Here's something I've learned watching markets for years: it's not really about *what* changes — it's about *how fast* it changes.
When things shift slowly, you can adjust. Your mental models still work. You can recalibrate.
But when the rate of change accelerates? That's when everything breaks. Suddenly your models are garbage. The rules you relied on don't apply anymore. Uncertainty shoots through the roof.
And what do investors do when they can't see the road ahead? They sit on the sidelines. Cash becomes the favorite position. Everyone waits for the dust to settle.
It's like driving in fog — you don't panic because it's foggy, you panic when the fog rolls in *fast* and you can't see two feet in front of you anymore.
That's where we are sometimes in crypto. Not scared of volatility itself, but of volatility that moves faster than we can think.
When things shift slowly, you can adjust. Your mental models still work. You can recalibrate.
But when the rate of change accelerates? That's when everything breaks. Suddenly your models are garbage. The rules you relied on don't apply anymore. Uncertainty shoots through the roof.
And what do investors do when they can't see the road ahead? They sit on the sidelines. Cash becomes the favorite position. Everyone waits for the dust to settle.
It's like driving in fog — you don't panic because it's foggy, you panic when the fog rolls in *fast* and you can't see two feet in front of you anymore.
That's where we are sometimes in crypto. Not scared of volatility itself, but of volatility that moves faster than we can think.