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Topic: The current state always feels "permanent" but usually never is. (Read 142 times)

full member
Activity: 406
Merit: 111
When it was in bull market - it felt like it'd never crash.

Now that it's a bear market - people feel like it'd never go up again.

The current state usually always feels permanent but of course, never is. Nobody knows if we're gonna go up or down but we do know that no state is permanent.

True and a lot of people have extreme difficulty timing their entries and exits so both scenario's are often exegerrated by Fear or panic. But then again, even if it isn't permanent you don't know how long it can last. I doubt many have the patience to hold trough a 2 year bear market with constant decline. Its best to know when to exit and get back in so you don't have to suffer.
jr. member
Activity: 714
Merit: 3
Exactly, you are right. Nobody knows what will happen next. That is why cryptocurrency cannot totally predicted. Every prediction is a probability. There has been a downward trend all the while, with little upward trend. We all hope that the rise will start soon.
Whatever happens, we know that no condition is permanent. Instead of being afraid of the unknown, we should all try as much as possible to learn how to adapt to the situation at hand. I believe the best is about to come.
sr. member
Activity: 560
Merit: 273
And to take this a step further, studies on this find people tend to want to sell in bear market lows and buy in bull market highs ... pretty much the opposite of what you should be doing.

And we are likely to be "surprised" (again) after all the weak hands have sold of their crypto. Wink
member
Activity: 308
Merit: 11
Decentralize $15-Trillion Global Trade Industry
When it was in bull market - it felt like it'd never crash.

Now that it's a bear market - people feel like it'd never go up again.

The current state usually always feels permanent but of course, never is. Nobody knows if we're gonna go up or down but we do know that no state is permanent.

Thanks for your thoughts.

I would like to add. It seems that "Bull time" was for a short period of time and "bear time" ends forever))
full member
Activity: 406
Merit: 114
And to take this a step further, studies on this find people tend to want to sell in bear market lows and buy in bull market highs ... pretty much the opposite of what you should be doing.
full member
Activity: 233
Merit: 106
The Operating System for DAOs
That is truth and there is actually a term for this in psychology. It is called "recency bias" and it essentially means what has been happening lately you think will continue to happen. This is not the case in life and unforeseen events occur, and the trajectory often changes. Read more: https://ycharts.com/glossary/terms/recency_bias
newbie
Activity: 168
Merit: 0
Yet people still panic sell Grin It's only natural, a lot of people have a hard time actually hodling
newbie
Activity: 182
Merit: 0
When it was in bull market - it felt like it'd never crash.

Now that it's a bear market - people feel like it'd never go up again.

The current state usually always feels permanent but of course, never is. Nobody knows if we're gonna go up or down but we do know that no state is permanent.
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