I am a FUD survivor
There seems to be a high level of optimism about the crypto market and it is currently reflecting in the market. I won't call it a bull market but at the same time, I won't bet against it.
The past couple of attempts to go on a bull run have been cut short by cataclysmic Fuddish events. Alas, that has been a common theme for a while now and it sort of keeps you on your toes.
I'd like to believe the worst is over and that the market is on course to a prosperous period but I can't. There's this tingle at my spine that is alerting me of imminent danger.
Alas, at the end of the day, it could just be paranoia kicking in. When you think about what the market has been through in the past couple of years, it is within logic.
FUD Survivor
I know quite the number of people that have rage quit crypto as a whole. We were in a bear market and we still might be in one but the catalysts of the downturn in the market was a bit too sour for many to take.
I'd like to say that I'm not casting aspersions on anyone that chose or chooses to quit. Truth is, it is well within their rights to do so because it is their money.
At the same time though, it is important to stress that while the events that led to people quitting were carried out by bad eggs. Naturally, crypto gets a bad rep but it wasn't the fault of crypto, as an entity.
Was crypto the reason Luna was over leveraged? SBF was a scammer and nothing more.
If you take a quick trip down memory lane, you'll find that all the Fuddish events that have transpired through the ages have all been by opportunists and scammers. Yes, they used crypto projects as their weapon but that's basically how we use knife to cook in the kitchen and others use it as a weapon to commit crime.
Bullish
Incredibly, the crypto market survived these events but it wasn't easy. The usual vultures were circling, waiting for a chance to eat the carcass of the industry.
The mainstream media were on hand to drop as many negative opinions as possible. There were conversations about the market going to zero and all sorts of crazy stuff being published.
Politicians and the feds were eating the events up. There were new conversations about regulation like that has ever stopped criminals from commiting crime.
Seriously, the crypto market was the target and everybody was taking their shot. Despite all of this, the market survived and today, we're talking about a bull market.
The numbers are not as green as I'd want them to be, particularly with certain targets I'm trying to reach but I'm more bullish than I've ever been about crypto.
Posted Using LeoFinance Beta
In the stock market 80-90% of the private investors loose money, in crypto that will likely be a similar figure.
The reason is emotional trading. Buying when things are going up and therefore expensive, selling when things go down and are therefore cheap.
The brilliant thing with hive is that ik earn a little bit in many ways, so you can experiment without big risk to see what the market does over time.
I have made a couple mistakes, but it only cost me a couple dollars that I got for free anyway. Those were very valuable lessons.
A big lesson is that when the last person had rage quit, is when the market turns.