The Sentimental Reassurance To The Purpose Of "Buying The Dip"
The need to be prudent is the biggest response to most bearish situations and this is specifically because no one knows the bottom of the dip. During bear and bull seasons people become experts shilling expectations, what's likely and what's not likely.
Most of the time, these things end up not happening, but we often take comfort in these speculations as it has a way of anchoring our fears to some certain state of validity. For example, everyone knows the bear market is here, but it brings uncertainty as to how long it might last. However, there have been predictions.
Some people feel that this bearish season might be short-lived and not as deadly as what we saw in 2018, others believe this might even be more terrible than 2018 and some other feels that if BTC bottoms at maybe $20k then the next bull run might bring a new ATH of $100k
Buying Due To Pressure
One thing synonymous with these predictions is that none of them might be true of the crypto situation we've found ourselves in, but these predictions help us to be anchored into hodling or probably buying the dip.
The truth is, some people don't buy the dip because they're going to make money, the reason they do so is that they're anchored into some of the nicest things being said about the bear market especially when it comes to price predictions.
Another thing that's often preached during bearish situations is "buying the dip". It's become a meme and a global anthem for the crypto community on Twitter. Now, "buying the dip" is more of a sentimental move rather than a logical one. This is because previous success doesn't guarantee the next success, but this is entirely different with crypto.
A Pattern To The Bear & Bull
A lot of people in crypto have noticed these patterns to crypto and it's become a repetitive process over time. Because of this constance to Crypto, there's always an assurance that comes with "buying the dip" and this is more of an emotional rather than logical assurance.
Any logical person wouldn't buy crypto. Most people who follow the principles of logic when it comes to investing or not investing in crypto have missed out on opportunities to become millionaires. This is one of the marketing strategies that validates the concept of "buying the dip".
Because the ratio of people who have profited off of buying the dip is proportional to those who failed to take the opportunity to profit off of it as well. Hence, the fear of financial repercussions is something that makes some people buy the dip.
The Fear Of Repercussions
The fear of repercussions is a sentimental inclination. This often drives some of the crazy decisions that make people fail or succeed. This is to say that there's just a thin line between madness and sanity when it comes to crypto.
Above all "buying the dip" mostly appeals to the emotions especially when we do not want to experience regret. The reality of crypto is that we're living in a bubble. Constantly talking about "Moon or bear". We've come to realize how impactful bearish seasons can be, it eats deep into our finances and even gets to control some socio-cultural aspects of our lives.
The reason some people stay adrift during bearish seasons is because of the promise of better days ahead and the favorable predictions of some of the crypt experts on Twitter. This is to say different people tap into different sources to find inspiration to not go crazy during bearish situations.
Keying Into The Right Price Movements
I've always found it easier to believe bad news than extremely good crypto news. This is a coping mechanism rather than doubt, disbelief, or pessimism towards it (crypto) I was one of the few people who never believed BTC would do $100k last year and while I'm pro-HIVE and BTC lover, I still feel there's a limit to how we pull rabbits out of hats when it comes to crypto.
This is a way of saying crypto money isn't magic. It's systemic even if it's a protocol for sophisticated technology. Overall, the bear season is inevitable and during our lives, some people might be lucky to experience over 10 bear and bull seasons.
We already know how volatile the process is, but one thing is, that there's no shortage of surprises with crypto. If I believe that BTC might do 100k in the next bull run, this is mostly because I feel I need to create some sentimental reassurance that buying the dip is necessary.
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
Posted Using LeoFinance Beta
