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414 sats \ 7 replies \ @elvismercury 3 Oct 2023 \ on: Unlocking The Psychology Of Bitcoin's Bear Market bitcoin
I like the article, but ... are people really at a low point, psychologically? My sense is that things have turned around already. It's like the vibes he's talking about happened, but months ago.
I really only posted the link because I wasn't expecting that bitcoiners perspective from a non bitcoin publication. Bombthrower is covering bitcoin often recently.
I wondered about whether people are down too. I feel like I'm immersed in bitcoin circles like SN where price is rarely front and center anyway. That may not be the case on say, reddit or twitter.
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Good point. It's hard to know how things are perceived from outside the system you're embedded in.
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I think I read that Wallace commencement years ago. I like that Eskimo story. You citing this, combined with a post you made earlier today about the danger of assuming your perspective is correct with dogmatic certainty, reminded me of this line from Yeats' Second Coming:
The best lack all conviction, while the worst Are full of passionate intensity
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Ha! I've thought of that very line a number of times, about this general space we're soaking in. Passionate intensity abounds for sure :)
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It kind of hit home for me when you were talking about "shitcoin." I use that term a lot, although I've had similar reservations at times.
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You're right about the timing too. People buying in the depths of the bear market should be happy with their returns now if that's their focus.
David Foster Wallace! I shall give this a read. I'm a fan.
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the writer @KaneMcGukin is a bitcoiner.
TL;DR
stay humble. zap sats.
youre right tho - most plebs dont care about price on Stacker/Nostr
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