Would you say bitcoins market movements are caused by “the physics of human emotion”?
So it is an off the wall thought. People become interested in bitcoin so they buy it, then they get scared and sell. Then they FOMO back in when the price goes back up if they haven’t given up. Then they stop selling on start only buying. Then they get excited when it dips and buy more. Then they reach a point of euphoria and sell some when they make a ton of wealth. Then they buy get nervous and come up with a strategy to not sell their bitcoin but take out small loan compared to their bitcoin stack to spend and then they never sell their bitcoin again unless absolutely necessary.
My idea is that bitcoin cases human emotion and then human emotion makes the person react. Almost like physics. I’m stoned.
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from Bitcoin - The Currency of the Internet https://ift.tt/jthg1fn
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