It's not so much as people not believing in it as it as people wanting to believe in it. I think for the most part, the people who come in are skeptics looking either to be convinced or profit and sell off. For the former, it may take time to build this symbiosis.
When I see people who have been here a lot longer for instance selling off their stake so rapidly though, I do second guess myself
Depends what they are selling into. Are they out of crypto?
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Some may be divesting to other coins in hindsight