You make some valid points. Cryptovester also makes some valid points. The problem is how to weigh these. Our brains are naturally unfit to understand these reasons in the right way. Maybe a bias like the spotlight effect occurs.

Algorithms are far better in understanding and weighing these effect. This is the reason in some markets(which are not too complex), human traders have no edge and can not beat the cost of trading. Since bitconnect is so low right now, I am buying a lot! ;)