I just had lunch and went for a tuna salad today because I'm not working out, and there's no reason I should go heavy on calories. It's a bit cloudy outside, and it looks like it's going to rain. I have a sense I won't be spending much energy this Saturday.

I felt a craving for sugar right after I finished eating. As a matter of fact, the sugar craving hit me a few hours before that, but I somehow managed to keep it under control until I was conquered by it. Hence, I went to a local store, bought myself a can of cola and a Snickers bar, and devoured them in a minute.

That's a bit over 50 grams of sugar right there, and from what I know, the usual "recommended daily dosage" for an adult is something like 25 grams a day. I had a double dose this lunch...

The problem with sugar is that the more you consume, the more your body craves it. 50 grams of sugar is a lot, but after I finished eating that Snickers bar and drank the can of cola, it almost felt like my stomach was empty, and I could have easily eaten three more of such bars.image source

So, what does this have to do with crypto since I'm posting this story in the @leofinance community? Well, it accurately describes the attitude most of us have during bull markets. Here's how this story looks like from my side:

Very few crypto investors are actually buying Bitcoin or altcoins during bear markets. They don't do that because they need confirmation for their bias, and they often wait for that confirmation to come from mainstream media or other "confirmation sources" that are most often late to the party.

And when they start buying, it's usually right close to the peak of the bull market. Their buying patterns are very similar to eating sugar. The more peaks they buy (they don't know that these are peaks, though), the more they feel left behind by the market. Somehow, they are left behind by it, but the market is going in the opposite direction of what they think it will.

Somehow, there's nothing wrong with buying crypto during a bull market, but why are most of us chasing the pumps instead of the dumps? It's because of confirmation. The same old story... A pump looks more like a "sure thing" to buy than to sell, when instead it should be the opposite.

There's nothing wrong with eating sugar either, but as in the case of the bull market buy sprees, you have to be level-headed enough to realize that you should be cautious about the amount of money poured into crypto during bull markets and the timeframe you should stick with for holding such positions.

Most of us who didn't make life-changing money in crypto so far are in such a position because of "too much sugar." That translates to unnecessary entries and engaging in "poisonous love affairs" with these entries. When sugar is giving you signs that you had too much (by making you look fluffy), you know it's time to ditch it.

Life-changing money involves life-changing attitudes and strategies. You're either on a diet or not; you can't diet and eat shitloads of sweets. In the same way, you can't expect to make life-changing money by buying pumps and holding underwater bags. I'm not saying that there aren't plenty of buying opportunities left on the market right now.

But soon, it's going to be "dumping season," and that's when most of the plebs will start buying once again. I know that from my own experience. That's a mistake I will never repeat, I guess...

Thanks for your attention,
Adrian