It's been 2 weeks since the market has been predominantly red. I am getting real tired of looking at how poorly the market has been doing. But the epiphany is that it is all relative. The market isn't doing objectively bad, just relatively. I am also getting very tired of the memes. All the ridiculous memes about how crypto was always a scam, how it is a gamble, and all the other illiterate non-sense that floats the boats of those who haven't yet had the fun of living off of the green candles.
One of the first rules I had learned before I joined the world of trading, at the time FOREX, was to get rid of emotions when doing so. In an immediate time frame, it didn't feel very effective. At every step, I always felt as if I was emotionally connected. In retrospect, however, I can see it did me more benefit than I could imagine.
The Relativity
When the market initially began crashing, I felt a little nervous. I constantly debated exiting as soon as possible while I was still in the green. The plan was to buy the very bottom and start over again, only this time the capital would be larger than I ever had.
However, the debate inside my head reached an incredible bottleneck. I wasn't able to find a good profit point at which I was content to exit...only because I am already in a very good profit point. The thing is I am, and will seemingly continue to be in profits for at least the next couple of months if the market keeps falling at this exact rate.
Relativity, you see. I started buying in almost 4 years back. 6 years back is my first purchase in the crypto market. I also had bagged a lot when the market was at its lowest in 2018 and 19. This made me realize that I needn't be emotionally connected nor consider an exit. I am chill, at this very spot.
The same should apply to basically anyone who got into the market before the end of 2020, at least to some extent. It is even better for those who have been around, and with some skin in the game from earlier. For example, in 2018, NEO at $10 or something and it almost hit $100 this year. That is just one example. Anyone who got into ether, ltc or btc in 2015 or something. Or 2013, if they have access.
The dip is relative. I am going to go fishing. I don't have the energy or emotional silo to deal with the anxiety or worries of this seemingly unimportant change in the charts.
Affiliate links
Huobi. Earn upto $170 with my link.
Appics
Splinterlands
Actifit
Binance
Ionomy
Cryptex
Uptrennd. Get 50 points with my link!