Crypto - The World of Regrets.

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16 Mar 2024
166

Regret is a sign of emotion on any failure/ missing something which could be yours possibly/ laziness in decisions and stepping down from availed opportunities. Regret can be found in every human on any thing financially/ spiritually or physically. It is a part of human nature to be sad over failing in achievement especially which he thinks that missed by his own fault.

Crypto business is more risky, tricky and dangerous than others due to its high fluctuation. So definitely regrets are higher then other fields. Why I call crypto, the world of Regrets? It has several reasons.

  • No one satisfied in this business.
  • If I got 10% profit and price went 30%+ .
  • Greed influence more.
  • Emotions over flooding.
  • Everyone dreaming to be rich overnight.
  • Endless opportunities which we missed.
  • New horizons of opportunities.


So what common regrets we have in crypto.

Bought less.
It is most common regret in crypto that when users saw price going high and high , they regret on less buys. Why I couldn't buy more? It is first regret when we see marker in bull run.
In recent interview a Bitcoin critic feels high regrets that why I am late to join BTC. He added , in 2010 the one BTC was $1 only and I was able to spend $50 easily in coffee shop one time. The 50 Bitcoins worth of only one coffee evening can be 70000× 50 = 35 millions. So how swiftly change in crypto putting people in tongue biting.

I couldn't sell on peak.
It is another regret in crypto world that most of people ( almost 90%) miss the peak. Only few do the right decision on right time and remaining rest in regrets. Why ? Simply no control on emotions and greedy behaviour. We miss the peak in wait of More which never comes back. As this you tuber explaining in this video, we stayed under pressure of our sentiments.


I couldn't Hold.
Bearishness is part of crypto and fall / rise in price of coins as well. Most of us show impatience and intolerance in our behaviour of trading. Personally when I saw a coin getting good visibility and what I have on portfolio is sleeping, I try to throw it at any cost and buy the other rising one. But after some time the original holding coin gets triggered to 100X. That impatience of holding till good time puts us in regrets.

I couldn't decide.
Very few people have good knowledge of crypto and its trigonometry,most of us jumped in by watching others only. Another regret in crypto we feel when we couldn't decide for right coin. For example coin X and Coin Y launched on a same time and both have almost same IDO price with Market supply. X gets 10X on listing while Y gone 500X on Cex listing. So here regret starts if we choose X to buy.

Conclusion.
Regrets are connected with our emotions. High expectations always force us in regrets so keep sentiments controlled and over hyped, over confidence and over expectations under the carpet.


Cheers,
Amjad








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