The responsibilities of a crypto enthusiast .....

[Donk1]

As a crypto enthusiast I believe that each of our goals are unique in different ways. But then the value of our time in this space comes with a very demanding responsibility and while psychologically we often overlook it, still the importance is more like the standard of this space... which includes constant learning and deep research. though ​With the risk of fake news, you must confirm from various sources to ensure that the information is accurate because most of this news are just hypes for shitcoins. Even at that i believe that the limitations of knowledge is only limited as to where an individual stopped, which is crucial because the crypto space constantly changes and without the right knowledge, one's security can eventually become vulnerable to attacks...

​Check out this image.



Link: https://x.com/i/status/2055509138461851830

​Basically in as much as it may seem this person is obviously right ,the constant pressure, criticism, and various possibilities of frequency that the mind often receives in times of market volatility is very critical, because handling those pressures are also a responsibility and while most people can't comprehend this fact, they often give up because they weren't ready to be responsible ,like I always say without responsibility, an individual can't handle the freedom in this space as it's not an easy task. Basically understanding the value of what your goals are is an essential factor, as hesitation only leads to procrastinating.

​Overall we are responsible for being responsible for:


1 )​ Our actions

2 ) ​Time

3 )​ Emotions

4 )​ Assets

5 )​ Security

6 )​ Mindset

7 )​ Goals

9 ) ​People around us
 
8 ) motive and intentions

10 )​ Being a gray man

11 ) ​Not getting influenced

12 )​ Knowing the difference between value and hype

13 ) Creating awareness to others when it comes to news and other safety measures

14 )​ Risk only what you can afford to lose

15 ) ​Being cautious of third-party sites

16 ) ​Avoid anything that offers free money

17 )​ Being cautious about projects that seem too good to be true

​All this are the essential responsibility we should take note of in this space. Well that's just what... what other responsibilities do you think a crypto enthusiast should take note of?....

[Sticky Bomb]

​Basically in as much as it may seem this person is obviously right ,the constant pressure, criticism, and various possibilities of frequency that the mind often receives in times of market volatility is very critical, because handling those pressures are also a responsibility and while most people can't comprehend this fact, they often give up because they weren't ready to be responsible ,like I always say without responsibility, an individual can't handle the freedom in this space as it's not an easy task. Basically understanding the value of what your goals are is an essential factor, as hesitation only leads to procrastinating.

I cannot admit that the guy is right to be honest since he's talking about crypto in general and not bitcoin. There is a very good possibility he's invested into Shitcoins which has gone down for bad and is living on worthless hope. Bitcoin and fairly very few altcoins can fit into the category he's describing, especially bitcoin which has a history of being a store of value and it's price always recovering and moving to the upward direction after going down. It is not a get rich quick scheme actually but it is important to be applying all these hope and patience virtue on the right asset and not on one that might even have been rug pulled and he's not even aware, thinking it will still recover.

[ColdLava40]

In a system where you have control, you are responsible for your actions.

The space is broad, it's bigger than many of us can imagine. Not everyone will be able to survive or profit from the crypto space. some are here to serve as lessons to others.

If you don't want to find yourself in that category, you should be ready to accept the truth and take responsibility to it's peak. There's no one perfect person in the crypto space. We all make mistakes.

But hwk do you move on from that big mistake? That should be a question you ask yourself everytime you make one. It keeps you in track.

[Amphenomenon]

​All this are the essential responsibility we should take note of in this space. Well that's just what... what other responsibilities do you think a crypto enthusiast should take note of?....

Not all coins are good to HODL
I have a personal experience on this, HODLing a coin or token after months/years and there is nothing to show rather a more constant decline overall.

The HODL term is also use sometimes by individuals in order to manipulate investors, dev or other core investors might be selling and you are HODLing and after getting the profits they move onto the next, part of the game, the majority is more concern about profit rather than integrity.

[Sammye3]

​Basically in as much as it may seem this person is obviously right ,the constant pressure, criticism, and various possibilities of frequency that the mind often receives in times of market volatility is very critical, because handling those pressures are also a responsibility and while most people can't comprehend this fact, they often give up because they weren't ready to be responsible ,like I always say without responsibility, an individual can't handle the freedom in this space as it's not an easy task. Basically understanding the value of what your goals are is an essential factor, as hesitation only leads to procrastinating.

I cannot admit that the guy is right to be honest since he's talking about crypto in general and not bitcoin. There is a very good possibility he's invested into Shitcoins which has gone down for bad and is living on worthless hope. Bitcoin and fairly very few altcoins can fit into the category he's describing, especially bitcoin which has a history of being a store of value and it's price always recovering and moving to the upward direction after going down. It is not a get rich quick scheme actually but it is important to be applying all these hope and patience virtue on the right asset and not on one that might even have been rug pulled and he's not even aware, thinking it will still recover.

Bitcoin does not entirely fall out of what he's talking about, it also depends on what kind of trader you are. For scalpers or day traders, its a daily experience with the low risk management. Bitcoin for the long term investment is not so bad for an investment given its a store of value just like you said but that is because bitcoin is in its consolidation stage now.

During the bull season, you could experience some massive bitcoin move in a couple of weeks and a constant volatility that just keeps the market unpredictable. Bitcoin is better than every cryptocurrency out there, and a lot more reliable for a long term investment. But even with bitcoin,  it is normal to have such experiences like waking up to a blown account; it just depends on how you trade.

[Marykeller]

Knowing that all the investment we have all made in crypto, one after the other, we are solely responsible for it, will now help you to understand that every investment loss and profits made are on you alone not on someone else. The need for blame games is unnecessary because that won't in any day save matters or change the market for your sake. The best approach at every time is to stay strong and to give yourself hope that you know that nobody will be giving you, because it is only you who knows the losses you have had for a long time in your portfolio

[Decimetre]

​All this are the essential responsibility we should take note of in this space. Well that's just what... what other responsibilities do you think a crypto enthusiast should take note of?....

Not all coins are good to HODL
I have a personal experience on this, HODLing a coin or token after months/years and there is nothing to show rather a more constant decline overall.

The HODL term is also use sometimes by individuals in order to manipulate investors, dev or other core investors might be selling and you are HODLing and after getting the profits they move onto the next, part of the game, the majority is more concern about profit rather than integrity.

You're very correct sir. There are coins that you can buy and Hold and after a while, you just know it that your money is gone because it will continue going down and down. If you are waiting for it to rise, you are just wasting your time. My friend once told me a story of how he invested over $1k in a coin and he never regained up to $50 from his capital after some period because the coins depreciated continuously.

I will advise that someone will have to check the number of years that such coins has been relevant before thinking of holding it. Some coins like bitcoin has made the name which is why it will be hard to get completely liquidated anytime soon. There are many shit coins out there that get too much unmerited hype from social media users. If you follow them, you will see yourself inside gutter. It is better to do your own research and then invest what you can afford to loose when you are investing in most of these coins that has no proof of longevity.

[SatoPrincess]

​All this are the essential responsibility we should take note of in this space. Well that's just what... what other responsibilities do you think a crypto enthusiast should take note of?....

Not all coins are good to HODL
I have a personal experience on this, HODLing a coin or token after months/years and there is nothing to show rather a more constant decline overall.

The HODL term is also use sometimes by individuals in order to manipulate investors, dev or other core investors might be selling and you are HODLing and after getting the profits they move onto the next, part of the game, the majority is more concern about profit rather than integrity.

You dey right, many of these new projects na just rug pull them dey do. I dey see many of them for exchanges, no use-case, no real value…just hype. How that kind project won take get head?
Number 9 na the only thing for the list way I no agree with. As a crypto investor, no put that kind responsibility for your head. People go make decisions way them feel say go profit them regardless of whether them dey see signs say na 419. no dey responsible for the people around me,

[Marvelockg]

​All this are the essential responsibility we should take note of in this space. Well that's just what... what other responsibilities do you think a crypto enthusiast should take note of?....

I don't find it funny that I have to normalise loss as though it's good thing and that's what trader's mostly do that I don't find too funny. The main goal or if you like you call it the responsibility of someone in this ecosystem is to ensure that he minimises loss. If you're loosing to a point that you're almost looking at loss to be a normal thing, that's already showing that you're missing things really well and that's where most traders always get it wrong and end up loosing too much.

If you're talking crypto in general, then loss is almost like a normal thing but if you're taking about bitcoin, then it's actually easy and possible to minimise losses if you're investing in bitcoin and not trading. Certainly, having the right mindset is good, setting the right goals is even better and ensuring your security architecture is topnotch is equally good but at the same time, you've got to also ensure that you have the right structure that minimises your loss to the bearest minimum. Once the structures are on ground I think it's even better to be focussed more on investing than trading because it takes out all these uncertainty from you.

[Dr.Bitcoin_Strange]

Personally, I believe what the guy is saying is actually true, some person have debated and disagree on somethings such as saying that crypto is for non quieters, most people believes that if crypto is not working for them, they actually have to quit and to be frank, some people are not actually focused in the same pattern of investment like every other investors in the crypto market, most people have their individual pattern which might have been the reason why they are not successful and so decided to quit.

[Amphenomenon]

Number 9 na the only thing for the list way I no agree with. As a crypto investor, no put that kind responsibility for your head. People go make decisions way them feel say go profit them regardless of whether them dey see signs say na 419. no dey responsible for the people around me,

I get your point and also the one from Op, and I go say both of whona correct. The thing be say as we know say some people nor dey hear word or notice sign, but rather just too focus on the profit, then they go cor enter scam or loss, make we sef make sure say nor be our hand the fault for come.

Like make we dey careful watin we dey recommend for others because if something bad happen, we join dey at fault.