In your mind, you must be like:
“I will exit with profits on time whenever I see my folio going up.”
You always thought like that, but you never acted?
Higher chances that you'll repeat the same mistakes again.
Let’s talk about the psychological trap in a BULL CYCLE 🧵
I'll start with a personal story so you could relate better.
I started investing in crypto in 2016 when I bought my first Bitcoin at $500.
I had my skills with me during the 2017 bull cycle, which helped me make enough money to retire at the age of 26.
I didn’t get humble, I tried to outsmart the market again.
I tried to recover the lost wealth by playing the high-risk leverage game.
Got an early headstart, built skill, made good gains — and the ego made the return only to bankrupt me not once, but twice.
By God’s grace, I managed to survive both the times.
Self-belief was too strong, which put me back in the game.
I made some money, I was humble at the start — but the ego took over when I went all in on NFTs in the last cycle, convincing myself this is the next big thing.
I repeated the same mistake of holding a bag of digital strings attached to an excited future, which I convinced myself was very close.
It brought more people into the same story around NFTs, and we all lost together.
The mistake was made again — in the wallet we controlled in an intersubjective space.
These mistakes will keep happening over and over again unless me and you realise that we're operating on autopilot mode when things start to move fast — and that happens in a bull cycle.
In a bear cycle, when things move slow, you start building logic, you ignite hope, and you vouch for discipline.
But when the mind picks the pattern of a bull cycle which it once witnessed in the past, it gets expectations of a crazy amount of expected rewards.
It starts releasing dopamine every day, keeping you so involved in that thrill that your intellect takes a backseat after a while.
What remains is your evolved tendencies, and your deep-rooted desires.
If you grew up with a desire of making a shitload of money while watching your parents really struggle to fulfill your desires, then in that case, these deep-rooted desires will always make a comeback in a bull cycle.
The mind will never be convinced — even 10 mil looks like nothing to it after you achieve it, because now you also have a grown-up ego which tells your intellect,
“Look bro, I’ve done it once, I can do it again — it’s just one more trade, then I’ll stop.”
Your ego is a part of your mind, and what it’s trying to do now is the result of evolved tendencies —the way it has seen the market in the past, the way it sees other people.
Your mind is just a part of the intersubjective space you're dealing with on CT.
If newbies are driving FOMO on CT, you could be an oldtimer but you can’t even keep yourself safe from that FOMO.
It will attend your mind — if your reasoning is weak, you’ll surrender too.
It doesn’t really matter how much time you’ve spent in the market — you could simply repeat the same mistakes again and again.
And most of these mistakes will be done in autopilot mode, where you’ll reach the peak of your ego — and that’s when the market will pull the trigger to humble you down.
The only way for you to exit this psychological trap — partially or fully — would be when you find a life outside crypto, when you build priorities that are more important than watching the screen 24/7, when you invest time in creative exploration, when you read different perspectives, when you build depth in the projects you’re invested in.
Once you do that, your reasoning becomes strong enough to win over your mind every time it asks you to follow the advice of the crowd.
You will pause and think — what is best for you, based on your own reflection from the past, not from the reaction to the collective emotional energy of people.
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