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Comment by matthewbauer | Hacker News Reader

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matthewbauer·

The post mentions the psychology today article but I’d like to say it’s actually a pretty okay article:

https://www.psychologytoday.com/blog/mind-in-the-machine/201...

(Author should disclose if he owns IOTA however)

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That's an interesting article into the psychology and mind-tactics of crypto fans.

Not sure why you've been downvoted but the article is worth a look.

The article does make some good points but it also comes over as a fluff piece for IOTA while tiptoeing around all IOTA's serious issues and implicitly labelling any criticism as "FUD".

I think this is so much more interesting than all the yelling about these currencies that are not even being used like currencies. Why do people feel so personally and emotionally invested?

I mean here in this thread l’m running around trying to correct toxic misinformation, but what’s making me doing that? And what’s making the guy who brought up Cardano casually mention the rankings on coinmarketcap as if that means anything except to instill FOMO. I hope we see more articles on the psychology and sociology behind fear cycles in crypto.

Thanks for highlighting this, I'm going to share with all of my friends investing/thinking of investing in the crypto space. Always good to get a reminder to take everything you read with a grain of salt. Also rarely get to see these almost short-term post-mortems, which give the (seemingly) whole picture of what happened with the price increase and following decrease.

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