Crypto: The Fear Of Losing & Other Financial Perspectives

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People fear being in financial situations they cannot control. Some of them are getting sacked, retiring, losing their money to a fraudulent scheme, or even dabbling in the wrong investment. In crypto, there's always that fear that we might never see the bull market again. Some people openly express it while others would ignore it due to their expertise, and their number of years of being in the game.

But the reason this fear would come in the first place is that real money is involved. Now irrespective of the experience some people have gathered, they've still managed to live in the fear that crypto might dip and never moon again. Another reason for this fear comes from the fact that we do not know the future, the grounds that hold the technology behind crypto.

Scared Of the technology?

Another one is the negative views and opinions of people out there who are trying to demarket crypto
These people will always be there because their critics will create a check even if it's majorly filled up with hate and dubiety rather than pure criticism. Now, this particular fear might just be intuitive rather than realistic, sometimes we project the likelihood of failure on things that we're not certain of, and while it isn't also advisable to dismiss our fear, paying too much attention to it, takes us away from reality.

Now it's difficult to see the bigger picture because fear lets us focus on the negative things that might escalate and become our undoing. People have the biggest fear of money and this is because of the possibilities that are achievable with the right amount of money.

The Aspect Of Of FUD & FOMO

The fear of loss often comes when we envisage what could be and what wouldn't. #FUD and #FOMO are both driven by the thoughts of what could be, the diverse possibilities that could become a reality if our choices and decisions were different from the ones we eventually made.

When people see prospects for monetary gains, the fear of what they might lose drives them to decisions they might not ordinarily make. This is one of the banes of being proactive. Sometimes indecisions save us from being eaten alive by our regret, this is why some of the things we fear are only a reflection of our inadequacies.

How about moving forward?

Some people fear moving forward and this is because it requires taking risks and sacrificing their current financial position. Now, I've mentioned times without number that people love stability and sometimes, this mindset prevents one from envisaging a bigger reality. This is what happens with gambling.

To win big you have to sacrifice your current position while knowing there's the chance that you might just lose everything. Now it takes a lot of experience to dismiss or shrug off the fear of losing everything. This is why failing and taking the positives can sometimes be a good thing. However, not everyone has the strength or motivation to take positives, but one thing we fail to realize is that fear reduces when the opposite of the things we fear begins to fade away.

All in the Mind

But how true is this?

Our fear is a possibility and this is because it's a situation that might not be likely but not impossible. Most of the things we do sometimes are driven by fear, but the lessons we've learned from our previous experiences always find a way to stick. We cannot stop ourselves because this happens all in the mind and reflects in our real life.

Some of the fears we have to create caution and this in turn creates the need to put our lives in order. We'd always need to progress and this entails leaving ground zero to a different level and this requires being exposed to the likelihood we might not plan for. Sometimes we're scared of being in a state of dilemma and this is because taking decisions that might make or mar us is not what we most wish for.

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Finding ways: Cutting Corners

However, we can never completely be rid of our fears, we can only reduce them with the level of experience, expertise, and training that we've decided to cultivate. The fear of remaining poor will always be there, especially when we are trying so hard in life to change our fortunes and it's not been paying off.

The fear that we might not succeed, and live comfortably well in nice mansions will always be there and this is always activated by constant failure. It's simply important to know that we're not immune to failure, this is why we need the experience to act as a shock absorber. As for crypto, we need to look through its precedents, to feel strengthened, crypto has died a thousand death, but here as are, dabbling into it and hoping to be extremely lucky.

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Interested in some more of my works?

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The Intrinsic Propensity To Spend Money

Poverty: The Unwillingness To Spend?

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The Importance Of Having A Contingency Money Plan

Translational Value; What Is Your Worth?

Using Crypto As A Means Of Transferring Will

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