This bearmarket is definitely put a lot of people to the test.
A couple of 2017 fameous youtubers already shutdown their channels, some just produce content every now and then.
The 2017 frenzy also brought a lot of users into Steem as there was "free" crypto to be made.
The mindset was totally different compared to today.
If a coin did not moon within a couple of weeks it was a bad buy and god forbid if it went down then it had to be a scam.
Greed was the name of the game and brain was not allowed to play the game. A ponzi scheme like Bitconnect made it in the top 10 on CMC...this should tell you something.
This mindset you also could feel on Steemit. 1000s "Hello I am new here and I am here for the long run" posts were made and just a couple of weeks later the "Steem is so unfair" post.
Steemit was buzzing but also full of scammers, shitposters ( even worse than me ) and spammers. You think now is bad?
This is nothing compared how bad it was. There was good money involved and people tried to get their hands on that. Me included.
2017 messed the market and the expectations of people invested in it, up. As mentioned there were huge gains to be made in a week. Money seemed to be endless and people were buying coins on the recommendations of some 19 year old youtuber because he is in this space already 2 month and with that an expert.
What the coin does? Does not matter!
The team? Fuck them!
Does this problem need a blockchain solution? Probably not but fuck it!
ICO? Where and when do I buy in? When Binance?
People got burned including me. People did not take enough profits including me and everyone else in hindsight.
Will we get rewarded for still hodling, posting, voting and buying? I sure think and hope so! Will it be as crazy as 2017? Maybe, maybe not...nobody can tell you.
And surely not some fancy triangles on your chart. IF China comes out and says Bitcoin is the best thing since rice no chart will tell you that.
No other asset is this emotional loaded as crypto. I dare you to write something bad about XRP on twitter and see how the ripple army is responding to that.
If I buy any stock I am not running around telling people how awsome this one is and how bad the other ones are while wearing a Tshirt of it.
Crypto people are a strange community and somehow I love it...