Mass Hysteria example: The CoronaVirusNot sure what chart to use to post this but I think gold is a good one, no element has caused so much emotional reactions in humans so it's quite fitting.
Fearmongerers (I wonder how many are just looking for attention) are using the emergence of this virus for making doomday predictions & getting likes from "the crowd".
Paranoia spreads on social networks. We are supposed to have access to more information with the internet but all I see going up is mass hysterias, ponzi schemes, misinformation... Althought it also seems alot of people think critically and are able to seek out and learn the truth thing they were not able to do in the past when they smelled something fishy.
What is it really?
Coronaviruses are viruses that cause common colds type of diseases in mammals and birds. In humans, most forms are light, but a few can be lethal: SARS (Severe Acute Respiratory Syndrome or SARS-CoV), MERS or MERS-CoV (Middle East Respiratory Syndrome), and the latest one named nCoV (for now, the n is for novel I think).
SARS appeared in late 2002 and no case have been reported since 2004. Most of it happened in china & hkg. Some chinese ate some bats or something and the virus mutated in the human host.
So first of all it is not new, maybe a new mutation. This time it would seem that a chinese ate a snake.
With SARS 8000 people got infected and close to 800 died so the death rate was almost 10%, with the new one the rate is probably 4-5% but it spreads more easilly.
It's not nearly as big as ebola and aids. But the herd is treating it as a new zombie apocalypse.
And as always... racism. Since the chinese bring those virusses to humans because they eat bats dogs snaked bugs etc, people are pointing it out. And news are complaining about it. But I mean... it's not like the little ice age violent scapegoating (in particular witches aka single ladies getting burned alive and also jew mass murders). And they ARE transmitting those viruses to humans because they eat "other" animals.
This is alot of what trading is: while the monkeys get all excited and believe in nonsense and/or overexagerate reality, the smart speculator keeps a cool head and makes money from it.
This phenomenon (mass hysterias/euphorias) has always existed and was recognized for millenia.
In 1841 the book "Extraordinary Popular Delusions and the Madness of Crowds" was published, and it has remained a reference.
Back in the 1920s it is said a famous financeer, Bernard Baruch, required anyone that was going to work for him to have read it, he sold all of his stock before the 1929 market crash and claimed lessons from this book made him do it.
Imma just copy this from wikipedia:
Same story over and over. We can just look at how this story develops and learn more about this phenomenon.
There's some phases but does it always have to work the same way?
1 People learn about it and don't really care
2 Fearmongerers or shills spread their nonsense around
3 Sheep start noticing other sheep also talking about it and be afraid or excited so as they want to fit in they start caring
4 The herd goes full hysteria/euphoria and no this does not mean it's instantly over as it can last a while
5 It flops and the dumb money (or we can just call them complete braindead morons) is in denial
6 Two possibilities: Over a very long period it fades, OR the herd gets bored and looks for something else (hysteria crashes very fast)
This is how I would describe it, for my first attempt.
Here are the subjects the book I mentionned studies:
Fascinating.
Here are the first few lines from the book:
I am eager to see mass panic over this new virus mutation with at least 0.00000000000001% odds of catching it and dying and spectate how crazy the sheeple becomes and how many lies spread and most of all how idiotic and grandiose they are :D
A last word:
I.
LOVE.
BITCONNNEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEECT!!!!!!!!!!!!!!
;)
