Being an investor, a HODLER, or an enthusiast in crypto requires a lot of effort. Things like whitepaper obviously matters a lot as well as other stuff. When it comes to cryptocurrency, however, emotion plays the most important role. The fear of loss and the greed that comes with not getting enough for your coin are feelings that are common in every cycle and affect almost everyone.
In this cycle, we have seen enough to say "that is it, we are done," but we have also seen things that keep us feeling like we are on track. Literally every run, people feel like the worst losers, they wonder why they even started in crypto in the first place, and all of that pain and panic will worsen just as the market is about to rise.
I have seen this script, and so have many others, but no one, absolutely no one, can bet $1k (if they have it) that BTC will reach $150k by the end of the cycle. It is outrageous; why? Since 2013, there have been those who believe that the market can be broken by a government decree, infiltration, and so on, which is why we take historical repetition with caution.
Are you a half-full or half-empty kind of person?
It is all about perspective; sometimes it makes things less pleasant or less terrible. For example, many people see nothing positive about the current market situation. They simply complain and complain, venting their frustrations and regrets.
They probably imagine how rich they could have been if they'd taken profit last cycle, and they let out this fraustration on the market and everyone, lashing out all the time.
Now, these same people will continue to complain that they did not buy enough and will blame themselves.
It is simple: in the face of opportunity, there is always adversity.
Most terrible situations in life have a positive aspect to them; not all, but I believe that 50 to 60% of terrible situations have positive aspects when we look closely.
For example, while I dislike the concept of spot ETFs for various reasons, they do have some advantages.
So, for every dip that appears to be very bad, someone out there is presented with a buying opportunity, which is why one person's loss is always another person's gain, and vice versa. Some people are actually calling for BTC 20k again, which is morbid and extremely infuriating when you think about it, but the truth is that some people want that price point, while the majority are gang "wen moon". This includes both myself and you.
However, being unable to leave this ditch known as bears generates a lot of negative emotions. Negative reality is easier to imagine and access when things are bad. "Oh, the DHF is milking Hive, I believe we will be heading to zero, we are dead, many smart contract chains have left us behind, we can not grow" and many other blah blah blah
I am not saying I am an overly positive person either. In fact, I prefer that you always imagine the worst-case scenarios, even if they are unlikely to occur. Imagining them helps you to be more prepared, gives you a sense of direction, and allows you to think in a multidimensional way.
Nonetheless, we must all learn to imagine light at the end of every tunnel and work toward making it a reality.
So, in the comments section, tell me what the worst thing that could happen to crypto; BTC, altcoins, and all that in the next six months.
I do not see a worst-case scenario in the next six months. Things pick up in Q4, and the worst-case scenario is that the market lags and moves sideways until the end of the year. If you ask me, it is a bearish situation, and it will heighten emotions and cause shake-ups, but I do not believe it will change what happens.
However, at the moment, the worst that can happen to BTC is a return to 45k, and possibly worse for Ethereum, Hive, and other altcoins, so imagining these price points may help you mentally or financially prepare.
If there is one thing I have learned from the previous cycle, it is that people imagine terrible things when they are going through horrible things, but no one thinks of bad things when good things happen. For example, I heard of one man who claimed he had the opportunity to sell his splinterlands assets for a large profit but did not.
This does not make him a fool; we are all simply greed merchants when the sentiments are favorable. Unfortunately, he sold at a much lower price when the market was down. So why did not he wait until next year, when these assets could appreciate again? Probably he did not expect the market to improve with all the questionable decisions going on at the helm of affairs.
There is something about this cycle that makes some people lose faith, but it is nothing new; people will act in response to events unfolding before them; it is how we do.
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