Human Psychology - Value What the Rich Value
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Crypto Bears winning.
One of the most common misconceptions I find with investors is the presumption that majority of people are yet to own crypto so therefore cryptocurrency is a good investment because of such logic. They are the "first" to buy it. So flawed...... Lets say, tomorrow, 95% of the populous participated in the ownership of cryptocurrency... Well that means only 1% of the entire earths wealth is involved in crypto.....Dont they know? 99% of the wealth is owned by 1% of the population... How is this possible? Well think in terms of human psychology. Its not always about how many people value something but who values it....If a celebrity issued a limited addition disc that cant be counterfeited ... It holds more value then a dollar which is something everyone value. GOt it? Its not about how many people own it or are going to own it its about who owns it or is going to own it. . . . . . . . . .
Conclusion - human psychology makes no sense. 
Psychology is the science of behavior and mind, including conscious and unconscious phenomena, as well as feeling and thought. It is an academic discipline of immense scope and diverse interests that, when taken together, seek an understanding of the emergent properties of brains, and all the variety of epiphenomena they manifest. As a social science it aims to understand individuals and groups by establishing general principles and researching
true applies to this case well.
you are right
We would have to have 95% of the people in the crypto economy who also simultaneously refuse to sell for any price. Let the ultra wealthy 1% keep their worthless $ values. We need adoption paired with a complete boycott of the previous economy.
it will only be adopted once the old system is so broken they must move to the new.
Quality over Quantity is definatly a Phrase that holds some value to it, but I am also a fan of the Phrase "why not both?"
Both in time, once utility is a part of a tokens purpose.
Well said, my friend.
99% of the wealth is owned by 1% of the population, well I didn't Knew that thanks for the good post
You're right that's a human behavior, for some reason in science I was once told that man is really a thinking Animal Verb.
And for many it is very difficult to understand this world of the Cripto one can have dollars or yen or rupees but they are physical currencies that are quoted in an internal market of the country that emits them. On the other hand, the Crypto have a worldwide trend, and you can exchange it for any other currency of any country.
human emotions along sometime just flow more heavy
Well that concept and the example made it easier to get , I do really hope some people gets that and value the importance of Crypto.