Your bitcoin zeal and conviction are about to be tested big time. Bitcoin is plunging and so does your investing reputation, all the while the line of “told you so” keeps getting longer. Tough times are ahead for many of the crypto buyers, especially if you were to braggadocios in the bull season.
One thing to bear in mind – battle hardened winners emerge out of tough times, there are no diamonds without pressure.
Here is a whole thread of great tips from Vijay Boyapati, software engineer and a well-respected figure in crypto space:
But winter will not last forever. The first blossoms of spring will show themselves in the years to come. There will be significant increases and institutionalization of the liquidity channels to Bitcoin in the next year.
And remember why we are here. We are transforming the world’s monetary system using a monetary base that is uniquely suited to allow for the flourishing of human freedom and civilization. We’re in this for the long game.
More inspiration for the tough times:
“Bitcoin is still the most secure network in the world. The price doesn’t change that. Government regulations don’t change that. Exchange hacks don’t change that. At this point there is very little that could change this fact.
Bitcoin is humanity’s first trustless currency without any central authority. This is valuable! It doesn’t matter that you can’t physically hold it. Anyone who claims that bitcoin has no value because it’s “not backed by anything” is someone who does not understand how this works. It is backed by mathematics. I personally trust math much more than any current centralized authority.
Bitcoin is not the AOL of crypto. It is the only blockchain that is working to solve scalability without sacrificing security or decentralization. I repeat…. there is not one other blockchain any where near solving the scalability issues without making security and decentralization sacrifices!There is a lot of misinformation floating around regarding the scalability solutions currently in the works. With proper research you will find that there is a lot to be excited for when it comes to bitcoin scalability. Patience will continue to be important here. These solutions need to be flawless before a mainnet release.
There are many more reasons to remain confident in bitcoin, but these feel the most important to me. Feel free to add your own. Try not to panic and try to be patient and you’ll be happy in the long run.”
Make sure to pay attention to your health as stress is the number one cause of most illnesses.
- Take care of yourself.
- Eat healthy, well-balanced meals
- Exercise on a regular basis
- Get plenty of sleep
- Give yourself a break if you feel stressed out
- Talk to others. Share your problems and how you are feeling and coping with a parent, friend, counselor, doctor, or pastor.
- Avoid drugs and alcohol. These may seem to help with the stress. But in the long run, they create additional problems and increase the stress you are already feeling.
- Take a break. If news events are causing your stress, take a break from listening or watching the news.
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