is bitcoin resilient? the opinion of a psychologist

in #bitcoin7 years ago (edited)

To answer this question it is necessary to agree on 2 definitions: stress and resilience

  • Stress: when we talk about stress we refer to an adaptation reaction. An organism or system can cope with external change through stress. Every external change generates stress. Whenever stress is generated, an adaptation reaction occurs.
    The origins of the term stress derive from metallurgy. Metals are tested with a test to measure their ability to resist pressure. In the Charpy pendulum test, metal bars are hit by an oscillating bat to find their breaking point.

  • Resilience: The ability of a metal to resist the blows suffered during the Charpy test is called resilience. An organism or a resilient system is therefore able to resist the pressure without breaking.

Starting from these definitions, he asks me: is bitcoin resilient? The answer is obviously yes.

Since the beginning of the bitcoin's life there have been many blows, pressures, suffered. From the statements of the leaders of the main American banks that label it as a bubble or a currency with no intrinsic value, passing from the ban on use on Alibaba, to the hostile decisions of countries such as China and Korea. Bitcoin and the cryptocurrency market are undergoing repeated stress.

Bitcoin and the Altcoin are however still alive and have been for years. Despite these remarkable stresses they never broke. The result that comes out of the pendulum of Charpy is therefore exceptional. This can lead us to state with certainty that Bitcoin is highly resilient.

Psychological resilience is one of the variables most related to success. Hardly an individual can reach the top of society if a difficulty or a pressure breaks it. On the other hand, the most successful people have built their fortune on being able to get up after a difficulty.

Bitcoin and the cryptocurrency market are part of the personality parameters of the indivudal resilient. This fact leads me to think that they have the characteristics to grow again and to face future difficulties.

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Awesome Job My Friend...

Thanks! This is my first post. I would like to analyze different aspects of the cryptocurrency world from a psychological perspective. Stay tuned!

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