It was a long day today... I have recorded this video early in the morning, but I didn't have enough time to write the description and publish it before, so I'm doing it late in the night... But, if I draw the line, I have recorded it exactly when the BTC was almost at the same price as it is at the moment of writing this (40K)... In the meantime, it went down to 30K, and now we are where we were in the morning... What a rollercoaster...
Anyways, the topic of this video, and post in general, isn't the market, or volatility, or Bitcoin, but it has a lot to do with it... The market is in red, and everything is burning all around, which is usually the moment when people can't focus and "do the work"... It is understandable, and I'm one of those who have been distracted by the market's action all the time... But, I'm working on "bypassing" that and trying to avoid that "temporary blindness"...
As a matter of fact, sometimes I'm more distracted by markets when the prices are going up (aka, the "counting money effect"... when we are planning houses, trips to other continents, and Las Vegas gambling... lol...). So, the main idea of these markets is the same as I was "preaching" before many times... When everyone looks on one side, you have to look in another way...
To simplify things, when I saw that BTC is going down, I didn't feel well of course... like every other BTC holder, it hurts to see that image... But, I didn't panic, or sell some of my bags, or did some other crazy things with my long-term holdings... Yes, I needed these 2-3 days to realize and ACCEPT the current situation... It can be the case that we will have a bit longer break until we see BTC at 50-60K, but that doesn't have to be the truth... In any case, we can't do a lot about it...
But, what we can do? Well, that was the other part of what you realize when your head calms down... :) When prices are in red, it is the perfect time to accumulate crypto again... When nobody is creating content, you should do that! Yes, it looks that you are earning LESS if you convert earnings into USD or other FIAT currency, but that HIVE, LBC, or any other crypto amount is the more-less the same as it was before... So, when the price goes up again, you will have more...
Red is for accumulation, green is for spending...
Thank you for your valuable time,
ph
Music in video:
Growing Up by Scott Buckley https://soundcloud.com/scottbuckley
Creative Commons — Attribution 3.0 Unported — CC BY 3.0
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