emotional
creatures
some notes on why prices move the way they do
I.it started with a tweet
Nobody planned a coin. A guy called The White Whale was up looking at his charts one night and posted something that was kind of obvious but nobody had bothered to say.
Saylor sold his BTC and the price went up anyway. Then a while later a headline came out saying he sold, and even though that had already happened, people saw the headline and got scared and sold, so the price dropped. Nothing new actually happened in between. The only thing that changed was that a bunch of people read the word "sold" and reacted to it.
He wasn't really calling anyone stupid, he was just pointing at the thing everybody does and nobody notices. A lot of people saw the tweet and went yeah, that's literally me, and somehow that turned into this.
II.what is an emotional creature
Basically it's someone who buys a thing because it's already going up and sells it because it's going down, and then afterwards comes up with a smart-sounding reason for why they did it.
You always tell yourself you'll buy when it drops. Then it drops and you don't, because it feels bad in the moment, so you end up buying later when it's already pumped and feels safe. Then it comes back down and you sell right near the bottom. You know this is backwards while you're doing it. You do it anyway. I do the same thing, so I'm not really judging.
III.we are all retail
People act like there's some smart guy on the other side of their trade who knows something they don't. Most of the time there isn't.
The whale you're worried about is probably also awake at 3am looking at the same candle you are. The guy you're sure is an insider already sold in a panic last week and isn't going to post about it. And half the funds that are supposed to be smart money are just some dude clicking buttons a bit too fast. Everyone's kind of lost, some people are just better at sounding like they aren't.
IV.the chart is a feelings graph
A chart looks like it's full of information but really it's just a record of a lot of tired people clicking buy and sell depending on their mood that day.
When it's green it mostly means more people are feeling hopeful than scared right then. When it's red it means a lot of them decided around the same time that they'd had enough. So when you sit there doing "analysis" what you're actually doing is trying to guess how a big group of nervous strangers is going to feel next, which isn't really something you can be good at.
V.the headline beats the fact
The annoying part is that the actual event usually happens before anyone reacts to it. People don't move on the thing itself, they move on the headline about the thing, and the headline always shows up later.
That's why selling the news works, and why your careful plan to buy a bit every week somehow never feels right when you're actually doing it. By the time something is official it's already old news, but the fear or the excitement always arrives late, and the price kind of just sits there waiting for people to catch up and feel it.
So that's the coin. It doesn't do anything and it isn't supposed to. It's just a joke about the fact that we all trade on feelings and act like we don't.
anyway. we're all doing it. might as well have a coin about it.
$emotional is a memecoin about the fact that we all trade on emotion. No intrinsic value, no promises, no roadmap you should trust. Only feelings. Never invest money you can't afford to feel bad about. we are all emotional creatures.