Sentiments Of Cryptocurrency

Hey, enjoying the green and red colours! What did he say, noises of slap and kick can be heard. This can be the outcome if you try to talk about Cryptocurrencies now, haha. I won't say much about the current Crypto condition as you can see it for yourself or unsee and stay away from it. You have free choices to choose, they are hard but that's how Multiple choice questions are sometimes. The correct answer can be all of the above.

Today I plan to put some light and facts on the sentiments of Cryptocurrencies and the Crypto market which many of us are ignoring now due to continuous dump and focusing on negativities only.

I believe more than 70% of dot cash users have joined and became familiar with Crypto in Bull Run in the year 2021 or after that some in the end months of the year 2020. Out of which only 30% got interested in Crypto further and started investing or trading in other projects. These calculations are not accurate just based on my calculations, ( you know they can be a bit correct, haha ). And only 5% went deep into their research.

I have been watching Cryptocurrency since 2018, was still seeing it as a scam until saw the real start of Bull run around 2021 from then I dug deep into it, not too deep but to the point where I understand how things work. Generally, the bull run cycle comes after every 4years. After the 2017 bull run, the next bull run happened in the year 2021 when BTC, BCH all other coins reached great ATHs, some even broke their previous ATH.

And during these four years, many sentiments run around the Crypto environment. And you shouldn't get much affected by it all as if you have trust in the coin or project which you invested with proper research and thinking and if the project is actually to serve a purpose.

Good Sentiments

• In Bull Run, I think none of you has forgotten these slang and phrases running over Twitter and your feeds on social media and YouTube 'To The Moon', 'Want A Lambo Invest In This Coin Or Project'. Such a super-positive environment it was? And that's how we thought cryptos are meant to be.

  Really, I think not. That's the wrong way we newbies got the taste of Crypto and investing in projects like that is like doing gamble or playing the lottery. I think all of us tried this at some point in time. Even I still have some Shiba Inu token, lol. So how many of you have got Lambos or even a profit of buying a tyre of Lambo from those coins. Haha, sorry not a joke. I guess one, or two may have succeeded. Some have booked great profits but because it's like a gamble and investing in such projects with huge money is something which common people will rarely do. Yes, one can get Lambo with such projects. But are you the lucky ones who can win a lottery who knows?

• In Bull Run, the flow of money mostly went to Memecoins and Shitcoins instead of the project or use-case-oriented coins. And that's where the newcomers got the wrong impression of Cryptocurrency because a meme coin once dumped rarely jumps or touches its ATH unless it's promoted by Elon Musk.

  You won't feel any confidence and hope with those coins in the Bear market. But those coins which you have researched thoroughly I am sure you still see it performing better in your mind in the upcoming Bull Run or future.

Negative Sentiments:-

• In the Bull run, it was moon time but in Bear Run, it's 'On to the Earth' Or 'Of To The Ground' Or 'Crypto has no future' Or 'Let's Hit The Streets' time. You will be seeing these tweets and feeds with these phrases mostly. As when I joined Crypto in 2018 it was the start of the bear market and everything was falling slowly I saw many people tweeting and speaking crazy where a year before they were landing with a Lambo on Mars, haha.

• The previous year's bull run did the most scams in Cryptocurrencies as everyone was attracted to getting a Lambo not foucused on generating a fair amount of profit. And so the approach and thinking of searching for actual use case projects faded. But now in the bear run, maybe some people realised this mistake.

Final Sentiments:-

So basically what I mean to say is that in good times, goodness prevails and in bad times the badness. Understand what's best for you and realise that it's like the same cycle of good and bad days in your life. In good times we thank ourselves, for luck. And in bad times most of us curse ourselves and our luck.

I won't justify anything as many coins from my belief failed to perform as expected and I can't blame anyone due to the current world situation of war and economy and inflation. It's been negative for the common as well as rich people. There hasn't been anything supportive or positive that happened much in the world which can heal the damage the current world is facing. It's not only Ukraine, Russia or any other country. As of now, you have realised how it has affected indirectly the whole world. And so the Cryptocurrencies also which is another reason for the greater dumps we are seeing right now.

Bull runs and bear runs are part of the market. Even the coins and projects fear bear run as in the previous decade many good projects were also dumped low to the ground to the extent of no comeback.

We entered Crypto mostly in the belief and promotion of getting rich but ended up realising that that's not how it works. You can get profit here from there you can expect to be rich but not in a few years. I think it will take someone to make decent amount of over-all profit in Crypto in two bull and bear runs. That's my observation. There are some prodigy who were able to achieve it in a single run, I have my respect for them.

What about BCH?

Well, Bitcoin Cash is like a rebellious party which you can see in politics. A third party with different goals and views and also a different approach to people. Their path is the hardest as they are oppressed and obstructed by the leading government party every time. But politics is kind of centralised whereas here Bitcoin Cash is decentralised and there's no power of other coins to stop them from reaching their goals. They can obstruct. But the attitude of rebels is much stronger than that. So I hope after all these Crypto experiences people will move their money to use case coins and projects. And I'm positive about Bitcoin Cash. I have found Bitcoin Cash as the most user-friendly coin. And even BNB, even though it's kind of centralised.

By the way sentiments don't work in crypto as anything involving emotions isn't welcomed in Cryptocurrency, hehe!

Note:- These are just my thoughts, don't mind much. These may not be correct and feel free to disagree.

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