X (Twitter) is probably one of those places I go to see what the current market sentiment is like. When Luna crashed and when FTX newly collapsed, Twitter was a cesspool of tears and anxiety, it became so toxic that people were forced to sell off what they had. In contrast, many influencers made the $200k BTC prediction during the 2021 bull market.
The Game Of Emotion
My point is that emotion is always heightened on X, and I believe this has increased in part due to the current monetization. It is always exciting to see people tweeting FUD, lies, and chicanery in order to gain views and farm engagement, and amidst all of this craziness, it is always exciting to see people talk about crypto, tweet about fake crypto giveaways, and advertise projects where influencers intend to rugpull them.
It simply demonstrates that the majority of people over there are only concerned with profit and their pockets, but it does not rule out the possibility of learning a lot about cryptocurrency, airdrops, and the necessary education. I believe that the reason people take the conversation there is because they want to share what they have with a larger audience.
It is not the same crypto space as Hive; here
You will find a lot of "this is not financial advice" posts, as well as a lot of community and stable emotion. Yes, we have expectations, but we need more people who are objective, realistic, hopeful, kind, and beautiful. Except for those who post phishing links, it is difficult to find someone looking to sell you a rugpull project.
However, there was also this during Jerry Banfield's time. However, I am not sure how the guy went from being a big Hive influencer on Web2 to becoming a major villain. It is just proof that Hive probably does not approve of sleeky people or evil geniuses. You automatically get the frown and all that.
I am not saying the system or the human community are superior here; they are simply more realistic, less sentimental, and more driven.
The Environment Differs
Again, we are mostly half realistic and half objective, building our stash, playing Splinterlands, and focusing on our various goals. However, there are still people who are constantly disappointed that BTC is performing well while we have yet to see $1; they simply refuse to stop comparing the markets, forgetting that we are still an alt project and will most likely require more time.
Overall, people who support the projects here are very optimistic; even if they are frustrated that we can still do better, we no longer see those lengthy FUD posts about everything that is wrong with this ecosystem. Although I would like to believe that the reason for this is that the incessant and unexplained downvotes have stopped, leaving only the downvotes that are most likely justified.
We saw a lot of rage-quit posts when this cesspool of downvotes became popular, with people saying all kinds of things because they were getting downvotes. It is mostly like the early days of Blockchain, when anyone could be downvoted for being associated with a whale or Orca, which was regarded as an evil person.
In Conclusion
Many of the crazy things that happened in the past are no longer happening, which I believe is due to the cessation of vote and downvote selling. On average, there are a variety of people here, but the Blockchain has a Hawk eye that makes it nearly impossible to do anything that no one would notice. It is not a comparison post; I just wanted to show how people react emotionally to things like money and price on platforms like Twitter and Hive.
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Upvoted 👌 (Mana: 0/50) Liquid rewards.
Thanks for the support always
That’s why when we see something maybe like a cryptocurrency trending on X, we gotta be careful. People follow others without making any prior research and it affects a lot of them.
It’s crazy how you’re advising people financially but end up saying that’s isn’t a financial advice😅
It's all for the fun on Twitter. Everyone wants to write something outrageous to farm engagement
I think the Hive community is more emotionally matured and rationally sound than crypto twitter community in general. Many users prefer to focus on their goals and keep building, instead of worrying about trivial things. Progress is being made, and eventually the price will reflect that.
I wouldn't say all of them over there (X) aren't sound. We just have more people who wants to mislead you all for their own gains. However there are still very knowledgeable accounts that truly educates people about crypto.
The expectations are there and I just think that all projects will face issues. They will get resolved one way or another but who knows if it was good for the project. Then again, I don't think we can really control that either. I just don't think I trust most of the financial advice out there either.
We don't really control anything, so I guess we just do what we can and hope for the best.
😂😂😂 you're right man, they'll literally talk like they're giving financial advice and end up saying this is financial advice.. wonder why they do that😂
It's actually them giving financial advice, but they're only saying it's not a financial advice so you won't follow what they've said they'll become responsible for whatever lose you might incur.
It's true, they want to get out of trouble and yet cause the problem at the same time.... This thing needs to be checked by the platform.. it ends up deceiving way too many people
👏 Keep Up the good work on Hive ♦️ 👏
❤️ @bhattg suggested sagarkothari88 to upvote your post ❤️
@bhattg thank you
@josediccus, you are most welcome!
Great post! Emotion is never an investor's friend, it will only lead to disaster. I believe it's easy to get caught up in FUD, I think we all have before. But all those people keep that disclaimer for a good reason, they aren't qualified to be giving advice!
You're right about the disclaimer. We know the damage of being too sentimental, but then we just can't control it; it's a human thing and the tensions are heating up over what will be and what will not be.
How has it been on your end?
Most people's expectations are high because of what they experienced in the last bull run, they have forgotten that most altcoins are still struggling and they need time. we must keep building
Altcoins will need a lot of time, and we that have been in the game already understands this.. Hopefully it all works out in the end.