Why Investing In Crypto Feels Like An Emotional Roller Coaster

(MENAFN- Khaleej Times) I heard from a reader who wrote that at the end of January she vowed to double her investment in Bitcoin if it dropped to‭ $‬75,000‭.‬‭ ‬Then it dropped to‭ $‬65,000‭, ‬and she was‭ ‬“controlling the urge to sell”‭. ‬‭ She is all of us lately‭. ‬Welcome to the wild ride that is investing in blockchain and crypto‭. ‬

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.‬

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Recently‭, ‬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. ‬

Do you have a question‭, ‬a tip or a topic you’d like covered‭? ‬Reach out at…

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