Growing up we get addicted to one thing one way or the other, it could be an healthy addiction or an unhealthy one, which ever way it is, its let for you to handle it. It could be a chocolate bar, where you promise yourself you would stop taking too much of, but end up taking one more bar every time. Down to your Netflix show, you keep promising yourself it’s going to be one more episode. Now as an adult who is a crypto investor I am stuck with crypto charts and constantly looking at them.
What is your daily routine? My daily routine is about the same thing, going to my coinmarket cap app or my coin gecko app to know what the state of the market is, market capitalisation price is my first go to. I check for the price to see if there is increase in market cap or decrease, then look at the price of bitcoin and ethereum because they are the coins with the highest dominance in the market space. Then go to my portfolio and look at how progressive my portfolio has been. That is the beauty of using these platforms because they can also be used as a good portfolio tracker. This way you can track your assets without the need to always check your wallet. The portfolio tracker is safer because you don’t have your coins in there just a display of them, this way you can’t get hacked.
The rest of my day is filled with constant checking of the crypto Markey to know if a magical price pump that will change my life will occur. I am sure I am not the only one who unconsciously finds themselves entering the price chart app. The environment of the app always look really good and welcoming during the bull season, during this period the colour green becomes extremely beautiful. The app looks chaotic during the bear season, here you are faced with intimidating bright red colours showing you danger in the market. Some people see this colour and because it seems unpleasant, get scared and sell off. This is where you find the case of selling at the bottom and buying at the top, its psychological and the colours of the chart has a role to play. It takes great will power to not sell at the bottom, imagine if the case was reverse with the colours, do you think it will still look scary during the bear season? Imagine an indication of loss is the green colour.
How do you feel checking your portfolio during the bear market? Does it get you depressed? Does it make you lose hope? Does it make you question your actions? Well this is the life you chose we might as well have fun while riding through it, glad I have Hive to vent things like this out.
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