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意见领袖与推广

Web3 culture · 1 Feb 2026

You can clearly sense the uncertainty in many of them, which is completely understandable....and it goes far beyond crypto.

原文为英语,导航提供七种语言。

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I am truly impressed by your many honest and candid answers.

You can clearly sense the uncertainty in many of them, which is completely understandable....and it goes far beyond crypto.

Ofc I do not have a secret formula or a magic tip to fix this.

We are not dealing with a simple market cycle, a temporary drawdown, or another familiar phase of volatility.

What we are witnessing is a shift in the structure around the market.

The environment in which crypto exists is changing fast.

I am repeating myself, but…

For years, many participants learned to interpret everything through the lens of cycles.

Bull markets, bear markets, accumulation phases, euphoria, capitulation.

This mental model worked because the underlying structure remained relatively consistent.

Today? That structure is being reshaped by forces that have little to do with the original principles that attracted people to this space.

This is why the current uncertainty feels different.

It is likely about questioning what kind of ecosystem is forming around it, who is influencing it, and what incentives are driving the largest actors within it.

Crypto has either, as expected, become a victim of its own greed and indifference, or it was simply not strong enough to do better.

Maybe both.

Prices will very likely come back, even if it hurts at the moment.

I am more concerned about everything else.

相关研究

意见领袖与推广

From decentralisation to attention capture

How financial incentives, manufactured attention and platform design shape participation in crypto, with the original evidence and source list.

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