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I find it really funny that even though the author of the original article from 2015 turned out to be fundamentally right about price movement, a lot of people
by CompelTechnic 9y ago
I find it really funny that even though the author of the original article from 2015 turned out to be fundamentally right about price movement, a lot of people here are nitpicking the reasoning to death.
One factor that has contributed to crypto's explosive growth that does not get mentioned as much as I think it should is how controversial it is. I can't remember if it was PG or Mark Cuban or some other VC-related person, but I remember a quote that says (roughly)-
If a new company is based on an idea I like, I want to buy. If it is based on an idea that makes me bored, I don't. But if it is based on an idea that I hate and can't stop thinking about how much I hate it, I want to buy.
Looking back, the "memetic contagion" of people debating the merits of bitcoin has only helped it. The fact that a lot of people hated it (and continue to hate it) and can't stop talking about it has only added fuel to the fire.
- neaden 9y agoFriday is groundhog day. Phil might be right about his weather forecast, but it won't make me give any more credence to groundhog based weather prediction.