Someone holds a position worth 200 million in the stock market—you definitely believe it;
but if it’s something the crypto crowd posts, you immediately think it’s been Photoshopped.
You believe that when someone opens a position and swings U.S. stock market volatility—you believe it too;
but when you hear that it was caused by crypto, you think it’s impossible.
Why does this happen in the comments section?
Is it because the market is too complex and the barriers are too low—your cognitive anchor gets thrown off?
And on top of that, there are just too many people in this space who talk big,
so whenever something happens, everyone first falls into the habit of instinctively denying it.
but if it’s something the crypto crowd posts, you immediately think it’s been Photoshopped.
You believe that when someone opens a position and swings U.S. stock market volatility—you believe it too;
but when you hear that it was caused by crypto, you think it’s impossible.
Why does this happen in the comments section?
Is it because the market is too complex and the barriers are too low—your cognitive anchor gets thrown off?
And on top of that, there are just too many people in this space who talk big,
so whenever something happens, everyone first falls into the habit of instinctively denying it.