Why Investing In Crypto Feels Like An Emotional Roller Coaster
As I write this, the digital asset market is festering at low levels, with fear at all-time high. Personally, I was questioning everything. Although there has been some hope, the overall outlook has been bleak. The only thing that gave me hope was knowing how often, when it comes to humans, that consensus is wrong.
Recommended For YouRecently, I left a crypto group I'd been part of for two years because I realised it had turned into an abusive situation. I knew I needed to leave because, in a bear market, the group had become like a daily pacifier for me: I'd scroll until I found someone who posted something comforting or that confirmed my bias. But it was $49.99 per month and had lost all value otherwise, being reduced to the founder telling us to “dollar cost average” and responding rudely whenever people asked reasonable questions. He was clearly stressed by his losses and getting more narcissistic by the day. He was the smart one; we were a bunch of idiots. And, as much as it pains me to admit it, we had been rug-pulled by this guy. More than once, he recommended coins, never told us when he sold them, yet they would be missing from his portfolio updates. When people called him on it, he insisted that he told us he was selling. (He hadn't; I read every single thing he posted). And then he'd distract us by posting videos, yelling at us to take profits.
First of all, imagine living this way. Second, it took me a few times to recognise the pattern and admit it to myself. And yes, I feel pretty dumb about it. Luckily, I rarely bought his low-cap recommendations - most were too risky and lacked substance. I knew he was being paid to promote coins, too, so there was that.
I'm filing the rest under “life tuition”, along with my meme coin experiments. Another step to becoming financially sovereign. What a wild ride of learning this has been.
As I heard someone say recently, it's not that influencers don't have good recommendations for projects. It's the “when” they recommend them that will trip up the inexperienced people. A good reminder for those getting into this space is that you must know how to do your own basic research and understand why you are buying. Never just go off a recommendation.
Luckily, I'm four weeks into a 12-week course called 'Money Habits'. It came at just the right time: I'm virtually surrounded by an amazing community of women - entrepreneurs, risk-takers and fellow crypto investors.
The course is run by the all-female crypto group 'Queen of Millions', and it's not about stock picks or chart patterns. It's about money as energy, shifting ourselves from fear to full support. The core of the course is daily nervous system regulation sessions, with exercises designed to help us get to the bottom of why we feel the way we feel about money, to uncover why it's so sticky for so many of us and to put systems in place that work and feel good. In times like this, when it feels like everyone is fighting, our nervous system is one of the very few things we can control.
I didn't get into crypto to play it safe. I saw a chance at asymmetrical upside, exponential growth and long-term value creation that didn't rely entirely on legacy systems. What I didn't bargain for is the personal growth; the awareness of how my own fear and psychology will try to interfere with sound strategy, just as they were for the reader who reached out about the price of Bitcoin. So, like her, I'm putting my head down. Dollar-cost averaging into the projects I like, and creating a diversified portfolio that respects the past and acknowledges the future. And, most importantly, remains intact in the downturns of the present, because the human in charge is in charge of herself.
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