Life is all about a little bit of hope waiting for something good will happen. The same applies for everything even Crypto currency too. Waiting for a specific coin price to go down so one can buy it or to go up so one can sell it. There is a proverb in telugu language that says:
Aalasyam, Amrutham, Visham.
It states that anything that past waiting period is like a elixir, past elixir is a poison. The time gap between the situation is simply iterated by these statement in real life. There will certain time pertain to everything and if it passes, it's not worth it.
In 2021, while I was searching for TV just to know which models are the looking good with configurations at low price I found one particular model which caught my eye. It was a TCL company Television model IFFALCON. It was a 4K LED Ultra HD 43 inches smart TV. At that time it's price was Rs.24,000/-. But at that time my bank account was a joke due to the expenses occurred for constructing our house. At that time we own a VU 32 inches LED TV. On that day I have decided that if I purchase a TV next, it will be this TV only. I have added that product to cart on flipkart. Once a week I used to just look at that TV while just surfing.
After around one and half year on September 22nd 2022, while I was browsing I again checked the price of that product. I was surprised to see the price of the TV, it was just Rs.18,000/- and in that too after using a SBI credit card the price came down to Rs.17,188/-. At that time also I don't have money to purchase it, but I thought to myself I will not get that TV at that price again and I just bought it.
Screenshot from my phone
It was delivered on 24th of September and installed on the next day itself. It's been around one year and didn't find any problems to report on it. It's maybe because I love this product and you know it when we love something we can't find their imperfections. Four or five months back back there was a sale on flipkart and my colleague had asked my suggestion to purchase which TV. To show him my obvious choice I was again surprised to see the price of the same TV. It was around Rs.42,000/- and I was shocked to see that much of price difference. I showed the same price to my colleague and also showed him the price at which I purchased, he also shocked how much money are they making from that transaction if anyone purchased that product without knowing its previous price.
I wanted to show you that price, but its not opening and showing me an error. The TV series is K61 in IFFALCON by TCL.
Screenshot from my phone
The main thing I wanted talk about from this article as a lesson is the proverb I quoted at the beginning of the post. When I first saw that TV on Flipkart I didn't purchase right away and I can if I wanted to but I didn't. I have waited and it's past waiting period and one fine day I purchased and if only I have waited for much longer, then the price of that TV would have rised up and I would not be able to purchase it. The waiting period is called aalasyam, the purchasing period is called amrutham and the price hike period is called visham.
This also applies to crypto too. The moment we wait for a purchase or a sell is the aalasyam and the moment we buy or sell is amrutham and if it's price goes up or down that we didn't anticipated is called visham. If we already had buyed, then the waiting period of HODL is aalasyam.
