A land of opportunity that culminates into briliant ideas and in action . Crypto is that place.
Mighty green and red candles are a staple and only feature one gets availed to, when starting out, on a into the wild west of crypto. Followed by experiences of buying into a currency that has been out performing the market, only to experience the longest red candle the day you decide to buy into it.
Getting frustrated and opting to invest in the top ten currencies only to be told. “You can not make a lot of money from them”, becuase they have a large market cap. Not being emotionally strong to buy and hold for a long time finds one consistenly checking the markets regularly anf getting frustrated from the inaction of the market, only to start moving your funds ment to buy and hold large currencies into other projects that appear consistently on coin market cap , entising you to start spliting your intial investment in the top ten curencies into, riskier alt coins without doing your research adequately only to be rugged in some and watch other coins you boght literally loose value in your eyes.
However, this journey opens you up to reading about these currencies that made you loose your money and this process opens you up to finding interesting Youtube channels that are putting up news and revealing you to new interesting aspects of the marekt.
The magnitude of the market and the amount of currencies out there. Lead you into becoming a news buff at the expense of becoming active in the market, even in slow action steps like DCA into projects. Time flies buy only to realize you have become an avid reader of crypto news and what the people you chose to follow say about the market, begining to time the market at the expense of participating regardless of market conditions.
Others remain in this circle. For the longest possible time. Those that beome lucky and learn of block chain like hive and its various activities start growing there lot through participating on chain in various ways as they get revealed to deeper things of the market through platforms like Leo finance and other people talking about there journey on chain and how they got where they where
*As they saying goes: you will never reach your destination if you stop and throw stones at every dog that bucks at you *
Inaction creeps in from peope that spread the news, most of them who has converted you into the business that funds there crypto projects. Always assuming the direction the market will go only for it to go the other way and others spreading false news that makes you avoid pressing on to a particular decision even when you where clear it’s the right play, based on how you analysised the market.
To overcome the analysis paralysis that is as a result of the information others put out. One needs to step back and begin taking a day at a time. Adequately learning what comes there way and taking baby steps while changing those decisions that do not work for them.
Ultimately investing only what they are comfortable loosing.
