Embracing the after effects...

almost 2 years ago

I was quite surprised, when I woke up today! The market was finally showing some positive signs after a long time. It suddenly felt like as if the whole crypto market has been brought back to life. Bitcoin crossing the margin of 20k and still hovering around that price, it is so good to feel that scenario once again. Altcoins have followed back! Brings back some good old memories.

Some incidents of the past

There were few incidents in the past where it felt like, "as if this is it, for crypto!" Well many people claims it till date about the existence of crypto. Only time will say, what would be the end result of crypto. Either it will be a savior in the current monetary system or it is going to be the other way around.

I was having a conversation with one of my good old friend/brother (He is much older than me but treats me more than a friend) who was in crypto during the bulls. Evidently he made some very good money during those times. To my knowledge, I would say it was his golden moments in crypto. He probably never made this much money within that short period of time. Well, not only he but I would say almost everyone made money during the bulls. In whatever project one invested upon, they eventually got profits out of their investments. Making crypto one of the best investment project out there.

With the turn of event our small talks started to run towards crypto and investments. He still remembers those golden days and was inquiring about how and what am I doing lately in crypto! His prime question was, am I still involved in crypto! After being here (in crypto) for this long I have some sort of gotten used to these kind of remarks. Getting negative feedback from people and everyone who lost in crypto.

So, it was sort of a common question which I had to deal with. But after discussing and going through some ins and outs of the current situation of crypto with that brother, he was still sort of skeptical about his decision. I do not blame him since the current situation of the market has really taken a hit for everyone of us.

Our Human nature

Our human nature is difficult to understand. When you make a profit in an investment that product really gets the best value in our thoughts. But if the same product gets out of hand or one makes a loss in it, the value of that product turns out to be something else. Something similar is sort of happening to Crypto at the moment.

While today as I saw the market turning green and suddenly influencers on different social media profiles have started to share their portfolio and remarks about crypto. Whilst, they are silent all this time and this sudden breakout of positive remark has made them resurface once again. The irony of market and how tragic this situation is.

Surviving the Bear

Those who have been going through the bear market from the very beginning of this running downtrend, they should know how troublesome it has been. This sudden break out might not be the one that we are expecting but with this pump there has been light sparked within the crypto community. It was much needed. No matter how small this spark was it was good to feel it!

Well, we are aware of the fact new money getting in on crypto could turn the things up and seems like it is indeed a true fact. I was reading an article somewhere where someone have invested upon almost a billion dollar today which probably have shaken the market. I searched for that article but could not find it again. My bad! But even this news might be fake but something has happened which turned the market positive. That's something to cheer for.

Making it work

All I am saying, these are hard times that we are going through! Things could turn out real bad as well in the coming days. As according to the charts and all we are yet to see the bear markets full form. So it might be nasty as we speak. So better not be too hasty with our decisions and be prepared for whatever the situation which may come at us. Lets be ready and survive the bear and chill during the bulls.