The Fear Of Volatility: The Mistakes We Make In A Bid To Establish Balance

Anyone that is a Nigerian and fully funded by Crypto, or depend on crypto to make major decisions in the lives or dependent on it for check and balance to every of their economic activities would constantly feel the pressure of uncertainty. This kind of uncertainty stems from the fear of probably experience a kind of bear market that might tear through the whole of the crypto ecosystem for a long period of time or the fear that Crypto would suddenly go to shit and everything they own would go to zero.

The truth, it's still overwhelming to accept the entire reality behind the technology of crypto. Because there are so many actors in the game, it's difficult to accept that one day a far more sophisticated technology wouldn't just override everything and take everything to zero. The concept of volatility for some Nigerians heavily vested in crypto goes beyond the bull and bear as the main fear is crypto going to shit.

This fear arises from having nothing on the side.

It's quite contradictory that people would believe that there's a stability with having a real-time job. When the reality is that the stability provided by a real-time job is only an illusion.

The volatility of crypto is purely evident, but this isn't the same with real-time jobs that masks their volatility. The pandemic made people realize that when you're not a business owner, you're at the mercy of losing everything and hence, people began to run to something that wouldn't be affected by drought, inflation, pandemic or Influenced by government, Crypto.

However, inasmuch as Crypto has been revolutionary for most Nigerians, there's always this fear that there's the possibility that all that magical money might go to shit. Technically, this is probably all fear. But then when there's the chance that something is possible, it's difficult to overrule it. We overly attain a state of balance by holding thoughts as this.

I do not own a business on the side

but everyday I wake up, I'm always reminded that I'm technically nothing without my Crypto. While this isn't so bad I'm the surface, it hits differently when you begin to think about it. A lot of people are aiming towards balance and this is why it's difficult for some others to stomach the fact that their fellow crazed Crypto humans could risk having money locked in wallets and projects on the internet but this they don't have this sort of money in their bank account.

To attain balance, some people line their bank accounts with money, milking whatever business they have to save money in the bank. Others opt for landed properties and buy as many as they can in their active years, others invest towards entrepreneurship. But the concept of having money locked away is not something that a lot of people can still come to terms with for a very long period of time.

There's volatility everywhere, but people fear that of crypto more.

.......This is because there's a mindset that crypto gives and takes from you at the same time and in other to prevent it from taking, many people FUD into diversifying their wealth into real-time ventures. While this is actually good to some extent, sometimes it pushes people to make wrong investment calls because of the hastiness to never be caught when the storm comes, but what's exactly that storm?

Sometimes we try to mitigate the loss and volatility that comes to crypto, when our fear is the major thing we need to protect ourselves from. Don't get me wrong, having this fear is credible, it keeps us abreast and prepared at all time, however sometimes The fear begins to even grow like a cancer it feeds some of your biggest financial fears and inadequacies making it possible for people to make huge mistakes in life because of their fear that crypto might crash and because of volatility as well.

So, Any Long-term Goals?

My long-term goal is to start up a business on the side that could be yielding and sustainable as well. This eventually takes time to plan. However, when it's done rightly, it'll eventually take away some of these fears.

One of the reasons why people give in to their fear when it comes to crypto is because of their previous experiences. People try every day to never repeat the mistakes they've made especially with the market cycle. But then, when all is said and done, we sometimes fail to realize how accomplishing we've become and how we've managed to compound, grow and achieve goals and hit milestones.

The lesson here is that one should always have their fear at bay, allowing it to be evident in our decisions and actions might bring cause mistakes that could be irreparable. Crypto is probably here to stay this means that one can choose to diversify at their own speed and pace.

Interested in some more of my works?

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Why You Couldn't Create Good Contents In 2021, Why You Still Wouldn't In 2022.

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