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Why investing in Bitcoin is meaningless (themadscientistlab.com)
5 points by sankalpdomore 9 months ago | hide | past | web | favorite | 1 comment



"Most people I know who invested in bitcoin/cryptocurrencies don’t care about the implications (+positive or -negative) blockchain or cryptocurrencies will bring. All they care about is how much money they can make in the shortest way/time possible. Plus you’ll notice people who have invested in bitcoin/cryptocurrencies will constantly encourage or shame people into buying cryptocurrencies they have bought, because: - That’s how they justify their biased and idiotic decision in investing in bitcoin/cryptocurrencies - That’s how they increase the value of bitcoin/cryptocurrencies. The more people put faith and invest in something, the more it’s worth goes up. It’s also about comforting themselves when the bubble burst and it’s not just them who took a hit or went bankrupt, it’s their friends and family as well. That’s psychologically comforting."




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