Coping With Bearish Attitudes & Spreading "FUD" In The Middle Of Loss
The bear market makes people volatile, you have people who are nervy and edgy and spend their day listening to crypto experts talking about doom. It's inevitable. Each crypto cycle brings different emotions.
When people experience a tremendous surge in the price, for example, they're prone to predicting outrageous prices, because they're overwhelmed by the figures they're seeing every time they check their wallet.
However, it's the same with people when they experience the "dip" the effect of the fall makes people wonder what the bottom will feel like, and because of this panic, they often predict or wait for worst-case scenarios, especially since crypto itself isn't a sentimental asset.
Since it's not, it's surprising to know that it's we the holder are the ones who are sentimental. We tend to predict "highs" and "lows" based on the emotions we hold as decided by the market.
Why is this?
These sentiments can be toxic. Originally people should expect these things, since crypto is volatile, we can still predict the outcome of the seasons and the impact it'll have on our finances, and how it'll generally test our overall faith in crypto.
Irrespective of this, we still find ourselves slotting into newer FUDs whenever we see the epic beginning of an epic dip.
Sometimes, the bear market brings a certain purification, that is when it gets really bad, the weak hands begin to sell and jump ships, it's not because they don't understand these patterns and cycles but because they (weak hands) will always exist.
Stable-minded People Dealing Unstable Assets
Now, it's a common practice for people to stay glued to their wallets especially when there's a rapid price change. There's a change in our needs, a change in our desires, and a change in some of the expectations we hold, but naturally, we cannot blame ourselves for always checking our wallets, the external inclination to do so is often stronger than our will to ignore the market movements and actions and focus on building and accumulating.
Another reason why we constantly check our wallets, even if this can test our resolve is that we're stable-minded people dealing with an unstable technology with its mindless capacity and chaos. We have real lives that need money to take care of real problems and needing money at all times, makes us seek the means to be constantly up and doing.
There's no constancy to crypto and that's why volatility is general putrid to man and his systems. People are being paid to spread FUD about projects which some others are duly invested in and even in the Hive blockchain, this is evident and no exception.
There's this guy who is always going around talking about how the Hive ecosystem is a sinking ship. While this might not have any effect during a bull run, it'll surely do during a bear market.
Telling people their project will go to shit creates a realistic concern, this is because most people are already edgy, watching prices and contemplating whether to leave or stay.
Loool
Sentimental Value & Real Value
Since holding sentimental value towards one's assets will equip them towards holding on, it's also important to be emotionless when it comes to dips and how it tends to mess us up. One thing is vital, staying away from people spreading FUD goes a long way.
Many people's actions are driven by the negative or positive influence of the market and it's crazy to still imagine that we never get tired of being hopeless during the bear market and being extravagant during the bull market.
Most people become made for life during the bear season while some lose the opportunity to be "made" as well. This translates to the fact that we need a personal and strong conviction to relate to the bear market and all the challenges that come with it.
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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yep it's a complete roller coaster; I feel like everyone involved with crypto has either consciously or subconsciously agreed to take this ride to test their own emotional integrity :D
Keep the long term vision and build on a strong foundation and everything should play out nicely...
@tipu curate
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Hahaha well, mostly I think it's subconsciously because not everyone who begins to buy crypto or own it, understands how their mental fortitude will be tested. It's a ride that can make or mar people to some certain extent.
However, I'm focused at looking at the future and the possibilities for building that comes with it.
Thanks for the curation.
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I don't even think we're that "stable-minded". I could buy a coin, thinking I'll close my eye and hold it for 4years, just to find myself selling out of fear in 1 year. A very unstable mind.
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Stable-minded in the sense that, we're more accustomed to the stability of the fiat currency and the dollar. Measuring our lives, accomplishment and status,with the stability of the fiat World. This is stable-minded, but the way seem to be uncertain with our choices, is also this aspect of instability. However, In the context, I was only referring to how we prefer the stability of fiat currency.
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Ah, true. I understand that. Even fiat isn't stable enough to measure our lives but it's a lot easier to measure worse case scenarios with the worse expectations of fiat. I understand.
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Yeah, you're absolutely right on this. No matter how worse fiat seems to be, we would still find a way to equate some form of stability to it.
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Totally agree with you mate. Staying away from FUDsters is great for:
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You're spot on, and you've summerized this very easily. FUDsters create an entirely different problem for us and we must do well to avoid them.
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I've become almost inured to the price swings, realizing that as long as the underlying technology is sound with a strong use-case, I'm just going to keep building.
Look at it like a sailor. No one gets on a ship expecting calm waters all of the time and smooth sailing. However, we batten down the hatches and plan for rough seas while remaining steadfast in the eye of the storm.
source
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Hahaha Thanks for that great analogy. No one goes to sea and expect calm waters at every moment. In reality, I actually believe that having a solid project is mostly the motivation we need to keep building from season to season.
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There will always be pessimistic people, optimistic people and realists.
They say what they say, the trick is to condition yourself to trust your own views more than others.
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Well, you're right when you say this.. I personally, I've trusted my views and priorities and that's why I've come this far.
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It's just a play of tops and bottoms.
Personally, whatever action I take, I do that based on the needful without regrets.
Whatever anyone says about the crypto market is personal and shouldn't be taking into deep consideration, simply put that's why doing your own research plays a great role but then not everyone can do that.
The better anyone learns, the better for FUD not to hit anyone as there would be a resolute to remain calm.
There's always a season...
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You're right, but we all know that some people rely on the expert opinion of others to invest, dump or choose to hold. The sentiment is why I try to stay away from people with negative mindset in testing periods, like the bear season. Without a doubt, many people lose their stand during the bear season and it's because they don't have a mind of their own, I personally feel such people on Hive is detrimental to the system. Thanks for your comment
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Yeah, on hive that's how I started seeking "experts" judgement until it became glaring we are all in the same shoes which may not be equal.
There comes that time when that shift happens and it happens for good.
Doing my due diligence.
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Hahaha, expert judgements will always be there, sometimes we feel like these people knows better than us, when in fact, they're just trying to predict through their sentiments and emotions.
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Just simple as you put it, they're just predicting through their sentiments and emotions, the same way we do.
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It's the wild wild west and sometimes these people gets into our skin..
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Yeah, they do creep into our skin.
I prefer this word, lol.
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I remember seeing you as one expert also.
I was like gosh this guy too much, till date you still are incredible which I respect but that initial thoughts that I had have changed entirely.
You just are true to yourself so I've got to stay true as we are all unique with something to bring to the table as individuals.
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Well, I try as much as possible not to mislead people, people should ultimately own their choices and decide what's right.
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And you do that statement just facts, bless up man.
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Dealing with prices is hard and it's hard to avoid when you have access to social media. I am more or less bearish towards the market due to the economic factors right now due to the supply chain issues but I try to look at the long-term value.
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Well, you're right, since everyone who majorly owns crypto taps into social media for crypto updates and validation, it's hard to actually not feel the FUD that's spreading
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Crypto is not for everyon, some people emotional state are not good enough to handle the volatility of crypto and that’s why they are called weak hand because no amount of orientation you give them they can’t stand it
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But even if these people knows this, they're still attracted to the money forgetting the endless sacrifice they'd have to make to get everything right.
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Sometimes we are our own problems
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I think that at the end of the day, being objective and making logical decisions, rather than emotional ones is the key.
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One thing is, we cannot straight up make logical decisions because of the way our lives are totally dependent on that movement. Sometimes we cannot help but get sucked into all that volatility
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who is this negative guy?! lol im nervous enough as it is, you are right!
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Hahaha he'll pop by your post one day soon enough. He starts with calling Hive a shitcoin.
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Is he a bitcoin maxi?
Not really, sometimes it feels like he's getting paid to actually spread FUD on Hive
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Thanks, i will keep an eye out for him. My negativity radar will be beeping like crazy I'm sure.