Bull Market Fear, Anxiety and Doubt.
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Anxiety number one; my fear of being left behind in the Bull Market
- I am not new to cryptocurrency, this is my sixth year, so I feel like I should be able to capitolize on it to get rich. But that's harder then it seems.
- As I write this I am reminded we are in the starting phase of a bull market, Bitcoin surged upwards to ATH, Ethereum surged upward and now a few altcoins have mooned. The problem is I don't own those altcoins.
- So I am feeling anxious about being passed over in the bull market gold rush, and as I looked at my bags I began to have self doubt if I am invested in the right tokens.
- Every bull market some narrative based token with no real functionality moons and people get rich.
- I sigh and look at my bags of tokens with use cases and functionality but no hype or real interest and sigh.
- This bull run is no different, as I look at my bags thinking they have wonderful use cases and amazing functionality, but they are still at 90% off their high, in the so called accumulation phase of low price and low interest.
- Meanwhile Solana is over a hundred bucks and it's blockchain literally breaks periodically.
Anxiety number two: what did I learn last bull run and did I do enough things differently?
- I think it's only human to have self doubt and only rational to correct your past mistakes.
- So, if what I did last bull run didn't make me rich, I need to do something different this bull run.
- After all isn't it the definition of insanity, waking up every day expecting a different outcome while doing the same things?
- So not wanting to act insane I made a list of things to differently during this last bear market. I tried to learn from my previous mistakes, but did I succeed?
- Last bull market I put all my eggs in one basket, so I didn't do that! And instead I bought Bitcoin and Ether every payday, so called Bear Market accumulation. These are called cryptocurrency Blue Chips. They are incredibly expensive and they make up a huge share of my portfolio, but so far they are profitable.
- Last Bull Market I was completely invested in one altcoin. So this time I picked four altcoins not one. And I tried to accumulate enough to be meaningful if they 10x, like a couple thousand tokens.
- They are my best guess as to what altcoins will 10x or more in price.
- I accumulated them faithfully during the bull market by going without treats, scrimping here and there and telling myself that a little deprivation was good for my soul.
- These literally are my ..make me rich coins. But still yet I am not rich.
- But my altcoins haven't mooned, so I am anxious.
Anxiety number three: I picked the wrong altcoins
- Yes this keeps me up at night, some nights. I am anxious that I picked the wrong altcoins.
- I was looking for altcoins with functionality, use cases, community, etc and I looked at what they did during the last bull market, as a possible predictor of future success.
- It seemed like a logical and reasonable strategy... but I am not rich yet and some tokens I don't own have 10x and 100x already, so my anxiety is slowly rising.
- I have not yet considered selling, it so early in the bull run, but I would be lying if I said it never occurred to me. LOL.
- I have even read about people ditching their logical altcoins picks and investing in narrative based meme coins. And then getting rich. Ouch.
Last words
- So what about you?
- Are you having any anxiety?
- Do you have any regrets?
- I hope I am not the only one feeling this way. Let me know in the comments.
About @shortsegments.
Shortsegments is a writer on Hive, who focuses on cryptocurrency, the blockchain, non-fungible digital tokens or NFTs, and decentralized finance. He has been writing about these topics for over six years. Hive is a social media platform over 6 years old, and INleo.io is a 4 year old sub social media community on the Hive Blockchain. Inleo features choices written expression, so you can write long articles like this called POSTS or short Comments or Twitter / X like Tweets called THREADS about any topic. I write more about HIve below.
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