Bitcoin is a SECT, not the asset, but the community of fanatical followers

⚠️BE VERY CAREFUL if you identify with the points I am going to describe, YOUR MONEY IS AT RISK⚠️

Cults usually have:

🔸Leader: Bitcoin

🔸Manifesto: Shatoshi Whitepaper

🔸Border: that clearly defines who is inside, who is outside, or you are with me or against me. Those who do not invest in Bitcoin are the enemy

🔸Separation from the outside world: No asset is worthy of reaching the height of Bitcoin, any competitor is a threat and must be attacked. See as an example the rivalry that this group of followers has against gold

Characteristics as a group:

🔸Own vocabulary: a person outside the sect is incapable of understanding (Hodl, Dyor....)

🔸Members demand total adherence to Bitcoin or some other cryptocurrency, trying to ridicule investment in any other type of asset (stocks, dividends, fixed income...)

🔸Confirmation bias: Selectively listening to, interpreting, and remembering information in a way that confirms your existing beliefs or hypotheses

⚠️BE CAREFUL⚠️ because, as in any sect, there are smaller leaders whose function is:

Control the information that reaches your followers, manipulating it at your convenience for your own benefit (content creators, filter your sources of information well)

If you have identified with several of these points, it is very likely that you will end up losing money due to fanaticism.

Negative consequences of sectarian thinking:

🔸Impact on mental and emotional health due to not achieving goals (profits)

🔸Excessive money loss

🔸Social isolation

🔸Family breakup

Bitcoin is another asset in which you can invest or speculate to make a profit, don't forget it