We open the app, look at the flashing charts, analyze them, and sincerely believe we belong to a generation of a “new financial era.” But if we strip crypto of its technological hype and look into its psychological roots, something astonishing emerges: over the past four centuries, human nature hasn’t changed one bit.

Let’s go back to the 1630s, to the era of the famous “Tulip Mania” in the Netherlands—the first officially recognized financial bubble in history. What drove people back then? Exactly the same thing that drives us today as we stare at our phone screens: wild, all-consuming FOMO (fear of missing out) and the blind hope of finding quick and easy comfort. When an ordinary craftsman saw his neighbor get rich in a week simply by reselling a rare tulip bulb, his common sense switched off. People sold their homes, estates, and family heirlooms to jump into the hype at its peak. Sound familiar?$ARKM

But compared with the risks people faced back then, we modern crypto investors are very lucky. Our risks are just numbers on a phone. Sure, sitting through a deep downturn while your spot portfolio beautifully “pretends to be a pile of immovable rocks” and your emergency fund has vanished is a tough psychological workout. But a 17th-century investor wasn’t just risking a few cents. If their “asset” lost value, they could literally end up on the street, become a debtor, and die in prison or in abject poverty. Back then, the market punished people mercilessly, physically, and to the bitter end.

So why do we keep falling into the same traps? Because human psychology has always been driven by just two basic evolutionary instincts—Greed (the desire to get everything with minimal effort) and Fear (the panic of losing what you have).$APT

In the 1720s, the great Isaac Newton lost his fortune on South Sea shares because he couldn’t bear seeing others get rich. In the 1840s, Charles Dickens poured his book royalties into the railway boom, hoping for quick “multiples,” and got stuck in a downturn.

Only the scenery changes—from tulip bulbs and railway tracks, we’ve moved on to digital tokens. But human nature remains completely unchanged. Just as it was 400 years ago, the market is a cynical arena that punishes people for frantically shuffling assets at rock bottom, burns through the capital of panicky investors, and ultimately gives the money to those who have found their unshakable calm and know how to wait.$MINA

The past teaches us one thing above all: financial storms come and go, assets soar and sink to the bottom of the ocean, but a resilient character and the ability to live real life “here and now” are the only currency that will never lose its value.

Thank you for reading to the end. I hope you found my content interesting. ❤️❤️

This is purely my personal philosophy, not financial advice. Always think for yourself and do your own research (DYOR)