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The way I think about it is by dividing folks into populations to make sense of the surge: - There are the people who get it. They get the technology and the i
by Jugurtha 9y ago
The way I think about it is by dividing folks into populations to make sense of the surge:
- There are the people who get it. They get the technology and the implications of this. They've been wanting something like this (not specifically this and not a clear idea maybe) for a long, long time and sort of know what to do with it.. The idea has had time to mature and they were mentally ready. They may have problems deciding on which flavor or "crypto currency company" to bet, but they're 100% backing the concept.
- There are the astrologers/traders who have no grasp of the concept but have no trouble explaining it in expert interviews on CNBC/Bloomberg/CNN Money. Traders are expert at trading: selfie sticks or the greatest "money thing" since Fibonacci's injection of Hindu-Arabic numerals into Roman banking, it's the same different thing. More crudely: if there were a market for excrement, they'd sell the shit out of it. [there actually is]
- Then there's the rest of us. A sucker is born every day. We see all these tulip bulbs and want in on the action.. Oh my, I remember when it was less than $250, if only I had bought then. What? I remember when it was like $40, imagine if I had bought then.. I didn't buy at $300 because it seemed excessive and no profit was to be made, but now, I see it's $4000! So if it went from 300 to 4000, surely it can go up [this reasoning here].. And bam...
So I think these are some of the populations driving the surge.