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RE: Market Shaming as Stakeholders Sell (and the Inverse Perspective)

"Really fascinating way of looking at it and like the style. I guess the only thing is missed was doesn't holding drive up price by reducing available supply isn't that why people want the majority to be diamond hands (until they sell of course)"


Thanks for the compliment! I think you nailed it right there, @failingforwards, it's a bit of an ouroboros, and that's what proves the so-called virtue is a lie. I'd much rather see radical and sporadic market bounces from speculators than this creepy culty mentality where people get gaslit into hodling their blood diamonds because it brings them an egoic pleasure from doing the so-called "right thing." Only we, as individuals, know what's right for our circumstances.

And this is what makes the market go round and round. It's billions and billions of subjective market decisions that create a consensus of what a price ought to be. If HIVE can get out of its way, it can stop artificially suppressing demand. A lot of the leet activity here is tantamount to an unwelcomed cold shower because it causes people to seek better alternatives.

I am half-convinced that this is an educational problem (people don't know how markets work), and in part, the Dunning–Kruger effect (people overestimate their ability to outsmart the market). The market is wiser than all of us, "it" is proof-of-brain, "it" is the wisdom of the crowd. When we let "it" do "its" thing, HIVEs merit can stand on "its" own two feet.

All we have to do is stop being millennials and get out of the way. Sorry if I generation shamed you. I don't think that all millennials are retarded. I just think the ones that attended college are slightly stunted but are 100% capable of rehabilitation. P.S., that wasn't meant to imply that you are a millennial, some of my best friends are millennials, but fortunately for them, they didn't attend college.

If you're not in the U.S., most of this millennial talk may not apply. As I said, the problem may be a geographical one. The various nation-States served as separate testbeds. The conditioning didn't get implemented uniformly or equally. And this got carried out intentionally so they could contrast and compare the datasets.