Surprisingly, Cryptocurrency has successfully built its universe and the growth has been massive since its creation back in 2009. A lot of people didn't know the future came earlier than expected, they would have tapped into the greatness it has built in the last decade but the good thing is that we all still have the privilege, some people still doubt just like they did then while some seized the opportunity to gift themselves financial freedom and wealth they never thought they could have achieved so easily.
Today we have different purposes for going into the crypto-verse but the main purpose of its existence is to give mankind financial freedom. BITCOIN failed to serve the purpose but I am glad BCH stepped up to take the place, cryptocurrency at this point is making a lot of people successful but I don't think it would be happening like this forever when the whole world finally adopt cryptocurrency.
Let take a glance outside the crypto-verse, the real world has different seasons and everyone has its purpose but due to our interest, health, nature, our sense of reasoning, and others, we prefer some seasons to another. If all wishes come through, some seasons wouldn't even exist anymore but we have forgotten that they all have their importance.
If I begin to ask everyone one after the other, I am certain we will all have a favorite season that we want to experience throughout the year.
Imagine if summer was the only season, how do we handle the heat? It benefits some people while it hurts some.
Winter on the other hand halts a lot of things due to cold, businesses stop, farming, and other outdoor activities are mostly on hold but despite this, it is beneficial to some people.
In a nutshell, every season has its role and impact on the world, nature, and inhabitants. It is best if we understand the importance of every season and if we choose not to understand then, it is our problem.
The crypto-verse has copied the seasonal feature from the real world but the only difference is that the seasons in the reality are fixed while the season in the crypto-verse is not predictable, probably it might become fixed someday but I don't see that happening because it is going to take away the excitement of the people who have built an abode and people are working day and night to see the universe grow.
The seasons in the crypto verse;
Bear season
Bull season
Just like we don't like one or two seasons in reality, a lot of people don't want one out of the seasons in the crypto-verse.
The bull season signifies a bump in asset value, isn't that great?
Yes, it is but not everyone is happy about it. Imagine you sold your BCH for instance when it was valued for $600 with the belief that it would dip after that so that you can buy the dip and make more profit when you eventually sell again but things went the other way round.
After selling, the coin value increased to $700 while you are still contemplating on what would be the next season in the crypto-verse, whether to buy while it is pumping or wait for the dip.
Another scenario is you planning to hodl at least 2BCH knowing that it would be worth over $6000 by the end of the year and you haven't reached the goal, would you be happy seeing the bull charging?
Yes, you will but your thoughts would always be about how great it would have been if you reach your targets.
The bear season is also beneficial to some while it doesn't make any sense to some set of people at a particular point.
I persuaded a friend to purchase some BCH when it dropped to $900 after reaching a new all-time highest. She did so with the hope that when it pumps again, we will be taking a huge profit and instead of that happening, things went the other way around.
It dipped more than I expected and it hasn't recovered since then, while the people who fell victim like me are praying for a miracle, the people who want to buy the dip at the lowest rest are also wishing it dips more.
Don't blame anyone, we all want the best for ourselves. We want the best parts therefore our choices can't be equal and that's what makes the season in the crypto verse similar to the world.
Despite every difference, choice, and belief we have about every season, they all come with advantages but it works well more for people who love all the seasons.
Who are these people?
They are referred to as holders, they buy at any rate and keep for as long as they can.
We all can't be like that due to different reasons but we all can still enjoy the benefits of every season which is buying during the bearish season and taking your profit during the bullish season.
These two seasons are inevitable, imagine if the trend keeps going bullish? You will make more money right but that isn't the aim of why crypto was created. The only things that can balance the outcome of every season for us are utilizing and accepting what every season is offering.
Regardless of why we are all here (crypto-verse), financial freedom is a priority for the world to experience a change we have all be craving for and we must all play a part in it.
This is a game of strategies, you can continue in spot trading, we will have to spend some time but it's going to worth it. There is always a chance of winning and loosing. So if we sit back being afraid of loosing we will be as it is. But in life those people succeed who take risks. Being a risk taker you will either win or learn.