Crypto is currently in a state of stagnancy as the price actions we're currently seeing is drab and less exciting. When it comes to Bitcoin, there's nothing innovative except the tech and the price and the fact that it is a store of value.
The inability to be "more" is why the market seem to experiences boredom when the price decides to settle and the SEC drama reduces.
To be very honest, this is the longest bear market ever, and psychologically speaking, the damages made by Do Kwon and Luna as well as SBF and Gensler, have created a huge rift.
The prices are still as bad
.......and probably until BTC finally breaks 35k and approaches 40k, this might be when we'd begin to see positive progress. November and December last year might probably go down as the scariest time ever for Crypto.
The crazy predictions we saw were enough to send a lot of people panic selling, the damage to retail investors and people who were just holders was unprecedented.
I mean, the 2018 bear market was just as bad, but it's probably not as bad as what we saw in late 2022. Back to my focal point.
A lot of people still don't have a plan for the bull market
......and this is because the lack of positive momentum in the price creates an illusion that we're still far away from the bull market.
One of the things that some people mostly do is to watch for indicators that herald the bull market before they begin to make plans, and why not? People who just want to make little cash are always after certainty.
The certainty that the price is heading in a positive direction. However, we all know that this isn't the way to invest.
Crypto can be life-changing,
......but sometimes, this requires one or two bold moves and without these moves, the bull market will only be a period to raise your standards of living without raising any substantial aspect of your life that requires changing.
In reality, the bull market is once every four years, to be honest, four years isn't four months, and if a person waits every four months to just increase their standards of living, they might just get to see 4 to 5 bull market in their lifetime and still their life is as volatile as ever.
A lot of people underrate Crypto, they allow the market sentiment to control or determine their resolve or plans for investment.
They just want to keep riding the waves until the next bull market, without having a solid plan of capitalization.
Crypto might not give you too many chances.
.....this is why you have years of bearish trends and only a few months of bull run.
However, the only advantage of these bearish times is the opportunity to recognize decent projects, build with them, invest, as well as have a plan to take advantage of when the bull run finally shows.
The bear market helps you understand projects that might be solid. The bear market isn't meant to be a period of stasis.
This is where the main work lies, but unfortunately, the illusion creates by price actions during the bear market, creates apathy. This is how crypto is, this is how it'll be forever.
There's going to be constant inside sabotage, bad actors will always be around, and Twitter influencers will always be there with their outrageous sentimental predictions.
These are elements of the crypto market, and without them, crypto will have no identity.
There's no way we'd ever have smooth bear markets. The one we're currently facing has turned the resolve of so many people Inside out.
Shutting Out The Noise
However, the main reason why it's important to shut out the noise and proceed with your plans is that you only get one shot at the bull market.
Know your plans deep down, stick with them diligently, constantly build without wavering, sell less of your coins, and find ways to accumulate more, no matter how difficult it gets.
Remember, you only get one shot every four years, and never think you'll always have the chance to see the next run after this. What if you don't?
Interested in some more of my works
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Virtual Bank Apps In Nigeria: An Experience Of Gamification
How To Find The Next "BIG" Meme Coin
Personal Finance: Achieving Intentional "Saving" Goals
Playing The Survival Game: Human Nature In Introspection
