time to enter. Congrats on your purchase keep powering it up.
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
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https://steemit.com/cripto/@black-square/the-social-network-that-pays-crypto-currency-for-the-fact-that-you-just-live
Good. Think like an investor.
Emotions do not need domination, they need understanding and to be felt. When you truly and unconditionally accept your felt responses, you will be able to open to intuition - the same as is used by remote viewers and which has been used to correctly predict and profit from future price changes. ;)
perfectly said... funny enough I was just learning about steem ocean yesterday and here you are! good job... i'm still learning the ropes of this ecosystem and all the dapps witnesses have created to help it grow.
Excellent, thanks and thankyou for your synchronicity ;)
I see you are a musician and producer too - please to make your acquaintance - Followed!
BTW, if you have a spare witness vote slot and like what I am doing - I'd be grateful for the support with a vote. Another synchronicity is that I just posted a witness update to let everyone know what I'm up to, so you can have a read there if you like.
I look forward to reading more from you soon.
Happy to support your witness @ura-soul . Just finished reading the update, you've been staying busy. Great work!
Usually, the weak hands are those new to this kind of business but if they only learn and familiarize the way on how it plays then they will surely not sell their coin at a loss price but hodl and have hope that it will rise soon.
patience is the name of the game...
interesting ..
The worlds communication sites is different from the real can not compare
What is important is your work
Thanks for sharing this with us..
That's a very inspiring post, the cryptocurrencies is very low at the moment but i won't believe this is the end, life is always up and down so the crypto is. This is a great time to buy more steem, we just need to be patient and trust the process.
Totally agree , I was dying lol
.
Good day, I will like you to share more light, why crypto price are going down.
Exactly what I did as well. I bought Steem... It’s on sale... so why wouldn’t I?! In order to navigate the new money we are all going to have to learn how to trade in and out of assets when the need arises... or just buy what we really want to buy when it’s a good price. Steem has so much potential! So I’m buying! #TimeToStockpile