Fear, uncertainty and doubt

English · June 8th, 2021 · 0 corrections · 361 words · 3 min read

Fear, uncertainty and doubt are healthy mental processes that we all have to deal with as it forces you to reconsider the value of things.

It is in my opinion that even though I cherish BTC, that it is overpriced due to maximalism, preaching, cult following and due to its sheeps who scream "buy the dip" at all cost and blindly believe that the price will only go up. BTC is slowing becoming some sort of ACN pyramid scheme: just find ten other fools who will buy it at a higher price.

Above all, FUD makes you reconsider the *quality* of the investments in place, but FUD is only healthy if you use it as a tool and not as a pump chasing habit.

Sometimes, when we are building a product, we try to innovate, we catch some ideas here and there and at some point, after we made good progress, we put the product in the hands of our end-users and only then we realise what we did wrong.

I believe that crypto is somehow similar. We invest, we buy dips, we keep faith, but at some point when we step back to get a glimpse of the big picture, it's obvious that it is about to break.

Remember the saying: "don't invest with emotions". When emotions intertwine with investments, some posed and wiser investor takes this opportunity to accept the reality as it is and leaves you behind, summoning the energy to reprocess your thoughts and beliefs which are going to be very hard to accept, if only you make it.

Of course I don't know. I don't know if the market is going to go up or down, but I have my thoughts. I try to see the market as a big psychological session where fear and faith pave the way.

I agree that holding is the best strategy, but for this strategy to work you need to have the correct mental state to survive. Close your phone, go outside and stop looking at the price. If you believe in crypto, stop looking at it all the time. Let it grow like the beautiful flower that it is.


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