The Biggest Ways To Unintentionally Create FUD.
The reality of a different financial situation can be alarming and the crypto bear market is one of such. A lot of people understand the bear market, but it's very difficult to normalize it and this is due to the kind of impact that it brings to the table.
It changes the real-time plans of people and the psychological effect of experiencing such a change is why people still sulk and get depressed even when they know that the bear market is inevitable. Honestly, it's a cycle.
There are so many reasons why this cycle is necessary, one of them is buying back everything you've sold during the bull run. However, it's difficult to accept the reality of the bear market no matter how enlightened we are. This is because there will always be a constant reminder of the "new reality" every day we wake up to a sea of red
How far?
I don't know how far we'll dip, at the moment people are beginning to speculate. These speculations are due to them trying to place meaning on what's currently happening. This is because at the beginning. Everyone thought it was going to be a mini dip, then recovery like we've been having since February.
But in the past two days, the dip has taken a different plunge and people are beginning to get the 2018-ish vibes. In reality, spreading speculations is what will do more harm than good, another thing that will do more harm is being glued to social media.
Places like WhatsApp and Twitter, and people making memes of the dip creating FUD with the gloom. This makes it even more difficult to build because a lot of crypto faithful will begin to imagine if the effort at building or accumulating would be worth it.
Owning BTC....
I don't own that much Bitcoin, so I wouldn't be affected by the FUD created by bitcoin maximalists, however, let's come down to Hive we've seen this thing before. 2018, when the chain was still steemit. The crash was so bad, that it was difficult to cope.
I don't think we'll see that kind of crash again, and neither do I think Hive will hit its ATL. I do not want to create any predictions other than this bear run might be better than what we saw in 2018. I tend to think that creating these predictions brings bigger fears.
So many blog posts are already beginning to create these fears. I'm already seeing these posts and majorly, I think they'll affect the newbies more especially those who signed up when the bull was at its peak.
Any Previous "Bear" Experience?
I have survived one full bear market already and honestly, I've forgotten how I did it, I just tend to think every individual should individually find different ways to cope. This is necessary because following the financial advice of others in a critical moment where sentiment tends to beat the tenets of logic is something that might have repercussions.
For me, I understand my coping mechanisms, however, it might not work for another person the way it worked for me. It's worse when others try to influence others by seeing things from their perspective.
At the moment, everyone's perspective is clouded by sentiments and this is because people are trying to keep their cool, however, it's also still difficult to do this especially when you wake up and your portfolio has taken another hit and you're in anticipation to what the bottom will feel like.
Worry, Fear & What's At Stake
This might probably be the last post I'll make concerning the bear market. It's here and it's inevitable and there's nothing we can do to change it. Let's not forget it's time to build, different people should find their unique way to build and this also extends to building one's life to be detached from the impending disappointment that might occur due to this dip.
Another thing is, that this is the time to grow one's stake on Hive. This might not be motivating enough, because we'd see people who would leave, we'd see people who would contradict their goals, and we'd even see people who would begin to influence others with their negativity. But if you're brave enough you'll understand that these things are not new to Crypto.
Don't let yourself be psychologically keyed into these feelings and emotions. If your plans are good enough, activate them, and don't let the financial decisions of others influence you. I don't know how long this bearish situation might last, but I'm in until it's over.
Interested in some more of my works?
Crypto & The Outrageous Learning Curve: My Splinterlands Journey As A Case Study
Understanding & Adjusting To The Real Purpose Of Motivation
Thematic Expression: African Child (Shot & Edited On My iPhone 12)
How I Create Original Images for My Blog & Why This is Important
Budgeting: Paying Yourself First With Crypto
Establishing Compatibility: A Case For Self-Improvement
@Josediccus, your brother-in-pen & heart
I'm hoping to reach more people who are broken at heart and spirit, so share on any platform or reblog
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