The world is full of people who want to control other people's money.https://twitter.com/cryptoAcorns/status/1157100934327148550 …
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In my eyes, even those people have realized they pushed too far and they need this immutable ledger to bail em out
There's still a much larger set of authorities outside that realization, alas.
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Due to that awesome leverage, bitcoin’s price action in the face of that set of authorities will bring them to it regardless of their current position
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The ones who miss out will become even more hostile. We know about FOMO, but we may have only experienced the start of HFMO (hatred from missing out).
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We might just call it crypto derangement syndrome. Nouriel Roubini is an example. Sadly I expect to see much more where that comes from.
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Good name would be the "Nouriel syndrome"
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They should call him Nouriel Houdini because he disappears during bull markets
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Maybe but it won’t matter as bitcoin’s design of absolute scarcity allows for huge leverage of the positive set to get to the tipping point where other opinions no longer matter
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