I have been in this crypto market for several years and have many complex emotions and memories with it. For those participating in this market, many friends sold their houses and borrowed to invest in crypto when they suffered from FOMO, I saw many people become rich, and others dragged their whole families into poverty and debt. Worst of all, many people seek death to escape the obsession of loss and responsibility.
The majority choose not to participate in this market, but they are also divided into 3 factions by the crypto "demon": the first faction regrets the opportunity to get rich, the second faction continues to be afraid and needs a lot of time to observe, the third faction hates and condemns crypto.
Many meetings turned into arguments about crypto and fiat, many friendships broke down because of some financial investment advice... Honestly, I saw more sadness than joy. Perhaps the majority must lose money for the smaller portion to profit, that is the rule of every market, even though the economy continues to develop in a positive direction.
Right now, when the market has recovered extremely impressively in 2023, many people are so drawn to the market that they check the chart and profit/loss all day long, complaining of not being able to concentrate on work. But I think: I need to work harder to have more money to DCA more crypto. Maybe because I don't have any loans, my expectations are not great and the DCA strategy is generating profits instead of losses. I prefer to follow development and adoption progress of blockchain technology rather than being happy or sad with the price chart.
How are your emotions and mood in this crypto market? Do you expect crypto to be an opportunity to change your life? Or do you look forward to more practical benefits of blockchain technology for the world?