Don't play the blame games : Two faces of crypto market - You are always responsible
For those who are dealing in crypto currencies know that there are two parts of it. I call them two faces of this crypto market where one brings smile on our face and other breaks our heart and maybe few also cry for what they have to go through.
But despite this thing i still believe that we are responsible for our actions as no one but we ourself decides to invest, hold, buy more, sell all, in the crypto market.
Bear market and bull market are two phases that defines the entire crypto market and in these two phases there are ups and downs in the market and these ups and downs are what we call the two faces of the market that remains always.
No matter if it is a bear run or bull run you will see the market moving in both the directions. I will share a example to show how we often play the blame game in this market but i will not write the solution to this blame game and i would love to hear the solution of it from the readers.
So there was a person who invested 250 dollars in a coin, he took entry at quite an early stage and his friends took the entry quite late in the same project.
All his friends booked profits and exited the market for that coin when they were satisfied with their profits. Now this old adopter of this coin was still holding them and calling his friends crazy for selling their coins.
The coin pumped insanely and his 250 dollars became 2500 dollars and that is quite a lot of gain in less than a month. Each of his friends asked him to sell his coins, atleast half or the initial invested amount but he did not listened to his friends.
He was expecting another massive gain. Few days later he shared that the coin got dumped badly and that now his 250 dollars was worth 150 dollars. Now he blamed the exchange on which that coin was listed.
Actually the coin got dumped as that was the meme coin and there was no real world use case of it. There was hype for this coin and that is why massive gains were observed.
Anyways, my point is that he himself was responsible for not selling his coins. Even after so many calls from his friends he did not sold them so he should blame no one but himself.
Remember guys that you always have to set a target for yourself, without a target you will fall into the trap of greed. So be focused about your target.
I will now stop writing and ask for readers point of view on this. What can be the solution in your opinion to this blame game thing ? Share your pov in the comments below.
Thank You