Cryptocurrency involvement is not for the weak

I remembered back then in 2018 when Bitcoin was still around $13k which was very low then compared to now that we are seeing the progress pumping up so massively. That year however was the first time i was introduced to cryptocurrency by a friend of mine who explained to me how the market works but despite the explanation i still wasn't ready to get involve fully as i dont have funds to start investing.

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But despite that i also introduced the same crypto to a friend of mine that i feel might get interested and also invest in it which eventually he did. After the explanation about the new way of earning from a different source and system he got a binance account and funded it with a little amount because he was fully convinced that profit can be made from it if the market pumps up someday.

Since his involvement back then into crypto was kind of a troublesome one as his mind wasnt at rest with the aim that he is going to lose money as the market was fluctuating towards the bear market. In my own part i wanted to regret my actions for introducing crypto to him but then i realized the market needed patience even though I haven't invested then.

At a point his phone got missing and lack communication was an issue and because of that we didnt communicate for like two years until 2021. The year 2021 we witness the bitcoin price pump up to $60k which was awesome experiencing such at that time and then my friend who introduced cryptocurrency to me reach out to me to ask if my friend still have his funds in his binance account and i told him i have no idea as i I haven't heard from him for long.

I eventually reach out to him through Facebook and then we exchange contacts again. I then ask him if the money he funded in his binance is still in his account and he told me he has even forgotten about it. He then installed the binance app again but has forgotten his login details not until he was lucky to use his email to access forgotten password. To his surprise he was shocked with the amount he has realized with that period of time.

This is someone who was troubled with the bear market back then but was excited with the profit after the pump. However to me that is luck in disguise because he wasnt patience at that time as he was eager to see profit immediately when he invested back then which we know that the cryptocurrency market doesnt work that way. it takes one's mind to be prepared when fully involve in cryptocurrency because if the lack of patience is not there and also understanding how the market operates will discourage the aim to continue.

The bear and bull market is a win-win scenario

The Bitcoin price is in it peak now as it current price has become the trending talk in town as it price has surpass $100k which is it highest over the years since it was introduced. Those who will find it profitable now are those who embrace the bear market when it was low by investing in it and now it is a win-win scenario for them.

The mindset every individual involve in cryptocurrency have is totally different likewise the patience and plans. Those who are after quick money wouldn't find cryptocurrency a place to be because they wont achieve their aim so soon but if they are willingly to endure and neglect the fluctuation of the market then they can get involve fully without a negative mindset.

Understanding the market and the time to invest will really help the mindset to enjoy the involvement even if the prices are going down again. like i said everyone's involvement in crypto differs, where some people wouldn't be happy to see prices of coin go down where also you will see other people excited which is vice versa and this is because it is also a good time to invest when prices are down.

Cryptocurrency involvement and investment is not for the weak because if the lack of losing money and lack of patience is not involve with the acceptance then it is not a place to be for such people who are after quick funds.

This post is not for financial advice but having the aim to understanding the crypto market.

Posted Using INLEO