I have introduced a lot of people to cryptocurrency and in the last few weeks they have been overjoyed.
Now as we see some things happening with the market, all these formerly grateful people are in a panic. They think they are losing. I am trying to be the steady voice of reason and to reassure them they are not losing, they still have the same amount of cryptocurrency that they purchased. It is not going anywhere. I keep pointing them to the improvements that are being made and the new projects attached to the blockchain but this is not what they see.
For people who understand currency only in terms of fiat all they see if that the prices are dipping low and that they don't have the same 'value' as they had a few days ago.
I can't help them understand more than they are willing to. I can't make them stay with the ship (that is not sinking at all) when from their vantage point all they see is ruin.
The thing that makes me sad is that these same people will be so upset with themselves in a few days when all of a sudden (seemingly) our hodl coins head to the moon.
If you are one of those who think they are losing what I suggest is that you turn off your computer, close your crypto apps on your phones and stop checking the market for a couple of days. Do something to distract yourself like: talk to your partner that you have been ignoring, hang out with your children or friends, go see a movie, take a walk outside or take a drive...do something that reminds you why cryptocurrency is important and what you are really a part of.
Hodl (hold), don't panic sell. This will pass.