MY FIRST POST! "How to survive a crypto-crash with quantum mechanics"

in #cryptocurrency8 years ago (edited)

th.jpg

A little backstory to how I got into cryptocurrencies...!

 In 2015 a friend of mine  introduced to me to bitcoin as a means of acquiring things I wouldn't have otherwise been able to on the "freemarket".  It was a successful endeavor, and I did well for myself....for a while at least - up until the point  in which I got well over my head, with things taking a turn for the worst.  It was that moment on that I left everything behind me. Bitcoin was worth ~$400 at the time. 

Over the next two years, crypto-currencies and my prior relationship to them became a distant memory: apart from the occasional storytelling, I was estranged from them and knew nothing of the hype that was going on....this was until May when the prying ears of a co-worker of mine heard my story. He told me that bitcoins have drastically been increasing in price over the past few months are were now worth $ ~2700. This should have been a warning sign not to get involved. In hindsight, everything is 20/20. I was just another bright eyed naive investor making the bubble a little bigger.

I jumped in headfirst. I put almost all of my savings into various altcoins that I thought had potential. I figured since I missed the boat for bitcoin, I'd have to jump on another one that hadn't taken off yet.


Over the past month and a half, I have "lost" about half of my initial investment due to the current crash. My "boats" were not even able to leave shore, and have all been sinking as of recently. Initially, I figured I should sell them and collect my losses and walk away, but then I came to two realizations:

a.) The crypto-market has crashed multiple times in the past, and has respectively recovered well passed it's previous peak.

...but more importantly

b.) I have been obsessively checking the price drop on a daily basis, convincing myself that I am losing money that I will not return, even though I know in my "right mind" that this is absolutely not true, and I will inevitably recover everything that I've lost in due time.

How this relates quantum mechanics you may ask?

 Quantum mechanics teach us that things exist simply because we observe them. In simple terms, all matter is in wave form governed by chance and probability until we observe it - in which it becomes particles. It's the particle form of matter than we can feel, smell, see, taste, hear...but more importantly believe. We can only believe in something when it is actively observed. 
 For example: I believe I am losing money  that I will never return because I view the graphs, check the prices, etc. I am seeing the graphs, observing the decrease in the price of my coins, and believing I am losing money that I will not be able to return. My beliefs are governed by my observations.

I've realized what I need to do for my mental and emotional well being is to STOP observing. To let it be. I don't need the money that I invested right now, and I know that my coins will eventually rise to a profitable margin. If I don't observe what's going on, I will eventually lose the believe of never making a return on my investments. I only begin to believe this when I start observing! I essentially need to put the crypto world back in it's "wave" form that it was in before and out of the "particle" form that it's currently in, and before I know it, whether that be a in few months or a year - everything will pan out!

With all the hype around currencies right now, with mass adoption right around the corner, we all undoubtedly know things will stabilize and starting increasing again!

To anyone worried about losing money right now, my best advice is to leave it alone for a while. Live you life, and put things on the back-burner for at least a few weeks. What it really all comes down to is to stop observing your portfolio, graphs, etc.

Thanks for reading!

Sort:  

The phrase "I know what I want" is a very powerful thing. It forces you to clarify in your mind what you want. And this is a crucial component to living in abundance. Stay one step ahead of your fears and doubts with this simple thought inducing phrase. You want to be happy! To be prosperous! To be free of fear and worry! Can you feel the abundance already? We are magical beings with the power to literally change not only what we observe, but how we process it, perceive it and mold it to our will. Living in abundance in this way frees your mind and opens up portals to thoughts that will grow your wealth and happiness instead of pulling you in a downward spiral.

At the very least, that's my two satoshis.

: )

#payitforward

You only lose if you sell when its down. Also the people that have done well have saved their coins for several years. You can lose everything if you keep your coins on an exchange. I have seen many exchanges go out if business or get hacked.

@smallspaces I am on the same line with you. We are now facing corrections on market but in a longer run prices will in average increase (a lot). So read, learn and wait. That is the best strategy.