BTC is currently at 66K, attempting to rally again. At 74K, many people believed the market was primed to reach 100K, so they threw in all of their money, only to be met with that correction. It is shocking, I mean, to be clueless when it appears that you have all the information you need to make the right decision. Crypto feels unfair, especially when you believe you have made the right decisions, devoting the bear market to gathering funds here and there, only to be undone by a single mistake.
It hurts even more when we think about the possibilities we could have made a reality; it is like having the future in your hands and messing it up. We are more angry at things over which we have control, especially when we believe we can do better. Life does not come with a pamphlet; we learn as we go, but learning is difficult; either we become lessons for others or others become lessons for us.
People are learning curves for themselves, but it hurts when the consequences of our actions turn into a serious learning expedition for others. Not everyone will become wealthy through cryptocurrency, and the most unfair aspect is that even the most dedicated individuals will suffer losses. It is not because of anything they did wrong; it is because of circumstances beyond their control. It is like eating well, never drinking alcohol, and still developing fatty liver disease.
Sometimes It's Just Bad Luck
Two prominent Nigerians died recently, according to news reports. Many people may believe that they were careless with their health and diet, but this could simply be a result of bad luck. I know many people who have eaten recklessly, smoked harmful substances for years, and their health is still intact. I am not saying people should not be intentional; I am simply saying that some people fail regardless of their intentions.
For example, some people purchased BTC at 36k in November and sold it at 74k in March, not for the first time, and made a profit. This does not make them gurus. Life creates or destroys, and sometimes it has nothing to do with your efforts or lack of preparation. Indeed, it (crypto) reflects our sentimental reality. One simple burst of sadness or happiness can upend everything we have worked for, which feels harsh, but it is all part of the game. Life is a game, and sometimes the decisions we make are simply calculated gambles.
Nonetheless, we must each do our part. In the Bible, *Mathew 25 discusses the parables of the five wise and five foolish virgins. Five were ready, five were not, and the consequences of their actions caught up with them (the unprepared). Although life can be unfair or fair to anyone, that does not mean we shouldn't. I was born with this chronic condition, and I spend the majority of my time blaming my parents and the essence of my existence. You live carefully, eat well, and still end up with health complications that are completely out of your control. It is like fighting to avoid defeat because you know you can not win.
However, winning is subjective,
and aiming to win can be one's Achilles heel. So, most of the time, I just tell people to try to be comfortable because in the pursuit of success, they become greedy, ask for too much, and lose their position. For example, many people lose sight of why they are chasing crypto profits in the first place: to be comfortable, wealthy, rich, super rich, or to escape poverty. Sometimes I believe that knowing why you are looking for gains influences your attitude toward the market.
People who want to save money to start a business or escape poverty do not gamble on the market; instead, they go for it and take whatever small gains they can get. Even if you are extremely fortunate or unlucky, it is critical to know who and what you are, stick to your plans, and understand your limitations. It is true that the alts are not doing well. BTC and meme coins appear to be performing the best, but think carefully before moving assets. Control what you can and hope for luck.
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