Dinner with my mom + crypto ramblings
Good morning lovely readers of the Goddess Blog and welcome to the first blog post for the month of April! Today is Friday as well, and for today I have in store for you guys a self-reflection post about yesterday evening - I took my mom out for a dinner, so I wanted to share how that evening went with you guys, my most faithful of readers. Be sure to read what the Goddess has to say, and as always - remember to bring home some cups of coffee for the Goddess if you enjoy the content! :)
I had a wonderful time yesterday evening - I took my mum out for dinner.
My blog has been good to me recently, so I always decide to spend some of that earned money on some nice things - and yesterday it was the time of a nice, fancy dinner with my mum. Plus, as you know, on Saturday (tomorrow), my blog is turning 1 year old - so all the more reason to go out and treat my mom for a nice dinner! :D
We talked about a variety of things, but my mom surprised me by starting to ask me questions about crypto. This was legit the first time I ever had a discussion about crypto with her, so let's just say that it was a very pleasant surprise indeed!
My mother is still on the far away side from crypto and new-age stuff anyways, so she still doesn't know a lot about my portfolio, about my investments and about my passion that is the HIVE-powered Ecency network.
But, even though she is a proper newbie in the crypto world, she already started 'giving me advice' that she heard how a lot of people made a fortune out of it, that maybe I should give it a go, yadda yadda yadda..
And what struck me is that the FOMO is such a powerful and dangerous sentiment. Arguably most of the money that traders and investors lose is basically due to FOMO and due to not making a proper research of the market state.
Twitter hysteria is a world-known phenomenon, and we can see a very clear pattern of how it works in the recent 24 hours:
Yesterday, as the BTC was trading above the 47k mark, there were a dozen of tweets calling for 'this bull run' to propel the BTC to a new ATH - which is quite frankly, absurd thinking in my eyes - but for a lot of people, it is exactly the tweet that will get them filled with the sentiment of FOMO. And that is why that same FOMO is so dangerous.
Because fast forward to today, the BTC is down to 45k, and this is one of the tweets that I stumbled upon this morning:
Targets of the main scenario for the coming weeks:
$BTC 21k-23k
$ETH 1100-1300
$ADA 0.35-0.45
$LUNA 40-45
$SOL 35-40
$FTM 0.60-0.65
Invalidation is $BTC consolidating above 45k-46k
Isn't it quite frankly absurd to have such different views of the current market? And isn't it a big hit to the confidence of many people that are into crypto with the (lack of) knowledge about it like my mother when they stumble upon something like this? And yes, we all know that the crypto market is a very dynamic place - but come on, spreading FUD or a FOMO in these peculiar, troubling times - are we all sure that it is the right way to go about these things?
By the end of the evening, me and my mom continued having some nice girl-to-girl talk, away from the crypto-talks. But I intend on starting explaining some of the basic stuff to her, I intend on showing her the marvels of the crypto world - without failing to recognize the dangers of it, such as the FUD and the FOMO.
Hopefully you guys are not twitter-dependant and twitter-influenced when you are making your own crypto-decisions. Do your own research before investing - your wallet will thank you later :) 💙
That is ittt for today’s post guys! I really hope you enjoyed the read :)
I will be seeing you all tomorrow for the big day, be sure to tune in!
I wish you all a wonderful beginning of the weekend,
xxxx
