Market Expectations: Cooling It Off.
No one is currently talking about the bull run again and this is because BTC has refused to drop below 38k or currently go above 45k for weeks now. The good news is that some stability is good for futuristic price progression. The bad news is, it might take long to see another hallmark price leap, it's not necessarily bad news, it's just that, when expectations are dashed, it sort of becomes a mental disappointment even when there's no factual cause to feel bad.
On the bright side, nobody is talking about the bear market either, and this is because we're in that phase of the market where nothing is really happening. One thing about BTC is that the excitement lies in the ups and downs, and a little bout of stability creates boredom. This isn't the same with some other alt projects that have another form of growth to build or sustain or projects to develop. This isn't discrediting BTC, after all, it's the mother coin, the original alpha project, and why we're all here in the first place.
For example, while a few people might be talking about the price of Hive not being motivated, I must say that the general objective of focusing on other aspects of the Blockchain keeps a lot of people going. Without alt projects BTC becomes boring. Why? Depending on price action to stay happy is not a way to live, and of course, alt projects bring essence and color to the general market. Of course, we're all looking to BTC to always kickstart anything. I don't think this will change.
Why?
The money flow in crypto will always remain the same, as long as BTC remains the biggest and recognized outfield coin. This isn't a problem as all Crypto projects basically have their role to play. So back to hive. I think ignorance is bliss. What do I mean? I think everyone should just keep doing their thing and avoid checking or comparing the price of hive to other projects. Infact I implore anyone who cares to listen to ignore looking at the price for the next six months. (This might be impossible because of dapps like inleo or peakD) or better still, look at the price, but don't be over-emphasized about the price and just see it as figures.
Once again, I'll use my regular cliche; "the market will do its thing" So the best thing is to completely stay ignorant, not chasing after ETF news and all that. I get that most people are anxious. They cannot take away the anxiety of wanting to know when they'll exactly become rich. For some, it's the endless years of wanting to get it right after they messed up in the last market. These sentiments make the process seem a bit slower when in actual terms, there's nothing amiss at the moment.
It's not in our nature to want to stay unaware or ignorant. When it comes to things like health and money, it's difficult to stay disciplined and choose to be ignorant. It's a human thing. However, maybe it's my numerous hospital sessions that have made me unaware of the market. When the last run happened, I was in college struggling to stay active and didn't pay much attention to the market, now it's my health condition.
It's not easy to choose to be completely ignorant of the market, I mean, some people have coinmarket bookmarked, and they have itchy fingers. We're prone to anxiety when we're filled with expectations. At the moment, the market is not moving much and I suspect this might likely remain the same for many months.
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Since the market is not moving our way, we’ve decided to ignore😂😂
You’re right though but we need to always keep ourselves updated
"Updated" doesn't change how the market will eventually turn out.
@hodlcommunity thank you
It's actually been a while I monitor market so I am ABIT not aware of this. But it's would be something of joy if BTC could make that mount of moving forward and not downward. But can we really agree to the fact that what goes up would surely come down??
The market is doing it's thing, surely we will see
Let's hope then
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Thank you
I have been wanting and dreaming to know when I will become rich through crypto but then, I don't understand anything again, haha 😂
Anyways, I have started lowering my expectations before I develop high BP
Haha...
Last bull happened when I didn't know about crypto..now that I am aware of crypto, I have been on endless waiting...without a particular time it will happen
Lol
Let me come and be going 🚶🚶🚶
Great write up bro. There was so much hype about the ETF, that's come and gone leaving btc and crypto as a whole a little boring. BTC is slowly coiling up and pretty soon we will see the effects of the ETF and increased publicity. Don't forget the halving is this year too; patience will be a virtue going forward.
Thank you for sharing and enjoy the new week ahead :}
The market is entirely boring, but it's also stable, just like you've said, let's wait for the halving, however I don't see much happening till the end of the year.
It'll take a lot of discipline to not check the markets, but it's possible.
What might be easier, is the latter part of what you said. To completely stop comparing prices even though we know current prices of the projects on our watchlist are not doing well.
I take solace in the fact that checking the market every chance I get doesn't make price go up any higher or any sooner. Just like you said, the market will do it's thing. We just have to be patient until then.
Comparing prices makes people paranoid, I know they want to see things move in a different direction, but they just have to hope and wait and hope the witnesses do things differently. As for the market, it'll move with time. I just like to think comparing prices don't do any good.
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I think the bullish elements like the ETF and the halving have kind of been baked in. In a way, BTC needs a catalyst and the bulls will definitely want the weak hands to leave. So in a way, BTC is likely to move heavily in one direction depending on how things go. Let's just enjoy the rest because once things push off, we might not have much time to think.
Yeah I agree, but I still think we need to see how the market reacts to the halving even if I think it won't do too much. The weak hands are gradually fading out and for now, I think it's just a watching and waiting game, so we'll wait and see how it goes
Where your heart is that is were your treasure will be.