I woke up at midnight, and I couldn't believe we'd finally seen the end of the month of dips, I wasn't expecting the month of May to Start with greens but then, it didn't disappoint, the bleeding has taken a bigger shape. My thoughts were actually to power up some Hive, In honor of the HIVE POWER UP DAY then save some HBD, and after seeing the red everywhere, I went ahead to still power up, because this is a routine.
Sometimes, when people are not selling, their decisions to stay "powered up" or continue "powering up" is often determined by the emotional state they've been put in by the gains or dips in the market.
Sometimes, people don't sell their crypto assets because they need the money, sometimes they do so because of the dips, the itchy fingers, or the panick they feel by constantly checking the market to see how worse it's become.
Safety Amidst The Chaos
When people begin to see their portfolios losing value, the first thing on their mind is safety, this is why people are likely to sell, not because they're broke, but because they're being calculative of how long the dips would last and how lethal it might be to them financially.
This is why they feel like "selling it all" for fear of "losing it all", it's got nothing to do with logic, most times the way we relate to crypto is purely sentimental, and the only way to understand this is if we begin to align our decisions to a situation of rationality. However, make no mistake, logic isn't a synonym with Crypto, taking "the high line" is what eventually takes people far.
However, the moment, they begin to see signs of green, they're suddenly seeing no need to sell again. Allowing the illusion of the bull or bear to deter them from actualizing and solidifing their Crypto goals.
Dips; The Definitive Influence
I was talking to a friend yesterday, he talked about how the dip has discouraged him a lot, especially after he started powering Hive. Immediately it began dipping, he wasn't doing so anymore, but he was powering up when Hive was going up.
The decision to stop powering up was a result of the uncertainty caused by the dip. This wasn't me. When I was growing up, I developed a saving culture. The amount of money I would save weekly, or monthly wasn't determined by my needs, or an additional reason to spend on a commodity.
I reckoned that if we began to analyze our financial conditions, it might be difficult to save. There will always be the propensity to spend and allowing it to affect the propensity to save, is being shallow and economically inept. Back then, some of my peers thought that if they are not alive, they cannot save. Their reasons for not saving is the inflation and the increase in their needs as they age.
Creating Balance With Unlikely Situations
This is the same with crypto because I have cultivated the habit of saving I find it easier to power up in the middle of chaos. This is because to me, the "bull and bear" are an entry or exit point.
Sometimes we become too obsessed with selling for safety purposes or selling to maximize the highest price point, that we forget to simply sell to make a profit. Although it's normal for people to sell to prevent further carnage or loss, the mind is tailored to having half bread, rather than non, this is how we tend to mitigate excessive risk and create a balance, but sometimes, the fear of losing it all is just mind games.
For example, we picture unlikely situations where Bitcoin goes to zero, or Hive drops to 2 cents. While these situations are more unlikely, it's the way we're technically built and it now depends on us to seek to attain a mental balance.
Thinking Of 20% Alone?
This is why we should develop a certain sentiment or goal to counter the feeling of excitement and panic that's caused by bearish or bullish situations. The month of May has already begun with chaos and panic, but ask yourself, how this has affected your morale to either power up or keep stacking.
We need to build stacking goals and this is because we're still within 15 years of the existence of crypto. What happens when we get to 50 years? Even if we cannot totally predict how well or how badly the future of crypto will turn out, one thing is certain; the inevitability of growth.
It's a new month and while 20% on HBD gives us the promise of retirement, holiday, pension, financial freedom, and all those terms we use to express excitement. Hive is still momentous, waiting to be stacked.
Interested in some more of my works?
Crypto & The Outrageous Learning Curve: My Splinterlands Journey As A Case Study
Understanding & Adjusting To The Real Purpose Of Motivation
Thematic Expression: African Child (Shot & Edited On My iPhone 12)
How I Create Original Images for My Blog & Why This is Important
Budgeting: Paying Yourself First With Crypto
Establishing Compatibility: A Case For Self-Improvement
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