Nearly everyone who is in the cryptocurrency market has the same goal. We are all hoping to change our lives financially and get ahead in life. No longer being weighed down by the heavy burden of debt. Not having to deal with the stress of living paycheck to paycheck. And no longer feeling the hopelessness, knowing that the idea of retiring is close to being impossible.
That is why many of us entered this market. But once you have arrived, you look around and begin to understand Bitcoin, Ethereum, and the rest of the market. Something interesting happens. You fall down the rabbit hole and can no longer imagine a world without crypto. The idea of going back becomes very painful for many of us.
The longer that you are here the more aware you become of crypto cycles. Every 4 years, the Bitcoin halving occurs. This means that the issuance rate of newly minted Bitcoin is cut in half every 4 years until it eventually becomes zero. A few months after each halving, the reduction in Bitcoin issuance eventually causes a supply shock in the market. Which is the catalyst that starts every bull market. Prices skyrocket, then come tumbling down, and go sideways until the next halving occurs.
During crypto bull cycles, there have been countless people who have become rich and changed their lives forever. Some have done it accumulating while prices were dirt cheap, and everyone else was panic selling. Others have done it by HODLing for the long term, or even trading their way to a fortune. And finally, others have done it by hitting the lottery and picking altcoins or meme coins that exploded in value.
The important thing isn’t how you make it in crypto; the most vital thing is that you DO make it.
We have all heard the stories about how Bitcoin, Ethereum, and crypto will cause the largest transfer of wealth that the world has ever seen. Just think of the regret that you would have if you had been paying full attention to this market, yet somehow still missed this incredible opportunity.
This is something that happens each cycle, and if you aren’t careful will happen to you as well.
There is no denying that paying close attention to the crypto market can be extremely stressful No other financial market compares to the stress you will feel in this market. At times you feel like you are on top of the world and on the verge of becoming wealthy. And then just a few weeks later you will feel like you are at the bottom of the valley. That is what volatility, FUD, and the market moving at a thousand miles per second will do to you.
If you are strong enough to handle the FUD, your portfolio being down 90% at times, would put you in a very select category.
Most people cannot handle this.
There is one aspect of the crypto market above all others crypto that I believe determines your success. Simply surviving the market, and being in it for the long term.
With that said, the stress, price movements, and even FUD against the industry take a toll on all of us. At some point, it might even result in you becoming burnt out, or considering leaving the market due to this.
The longer that I’ve been investing in the market, the more importance I place on taking breaks from it. This is the tool that will keep you refreshed, keep your passion, and eventually allow you to remain in this market.
About 4 times each year, I will take a week break from the crypto market. This means not following prices, watching crypto YouTube videos or podcasts, or anything like that. Just taking a complete step back, and focusing on other things. That is exactly what I have been doing the last week.
Perhaps you never noticed, because I have a large backlog of articles I’ve written. But this is the tool that has allowed me to maintain my passion for this market. And one of the things I most attribute my success to.
The absolute worst thing would be to leave this market due to stress, only to see prices 100x later. Having lifelong regrets, and thinking what if? There is no shame in taking a break from this market, and I recommend it to you as well.
How about you? Do you ever take breaks from the crypto market
Read Exclusive Articles 1st on
or
As always, thank you for reading!
