The future is uncertain, have that Xbox now

Let's talk a little FOMO. I am sure by now everyone that has anything to do with crypto knows that FOMO stands for Fear of Missing Out and that it is commonly coupled with another term, Hodl. Hold.

FOMO is when one sees an opportunity and wants to jump onto it to ride the waves but due to the want, the mind doesn't think clearly and makes rash decisions. Think, Bitconnect where everything pointed to a Ponzi Scheme but people ignored this because they wanted them dollars. Hodl is used at times when people should hold on to a coin instead of panic sell out of FUD (Fear, uncertainty, doubt) or for coins that have a bright future.

TL:DR:

• FOMO and Hodl in the real world
• We have been hacked to consume now
• Growing class gaps
• Step back and evaluate life
   

But, everyone knows this in the cryptosphere, right?

How I see it is that these concepts are no different to the real world where essentially every new product is an ICO promising to revolutionise this and that. It doesn't matter what it is, it will change your life, from the latest gadget to the latest toilet cleaner, restaurant to fashion, all make various promises to have an effect on our lives. It is like TV shop and in my opinion most is just as obvious and transparent AF.

Is it obvious though? Well, obviously not because consumerism of disposable nonsense is at an ATH (all-time high), as is the release of said nonsense. The ICOs of products have been designed to grab our attention and trigger our FOMO mechanisms to part us from our hard-earned money that we should probably just Hodl.

And, they have more ways to target us, more ways to draw us in as they actually have products to demonstrate and show and those products make us feel good about ourselves, feel successful and pretty, entertain us and offer avenues for avoidance of all the crap our life contains.

Do people not see the problem? No. They are blinded by the FOMO, they are not thinking rationally, they believe that watching one more movie, bingeing one more series, playing one more game, buying one more headset, phone, laptop or Xbox will be the magical number that tips the scales and makes their life good. How's it working out?

This is the problem with Hodl, to hold is an opportunity cost scenario as it is a decision to save over spend and that is suffering. It is especially painful when everyone else around is enjoying their hard-earned value and 'living life'. What life are they really living though? Perhaps you should look closer and actually listen to what they have to say.

So few are happy, so few are content with their means and what they have, nearly all want more so they can further remove themselves from the curse of 'work' and instead indulge more heavily in an entertained life.

The unexamined life is not worth living - Socrates

Socrates supposedly said this at his trial and was put to death for corrupting youths. He apparently died true to his life purpose.

The unentertained life is not worth living - Society

How mush are you willing to suffer for that? By the looks of consumerism and the rate at which people seem content to divest their value into the valueless, a lot.

But here is the thing, just like those who managed to hold a little BTC, or Ethereum or any other coin that has been driven upward to the stars, there will likely always be some number of people who do think longer than their pleasure centres allow. It will be these few percent that in time are the most likely to be able to far outstrip the means of vast swaths of people as they didn't take the Xbox now and instead were content playing that well worn monopoly set with the family.

These are interesting times but if people did a little more examining and a little less entertaining of the mind, most would find that they have possibilities and actions they can take now to make their lies immediately better but, they will have to manage their FOMO as there is always another advertiser, government, conglomerate and news service trying to grab your attention and train you to release just a little more of your value. Sounds like a conspiracy to keep the majority under control doesn't it?

Can you Hodl?

Taraz
[ a Steemit original ]