It’s a constant occurrence to see people freaking out when a coin starts pumping, and they aren’t in it, and the coins start dumping and they want to sell it.
Youtubers are constantly saying “this is just FUD”, and “the Bull market is not over”, and “Buy the dip”. But the problem is that A LOT of the FUD that newcomers feel, actually come from the crappy Youtubers, with their shitty “😱😱🚀🚀🚀🌕🌕📈📈📉📉” thumbnails.
Imagine you finally bought some Bitcoin, maybe you bought it at 60k, and you see the market going 10% down. You invested in crypto, and it’s your first experience with volatility.
You go to YouTube, and your homepage is now flooded with “THE MARKET IS TANKING 😱😱😱😱😱💥💥💥” “BITCOIN BEAR MARKET”.
How do you think this would make you feel if you just came to the cryptocurrency market? I personally would feel a lot of fear, and try to cut my losses, as I wouldn’t know what any of this meant. Now I take a loss, and the market starts going up, and then I buy…and the cycle continues. It’s the meme of buy high, sell low…but although it is a joke, it does happen to a lot of people.
We need to help the people that feel this way, by giving them reassurance. By not letting their emotions take over. I try to do this on the daily discussion, and maybe if you read this far, you could also jump in sometimes.
Hope everyone has a lovely weekend!
submitted by /u/Kawalele
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