Original title: The Hidden Mental Game in Crypto
Original author: @ hmalviya9
Original translation: zhouzhou, BlockBeats
Editors note: This article reveals the hidden psychological game in the bull market. Most decisions are based on collective emotions rather than logic. People are in an inter-subjective space constructed by greed and fear and are easily manipulated. The right space should stimulate intelligence and maintain curiosity rather than cater to hype. See the truth, starting with consciousness and intention
The following is the original content (for easier reading and understanding, the original content has been reorganized):
Your brain is actually just a carrier in the intersubjective space.
In crypto, most of the decisions you make aren’t really based on logic, but rather come from the “intersubjective space” you’re in — a shared psycho-emotional frequency that you may not even realize you’re tuned into.
What is intersubjectivity?
When two people resonate emotionally, they are in an intersubjective relationship.
If youre afraid and Im afraid, weve entered the same emotional frequency, a state where we start to make similar decisions and feel similarly—even if we think were thinking independently.
And within this space, the intensity of your emotions will affect the shape of this common frequency. If your fear is stronger than mine, your reaction will affect me. This intersubjective space will be distorted.
In this space, we share desires.
We develop a sense of unity - a cycle of mutually projected beliefs. For example, if we both believe that crypto is going to take off, then we are in sync. I say what you say, and your response reinforces my idea.
Fear, Greed, and the Collective Illusion of Reality
In the crypto world, most intersubjective spaces are built on two extremes: greed and fear.
In a bull market, people want to tie everyone together. Everyone is fantasizing about the ecstasy of financial freedom.
Logic? Its long been put aside.
Your brain becomes a host to projections—projections that are not your own. You are blinded by the collective optimism and can only see what everyone else is seeing, rather than reality itself.
Thinking vs Intelligence: A Silent Conflict
In this emotional space, it is the mind that takes control and you become emotionally motivated.
And intelligence? It sits quietly in the corner, never getting a chance to speak.
Your mind craves recognition, while your intellect seeks clarity.
But intersubjective space rarely gives you clarity.
They reward speed rather than reflection, belief rather than truth.
What the mind wants is: heat, comfort, stimulation.
What intelligence requires is: understanding, patience, and skepticism.
Thinking is reactive.
Intelligence is reflective.
But once you’re caught in the fog of groupthink, thoughts are always louder and intelligence is often drowned out.
The layer of control
You start seeing other people’s drawings of the “future”—drawn by people who think like you do. But when everyone believes the same thing, the space becomes a breeding ground for manipulation.
In the crypto world, “inter-subject manipulation” is all too common—because money is involved.
Pretending to agree is the most profitable strategy.
Some people will pretend to share your sentiments until they use your liquidity to exit.
They use this space to extract value, not share it.
And because these spaces are driven by emotion, not logic, people often don’t realize they’re being taken advantage of until it’s too late.
The truth changes
In these intersubjective spaces, the so-called truth is not fixed. It changes with the market.
People will constantly switch between different spaces, looking for a sense of identity, excitement or new hope.
They call it doing research.
But in fact, many times, it is just a transfer of emotions.
These spaces are almost all distributed on the spectrum of greed and fear.
Where do you fall? Depends on your intentions.
Intentions shape reality
Intention is important—not in a moral sense, but at the frequency level.
Your inner motivation determines how you view the space you are in.
If your goal is to make money quickly, you will naturally fall into those fast-paced, hype-driven spaces - attention is currency, and you are the exit liquidity harvested by others.
But if you want to build, learn, or contribute, you’ll start to notice different signals:
Less noise,
More details,
For a more in-depth discussion,
People are talking about value, not just price.
In the intersubjective space, your intentions cannot be hidden.
Even if you dont say it, others can feel it.
Your experience in the space will also change accordingly.
How to find your own space?
Start with awareness.
Observe, dont get emotional right away. Brush slowly.
Listen first, then speak.
Then use memory to filter.
Remember the spaces that have hurt you.
Remember also the spaces that have brought clarity and understanding.
Ask yourself:
Is this space amplifying my instinct, or questioning it?
Does it make me act impulsively, or slow down and think?
Am I being truly understood, or am I just being marketed to?
The space that is truly suitable for you is not the one that appears to have the highest ROI (return on investment).
But the one that keeps your intellect clear and stimulates your curiosity.
It allows you to ask sharper questions rather than just projecting desires.
The truth always weighs more than hype.
True resonance happens naturally, not through marketing.
Final Thoughts: Space is actually in your heart
Ultimately, the space you are in is not just the external environment, it also exists within you.
Your mind may want to escape.
But if you are willing to let intelligence lead the way,
It will lead you home.
And this home is not a project.
It is a way to see the truth in chaos.
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