Welcome to the world of Web3, where cryptocurrencies, blockchain, and a unique culture converge. Entering the world of Web3 can be both thrilling and overwhelming, especially when faced with the seemingly cryptic language used by enthusiasts. Don't worry if you feel they sound like some secret codes, we are here to unravel their meaning in Web3 context. In this article, we are going to introduce [Cryptosis].
Cryptosis refers to an intense obsession or excessive involvement with cryptocurrencies and the broader digital asset market. It's characterized by an insatiable appetite for the latest crypto news, market trends, and trading strategies. While staying informed is beneficial, Cryptosis often leads to fear of missing out (FOMO) on potentially profitable trades, triggering mood swings and anxiety if their investments do not yield the expected results.
Regularly remind yourself of your long-term financial goals and avoid getting swayed by short-term market fluctuations.
Practice mindfulness to keep your trading activities and emotions in check.
Source: Whitebit
Cryptosis is a phenomenon that underscores the need for balance in the rapidly evolving world of Web3. As exciting as it is to be part of this digital revolution, it’s essential to approach it with a level head and informed perspective. Remember, the journey into cryptocurrencies and blockchain is a marathon, not a sprint. Equip yourself with knowledge, set realistic expectations, and embrace the learning curve. Happy Learning!
If you would like to learn more about web3 slangs, let’s explore more in our HackQuest Web3 Glossary!