Quote from: thecodebear on December 30, 2023, 03:51:18 AM

At the bookstore today I saw some book about the rise and fall of crypto. On the front cover it was saying crypto went mainstream in 2021 and then collapsed in 2022 culminating in the FTX collapse. The book was definitely partially about the FTX collapse, but it also referred to the entire market as having collapsed, hence the "Fall" part of rise and fall. The final sentence on the front cover mentioned something about the collective delusion that led to this rise and fall of the $3 trillion market.

It hit me that the author, who presumably did a lot of research into the industry in order to write the book, is basing his book on the idea that crypto has collapsed permanently after having a short moment in the mainstream in 2021 (though you coulda said the exact same thing about 2017).

I almost laughed out loud cuz here is an author that did enough research to write an entire book, far more research into the space than the average person does, and even the author doesn't understand what anyone who actually participates in the market easily understands - that the market is cyclical and the 2022 crash was not an end event for the industry but simply the end of a market cycle leading into the next larger market cycle.

Knowing that the market goes through four year cycles and each one is bigger and each big crash and bear market is just a temporary downturn before the market grows vastly larger than it previously was...this is extremely basic knowledge for everyone in the industry. But someone who wrote a whole book on the topic doesn't even understand that! It just really blew my mind. The author thought he was writing about the collapse of the market, yet he would be laughed out of the room by anyone with even a little understand of the market. What is it going to take to educate people on bitcoin and the crypto market?? Every four years its like the general public has a complete reset and thinks bitcoin is going through a bubble for the first time and then dies for good. And they completely forget that it did the same thing a few years earlier likely when they first heard about Bitcoin in 2017 (they probably don't know it had done it a few times before that too).

But just like how do we get the average person out of the repeating delusion that every bull run must be the last and every new bear market is bitcoin and crypto finally collapsing for good? Cuz I mean the average person legit thinks that bitcoin is over during each bear market, they literally think "oh I missed out on that bubble". A friend of mine even said that to me like a month ago, she asked what I had my money in and I told her Bitcoin and her response was oh I missed out on that. She just assumed that it was a one time bubble that was over.

How do we educate people that Bitcoin is a continuously growing global currency that is still in its early staged and each big boom and crash is just its early growing pains? Its just crazy to me that people see Bitcoin becoming more and more valuable and its much much more valuable than the few thousand dollars it was worth when they likely first heard about it in 2017 and yeah they all think it was just a bubble that has passed and they missed out and there's no reason in paying attention to it or owning it now. And then of course they'll be surprised in 2024/2025 when they start hearing about Bitcoin again but then by 2026 when the next bear market hits they'll forget all about the past market cycles and go back to thinking oh it was a bubble and is now dead.

Bitcoin and crypto's been dead for so many times now I may as well call it the rezombification everytime it gets relevant again. It's like every time some idiot who knows jackshit about bitcoin loses money on the crypto industry after they bought high and sold low loses their money they always presume that bitcoin/crypto is dead, and I think this author's on the same boat. Or perhaps he's trying to sensationalize the hate against crypto once again and is using FTX as the driving force to tell people in evidence that crypto is already dead for good and there's nothing you can do about it. LOL. We all know what the truth is and what is already brewing above us so yeah, let this stupid author sell books while the rest of us here are earning money more than he will ever see in his damn life.

But of course, proper education about what really is crypto all about's more important than telling people they will be rich, or that bitcoin's dead. The only problem we have with that is the fact that misinformation spreads faster than facts. Not to mention the fact that the average human being's attention span is fucked beyond repair, and we got people who would believe anything they first saw.

I used to create bait articles in the past where I would make a headline about something so sensational about bitcoin's death only to slowly marinate the reader into realizing that bitcoin's not death, basically reel them in with misinformation, and then beat them in the face with facts and logic. I don't know if stuff like these will still work, but hey, worth a try right?