People who are not involved in cryptocurrency believe that the psychology behind crypto investing is flawed and dangerous, and that they do not want to swim in that water. I would not say they are entirely wrong. Crypto can be wild, in fact, it is wild; volatility can ruin you, but it is also a two-edged sword for those who have mastered the art. It is like riding a wild horse; at first, you are like "Oh no! this thing will get me killed", and it feels like it is not worth it because of the uncertainty and danger.
Uncertainty is probably the most important factor, and it is what most people fear. However, proof of profit is the most important factor driving self and personal adoption, becausemoney makes all risks worthwhile, then there is the bear cycle, and everyone's back to swearing, using the F and the S-word.
Crypto is not a traditional investment; there is no guarantee that you will end up like Prince Charming or have the happily ever after of Snow White.
Thus, we cannot always say "for sure, this is how it ends". It's left for everyone to individually figure it our and wise up. It is not like throwing in five bucks and expecting to get ten dollars six months later; it is not even a waiting game; you need extensive knowledge, individual brilliance, and technique; unfortunately, for some people, this is simply too much to give.
For example, if you look at this market cycle, it is not completely the same as the last or two cycles ago.
The Feeling That The Last Cycle Was Better
Many people are now thinking that some coin would have done X100, but this did not happen in 2020 or at this stage of the market in the previous cycle; it is just their minds and all that emotion. However, this cycle differs in that the ETFs interfered with the movements. Seeing an ATH prior to halving. It was not something that had happened in any previous cycle, and it led many people to believe that, hit or miss, BTC would reach $500k.
Unfortunately, that balloon has been deflated. I believe that many people are the architects of their own disappointment, and that their inability to simply stand still and wait is the primary source of volatility. I believe BTC may have done all of the pumping it could for the time being, and the only thing it can do now is correct and consolidate.
It is even sadder because the alts never joined the party
.....but realistically, the movement has not even begun, and we are neither here nor there. That is why I believe movement will wait until the fourth quarter of the year.
However, there is no analysis you can perform; I know that many people have a gut feeling that the bull market has ended. It is a ridiculous thought. I have personally witnessed two cycles, and while I do not believe all cycles are the same, the fact that the BTC reached its previous ATH due to the ETF does not mean it is over.
The Time Is Now
This is the time when I believe people should begin to educate themselves even further. It is okay to constructively criticize and be angry, but being excessively gloomy and negative is just messed; sometimes these sentiments are based on underperforming market factors, and sometimes it is just people projecting their opinions.
The "Hive" Elephant In The Room
I have personally witnessed this with some Hive users: when they receive downvotes, they go about writing about Hive, claiming to hate the whales of the ecosystem, but it is simply a misunderstanding they had with one person. They still do not stop their posts from earning rewards, which is insanely hypocritical.
Then there is our overt dissatisfaction with the ecosystem. I understand this in general.
Personally, I believe the overall market is affected; altcoins are not even moving at all. However, this does not imply that Hive is clean; I have general criticisms as well, such as the DHF funding and how it is still not being fine-tuned into customized-marketing, as well as projects that extract value without adding value.
We have all of these, but this remains one of the best places in the space. Weighing the pros and cons helps you achieve an equilibrium, which is beneficial because it allows you to see both sides of the coin; being negative or overly positive can be blinding, which is not a good thing.
Interested in some more of my works