The Fear Of FOMO Itself: Reflections On This Amazing Time In Cryptos & How We All Respond To It.
cryptocurrencies·@nolnocluap·
0.000 HBDThe Fear Of FOMO Itself: Reflections On This Amazing Time In Cryptos & How We All Respond To It.
A scroll through my Steemit feed this morning is like a bucket of water to the face. It's all about what's happening in the crypto world and yes, this is another post along that vein.  _coinsutra.com_ Rather than charting or talking about the most recent Ripple activity or commenting on how Dan's EOS is finally starting to shine or any other specific topic, the issue that's been floating around my head is the psychological journey the recent weeks have taken me on. _I wonder if you've been through something similar._ You see just last night I was chatting on discord and it came to me that I was really torn about my whole experience. I was positioned with a small holding of Bitcoin, Ethereum, Litecoin, EOS, you know, _the majors_. Then a few weeks back they started to rip. If I was asked to sum up my reaction to that, I'd honestly struggle to provide an elevator pitch. Part of me feels relief. Not joy as such for having made some decent gains; sometimes more than my salary would have paid for the day or days or more, but relief. I think this stems from having been beaten so badly psychologically by the brutal precious metals bear market and the feeling of being worth less and less as time progresses due to asset price inflation. The same can be said of my recent equity trading history. It's strange that my most profitable year in shares was the first year that I traded. You'd think that ongoing experience would boost my returns, not see them decline. That however is the reality. _I had become accustomed to being a victim and responded, I'd presume, as someone being released from incarceration._ Then came the tales of those who had held 50 or 100 Bitcoin and maybe a few thousand Litecoin before the spike. Now that did impact me. You see, like many I'm sure, I've often daydreamed of that one moonshot opportunity. Interestingly, despite having pocketed some nice gains, they were nothing life altering and, so, to me this period has been a lost opportunity. That's counter-intuitive when I view things dispassionately but very real for me emotionally. I sheepishly bought a little more Bitcoin this week at around the point it stabalised after it's recently pullback. This was in the hope that Christmas may see conversations that introduce new buyers to the phenomenon. That buy is sitting at a small loss at the moment and it's that which is occupying my thoughts. _Are we programmed to see the glass half empty?_ I wonder has anyone experienced the same thing? Are you sitting on three, four, or even five figure gains and just feeling like you've been left out? Do you have unallocated capital that you feel is now not worth risking in this higher price crypto environment or do you see this as just the beginning? _I'm unsure as to whether I should buy more crypto or rotate out into some silver._ I can certainly understand the whole FOMO concept but I confess that I didn't expect to feel it so badly having been a beneficiary of a rally! Interesting times psychologically for sure and it's a component of this period of time that isn't much discussed. For now, it's off to work for me. No moonshot means I'm still working for the man!
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