Good day buddies, many people have already tagged today as bloody Monday. Those that have been on the blockchain for long, traced back to 2018 can agree with me that we have experienced something more than this. For the 2018 gang, I will say that we are 90% not new to what we are seeing right now in the crypto market. There is this dude who F.O.M.O into buying #Bitcoin because of how the coin keeps rising. He bought the top and just just few days into the crypto world the dip hits him. He got afraid when he saw that the coin he thought will keeps rising is falling beyond expectation, he then panic sold. He chatted me and shows how disappointed he was. Well, when it comes to crypto, you should always learn to D.Y.O.R before venturing into buying any coin if not you will get disappointed along the line.
While running one or two crypto transaction or doing anything crypto related, you should know that you will get hit along the line. For sure, crypto can change your life for the best, don't get carried away by thayt, knows that it can also rekt your life. The road is not that friendly, always trade with caution. Always endeavour to trade with your spare cash or with what you can loose without thinking about it.
During the struggle, be rest assured to know that consistency is the key. If you have this mentality and you keeps failing, you will know that it is normal to fail, but giving up is bad. I was reading some quote and I came across this famous quote that states that we should not be afraid to try again once we fail, this time we are not starting afresh but from experience.
The above quote really triggered me and got me motivated. After coming across this post, my mind flashed back to 2017 when I was still new in the crypto world. Permit me to share you my story.
After being introduced to Cryptocurrency in the year 2017 by @valency, I never see future in this base on the ponzi mentality I still have. Before embracing the blockchain world, I was a big fan of ponzi. I am always everywhere doing all types of ponzi and if my life in ponzi scheme is evaluated, you will see that I did not achieve anything during my ponzi years. This is why I always hate ponzi and advice people not to try it, it will always end in tears and wasted years.
After being introduced to the steem/hive blockchain. He thought me how to make a post and the need to make friends in hive blockchain. I keep on doing this and I must confess it was not that easy. With consistent blogging and making friends, I was earning some little amount of money but boom, the bull run came and it was shocking to me.
I remember on that day, a friend of mine called me and told me to sell. I don't know how to trade so I chat those local buyers and they mentioned how much all the steem is worth and you need to see how I was jubilating. I made over $2000 after few months of blogging in the platform. I was amazed and this triggered me to keep blogging. I keep earning and I started investing into things that matters by taking the money off net. I started utilising the money but never knew dip will surely visit us. I brag and tell people to invest as I was hitting my hands on my chest saying steem/hive will keep increasing. But my assumption fails me we got hit by beer market and things falls completely. I learnt a lot from experience from that saga.
With the experience from the 2018 beer market, when seeing how Bitcoin was increasing massively in 2020, I know there is every tendency it will drop but some newbies fails to realise this not until they got hit. They have now gotten experience and will be passing out to those upcoming newbies.
From the above, it can be seen that both beer and bull run has it own opportunities and challenges it carries. When you see prices running up, don't because of F.O.M.O to make wrong choice, always endeavor to do the right investigation before investing into any cryptocurrency project.
This post is an initiative by me. Feel free
to tell me your bull and beer stories and
lez share memories. Remain bless
- If you love my post, feel free to comment and also support me, it will help to get me motivated. Remain bless as you read the post. Thanks
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Special Thanks to the @crypto.piotr (Founder) and the entire team for keeping the engagement high.
