I don’t know if you’ve noticed lately, and I’m sure a Bitcoin enthusiast has probably mentioned it about a million times, but Bitcoin and Cryptocurrency have become a pretty big deal. In December, a parabolic rise occurred in the Bitcoin price, and a plethora of gambling-type individuals had a fear of missing out and jumped on the supposed gravy train only to be dealt a giant blow when the price crashed by around 75%. Those who HODL (Hold On For Dear Life) say they aren’t sweating the drop, but the newbies to this volatile asset aren’t feeling the same cool breeze.
We’re now at the end of February, and the price has recovered by 50% from the drop. However, it hasn’t been easy on the nerves. With no clear direction where the cryptocurrency market is headed in the future, some of the new entrants into the market have forced themselves to adopt the HODL’er philosophy and have become addicted to watching the price of Bitcoin all day long. Some even get up in the middle of the night just to check how the price is doing.
The volatility has created a whole group of individuals who are constantly battling anxiety and their days feel like a roller coaster of being on the edge of their seats. Yes, when it goes up you feel great. However, the swings are so wild that you can never feel comfortable.
I don’t know about you, but walking around all day, feeling like you’re a slave to something you can’t control, and having a churn in your stomach that always seems to need an Alka Seltzer, doesn’t seem to like a good time to me. Yes, you may make some money in the long run, but is it worth all the physical and mental anguish that you caused yourself?
If you make a million dollars then maybe it is worth it? Maybe you like always feeling like you’re on a chair that’s about to fall over? Maybe you have nerves of steel? Or maybe you’re Steve Mcqueen?
All I know is that Bitcoin HODL’ers must be having a hard time these days, not knowing if you’re coming or going. And that’s why you’re The Unbalanced Being of the Day.
If you or a loved one you know is having any mental health struggles, please do get the help you need. If you need to talk to someone now, you can talk to one of the many fantastic therapists at Better Help by CLICKING HERE.
This post was created with the help of Grammarly.