There’s only one thing certain about NFTs and no, you won’t want to hear it
I don’t have a crystal ball, but I know this for a fact. And you will really hate me for it.
Ready?
NFTs are uncertain.
There, I said it. And I know, you are probably rolling your eyes, as you knew this before. I’m with you, but before you go away let me just explain what I mean…
Think back to when you entered this space:
- How did you feel when you minted your first NFT?
- What went through your mind?
- How did you connect with other people in this space?
- When did you clock that anything can happen here and even those who preach certainty probably have 0 clues about what’s to come?
Uncertainty is a rather fascinating phenomenon. A lot of us don’t like it. Some of us even have an intolerance towards it (Dugas et al. 2005) which contributes to worry and anxiety.
As a therapist, me and uncertainty are great pals. Most clients struggle with this to a certain extent and they are not sure how to deal with it. The most common coping strategy is they try to make things more certain (helping them address this is great fun to be fair — not for them).
Anxiety feeds on it, worry uses it as a springboard.
Well, that’s not a very good setup, is it? As a human being, I am often stuck with the fear of uncertainty (don’t think working as a therapist makes me immune).
And yet, uncertainty is something that’s constantly with us. I often joke that the only certain thing in life is that we’ll all die. Yes?! Yes.
We either manage it well or compensate for it well — either way, you quickly find out which tribe you are in when you enter a volatile NFT market.
You get to cozy up to uncertainty even further when circumstances are less optimal — bear market anyone?
Things may become quite messy and cold in the coming months, so learning how to acknowledge how you react to the discomfort that not knowing brings could be pretty crucial.
If you are interested in ideas on how to deal with uncertainty — let me know in the comments and I’m happy to write more about it.
Dugas, M.J., Hedayati, M., Karavidas, A. et al. Intolerance of Uncertainty and Information Processing: Evidence of Biased Recall and Interpretations. Cogn Ther Res 29, 57–70 (2005). https://doi.org/10.1007/s10608-005-1648-9
