The bear market has strangely been hitting harder than we thought and this is probably because of the regularities in the price movement. One thing I've learned so far is that there's no smartest person when it comes to crypto.
People who consider themselves crypto influencers are majorly influencing others based on their sentiment, assertions, or ideas which isn't a reflection of what the future of crypto would be like in the long run.
Let's be factual, most of what we call the truth or fact is what we usually hope for. I remembered when BTC was recovering after hitting 18k some time ago, a lot of people felt it was the bottom, the truth is, this is all hope because we can never tell.
The Validation To Hodl or Sell
Sometimes we expect a certain kind of resistance but then, we don't see or get any of this. It doesn't make sense, we want to place a certain cap, a certain valuation, but then the dip gets deeper and the fear alone is bigger than the fear we're even experiencing.
In a bear market, we're often looking for validation, an expert who would tell us something positive amidst all the doom and gloom. I get it. We need an aura of positivity to keep holding on.
This is why some crypto owner spends so much time on Twitter, listening to influencers and people who are overly negative about crypto. This might seem like a strange way to obtain catharsis, especially when one's on the verge of making mistakes due to fear and doubt.
The Rationale & Sentiments
Fear and doubt are emotions that unsettle our resolve this is why we have a lot of sentiments when it comes to Crypto. We have more sentiment than rationale because we're more emotional when it comes to money. Let's take a look at the dilemma between holding HBD and holding Hive.
One of the reasons why some people would prefer to hold the former is because of stability. Anyone bringing an external investor would firstly want their funds to be safe before thinking of making a profit.
This is why HBD is tailored toward helping investors transition to the wild wild west of Hive. However, we understand that we cannot seek to be stable because stability means maintaining a certain position and this might not be profitable.
Hive & HBD; Making The Smarter Choice
A lot of us experienced Hive's ludicrous run to $3.41 in late November last year, for example, a person holding HBD before this run would have found it difficult to take advantage of that run, but then should the case have been the opposite, they'll have been safe, but then safety when it comes to financing and money isn't necessarily growth.
It gets to a point in time where we'll need to sacrifice that stability in other to seek growth. However, there's a downside, HBD brings stability and offers 20% APY on the other hand.
Hive growth isn't capped and the chances of having "more" is always there but the chances of losing are there. Some of the people who have been here for over three years would choose Hive because they already understand the possibilities.
How Far Can We Go?
However, let's not take away the shine from HBD. while it's not completely your definition of the perfect stablecoin, we can say that the APY it offers can comfortably cover up for the lag in maintaining consistency.
I think we begin to explore the various advantages of having a stablecoin we'd understand how far HBD can go.
Nevertheless, choices are distinctive and relative especially when it aligns with the sentiments and belief of people. This is why I think that crypto sentiment thrives more when people are fearful.
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