1/ # 1.4.1 Communities and projects

A big factor in the speculation and delusion in crypto is the communities. In crypto a lot of people get sucked into communities and end up part of a "tech fan club".

2/ They invest in a project, learn about it, join the Telegram, the community, exist in a bubble of info all telling each other how they'll all be rich some day, worshipping the project like a cult/sports team.

3/ All brainwashing each other with "research", going down the rabbit hole of speculation and dot connecting, until speculation and plans becomes fact and certainty. "I'm never selling".

The project loves this. They cultivate this.

4/ Many projects spend a lot of time building these communities to work in this manner. They want you to feel part of the team.

5/ It makes people hold, buy more, with the added bonus that the community members also do "free work", not only marketing the token across social media, but also often working for free on articles, content, podcasts and moderation.

6/ Finding these people is exactly what the project wants.

Imagine the following scenario: Amazon puts out a sales brochure for a product they haven't even finished designing or making yet containing dream-case tech capabilities and is mostly total marketing fantasy.

7/ They say how you should invest in Amazon because of this amazing (yet-to-be-released) product. People then invest in this and go around the internet telling others to do so, doing Amazons marketing for them.

8/ Anyone who questions anything about the product such as concerns about unrealistic aspects are labelled as FUDrs.

9/ These people argue all across the internet, citing Amazons sales predictions from the brochure and tech specs as fact: "In the first year they will sell X units and it is the fastest product on the market!! You have no idea what youre talking about.".

10/ Imagine how much Amazon would love this. That is what most people are doing in crypto. They are suckers going around doing other peoples marketing, making them rich, repeating promises and sales pitch info as fact.

11/ The group brainwashing that occurs in these communities doesn't just effect how they view that project, but also often alters how they perceive the whole of crypto and other projects.

12/ This happens due to the project shilling a "crypto market narrative" of how crypto will play out in future which explains how/why the project is bound to succeed.

13/ Often you can identify holders of certain projects without them ever stating they hold it, just by the comments they make on other projects "how does it deal with xyz problem?!", "Does it have xyz feature? because in the future its going to be important".

14/ All due to them having the same brainwashing about the future of crypto/issues in crypto, which was done to convince them of the projects success due to it supposedly addressing these problems/issues.

15/ This doesnt always happen through some devious masterplan by the core community/project, but instead just builds naturally over time through having a TG of holders, shilling each other in an echo chamber, viewing anything non positive as a threat to their investment.

16/ These people miss out on altruns/life changing money because they get sucked in and don’t understand the points mentioned above.

17/ They become lost being part of a club, cultivating delusion, terrified of selling because they’ve convinced each other they are in the next Google/Microsoft and in all likelihood will come out of crypto with nothing, all because of brainwashing each other.

18/ Its crucial to understand TG channels for what they are. These are not places for open discussion.

19/ These are echo chambers of information/speculation/shilling whos purpose is to maintain a positive sentiment among holders and stamp out anything which has a negative sentiment, labeling it as FUD. They are designed to get new people to buy and to get holders to hold.

20/ You don't need to get annoyed by this or think it shouldn't be the case. It is what it is. An extension of the marketing. View all the content in them through this context.