Baffled by the level of blind trust $BTC is attracting considering the original creator or their motivation is still unknown. When it’s all done and dusted, this should be considered as a case study for human psychology about herd behaviour. For now, this might sound silly.
@Trading_sense How fascinating that it looks silly in hindsight and looks ok in reality. The tulip mania is the closest analogy to explain what we see here
@JonErlichman It’s documented that at the height of Tulip Mania, around 1634, a single tulip bulb could cost as much as 10,000 guilders. Adjusted for inflation to today’s prices, this would amount to approximately 2.1 million euros.
So as long as humans are involved, yes this is normal 😊