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May 25, 2019, 11:29:17 AM Last edit: May 25, 2019, 12:08:19 PM by dabenko |
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One of the most sensitive part of the crypto space is its market. The reason being that it can easily be influenced by lots of factors, which contribute to either its uptrend or downtrend, depending of the nature of the influencing factor (negative or positive). Pessimism simply means having negative sentiment about a situation or something, which in this case, about the crypto market, whether past, present of future. While Optimism denotes having positive sentiment about it.
Cryptocurrency has had and is still having a lot of backlash from several people, either knowingly for personal gains or out of ignorance. Most of the times, it is done out of ignorance, because many noob do not understand how the market operates.
Having said this, pessimism or optimism most times has its impact on the market and on individuals that exhibit them. For instance, there were a lot of negative sentiments about the market in 2018, as a result of the downtrend in the crypto space. We would not have had it as much as it occurred, but this was aggravated by the negative thoughts and utterances against the market. To the point that some saw the market dying, instead of seeing the opportunity to acquire more. Until now, just because they could not take advantage of the then moments and opportunities, they are still at loss and are still pessimistic about cryptocurrency. Which means pessimism "begats" more pessimism.
On the other hand, while the pessimists keep losing or missing golden opportunities, the optimists keep amassing more wealth for themselves, due to their positive view about the market and how much they were able to take advantage of it. So also the positive sentiments about the future of cryptocurrency as well as the products being generated is what is bringing about the uptrend in the market and this might continue just as far as it is maintained.
My view about the present market upsurge is that optimism outweighs pessimism. Therefore, decide on which you want to go for.
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