I enjoy following a variety of crypto-oriented accounts on Hive, including those that FUD all the time, those that conduct holistic analysis, and mini accounts that only post price alerts; as a result, I am aware of the prices of some meme coins and other projects, as well as a dive into other Blockchains.
I believe that crypto knowledge is powerful; many people, including myself, lacked knowledge in 2021. I believe this is why people did not know what to do with the bull run at the time, and why so many people do not want to look back at 2021.
It was a successful run, but many people failed to capitalize. This is why many are like "you know what? Imma decide this cycle to seeking for more knowledge"
2021 Was Disappointing For Many
However, in our efforts to learn, we often simply cram information from everywhere and end up learning nothing. For those who are unfamiliar with the crypto cycle, this is a good place to start before moving on to other topics.
Understanding cycles allows you to understand entry and exit, patterns and behaviors, and so on, and this basic knowledge could have prevented people from completely missing out on all of the benefits that 2021 had to offer.
One thing I have learned from this cycle is to read. Although I have been guilty of reading far too much and allowing it to cloud or drown my voice and personal opinion, it is also been very important because some of the thoughts I have are not textbook and can be countered by even opinions and assertions from experienced players.
Authors Likes Quoting Fellow Authors
For example, if you look at the best crypto creators on Hive, you will notice that they are always quoting a specific content or author, whether from here or other platforms, indicating that their ideas align with that author or that they are drawing inspiration from that content.
It is simply a way for them to validate what they have said or to let you know that what they have said is consistent with the thoughts of another person. Crypto content is primarily about organizing thoughts to either agree or disagree with a specific sentiment.
Many people learn from crypto content; however, some content is intended to confuse you. Many people have crazy ideas about what they think will happen or not. Sometimes the only way to vet these creators'/influencers' thoughts is to look at the credibility of their previous thoughts and how it has or has not correlated with what has actually happened in real time in the market.
If not, you will learn a lot of nonsense, which becomes even more dangerous when it starts to influence your financial decisions.
On Hive
For example, I follow this particular account on Hive. I like to read their daily cryptocurrency analysis, chart checks, and predictions.
There was one I recently read that said the bull run would end in February 2025, which surprised me because I thought, as did many others, that 2025 was the bull run year, so how is the run supposed to end in February when alt seasons are just starting to look likely?
I think I am starting to expect wild predictions like this. For example, many people prefer to be bearish, while others prefer to be bullish; most of the time, it is best to simply allow yourself to learn from various perspectives before forming the thoughts that will eventually become your financial decisions.
With BTC performing well and alts just beginning to pick up, I believe we are entering a period of extreme predictions based on fear, excitement, illusion, and many other irrelevant sentiments; at the end of the day, it is up to the market to do its thing.
Interested in some more of my works
Is it Easy To Make Money?
Nigeria: A Unique Business Market & Industry
Virtual Bank Apps In Nigeria: An Experience Of Gamification
How To Find The Next "BIG" Meme Coin
Personal Finance: Achieving Intentional "Saving" Goals
Playing The Survival Game: Human Nature In Introspection
"Un-PAYING" The Debt You Owe
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