If Bitcoin and crypto were to completely cease to exist today what is one life lesson you would take from your time and experience with it?

Time in the market vs. timing the market? What's the best path to follow as a crypto investor? Well, I don't have a perfect answer to that because I believe each one of us has our unique experience with crypto and with money in general.

I have yet to time the market, but I've certainly spent a considerable amount of time in the crypto space, and perhaps that will prove valuable at some point. Who knows? So far, I haven't seen significant returns on my investments. Over the past six years, I've been actively engaged in this ecosystem, and I must say I've learned a lesson or two from dealing with such assets.

Today, I stumbled upon an intriguing musing on the official Exodus Twitter account and thought I should turn it into a crypto blog post: "If Bitcoin and crypto were to completely disappear today (without any financial loss), what is one life lesson you would take from your time and experience with it?"

There are indeed many life lessons I've learned from crypto. I would confidently say that crypto has provided me with more financial education than my father ever did. In fact, he still doesn't possess an investor's mindset. He's an honest, hardworking man in his early '60s, and that's about it.

He owns some crypto because I "convinced" him to buy some, but prior to that, he hadn't invested a penny in any type of asset. I won't delve into this topic further, so let's return to the focus of this post. What's the one crypto lesson I truly treasure and attempt to apply in my day-to-day life?

I'd say it's "paying attention to fear and greed." While the economy can be influenced by several factors, the markets, on the other hand, often move independently of the economy, a fact that some of us fail to grasp. Markets are primarily driven by fear and greed, and once an investor learns to master these emotions, they are on the right path.

You need to embrace greed at times, but it's crucial to do so when others are gripped by fear. Even if you're not an investor and just a regular employee, understanding how to manage fear and greed can greatly benefit you in securing the best jobs or gigs available. If you're one of the few who possess a particular skill set, don't hesitate to ask for a fair price for your services.

Conversely, the flip side holds true as well. When everyone becomes excessively greedy and rushes into a particular business or asset, it's usually time to step back. I've pretty much done the opposite over the years, but I believe I made the right choices during the past bear market.

I also hope that I'll have the discipline to exit the market once it reaches a state of extreme euphoria. By now, I believe I can recognize the signs indicating that it's time to sell and remain on the sidelines. There's much more to discuss on this topic, but it appears that there hasn't been much engagement on my posts lately. I suspect I'm not the only one experiencing this at the moment, so I'll leave the post as it is.

I'm curious to hear your stories on this topic. Have a great day, and I'll see you next time.

Thanks for your attention,

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I'm an amateur blogger, crypto holder, and a passionate fisherman for as long as I can remember. For more details please ask, it's free. You can find me on steemit.com: https://steemit.com/@acesontop and Hive: https://hive.blog/@acesontop/feed


Here you can find my thoughts and experience for everything that I am about to share on this blog.

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