As expressions of our collective psychology, markets are by nature cyclical. Prices go up and down as we swing between fear and greed, from bullish to bearish. Nowhere are these swings more extreme than in crypto, where everything is supercharged by the hive-mind dynamics of the Internet and the financial rocket fuel that is leverage. Compounding this volatility is the fact that crypto is inherently (and sometimes existentially) uncertain, as a speculative and emerging asset class. When thing...

As expressions of our collective psychology, markets are by nature cyclical. Prices go up and down as we swing between fear and greed, from bullish to bearish. Nowhere are these swings more extreme than in crypto, where everything is supercharged by the hive-mind dynamics of the Internet and the financial rocket fuel that is leverage. Compounding this volatility is the fact that crypto is inherently (and sometimes existentially) uncertain, as a speculative and emerging asset class. When thing...