As the market falls down and looks for a bottom yet again, what can we do to keep our sanity while waiting for the miracle to happen, huge wave of bullness to save our assets?
We can reach out to knowledge, gurus or get caught in fear, but the answer to this problem is the same as to every problem: it is in your head. You, and only you control the emotion inside of you. Do I even exist if it wasn't your mind that makes me real? You've sure come this way for answers, out of curiosity, seemingly in the hope of controlling your emotions. Doesn't it feel like when you've won a lot in the casino, be it online or at a location: you were winning big, and suddenly everything started to go the wrong way, but you in your greed couldn't stop in time. You thought, you'll recover. What then, if Bitcoin starts falling down. It'll climb up in no time, no big deal. After a month, two months, three months you're now just wishing for it to rise, to get even, to get back on where we were. You'll promise you'll quit, if it just this once lets you go back to your fortune that you almost made. You probably blame yourself for not being smart enough to call it quits when you made 10x the money you invested? Let me tell you, you're not alone.
Internet is full of people telling you how they quit on time, how they knew about it and now just wait for the buying opportunity. You question yourself: how didn't I see it coming? Well my friend, it doesn't matter, doesn't matter at all. There are only a handful of people that can predict the future accurately enough, and lets be honest, in cryptospace it is even harder. It acts like a huge bubble, mainly because it is still in emerging state. More importantly, fundamentals play a key role, but it still is in your head. And thats the game changer.
Did you visualize your future house, lambo, or life that is in your control? You know I did, and frankly you did too. And don't you ever let them get out of your mind. Control it and work towards the dream we had. No matter if it is crypto, stocks, gold, entrepreneurship or what ever you find, set it as your goal and dream big. So, how do we get back in control?
We begin by stating the facts, find comfort in them and by accepting things that happened you start to regain your strenght inside of you. Let me show you an example of how I feel in control. The fact is that the market crashed, yes, but the fact is also that it crashed too hard. Everything followed Bitcoin, and Bitcoin is the main reason other viable projects are going down, even when they're having the best run in their existence in terms of creating value to their projects. Cryptocurrencies are being used more than ever before, and more real life use cases come around daily. They have more use, and much more people gathered around in creating more use. Do you really think IBM, big banks, different countries and all those entities turn their back on cryptocurrency as they need it just as much as you are needing it. These technologies fix whole industries and problems that existed way too long, and they do it cheap. Just imagine future in the next five years. Ask yourself 'do you think cryptocurrency will exist in the future?' The answer is so clear i'm not going to tell you it. Instead i'm asking, will it end now, that the journey has just started, and we're about to realize the full potential of cryptos, or will it end and slowly die out in our past?
How do you know that the crash has been too hard? Well, you know, soon all of the last years gains have been eaten. Last year was phenomenal, don't get me wrong, but in a business segment that screams the future, not all gains should be eaten out. This is a move to destroy us small people trying to get into big money, but fear not, this ride is not over. Even if it all is a bubble, even bubbles need more gains to pop out into your face. And the fact is, most of the big money didn't yet even get their share of this big big game. All you need to do is to relax, see the facts and take a deep breath. We are still killing it, you and I.
I wanted to share this story with you, because, apparently there are a bucketload of people that don't control their emotions. So many of us that didn't foresee this dump to the ground quit the rollercoaster and sadly took the full blow of losing their investment. Don't be shortsighted, don't live this game daily and with emotion, learn to view it afar and with confidence in your own mind. Let it take its time, let it be, and soon you'll find you're back in the money big time. Don't let them get you down. As soon as you follow, they'll lead you to your ruin. As soon as you know the facts and live by them, shall you regain what is to be regained.
Even if you 'only make' 100 percent of profit during these cryptotimes, remember, it still is all in your mind. You feel bad for your losses, you struggle to announce your loss, but as you change the way you think and act, you'll notice you made profit. And that my friend, is all that matters in this business. If you made more than you invested in, you've never lost nothing. Unrealized gain is not GAIN at all. Stop worrying that you might have had, and live life for the reality of what it is. You still made more than average Joe with small risk will do in TEN years in stock markets. Perspective, and ability to think for you with your own mind is all that matters.
You and me, go where we're meant to be. State the facts, make up your mind, be calm and you'll win!
Disclaimer: I am not advising you financially. This is purely educational. You are responsible for your own actions at all times.