It has been raining cats and dogs for the past four to five days, and this is the type of rain that begins in the morning and does not stop until midnight. I decided to go out to buy some food a few days ago and almost fell into the flood; there are sharp sands in the flood, and the entire area is experiencing some heavy rain.
I have been involved in some in-family activities that have left me completely frustrated, and I need to get to the market to restock some items as well, but the rain is still pouring down. This is the time of year when people rarely achieve anything. The rain follows an 18-hour cycle and rarely stops for anyone to do anything useful. If you do not work in a warm and cozy environment, you will hate the rain because it prevents you from getting your daily bread.
Apparently, I am also frustrated; I have an important deadline to meet, but it just will not stop raining. June is known for its torrential rains; the last time it happened, it was nearly impossible for anyone to do anything, and I hate the fact that most of my current plans require clear sunny days.
Unfortunately, that is what it is.
It reminds me of the crypto market.
September is a bad month for crypto, regardless of the market cycle, but it is not comparable to what we have right now. The market has been bleeding for over two weeks and shows no signs of recovery; this is when people begin to give up, and even those trading against the market may choose to avoid the market at this time.
Ironically, it is the best time to buy, just as the rainy season is the best time to plant in Nigeria, but you will have to deal with all of the rain to do so.
Nobody wants to get dirty or wet.
Getting stained is serious because it has repercussions. The consequences of throwing money at the market come with uncertainty, you are not sure if the knife will keep falling and you risk losing more of your money, sometimes you might just mess the timing of the market and get burned in the process, especially if you are that type who has a short timeframe where you are expecting to make a certain profit.
Nobody knows when these crashes will end; while they are ongoing, they provide people with incredible buying opportunities; however, we are not wired to see opportunity where there is negativity, energy, and sentiment. However, when this crash comes to an end, people will realize "oh I missed" that, while regret is easier to bear, people prefer not to lose, even if the upside is massive profits.
Consider it this way.
Nobody wants to go backwards. People would rather be stable than have the opportunity to advance if they abandon their current situation. It is like having a bird at hand but deciding to chase the ones in the air. Risk entails sacrificing your current position of comfort for the potential position where you want to be; however, if you give up that comfort zone and lose the place you are aiming for, you will be back at ground zero.
90% will not want to gamble with whatever money they have.
The crypto winter is hitting everyone, and you might get stabbed by the icy end of glassed waters. Everyone is trying to take care of themselves, protect what they have, when the opportunity to secure the future is so cheap. It is human nature that no one will leave their safe haven to pursue rabbits and nuggets until the storm passes.
Interested in some more of my works
Is it Easy To Make Money?
Nigeria: A Unique Business Market & Industry
Virtual Bank Apps In Nigeria: An Experience Of Gamification
How To Find The Next "BIG" Meme Coin
Personal Finance: Achieving Intentional "Saving" Goals
Playing The Survival Game: Human Nature In Introspection
"Un-PAYING" The Debt You Owe
