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BUT there *is* an advantage for those who understand how social stories develop. The actually "cool" people can milk the wannabe "cool" people by selling them the leftover dream. Even though it's usually past its "Good By XXX" date and sometimes even expired.

Another issue is that one can imagine buying 10 dollars of bitcoin at 1 cent and feeling like they missed out. yet the personality required to have done that and held that is NOT who most people are but tantalizingly provides the illusion that it "could've been"

Normally this type of penny-stock buyer mentality is gated from the public imagination because it's wrapped up as ownership percentage in a company so it avoids obviously wrong market cap calculations. e.g. forking dogeCoin as notADogeCoin and sell 1 coin for 1 dollar to friend.

So everything combines into a blinding bias towards the short-term because that flashiness is viscerally felt as "sexiness". People don't want to BE Warren Buffet, they want to have his wealth in a younger more virile body.

Given a choice, the best investment is to invest in "Self". What that means specifically is do whatever it takes to be able to think for yourself with courage. The erect dick may be brave, but that's just b/c it doesn't actually think all that much.https://twitter.com/a_yawning_cat/status/1346861300027068417 …

the only *valid* reason to invest in crypto is a true belief in what it can do for the world because that helps dampen the effects of volatility and social pressure on the ego.

This "belief" is not just short-term virtue signaling "down w/ the system! but also wanna have sex? me potentially rich in future but am also like motorbike vagabond sexy risk-taking wanderer bad-boy anti-hero"

It's more of a willingness to go down with the ship. Much like having a child, adopting a pet, or investing in a startup or kickstarter. You have to be willing to never get the principal back and sink good after bad to fully realize the value.