- This topic has 5 replies, 1 voice, and was last updated 2 months, 1 week ago by tohaz.
- Thursday, December 1st, 2022 at 04:00 #414621anonymouscitizen2Participant
Working out a theory that BTC’s rapid price declines (and rises) are actually good for adoption. The rise is obvious, it pulls people in, but the rapid falls also keep a lot of people in because of the sunk cost fallacy and when prices start rising again they’ve usually done a lot more research and have a different (hodler) mentality. Few admit it but most buy before doing much research at all, they just chase green candles. Do you think BTC’s extreme volatility(even the downside) has actually helped increase adoption?
Curious if anyones done any thinking about this. The huge bull markets aren’t really the focus, they obviously fuel adoption. But has the rapid downside played a bigger role than people think?Thursday, December 1st, 2022 at 04:23 #414623Brook030
Crypto markets have been slammed by multiple crises throughout 2022, not to mention funding stresses, thanks to rising interest rates and a broader market downturn that has seen investors move away from riskier assets.Thursday, December 1st, 2022 at 04:28 #414622EAGLETUD
Bitcoin extreme volatility always makes the news. That’s free publicityThursday, December 1st, 2022 at 04:33 #414624lookoutcomrade
It does not. The average person, or at least a decent percentage of them, need to believe they can hold it or use it without getting fucked. Normal drops are fine, this craziness is no bueno.Thursday, December 1st, 2022 at 04:40 #414625MathematicianLess259
Shaking out the dead weight (FRAUD CEXS). Showing higher gains when It does go full bull. Encouraging people to hold their BTC in cold storage. Showing clear lines of support. Giving adopters plenty of opportunity to buy low. Giving those who bought peak time to readjust to the process and do their research then reclaim a better average price point for their hoard. I see it as nothing but a good thing.
Imagine the system wasn’t stress tested like it has been and idiots like SBF had even more time to commit their fraud.Thursday, December 1st, 2022 at 04:51 #414626tohaz
Have a look at bitcoin fear/greed index implementation online, FYI. https://www.lookintobitcoin.com/charts/bitcoin-fear-and-greed-index/
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