Anxiety is a big drawback for anyone who is investing in crypto currency. If you have anxiety problems, then it's pretty hard for you to become a successful investor in crypto world.
Coin prices switch up and down constantly, you end up stressing yourself for watching Coinmarket frequently. You mind constantly keep telling you to buy or sell. You will have so many questions in your brain. Because Coinmarket is highly volatile, it keeps going high or low in matter of seconds, minutes and days. Cryptocurrency market is pretty different from main stream investment markets like forex and stocks.
If you are into defi yeild farming, then your anxiety hits you in another level. You constantly switch between the farms because of the rapidly changing APR or APY. And it costs you so much in the form of fees. You need to unstake, you need to remove liquidity and then you need to provide liquidity, stake in new farms. All together costs you 4 to 5 dollars if it's smart chain network. But if it's ETH network then you end up paying so much in the form of fees.
I myself removed liquidity and switched between farms in short periods, as a result I paid more fee than what I actually earn.
Most of the defi websites shows High Apr, when you provide liquidity, Apr goes pretty low since many people fell in the trap of high APRs. So you better need to invest in reliable defi websites like #cubdefi, APR on cubdefi doesn't fall like other websites within a day.
Anxiety vs Altcoins
You probably hold 1 or two major coins but you see another coins getting high. You have no money to buy them because you invested all into two major coins. So you end up selling them and buy those new coins, since they are going high. You bought those new coins when the price is high, by the next-day price of those coins will fall down because of the sell pressure. And again as a result, you end up losing money in short term. Anxiety would make you to do these all, because that's how it affects people.
Anxiety vs Market prices
As we know prices switch pretty fast from high to low, low to high in Coinmarket unless you have a stable coin. When the price is going high, your mind says price might go much higher. You probably wait for a while but suddenly price go down within a blink of an eyes, that increases your anxiety more.
When price is going down, your mind says " probably price might go much lower, so it better to sell now ", with this anxiety you end up selling sometimes if you are not a long holder. #proofofbrain
This anxiety makes you to fight between you and your brain constantly. It's not good for health. You need to find good coins to invest and try to be a long holder. I'm working on my anxiety, not watching crypto market often makes you less anxious. #proofofbrain
