Is Bitcoin kind of a victim of its own success in this regard? Because it was one of the highest performing assets of this century, people can't see past that to the underlying "why" of the thing...?
It’s is a total cognitive dissonance and confirmation bias.
Cognitive dissonance because bitcoin has been the best performing asset yet the institutions from which these people seek truth continue to disparage it. So either bitcoin is long con scam or their entire worldview and institutions that gatekeep are predatory scams designed to confuse and impoverish them (or at least to never let their “wealth” actually make them free).
And most people, as to avoid existential crisis, choose the former and then it’s confirmation bias all the way down. “Volatility” because an objective bad by axiom irrespective of long term trend within which is volatility is happening and every downward dip in Bitcoin’s price is taken as a signal that Bitcoin has failed and is going to zero.
People are incomprehensibly rekt.
#Plebchain
Cognitive dissonance because bitcoin has been the best performing asset yet the institutions from which these people seek truth continue to disparage it. So either bitcoin is long con scam or their entire worldview and institutions that gatekeep are predatory scams designed to confuse and impoverish them (or at least to never let their “wealth” actually make them free).
And most people, as to avoid existential crisis, choose the former and then it’s confirmation bias all the way down. “Volatility” because an objective bad by axiom irrespective of long term trend within which is volatility is happening and every downward dip in Bitcoin’s price is taken as a signal that Bitcoin has failed and is going to zero.
People are incomprehensibly rekt.
#Plebchain
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