2022-06-16

2 minute read

Advice given on June 16, 2022.

Crushed by Crypto

Hey Jay,

Well anyone who has read the news lately knows that the entire cryptocurrency market has crashed. As someone who was late to the game, but invested a lot of money into cryptocurrencies, I am feeling crushed. How can I feel better about myself? I’ve lost a lot of self-confidence and self-esteem as I feel I made such poor decisions with my money. What should I do?

Thanks,

Crushed by Crypto

Crushed,

I feel for you and I hope you don’t feel too down in the dumps. As you seem to be aware, you aren’t the only one losing out now, the entire crypto sector is experiencing a selloff and stocks have also been taking a plunge. I understand that you feel a bit less confident, but you need to view this event in a more positive light and try to make the most of it. Take it as a learning experience, and start learning about economics and markets so that the next time you make risky investments you are better educated. As far as feeling better about yourself, I think some time will help.

All the best,

Jay

Sick of the Sell

Hey Jay,

I have a friend who is a great person, but they have a problem. They’re very charismatic and always “selling” people on whatever thing they have recently picked up. For a stranger, this interaction seems great - they walk away having learned about something new to check out. As a friend, I’m tired of being given a sales pitch whenever I ask my friend how they are doing or what is new in their life. How can tell me friend to stop trying to “sell” me on things?

Sick

Sick,

This is an interesting dilemma. It sounds like you may be the less chatty of the two of you, if your friend enjoys talking with strangers about their latest find. To your question, I think it is a bit of a tricky spot to be in. I don’t know your specific relationship with this friend, but if you tell them to stop “selling” you on things, you run the risk that they will just not tell you about what is new in their life. That situation might be the beginning of the end for your friendship. It might be better to approach this with a more open mind, and listen to your friend, but tell them that you have different tastes, likes, and dislikes. Maybe you can ask them to recommend things to you that they think are things you specifically will like, and trust your friend to be understanding. If you choose to have this kind of conversation, I would be careful to put the “problem” on yourself, rather than on your friend. The issue shouldn’t be presented as your friend “selling” you on stuff, but should be presented as you feeling overwhelmed or uncomfortable with trying so many new things, or doing things outside of your comfort zone. By focusing this conversation on yourself rather than projecting the issue onto your friend, I think you’ll have a better chance of getting the results you want without losing your friendship.

Good luck,

Jay