The overwhelming greed

By belemo | belemo | 6 Jan 2021

Let me start by saying, this is not financial advice. If anything, this is more of a note to myself than actual financial advice. My obsession with selling at the top of every day is getting the best of me, and I'm at risk of derailing from the plot.

Short term gains help me settle some domestic issues, but the plan has always been long term. This is the main reason I'm working hard to get a job and even wrote three applications to schools in my area but more on that later.

When I got into crypto in late 2017, it was all about the short term gains but I guess that's just synonymous with Bull markets. They make you focus on short term gains and all that noise drowns out the plot.

I can't wrap my head around this compelling urge that's pulling me towards dumping. If I were to take a wild guess, I'd say that it is due to all the irresistable green candles I see whenever I look at the market.

A publication on Psychology today attributed greed to a host of factors that included gambling, hoarding and anxiety. Somehow, I feel like fear of missing out is embedded somewhere in that trio, and it is really driving me nuts.

During the almost three-year bear market, there was relative calm in my portfolio but nowadays there's so much turbulence and uncertainty in the market that has gotten my head spinning.

I think I need to take a step back from all this overwhelming and unhealthy craziness for now. I'll just revert to my default state that was focused on stacking, staking and accumulating for the future.