Crypto Investor Consciousness
How incentives, market structure and collective behavior shape participation in crypto markets.
Can you separate the mechanism from the crowd?
- 01Assets, liquidity and market cycles
- 02Conviction, narrative and crowd behavior
- 03Ownership, leverage and counterparty exposure
The M3 collection
Explore the published work on the matrix’s English YouTube channel.
Open English channelKey concepts
All 17 entriesBitcoin
Bitcoin is a digital asset and payment network whose participants verify transactions against shared protocol rules without a central issuer.
Stablecoin
A stablecoin is a crypto asset designed to track a reference value, commonly a currency such as the US dollar.
Liquidity
Market liquidity is the ability to buy or sell an asset promptly, in meaningful size, without causing a large change in its price.
FOMO
FOMO means fear of missing out: the anxiety that others are gaining an experience or opportunity that you are losing by not participating.
Leverage
Leverage uses borrowing or financial instruments to create exposure larger than the capital committed, magnifying gains and losses relative to that capital.