Crypto Value vs. Fiat Value Mindset

Introduction

We are in a bearish trend and the crypto market bled a lot lately. You might ask yourself when this will stop or rebound to the next epic bull run. Nobody knows and you should not count on a guru or you crypto ball to tell you that! Otherwise, you will be deceived and frustrated following advice blindly.

People have the tendency to have their mindset focus too much on the price action instead of on the promised technology. The technology has proved to have many use cases and people are working toward that goal despite the thunderstorm or the sun.

Motivation

People need to have motivation and purpose to advance toward a direction. Many folks come to the crypto space with the wild dream of becoming rich overnight. Simply by investing in random tokens without understanding the technology. When those people realized the market did not seem to recover, most have left and sold at a loss and moved on to another exciting market.

Why do I bring up this issue? Simply because you can make money on any market condition. You need to know the reason why you are investing in the first place or where you have put your money. Take the time to read books about blockchain and cryptocurrency to understand what you can find behind the hood. Read the news and grasp the proper and right knowledge before pouring money into this market.

When you have a solid knowledge and understand the true potential value, it is easy to stay focused. No need to worry about the price movement when you know this market is in the infancy stage and here to stay!

Remember that motivation is simply to stay on track for the long-run.

What you can’t control

The market is not organic and sometimes some good news does not correlate with the price movement. It is really hard to admit but you need to develop how to understand the market and listen to your inner voice. You need to put your energy and focus on something you truly believe in that might change the world. When you have a tendency of doing that, you remain focused on the project. You will have a tendency to become an enthusiast and spread the word out there and make the project shine like the beautiful sun of our solar system.

Nobody controls the irrationality of the crypto market and people try to find causes or develop conspiracy theories when things don't go the way they want. The only thing you can control your participation in this market and understand the risk involved.

When you know that and you commit toward it at 100%, you will remain calm and become a true hodlers. You stay in the game and you will be happy if your tokens are worth 1$ or 100$. Keep in mind that nobody controls the external factors or the irrational market behaviors!

Fiat value mindset

As soon as we come to this world, we are introduced to the paper currency that our country created. It is strange that people work all their life for it and it is only paper; what a shitty concept when you think about it. The point I want to emphasize here is that you need to have some of that at your disposal to participate in the economy of your country. I have nothing against it but you need to figure out a way to mine it from your environment.

You can see people becoming obsessed with it and losing their health to accumulate always more of it and they become greedy in the process. People focus their mindset toward the number and stress out all the time to figure out how to keep the flow of money going.

The point I want to make is that you always compare in your head the value you can exchange for something else. When you train your head this way, you will always make the same comparison with any other fiat value and make a comparison. It is the way you get trained since your childhood!

Crypto value mindset

When you migrate toward the crypto world you need to program yourself toward a transition of your way to see the value. Most of the people find it hard and challenging to understand how the value is represented in cryptocurrency. It is normal to face this hurdle with your brain because you need to reprogram your way of thinking and this is a hard process.

In the crypto world, you need to think in tokens with many decimals after the dots. This can be a big obstacle for many people in comparison to the fiat value system used all their life. It is like learning a new language, you need to commit yourself and find the energy to make the effort to learn it in the first place.

Especially in a bearish market, you need to focus to accumulate more and not think in fiat value. In the case of a bull market, your mind switches to the corresponding fiat value!

Conclusion

When you are in the real world, you know instantly what you can buy when you receive your paycheck or with a certain amount of money. When you are in the crypto world, you need to change your mindset in crypto value and not try to compare it with fiat value.

I know this is hard but I see both worlds from a different angle. This helps me to keep my motivation high during a long bearish market that we experience at the moment. You always need to make the effort to switch and adapt your way of thinking and your perception of value.

The crypto market will shine and change the world as we know today. The transition we face is hard especially under the continual attacks along the way but we are moving toward that goal and nothing will stop us to advance!

Slowly and surely, we need to evolve toward the crypto economy and reprogram ourselves the way we perceive value in this new space!

Yours, Chesatochi

You can also check the following interesting articles:

1. Governments Fiat Money vs. Bright Future for Cryptocurrencies
2. What Qualities you Need to Success in the Crypto World
3. Obsessed Crypto Junky vs. A Balanced Crypto Life
4. HODL & Spend your Crypto to Enhance your Life
5. The Great Possibilities of a Decentralized World Toward the Future

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Posted from my blog with SteemPress : https://chesatochi.com/crypto-value-vs-fiat-value-mindset/

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