What Cryptocurrencies Can Teach Us About Greed

Over the past few months cryptocurrencies saw an amazing run. Many saw their investments reach unbelievable valuations. Many failed to sell due to greed. It could only go higher, right?

Most people that got into the cryptocurrency train, partly did because of the heavy manipulation in the traditional markets. They expected Bitcoin and the other cryptos to be an escape from the old ways and the path onto something new. Yes, the same greed patterns are presented in these markets as well.

The only difference is that the participants are regular people who used to call "the others" greedy. Most of these people though, got to experience what the rich have always been experiencing. The idea that one can have more and that everything can only go higher, is what regular people stigmatised as "the problem" with our society. Yet, they too had the chance to change things for themselves and yet repeated the same old pattern. And they lost huge profits.

Humans are not that different from one another. Whether one is poor or rich is of little difference. The only difference is that the one has yet to be presented with the opportunity that will unravel them into the mentality of the other. Think of human status for example as stages in a video game. With every level the character finds themselves into situations they get to experience different sensations and realisations. With crypto a poor average person could taste the feelings, sensations and mentality of those whom he accused just a few years back about greed.

Nobody feels that they are greedy. It is always the others that are greedy. Right? The billionaire feels like they are creating jobs for others so they are not greedy. Their assets are invested. The workers feel their boss is greedy because they have less than him. People from Somalia feel that the workers of the billionaire guy are greedy because they have more than enough to live comfortably, afford medication and food and not have their children die from hunger. The chain goes on and on based on the level each human being is found.

Much like the markets and natural ecosystems, this distribution of greed creates a structure where one accuses the other. Cryptocurrencies have demonstrated this very well and the average Joe got to be "rich for a day" and saw how this felt. If you ever wonder why the economic system will not change any time soon, well you have your answer. Even if we replace those at top with the most idealists of us, the same result will occur. It is human nature to be greedy because we are primarily selfish beings. We value ourselves first.