"Hopium" in Crypto: When Faith Overcomes Data

The Fictional Drug that Keeps Hope Alive

Have you ever heard someone say “I need a little hopium” after their favorite coin collapsed by 90%? Well, they are not referring to a real substance.

Hopium is a term that combines “hope” (esperanza) and “opium” (opio). Basically, it describes that blind and irrational hope that some investors have in crypto. The textbook definition: clinging to the belief that your dead coin will one day take off to the moon, despite all indicators pointing otherwise.

Where do we see Hopium in Crypto?

In crypto communities, hopium perfectly describes the investor who:

• He bought a token at $5 and now it costs $0.0001, but he is still convinced that “it's just a good project waiting for its moment.”
• Ignore negative news and concrete facts
• Lives in total denial

Hopium vs Copium: What is the Difference?

Easy: Hopium is having unfounded faith in something that is unlikely to happen. Copium is making up reasons why your investment failed to feel better.

One is hope, the other is denial with arguments.

The Tone: Always Mocking

When you see “Give me some hopium so BTC hits 100k 🚀” on Twitter, the community says it with an ironic tone. It’s a way of laughing at themselves and the incurable dreamers of crypto.

The important thing: In crypto, hopium is as real as the gains of a shitcoin. We all experience it, some just admit it.