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The "Small Builders" Mistakes In Crypto

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@josediccus
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The bear market is an extremely difficult period in crypto. Nevertheless, it wasn't always that difficult to cope with it if you had a strategy. I knew players who followed their strategy to the letter and always came out on the other side to take profit.

The bear is a period where many people lose their portfolio, due to FUD and the saying that "bitcoin is going to zero", so there are always people who would sell through the bear market due to fear and begin to buy again when the bull run comes through.

Their loss is always colossal because they couldn't hold on to a unique strategy and throw in a little bit of gut.

No Gut, no Glory

For someone like me, all I did was feign ignorance from all the FUD, get another project different from crypto to work on, and keep finding creative ways to accumulate. Although most times, I fail at my accumulation goals but still accomplish my goal of staying away from FUD outlets as long as I can.

I'm someone who believes that no one should need more than three bull markets to establish themselves to a certain level, where they no longer care about bear or bull market.

However, a lot of people do not develop individual coping and building strategies, hence they end up always waiting for every bull market for scraps and they are back to being the same when the bear market comes again.

Ground Zero & The Fear Of Volatility

As someone who started from ground zero, I have come to understand the negative impact of volatility, the change in psychology when it's the bull and bear season.

One season, you're confident BTC is going to 200K and another season, you're doubting whether it would even struggle to not go below 5k.

All these are the psychological and mental volatility created by the swing in price

The only way this psychological volatility wouldn't directly affect one is if they had taken advantage of the market at one point in time to forever break free from the FUD and become investors for the technology and long-term as well.

FUD & The Fear Of The Future

One of the things I've come to discover is that people who give in excessively to FUD are scared for their future. While this is normal, the only way to get out of this psychological FUD system is to take advantage of the humongous profits that only crypto is capable of giving to stabilize your real-time finances.

However as I said earlier, building from the scratch is difficult because the biggest enemy of accumulation is distraction. It's easy to stop building when one loses focus and the sad part of not building is that one would always see the bear market as a horrific period when they could have taken the time to build.

Everyone in crypto should target a psychological level where they no longer see the bear season as terror but as an opportunity to prepare and x2 or x3 their previous portfolios.

The SEC causes Massive Drawbacks

Not a lot of people have gotten to this level and because of the present challenges faced by crypto, I believe it'll still take some people 8 to 10 years. No one likes drawbacks. The SEC and banks plus bad actors have been a niggling drawback to crypto in the past 6 to 8 months.

This will obviously affect builders. Although people who are already established builders will care less about the SEC and all these drawbacks.

This is because they know Crypto from the beginning, in fact, if there's one thing I know, they're constantly filling their bags to the extent that it gives the idea that they're not even after the profit alone. Of course, they are, just that they're also solid believers of the technology and the futuristic gratification of attaining unimaginable wealth.

Crypto Whales Are Always There For The Ride

These people are not after the short-term swings of the price, in fact at one point in time, they know Crypto will face challenges. Of course, attaining this height is obviously not for everyone, but the truth is that everyone at some point in time should aim for a position where they'll never have to care about volatility again.

Of course, this is the goal. But I don't have a solution or how to do it. I just believe people should stop seeing crypto as a means to an end but a lifetime opportunity to determine how financially stable they want to be.

Of course, I don't know how to do this. I feel like everyone should individually have their plans. The futuristic bull or bear seasons may not matter anymore if you play your cards right.

Interested in some more of my works?

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Money: The Consequences Of Making The Right & Wrong Decisions
The Nigerian Economy: Monopolizing Incompetence
The Experiential Process of Understanding Money
A Case Of Theft On Hive: Here's Why Some People Choose Scam.

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