2minutebitcoin on Nostr: Human psychology is herd-like and has proven to exhibit periods of euphoria and fear. ...
Human psychology is herd-like and has proven to exhibit periods of euphoria and fear.
A new monetary asset that regularly grows in both popularity and usefulness will always be volatile - that's just human nature.
The establishment will fight to suppress it and instill fear, uncertainty and doubt in all participants. Even without intervention, volatility is part of the course as Bitcoin's price goes too high during bull runs.
Gold was similarly volatile during the Weimar hyperinflation:
Published at
2023-05-14 23:02:57Event JSON
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"content": "Human psychology is herd-like and has proven to exhibit periods of euphoria and fear.\n\nA new monetary asset that regularly grows in both popularity and usefulness will always be volatile - that's just human nature.\n\nThe establishment will fight to suppress it and instill fear, uncertainty and doubt in all participants. Even without intervention, volatility is part of the course as Bitcoin's price goes too high during bull runs.\n\nGold was similarly volatile during the Weimar hyperinflation:\nhttps://i.imgur.com/4SskiKI.png",
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