> 'I didn't buy it for money; I bought it because I believe in it.'
When you start defending a cryptocurrency, it's like defending your own faith.
And faith is precisely the most dangerous investment motive.
In the world of altcoins, some people are not buying coins but are making a commitment.
They call themselves 'early believers,' 'community evangelists,' or even 'spiritual awakeners,' working for the project selflessly, passionately drawing people in, shielding the founder from criticism...
The crypto world lacks technology, money, and KOLs; what it lacks is a profound reflection on 'faith.'
Today, let's talk about why altcoins are increasingly resembling a religion.
1. From coin to god: How are altcoins 'deified'?
1. The founder is the 'prophet'
Every tweet from them is interpreted as a 'prophecy,' and every silence is seen as 'something big is about to happen.'
Lack of communication does not equal transparency; rather, it reinforces 'mystique.'
2. The white paper becomes the 'Bible.'
Even if it’s just a few pages of draft written by GPT, some people treat it as a standard, studying, quoting, and preaching it word by word.
3. The community as a 'church'
The atmosphere in the community is not about communication but about unified will. Questioning is 'heresy,' and FUD is 'betrayal.'
Only a consistent 'belief' is a guarantee of value.
4. The coin price is the 'miracle.'
A price surge is called 'realizing the vision,' while a price drop is blamed on 'lack of faith.'
People no longer focus on data and logic but look to 'divine will and consensus.'
This is not an investment arena; it's a faith arena.
2. Why is faith so easy to generate?
The emergence of faith is humanity's self-comforting mechanism against uncertainty.
And altcoins are precisely a highly uncertain existence.
When you cannot control technology, transparency, liquidity, and project direction,
You tend to establish some kind of **'meaning framework':**
'This project is not a scam; it has a mission; it represents myself.'
So you keep investing emotions, time, and social resources until your self-identity is deeply tied to this coin.
You no longer evaluate whether it's worth holding; instead, you start asking others: 'Why haven't you bought yet?'
3. The most dangerous thing is not losing money but 'cognitive kidnapping.'
When faith is formed, you will exhibit three types of behavior:
Denying reality: the coin price hits zero, and you say, 'This is the layout'; abandoned, and you say, 'It will definitely come back.'
Attacking differing opinions: When others analyze risks, you say, 'You don't understand Web3; you're an outsider.'
Continuous sunk cost: the more you lose, the more you buy; the more you buy, the heavier the loss; the heavier the loss, the more painful it gets; the more painful it gets, the stronger the belief.
This is not a project issue; it is you looking at the coin as a mirror, seeing your life hopes.
It has become the projection of your 'future self,'
Thus you cannot admit its failure, for that would mean you have failed as well.
4. How does the belief system of altcoins create disillusionment?
The cruelest part of the crypto world is not the volatility, but:
> The loneliness at the moment of faith collapse.
When the project team runs away, the community is deserted, and the KOLs are collectively silent,
You then realize that so-called faith is just a form of self-hypnosis.
But what's harder is that you can't admit to others that you've been fooled.
Because this is not merely 'losing an investment,'
But you have once invested passion in it, stood on its platform, and built dreams.
You lost money, but more importantly, you lost your sense of 'meaning.'
5. How to detach from faith without completely disillusioning?
Allow faith, but it must be falsifiable.
You can 'believe,' but this belief must withstand questioning and verification.
Is it openly on-chain? Is the team real? Are there real users?
Cognitive self-binding, timely defusing.
Investment ≠ self-identity. You are you, and the project is the project.
When the coin collapses, if you are still alive, there is still the possibility of a comeback.
Turn 'running alongside' into 'leveraging.'
Don't think of yourself as a 'volunteer' or 'believer'; learn to use it as a tool, establishing your own profit logic.
Realize: your faith is a chip in the eyes of others.
Every 'believer' shouting All In,
Everything is liquidity waiting to be realized in the eyes of the major players.
6. Conclusion: The endpoint of faith is a return to rationality.
When altcoins become a religion, we need to ask:
Do you believe in the project or in your determination to fight against the world?
What truly deserves your belief is not a random token, an anonymous founder, or a bullish market that has yet to appear;
But it is you looking at each choice,
The ability to clear oneself and walk out of the fog.
The ultimate evolution of investors is not a stronger judgment but a deeper self-awareness.
Don't be a blind believer; be a clear-headed traveler.
