Introduction: The Opportunities in The Cryptoverse
Crypto has awakened a revolution in the human realm. Not only it is a place where new wealth is created, it is also where new hopes, visions and ideas emerged within the mission of bettering humanity. Essentially, what crypto brings is the expansion of equal opportunities to all human beings. Through decentralized, permissionless and trustless protocols, crypto offers us a choice and therefore the freedom to decide how we might want to live our life. It is this that makes crypto valuable and at the same time makes the opportunity for wealth here so great.
The Reality of Crypto Investing
Yet in the minds of many, this wealth opportunity is not permanent and should be treated hastily and impulsively. In phases of overt hypes and excitement, people often suffer from the fear of missing out on what they think is their only chance of ever getting rich. But most people didn’t just want to get rich, they wanted to get rich fast. This is when we see people’s appetite for risk increase. They overinvest with money they can not afford to lose, opt-in for riskier assets, borrow capitals they don’t have and begin trading with leverage, all in the hope of “making it” in the shortest period as possible.
This exuberance of impatience is what causes much of the irrationality seen in this market, We view crypto no more than ups or downs, green days or red days. We measure the success of a project based on the gains and losses instead of any real progress or concrete fundamentals. We became narrow-minded with our black and white perspectives on the space as a whole. We scream just as loud when the market goes up as it is when going down. We create unrealistic expectations in euphoric moments only to spread unnecessary fears when we enter dispair. We become the victims of our emotions, and not only does it hurt our ability to invest safely and soundly, it also hurts the credibility and the authenticity of the cryptoverse.
The Culture of Crypto
A big reason for what we are observing is the results of the culture we created in crypto. There is an extreme obsession with price in this space. It is said to be what facilitates adoption and awareness yet the reality is the large majority of price-inducing attention and interest are cheap and valueless. Some might say it is a reflection of growth and progression but this is a misconception. In crypto, fundamentals do not dictate prices. It may justify it, however, it is mainly market sentiments that drive prices, to levels that no one could ever expect or imagine, both to the upside and the downside.
The current culture of crypto does not concern with genuine adoption and things such as network effect. The game everybody is playing is predicting and speculating on how high or how low or how long, or how short these periods of hypes and pains are. The focus is on loading up bags at the very bottom and dumping them at the very top. For most individuals, this is how you win the crypto game, and it is this mentality that causes the mass to views crypto no more than a casino, a zero-sum game, and to utter things such as “decentralization does not matter”.
These are the perspectives oversaturated in the space today. People who hold these narrowed mindsets speaks no different than corrupted politicians and acts no different than the banks and corporations we wish to detach from the old system. They see themselves as the center of the cryptoverse and judge the success of the space based on how much it can profit them. These are the same people who would never try to understand crypto or do not believe in what it stands for and subsequently, they are the one who would intoxicate this space with nonsense and hopiums that benefits nobody but themselves.
The Harsh Truth For Crypto Investors
The honest truth is the majority of us do not deserve to be in crypto. Most of us are here to take from this space rather than giving. Most of us are here to consume instead of to create. Most of us are here for the hypes, to then turn cold when tough times come by. The matter of fact is we never value the things that are being built and are being given in this space. We never wanted the freedom in finding opportunities and in building wealth. All we wanted is the securities, the guarantee to get rich. All we wanted is to be told what to invest and how to invest. All we wanted is the magic pill that makes us successful without ever failings.
The majority of us don’t even want real innovation, we want more memecoins, more ponzinomics and more forked yield farms. We want easy money without taking much risk, and often when things don’t go our way, we don’t even take responsibility for our actions. There is always something or someone to blame, and if we can not resolve our frustration and failures, we turn against the space with hatred and bitterness to the leaders, to the communities, and to the future of crypto itself.
This is the reality of most market participants in the cryptoverse, especially during market downturns, where all eyes are fixated on the same number that is influenced by the least reliable and least rational factor called human emotions. Those who fail are those who often subject themselves to emotional thinking influenced by the mass. In contrast, those who succeed are those who can detach themselves from the irrationality of the market, and more importantly, the irrationality of they themselves. Yet it is easier said than done when you are a human, who is ingrained with fears and desires. So how do you “make it” here?
Finding Success in Crypto
By directing your focus on the objective reality, the progression, the bigger picture; by learning, exploring, involving and developing a deep conviction in something; by trusting the process, trusting the visions and trusting the leadership of those who wish to bring the best to the future of humanity. How you succeed in crypto is dependent entirely on you and your capacity to remains here for a long period of time, through both sunshine and rainy days, good and tough times. How you win here is a matter of how you look towards the future of crypto and what it can bring to all of us.
Without a reason to hold on to your investment, you will deem to lose hope and fail. Without a strong belief, you will become just another victim of the dishonest and the deceitful in this market. Diving deep into the world of crypto, you will find there is so much noise here. You will be drowned in the sea of human emotions, ready to engulf you in projection and expectations that are meant to impel you into bad decisions. But it isn’t your job to change the culture that exists in crypto. It is your responsibility to filter out the noise here and be in charge of your investment and your own financial future.
TLDR; Conclusion
There is a saying “ you don’t deserve 500% gains if you can’t handle 50% lost in crypto”, likewise, you do not deserve the success in crypto if you can’t build yourself up to handle the nature of this market. Understand that crypto is no heaven. It is not a place to save you from the misery of your own reality, nor it was never meant to satisfy your thirst for wealth. Crypto was made for humanity and for the collective. Perhaps with this realization, you will find a grip of where you stand in this space, and by adjusting your mindset and your investment thesis, you will ultimately come out on top as someone who is brave enough to take risks, while patient enough to reap the rewards.
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