Original Article Title: The Hidden Mental Game in Crypto
Original Author: @hmalviya9
Original Translation: zhouzhou, BlockBeats

Editor's Note: This article reveals the hidden psychological game in a bull market, where most decisions stem from collective emotion rather than logic. Individuals find themselves in a "intersubjective space" constructed by greed and fear, making them easily manipulable. A truly conducive space should inspire intellect and curiosity, rather than cater to hype. See the truth clearly, starting from awareness and intention.

The following is the original content (slightly reorganized for better comprehension):

Your brain is merely a vessel in an "intersubjective space."

In the crypto field, most of the decisions you make are not truly based on logic but stem from the "intersubjective space" you inhabit—a shared psychological and emotional frequency that you may not even be aware you've tuned into.

What Is "Intersubjectivity"?

When two individuals emotionally resonate, they are in an "intersubjective" relationship.

If you feel fear and I am also fearful, we enter the same emotional frequency. In this state, our decisions start to converge, experiencing similar feelings—even though we both believe we are thinking independently.

In this space, the intensity of your emotions shapes this shared frequency. If your fear is stronger than mine, your reaction will influence me. This intersubjective space will be "warped."

In this space, we share desires.

We develop a sense of "oneness"—a mutually reinforcing cycle of belief projection. For example, if we both believe crypto is about to take off, then we sync up. I say something, and your response further reinforces my idea.

Fear, Greed, and the Collective Reality Illusion

In the crypto world, most intersubjective spaces are built on two extremes: greed and fear.

During a bull market, hope binds everyone together. Everyone is reveling in the euphoria of financial freedom.

Logic? Long abandoned.

Your brain becomes a projecting host—and these projections do not belong to you. You are blinded by the collective optimism, only able to see what everyone else is seeing, rather than the reality itself.

Emotion vs Intellect: The Silent Conflict

In this emotional space, it is "Emotion" that takes the lead. You act emotionally.

Meanwhile, "Intellect"? It sits silently in the corner, with no opportunity to speak.

Your Emotion craves validation, while Intellect seeks clarity.

But the space between subjects rarely offers you clarity.

It rewards "speed" over "deep thought", "belief" over "truth".

Emotion wants: heat, comfort, stimulation.

Whereas Intellect wants: understanding, patience, skepticism.

Emotion is reactive,

Intellect is reflective.

Yet once you are deep in the fog of collective thinking, Emotion always speaks louder, and Intellect is often drowned out.

The Layer of Manipulation

You start to see the "future" that others have envisioned—the ones who think like you. But when everyone believes the same thing, this space becomes a breeding ground for manipulation.

In the crypto world, "subject-to-subject manipulation" is all too common—because money is involved here.

"Pretend consensus" is the most profitable strategy.

Some people will pretend to emotionally resonate with you, until they exit with your liquidity.

They leverage this space to extract value rather than share value.

And because these spaces are emotion-driven, not logic-driven, people often realize too late that they have been taken advantage of.

Truth Is Ever-Changing

In these "subject-to-subject spaces," the so-called "truth" is not fixed. It changes with the market.

People constantly switch between different spaces, seeking validation, stimulation, or new hope.

They call this "doing research."

But most of the time, it's just an emotional shift.

These spaces are almost all distributed along the spectrum of "greed and fear."

Which end do you fall on? It depends on your intent.

Shaping Reality through Intent

“Intent” is crucial—not in a moral sense, but at a frequency level.

Your inner drive determines how you perceive the space you inhabit.

If your goal is to make quick money, you will naturally fall into those fast-paced, hype-driven spaces—where attention is the currency, and you are the prey to “exit liquidity.”

But if your intention is to build, learn, or contribute, you will start noticing different signals:

Less noise,

More details,

Deeper discussions,

People talking about value, not just price.

In the interstitial space, your intent cannot be hidden.

Even if you don’t voice it, others can feel it.

Your experience in space will also shift accordingly.

How do you find your “space”?

Start with awareness.

Observe, don’t immediately engage emotionally. Slow down the scroll.

Listen first, then speak.

Use memory to filter.

Remember spaces that have hurt you,

And spaces that have brought clarity and understanding.

Ask yourself:

Is this space amplifying my instinct, or questioning it?

Is it prompting impulsive action, or encouraging thoughtful reflection?

Am I truly being understood, or just being sold to?

The space that truly suits you is not the one that appears to offer the highest ROI,

But the one that can keep your intellect sharp while igniting your curiosity.

It should enable you to ask sharper questions rather than just project desires.

Truth always carries more weight than hype.

Real “resonance” is natural, not manufactured through marketing.

Final Thought: Space Actually Exists Within You

Ultimately, the space you inhabit is not just the external environment, it also exists within you.

While your mind may want to escape,

if you are willing to let "reason" lead the way,

it will guide you home.

And this "home" is not a particular place,

but a way of seeing the truth amidst chaos.

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