One day, our friend “Abu Haz Qasir” decided to enter the world of digital currencies. He heard about people who became millionaires overnight, so he sold his bicycle and bought Bitcoin. But, as usual, as soon as he bought, the market collapsed like a paper tower in front of a little child!
Stage One: Denial
Abu Haz Qaseer looks at the screen with stony eyes:
“No, no, this is a joke! There must be a bug! Maybe the app needs an update?”
He closes the app and opens it again, wipes the screen with his shirt sleeve, but is surprised to find that his wallet looks like a bachelor's fridge... empty!
Stage Two: Anger
After the shock, he starts to get angry:
“Why did I even get into this? Who convinced me? Where is the video that told me Bitcoin would hit a million?”
He feels like sending a strong message to the currency expert who followed him, but remembers that he is just a YouTuber talking from an internet cafe.
Stage Three: Bargaining
In an attempt to save what can be saved, he begins to devise strange strategies:
“What if I sell now and wait for it to drop further, then buy? No, no, I’ll wait for the price to come back up… but it might not come back up… or it might come back up?”
Thus he enters an endless cycle of thinking, until he decides to sleep, because the mind cannot process these disasters without a respectable nap.
Stage 4: Depression
After waking up, he opens the app and sees that the loss has increased, and he feels that his life has become a sad song without music. He sits on the couch staring at the ceiling, remembering the days when he was happy when he knew nothing about cryptocurrencies.
Stage Five: Acceptance and Patience
Eventually, after days of suffering, he realizes that this is the way the market is: one day for you, ten days against you! He decides to be a patient investor, like a hunter waiting for his prey, or like someone who has placed an order at a restaurant that is very slow.
He starts educating himself, reading about technical analysis, following the news carefully, and learns the most important lesson: patience is key! The market may go down, but it always goes up again (or so he hopes).
One day, while drinking his coffee and looking at his wallet, he discovers that prices have started to rise, so he smiles and says:
“Thank God I didn't sell in a panic!”
So, my dear friend, if you are losing in cryptocurrencies, remember that patience is not just a virtue, but an essential skill in this wonderful world. Don’t be like “short luck”, and learn to be calm, because the market does not have mercy on the hasty!
