It's January already, but a lot of people spent the better part of last year, regretting the moves they made. Why is this? We are neck deep into the bear market and some people are already in sober reflections, lamenting their losses and how they think they could have handled it better.
For example, many people think they put so much skin in the game, thinking the bull market was going to stay longer than they thought. In fact, some others wished they took more profit rather than waiting for the top. But the truth is that there's never been anyone who has gotten it completely right in a bull market.
The bear market messes with people
......sometimes it plays a million possibilities in their mind of when they could have taken more profit during the bull run, but most of the time, these regrets aren't because they/we didn't utilize the bull market rightly, it's because it gets to a period where the dip becomes too bad we begin to question if taking more profit would have saved one from the debacles of the present bear market.
Make no mistake, most of our actions during the bear market are purely sentimental, driven by fear and regret. It's difficult to have a logical assertion because of the uncertainty.
Emotions are double-edge Swords
When the market hasn't bottomed out, the constant dip in the dollar value of one's assets sends a different wave of emotion on a daily, this wave of emotion either prompts one to take illogical decisions or strengths their resolves, most of the time, we even begin to doubt the technology, especially when we scour the internet for one single person who is not FUDDing.
It's that time of the market cycle when internal critics are beginning to see the flaw in the system, while some of their stances may be correct, certain parts are baseless and out of tune. I've seen some internal criticism over the years, and sometimes it's easier to spot when these critics are right and when they're just trying to guilt trip themselves and others.
Stagnancy Is In The Mind Of People Who Live For Haste
But speed cannot be achieved, when expectancy is placed on only one set of people
I try as much as possible to create a need for the witnesses to pay attention to every one of these assertions because they cannot know everything. However, I have still seen people who have gone all out to stay consistent, power up, buy more hive, and kept the faith. It's not been easy for these people, in fact, they're the real MVPs because the ideas behind buying the dip haven't really been applicable in this bear market and we all know why.
So there's been a sort of balance. People will continue to tongue-lash hive till the end of time, even if we do $5 in price, this is because no matter how high we go, we will always dip during the bear market and it's always expected for people to lash out on the imperfections of hive when the price is not doing well.
It's A Ping-pong That'll Always Happen In The Market Cycles
This is how the blockchain has worked for a long time. I don't think we'll ever achieve perfection and this is because we have bad and good actors. It's difficult to influence bad actors to change. Many of them do not have the interest of the chain at heart and hence we will keep having downsides to talk about or address.
Hive is decentralized and this decentralization is a blessing and a curse at the same time, the downside here is that we can never tailor the actions of everyone for the benefit of the chain so we can attain a win-win situation at the end, however, we cannot blame this on the chain, rather we can only check on bad actors and adopt ways to change their actions.
The chain itself is a gem
......probably one of the best things in Crypto, we might have not hit the "eureka" just yet and it doesn't mean we wouldn't and it doesn't mean that the current state of the chain is permanent. Look at Bitcoin, for example, when people begin to see past that fear and begin to invest again, we'll begin to see green again, humans actions are what betters Crypto or worsen them.
People like the El Salvadorian president brought a great vibe and belief to crypto when they started creating a formal synonymity with Bitcoin, however, Do Kwon's and SBF's actions did the direct opposite. This applies to all Crypto projects that's aiming to create something formidable in the crypto space. I think we are the only ones who can fix it here.
There's nothing wrong with the base layer of the technology it's the perfect futuristic model for any prospective crypto project
The imperfections are not unchangeable or unfixable, seeing doom and gloom with the price only without being an instrument of change will change nothing. It's normal to FUD in fact everyone owes themselves a FUDDING spree, but when all that is done, the only way should be upward and nothing more.
I believe it's our job to check the witnesses and arraign a mass removal if any one of them holds votes that aren't impacting this place rightly. Instead of seeing them as overlords who cannot change. At the end of the day, we can only bring the change we want to see, hive is not the issue, bad acting is. I'm still hoping to see more accounts building, holding, and promoting. However, it's a brand new year, and all we can hope is for 2023 to be better.
Interested in some more of my works?
How To Be "THE" Content Creator You Always Desire
The Consequences Of Being Overly Assumptive About Money
A 1.6 Million Naira Use-case For iPhone 14
Free Money: What Will You Do With $216k Worth Of Crypto In Your Wallet? (2)
The 4 Ways Of Developing A Relevant Niche As A Content Creator
Tech & Gadget Sophistication; Picture & Aesthetics
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