Don't Panic! What Goes UP Invariably Comes Down... Then Goes Back UP...

I don't generally write much about the Cryptosphere because there's so much already being said... by so many who know a lot more about it than I do.

So unless you're living in a cave somewhere, it has probably not escaped your attention that the crypto markets are, once again, in some form of free fall.

Just days ago, we were looking at $0.40 Steem... and last I checked, it was dropping through $0.28, giving back most of the gains we've spent better than a month making.

The thing that always amazes me about this whole industry is how short people's memories are.

These kinds of wild gyrations are normal. This stuff keeps happening, over and over. They seem to happen even more when Bitcoin is playing with new highs.

Doesn't mean it doesn't feel unnerving in the moment.

In most cases, I don't even watch the markets because I am in this game for the long haul. I'm watching a little more than usual at the moment because my property tax bill is due in less than two weeks, and my overall business (aka "how I make a living") is bad enough that I need to depend on crypto to fund some of it.

Aside from that, I would not be caring!

One of the things I like to remind myself is that when things are down tends to be a good time to build your holdings; to increase your SteemPower and such.

No matter what I might be saying here, there will be people who become disgruntled enough to quit or at least go on hiatus for a while. If you're still here, you stand to (proportionately) gain from their absence.

I first got involved with crypto about ten years ago... and the main thing I have become very aware of is that (A) you can't count on anything and (B) people have incredibly short memories. Especially when it comes to the current reality... that crazy swings happen, in both directions!

Once my taxes are paid (end of the month) I'll be back to not looking at the markets and their fickleness. It just ends up making me anxious and that influences whether or not I enjoy other aspects of life. Not worth it!

Now, I realize that there are people in this community who substantially count on Steem to help pay for parts of their lives, and that definitely has to be unnerving. All I can suggest is to not take good times for granted! Instead, consider them a gift and a bonus.

I'm definitely not a financial advisor, and this is not financial advice... it's just an invitation to consider how often we do things that are emotionally driven... while handling things (like money) that are definitely logic based.

I'm guilty of it, too! But I've taught myself to tone it down, after many years of trading in the legacy stock market, and often driving myself silly with worry... when I really didn't need to!

Tomorrow, I am going to step away from this because I have a load of topsoil arriving for the garden in the morning, and I need to unload a trailer filled with soil... perhaps the exact opposite of the highly mental and and emotional business of crypto.

And I am very grateful for that!

It's very easy to become a "screen watcher," but it's not likely to do you any good. Best I can suggest is to step away and occupy your time with something else.

And, on that light note, I'm going to go rest my weary bones ahead of tomorrow's shoveling show!

Thanks for stopping by, and have a great remainder of your week!

How about you? Do you worry a lot of about rising and falling crypto prices? Or are you pretty good about just letting things be? Are you nervous because you're substantially dependent on your Steemit rewards? Leave a comment if you feel so inclined — share your experiences — be part of the conversation!

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Created at 2024.03.18 23:54 PDT
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