Crypto bear markets can be hard on the mind. Especially in this latest run to the downside. Everyone talks about mass capitulation and how that's a good indicator for an upcoming contrarian move. And if that's the case, I've been getting those exactly same feelings today, except on a personal level. A little frustration here, a bit of despair there. It's an investor's cross to bear in these extremely trying times...
I did some accounts last night to ascertain my crypto portfolio losses I'd built up over the course of this year and the results were hideous, to say the least. Whereas a lifetime of financial freedom was presented to me literally on a plate, I turned my nose up at it in the hope that the markets still had loads of spare room to move up. Basically, I got caught up in the "boom euphoria" of greed that took the world by storm. What a damn mistake, as I'm sure many of you out there can relate to.
Given the recent events regarding Steemit Inc. as well as the planned future endeavours that have now been put on an indefinite hold, I got pretty depressed and fast! Being swept up in these markets can easily send you into a mental tailspin and I experienced some of that today. And if you've got no one to offload your feelings to in during such a sensitive state, the madness can reach critical levels. Lucky for me, I had a great remedy at hand in the form of @exyle, who soon put me back on the right track again. Not that I would have sold everything off on a whim or anything, but it was still quite an unpleasant experience to endure at the time.
But I can imagine how others feel. I mean, even what I'm doing now by typing up this post is quite therapeutic in a way. However if you have no medium to channel all your pent-up anger or exasperation, that would be horrendous. **Oh yeah, Steemit can be good like that. I mean, look at the drops in value of so many coins this year. Some of them in the realms of 98-99% (we ourselves currently sit at around 97%). This game ain't for the weak. I'd like to think I'm quite headstrong when it comes to markets in general, but I too can crumble if over-analysing the heights of which we've fallen from.
Talking about how you feel is mandatory to surviving crypto, at these early stages of the game. Bottled emotion can be like a toxic poison that will slowly eat away at your brain. So having wise friends or a solid community to rectify those periodical insanity-fuelled episodes we face, I consider to be priceless. The worst thing is being alone or feeling isolated at the mercy of some of the most volatile markets the world has ever seen.
