I was reading a post by Hiver about how people move in accordance with the price of cryptocurrency every market cycle, and this is simply the reality of crypto. Some people will have the opportunity to experience 5 or 6 market cycles, if not more, and will react in the same way they always do without learning anything or choosing to grow and learn one or two things.
Cryptocurrency should be a one-time opportunity to get things going for a person.
One, two or three mistakes
Guaranteed, a person is expected to make mistakes for one, two, and three cycles; however, if these mistakes persist, it only demonstrates that they will always pass through crypto without allowing crypto to pass through them.
I know people who took advantage of the opportunity that cryptocurrency provided to relocate and improve their financial situation. These people can use their new financial situation to improve their crypto portfolio and begin a life that transitions them from active to passive earners, but unfortunately, many people only use it as a means to an end, stifling other opportunities to put themselves in a better position to continue earning during bull cycles.
They get one big break and then withdraw everything without planning on having enough liquidity for the next cycle.
They end up starting over and hustling like it is their first market cycle. We have people like this on Hive, and sometimes I try to tell them not to treat the opportunity as a one-time thing, but they do, and end up complaining that Hive has done nothing for them and that they are leaving. They return during a bull market, but the bubble has burst, and they can not seem to keep up the stride, so they leave again.
My health deteriorated (I need some other tests to show have stabilized I've gotten, but they're very expensive) and I recently discovered that I have these complications as a result of my preexisting genetic condition. This has thwarted my ultimate goal of making enough money to enter the market before the second part of this cycle begins. I also lost my only brother, so all of my motivation drained away.
If I had carried out my plans, I would have documented the process so that others could learn how I intended to create compounding opportunities. Unfortunately, I am broke again; I have spent all of my money on medical bills and still have rent to pay while trying to survive. So, I will not be able to do anything, and all I am hoping for is for the market to recover so that I can pay off my other medical bills and support my new family.
So, yes, I am a partial failure; anyone can fail, especially when circumstances are beyond their control.
The point I am trying to make is that a lot of people are getting the concept of cryptocurrency wrong; it should be the way they treat it, and that is why they can not grow.
Crypto Should be a doorway that should lead to more opportunities.
It means that it should assist the average person in multiplying into other ventures, and if you do not have this mindset, crypto will forever be your feeding money and nothing tangible; if you are here, I will help you improve that mindset of always thinking it is over during bearish trends like the one we are currently experiencing. It will only limit you and result in nothing when the market eventually turns bullish.
Chickening out and playing the blame game will not work; they haven't. By tomorrow, I will probably talk about the Germans selling BTC and its devastating impact on the market. Justin Sun is once again attempting to play the Messiah card.
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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