Lessons From The Market #1

I usually don’t blog so much about crypto even if it’s one of the subjects I love to talk about and research but for the last couple of days I felt like I had to share my thoughts about the market, and you can check those out here and here. I always enjoyed learning about money, about how you can invest them and how to manage your finances and at the same time, I love the feeling of adrenaline that comes from risky situations, so this market is perfect for me. You know, just checking out the price every hour, waiting for the ideal situation to make a move, the joy rush of seeing your investment going up and that damn adrenaline, it’s beautiful and addictive at the same time.

This market teaches you many things all the time, and in this post, I want to share some of the lessons I have learned, both life-related and crypto related.

Carefreeness

Carefreeness doesn’t mean to be a cold douchebag that doesn’t care about anything or anyone; it just means that you don’t care about meaningless things, you don’t care about the things that are outside your control zone. If you can’t control the outcome of something, then you shouldn’t stress yourself too much about it since you can’t change anything. This is an essential mind muscle that anyone should try to train and this market helps you do that for sure.

Just seeing your investment crashing 70% without you being able to do anything about it certainly trains your carefree muscle. It’s never easy not caring about the value of your investment, but in this situation, we can’t do shit about how much the market is worth, and when it’s going to recover, all we can do is to wait.

I must say, that going through a crash while you have too much money on the table and nothing in fiat is a nasty business because I remember that I used to wake up in the middle of the night to check out the prices when Bitcoin went from 20k to 6k. But after the market doubled, I cashed out some to have a bit of fiat for the dark days, and I realized that stressing myself over this is not worth it since I can’t control the prices, the market does what markets usually do.

Building that muscle is not going to be easy, but by reminding yourself to take it easier when you can’t control a particular situation will help you tremendously because your health is way more important than your money.

Long-Term Thinking

This pretty much goes hand in hand with the carefreeness because it helps you be less worried about your investment. The short-term thinking has plenty of issues because not only that it makes people feel more stressed, but it’s also not a good investing strategy. If you’re only looking to make money on the short run, you’re completely involved in that process, so you probably miss out of sight very important things like the way this market is going to evolve.

If you stop from what you’re doing, take a break and a step back and you think only for a bit about the long-term faith of crypto and the potential it has, this 70% crash will look like a damn joke to you. You and I know how huge this thing could be so there’s no purpose on even caring about this dip because, on the long-term, we’re going to be damn wealthy. I mentioned wealthy and not rich, because a wealthy person knows how to acquire money and it has a lifestyle where they are in control, a rich person just has money.

Also, this type of thinking is beneficial on Steem too because if you’re stressing yourself too much about your post payouts and are frustrated at all times about your progress, it’s not healthy for you and your creativity. But if you will keep on doing you regardless of the pay with the whole purpose of spreading value and building a following, then, five years from now when this whole thing will be huge, you will be rewarded tremendously.

In this post, I focused more on the lessons I got from this market that can be applied directly in your life, those that shape who you are and turn you into a better person. In my next post, I will share my more practical lessons that you can apply in order not to lose and win money.

The pictures are from Pixabay: 1, 2, 3, 4.