Before I start this Five minutes read I want to establish the following facts and considerations about this article as quick as I can:
The time period I'm covering is from the beginning of 2020 till now 2024 4th of April.
My thoughts and examples would be focused on binance environment.
It's personal experience and my point of view,you can disagree with everything I say here and I can be entirely wrong.
The article will tackle 2 sides of the story:
The hype, the gains and losses
The overwhelmingness of crypto
The Hype,The Gains and losses:
Throughout the 4 years of my crypto journey it consisted of 2 bull markets and 2 bear markets.
I hopped on the crypto train after the Covid 19 bloodshed,while working on my college graduation project, I started to discover this new world with one question on my mind,how a person from the middle-east living in a war zone country can benefit and use crypto if it's even possible..
Immediately I found out there was many ways to get money for free(CRAZY!!) ,I realized this mind-blowing fact while using faucets, telegram bots that give the user crypto for doing tasks, and one particular telegram group that did on daily basis some quizzes and games and winners each day can get a coin called doge and or Tron Trx..
To not bore you with boring details long story short I did everything and literally everything to get the new money fountain I discovered.Started to open accounts on every crypto exchange like Binance..learned how to create and use self-custody wallets and got amused with all the clichés "not your keys not your coins", "Buy The dip" , "Buy low sell high","dont FOMO", "DYOR", etc etc..
With all that happening all at once, two mysterious enigmas of were always talked about almost everywhere. winter is, nope .. "Bull market is coming and altseason is almost here".
You can't imagine my surprise when it arrived, I was hit with every crypto coin skyrocketing almost non stop. My bucks and pennies became hundreds and couple thousands, my few trades did amazingly great beyond my wildest expectations.
I need to say this to understand what I went through, I had one Ampl in a trust wallet. I had it there for more than a year. And the news started to breakout. The ampl people are giving free money to ampl holders. Didn't think much of it and thought maybe I was getting 500 bucks or a thousand in the best case. The sheer shock when I received the equivalent of 8800 usd in forth tokens was unimaginable,till this day its the biggest airdrop I ever got.
Needless to say the bull market was crazy, alts did phenomenal and the hype was unreal. At one point I think everyone every where both online and in real life was talking about crypto alts Jpegs (NFTS).
It didnt cross my mind it was the end of bull market, and lost almost everything I gained in every way. Bad trades, hacks, futures liquidations. It was brutal to witness my money basically evaporates through air like it was nothing.
The image below which always brought me, the joy of checking my wallets and accounts became my daily nightmare. Promised my self if this wasn't the end of my journey I will do better next time.
Needless to say the next cycle came, more of everything I experienced before happened again.
More gains more hacks and more losses, but this time it was different, something inside me changed, the joy, the enthusiasm and the hype is nowhere to find. I thought it was only me, maybe it's early and all those old good feelings will come stronger than ever, till this minute I'm writing this article I didn't find any.
To summarize this first point Yes everything repeated itself in terms of gains and losses, but no joy, no hype anymore for me in the crypto world.
The Overwhelmingness of crypto:
On This point I will be quick I promise. The in the previous cycle especially toward the end of it I was overwhelmed from the repetitive tasks. Same thing over and over again.. new projects almost everyday new things to do and checking on progressive or old tasks.
This overwhelmingness faded away in the depth of bear market. One new project or two tops to discover and participate in on a good month. No need to check my wallets and my accounts. Everything I still have is ethier at the same price or declined in value.
It continued like this for a year then it came back stronger than ever and on a very quicker pace. And I wasn't ready for it mentally and physically. Too much to keep eye on .. many many projects went undetected with me regretting not getting in this new thing or that new blockchains.
To give you one example of how overwhelming crypto became take a look at those pictures below:
What's going on with all of this things ? Countless services and things to do in binance alone, it would take me ages to try all the services alone in one binance account.
Countless blockchains,the simple task of depositing or withdrawing on chain was so simple and quick. An easy task I did thousands of times in the past with a blink of an eye.
When did we get all the blockchians and why ?
Why all the new projects ?
Whats up with all services ?
Why Can't you take a break and make everything simple and easy again ?
Why and why and why ?
That's my first article, unsurprisingly it became overwhelmingly and too much to digest and read. Don't blame me if you read all of it and suffered, I just want to thank you for doing so and I'm ready to make a promise to you my dear sweet reader, more of this is coming,with hopefully better quality.
I'm leaving you with two mysterious enigmas and perhaps future clichés "The hype is coming and the joy is almost here"..
Thank you and have a nice day/night in whatever time zone.
