The concepts and terminologies used in the crypto space can sometimes be overwhelming and prove a little too abstruse even for seasoned investors. In a recent Twitter thread, one such concept was the midcurve meme, confusing people; it refers to a state of understanding a person might have about cryptocurrencies, in that they know enough to be dangerous but less than relevant. Such superficial knowledge is dangerous because of misguided decisions and overconfidence, which may lead to severe financial stress.
The midcurve meme and the intricacies of the crypto space demand an overall mixture of learning and keeping up with credible sources. Tap into educational websites as commitment to build a solid knowledge of the fundamentals in both basic and advanced crypto.
One can receive real-time, multidimensional input from the crypto community through social media. Following some good influencers, forums, and debates exposes you to the varied levels of understanding that firm up and shape your own views. Independent study through online courses and webinars can bring a much-needed formal approach and expert sparkle to power through this complex world of the crypto market.
Aggregating this resource will allow an individual to transcend from this midcurve meme and be able to piece a richer, more sophisticated concoction about the crypto space.
What Is Mid Curve Meme?
A seat-take It humorously represents the different levels of intelligence and their respective takes on various issues. Three different characters are seated along the graph that is supposed to feature the IQ bell curve: on the left, a Brainlet, in the middle as the midwit or midcurve, a crying Zoomer, and to the far right, Wojak donning Obi Wan Kenobi’s cape.
This format shows how people of various intelligence levels can approach the same topic, with the left and right sides or ends of the curve often coming to some simple agreement, but the midcurve character needlessly complicates the issue.
The Origins and Evolution of the Midcurve Meme
The midcurve meme dates back to 2018, and since then, it has been applied to a wide variety of other subjects and debates. In most instances, the Brainlet and Wojak agree on some simple ideas for different reasons, after which the midcurve character responds with overly complicated arguments. This very juxtaposition is what lent this meme its resilience and broad applicability across contexts.
Midcurving in Crypto: Resurgence in 2023
The meme regained its momentum in the crypto space early in 2023. It was during this time that despite increasing markets, the general sentiment remained fearful. The word “midcurve” resonated with participants of the market—skeptical and overanalysis paralyzed them, missing juicy opportunities. It stuck, and people who were skeptical found so many reasons to be on the sidelines while others capitalized on the uptrending markets.
As the year went on and the market rally found legs, it would become a staple on Crypto Twitter. Applied, of course, in jest to those who were “midcurving” the rally—still in denial about the pump after the traumatic events of the last crypto winter. This very much served to illustrate how midcurve thinking could be so clearly turned into missed opportunities in a fast-moving market.
Mid Curve of Solana Meme Coins
Another notable use of the midcurve meme was for the rise of Solana memecoins. These coins, with no utility behind them, saw a massive surge in interest and extraordinary gains in an incredibly short period. Many came quick to judge, despising the hype due to a lack of fundamentals laid by the memecoins. On the other hand, the midcurve meme captured that it was the left and right curves who had decided to jump on the memecoin bandwagon for varied reasons, as the midcurves refused to partake.
Knowing that memecoins went through the roof in the recent past, the midcurve participants were correct in pointing out a lack of fundamentals. Chances are, both the left and right curve participants made profits, once again showing the sometimes irrational nature of markets—at least when they’re in hump mode.
The Midcurve Meme and Market Sentiment
Now, as retail mania seems to loom just around the corner, it is humorously suggested by the proponents of the midcurve meme that lowering one’s IQ might ensure a maximal financial return in a crypto bull market. The idea is that, compared to overthinking and overanalyzing, it is much easier to be “dumb” and just follow basic strategies. Of course, this idea—although presented in jest—reflects the often counterintuitive behavior of financial markets, in which simplicity sometimes outperforms complexity.
The Bigger Implications of the Midcurve Meme
The midcurve meme is not just a troll on individual behavior; it is more—a social commentary on market dynamics and human psychology. It serves as an influential depiction of how varied levels of understanding and analysis could prove to lead to very dissimilar outcomes. At the extreme ends, in markets—veering far into speculativity, such as crypto—overcomplicating things can sometimes turn into a liability.
This meme also reminds people of the need to balance analysis with action. Of course, one should do due research and achieve an in-depth understanding; however, most of the time, it is in the simple and straightforward thinking where some worthwhile merit might be captured. As such, with the understanding of the fallacies of midcurve thinking, strive for a balance that incorporates both the simple and complex perspectives.
