Anxiety in cryptocurrency (The fear of losing and its effects)
Cryptocurrency which used to be a weapon of investment and eradication of poverty now serves as a threat to many people than fiat. The recent hacks and depegs that happened this year is really high and people who are newly into crypto currency are more anxious than ever thinking their money could be gone any moment.
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Well, recently I saw how much crypto has been money value in the market and a great bull could help in this time of the year.
People have invested a lot and are still investing but the outrageous thing is fearing that their money is not protected or secured. When a news breaks out about a coin or exchange getting hacked, what come s to your mind? I got someone who sold all his assets immediately after the hack of Luna thinking cryptocurrency is sinking already and isn't ready to lose all.
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I never advice people on what to buy in the market to avoid issues of fear. Dips are meant for correction and bulls are for profit. No coin is permanently secured or can't be hacked but we all know it's a risk the moment we are about to start it and it's far above keeping fiats. Making a thorough research before investing is the best and giving all hopes up for your faith. Many coins are working on their securities and doing their utmost best to safe guard their assets against outsiders. Hive is also making a lot of impact on this and it's really an aide to us. Never forget to diversify your portfolio as it's very important and necessary, it's what even whales do.