Cryptocurrency Depression; the dark side.

[Senin]

Anyone who has been with cryptocurrency since 2017 and earlier, experienced the fall and stagnation of the 2018-2019 market, and now is still working in this market, is unlikely to fall into a big depression. Now the market as a whole is growing and slight drops in prices cannot be discouraging. The real fall of the market may still be ahead, and this should always be taken into account and be prepared for such a sharp turn of events. After all, states can still change their attitude towards cryptocurrency.

[Delgboke]

First of all there are many things that contribute to some people's depression in cryptocurrency business or trading maybe you sold your token before the price shoots up, I think I have encountered such where I sold my coins before knowing it in fews the price start mooning that alone caused me depression anytime I remember it, but another thing is to control the your mind because you cannot change it.

[gurunanakji777]

Such drops give shocks to those who jump into this market for quick gains. Certainly, this market is not for quick gains and one should not think if someone makes good money in a short time why I would not. Daily hackers also try to hack the account of the traders in some cases they become successful and I sympathize with those who become a victim of hacking and lost his all assets and their planning ruined by hackers and that can cause depression to anyone because we all have high hopes that our coins will give us good money but imagine if we hacked how we will feel. It definitely hurts badly anyone So be careful always. Do not trust anyone. My advice for especially newbies do not be panic by the drop this is the part of the market be patient and hold on to your holding soon market will recover and do not be a victim of any FUD in the meantime.

[GREENch85]

Is this a dump?) All the most interesting things are waiting for us ahead, I think that even before the beginning of summer, the trend will change and the bears will begin to rule the market.

[Falcon]

Depression in cryptocurrency is about investment loses and nothing else. Investment in the wrong token is so devastating for small investors. The case that you borrowed the money for crypto investment but suddenly unfortunate wipe out the money. That is the real problem for being small investors.

[therozaq]

Depression in cryptocurrency is about investment loses and nothing else. Investment in the wrong token is so devastating for small investors. The case that you borrowed the money for crypto investment but suddenly unfortunate wipe out the money. That is the real problem for being small investors.

Don't borrow money for investment mate, If the price goes down , you'll depression and It is not a good idea.  I think You can use free money for your investment. Keep calm when the market is correction or dump.

[Mas Bro]

Cryptocurrency is a very promising asset and investment. But we have to be careful in investing, because cryptocurrencies are very volatile. My advice, invest in your ability to lose. Because you will not be depressed if your investment loses. In the cryptocurrency market there are ups and downs, we can celebrate if what we invest has an unexpected increase in price, but we definitely know that nothing can last forever, there must be a time for correction.

[Stuart]

The deeps or dumps and pumps that bitcoin faces is a certain thing that always comes at the other end. One will have to learn how to deal with this kind of situation in other to survive the long run in the crypto space. I learnt how to deal with depression as at the point when the price of bitcoin made a rise from the 2017 ATH of $19,000 and went above the $20,000 though I was still on the point that the price might drop soon, and so it went high to the price rang of $28,000 to $30,000 before I got attracted that there is a new bull run and I jumped in again, letting the market do what it feels that it wishes. Well, for now that institutional bodies has joined the market (though am not a big investor) if the market is not in their favour, then I can manage my own side now at this current or recent deep.
Before every dawn, there is a dark time, when there is life, there is hope. Lets patiently wait for the market to set in, it will and it always does come back for all, cause no one is left aside.

[DAMKAR]

Cryptocurrency is a very promising asset and investment. But we have to be careful in investing, because cryptocurrencies are very volatile. My advice, invest in your ability to lose. Because you will not be depressed if your investment loses. In the cryptocurrency market there are ups and downs, we can celebrate if what we invest has an unexpected increase in price, but we definitely know that nothing can last forever, there must be a time for correction.

You're right, crypto currency is high volatile, but patients is better than panic when you see the bearish and fud..I think we should be careful to choose the coin that we will invest. Because we need profit at the future.

[Fivestar4everMVP]

This is a good topic I must say, because I have a friend who was scammed all the cryptos he has worked and invested in 4 years to gather, though the scam was due to his stupidity and greediness, but the issue was that after he lost the money which was almost 60k dollars to the scammer, he slide into depression, for 3 going to 4 days, he still couldn't believe he's money was gone, eventually he fell ill and was hospitalized for almost a month, when he was in the hospital, it doomed on him truly that all his money was gone, he tried severally to kill himself, the hospital had to invite a family member to watch him 24/7, it was really a sad experience for me cus I felt real pity for him, he eventually recovered but have refused to come back to crypto ever since.

[UNIVERSE]

There will be always depression in the crypto world. Moreover, if we are not really ready with the risks of the crypto. Mostly, people are coming into the crypto world to earn money, get profits, and be rich soon. However, they don't think about the risks that they can get. High risks, high profits

[leodiaz]

we must know that in the crypto world nothing is instant. if we want to get the result then we must be willing to learn and keep on learning. the more experience one gets, the more mature our thinking will be. it takes the extra patience

[nicecrypto]

First of all there are many things that contribute to some people's depression in cryptocurrency business or trading maybe you sold your token before the price shoots up, I think I have encountered such where I sold my coins before knowing it in fews the price start mooning that alone caused me depression anytime I remember it, but another thing is to control the your mind because you cannot change it.

I agree and I have witness the exact same issue too in fact currently happening now. Just completed a bounty which was good profits after the distribution and decided to sell off since the price was dipping and not long after the price reversed and has done like 5x already from the point I sold but like you said, it is the way you are able to control your mind when this things happen that is important so as to not fall in depression and move to the next one.

[satpol_PP]

Hello guys,,, let us discuss about this important matter which is so relevant all the time in different season.

Cryptocurrency is great with so much potentials and possibilities to change everyone's lives from rugs to riches. However life is not so good in some cases due to the fact that scammers, fake accounts, and evil desires of other people could severely damage someone point of view and lifestyle. The damage may increase to depression which is a serious case of a person that could end to suicidal decision.

Btw, if you are depress now. Don't take your life. Life matters the most.

FYI, I'm not depress. Let assume maybe there is someone here so depressed because of the sudden dump last 24 hours ago. I hope this thread could help them to renew their confidence dealing cryptos.

For you, how you should deal the cryptocurrency depression?

Why we  must depressed , Because every business has  risk. Crypto currency is high on volatile. When bearish when should to hold and wait. I think It is the best way to do, not panic. You will lose alot

[Paha87]

I advise everyone not to think of cryptography as the only and unique occupation. Take care of yourself! Morning exercises, proper nutrition, plan your day so that there is no time for nonsense in the form of TV, TV series, soap operas... If you have good health, you will not know what depression is!!)