How can People Remain Interested in Crypto despite its Volatility?
Fear and anxiety about volatile markets are something unavoidable when you enter the crypto industry. No one knows who created and developed cryptocurrency in the first place, so no one also knows when and how it can be ended. Obviously, cryptocurrency is sibling volatility. It is surely inevitable that cryptocurrency may lose its value in time.
Needless to say, it is out of our hands, because crypto is influenced by supply and demand, government regulations, etc. Due to this volatility, investors often drop their bags entirely at the first sign of a bear… easily give up and leave the industry.
But we, as traders, how do we keep ourselves interested in crypto?
- Expect Less
No matter what happens, handle your expectations in crypto. Keep in mind that this is not a shortcut to being a billionaire in life. If possible, expect the least or expect the unexpected.
2. Focus Only on Coins that have Potential
To keep me interested in crypto, I avoid spending time looking at useless crypto… these are the coins that could only do more harm than good.
3. Listen to Yourself
For me to remain interested in crypto, I ignore the noise around me saying that it’s over-hyped or that it has a pyramid scheme. Instead, I should trust the potential of my coins.
We have many different reasons why we continue to stay. Some people believe that cryptocurrency has a reliable, long-term store of value and some are just typical traders trading for money, to have extra income, and to outsource the ventures of earning more. Also, there are other celebrities who admitted that they are here out of curiosity. Whatever reasons behind staying in this kind of industry, it is important to trust that mere reason.
Above all, we must know that crypto charts can recover as fast as they crash, if people panic and sell, they make losses. Every time I lose hope in crypto, I remember what my friend told me, “bruh, only those who can withstand high volatility and a bear market, will make profits in bull markets!” Because that will push you to move forward, and motivate you not to stop until you reach your crypto goals.
