Post
Topic
Board Speculation
Re: The recurring trouble-cycle of bitcoins, and why I'm here.
by
kjj
on 20/08/2012, 00:05:04 UTC

What we have now is that people know something is wrong, in their gut, they are a bit resentful of how much is being stolen directly from them, and they instinctively have the impulse to speculate because their store of "value" buys less and less every year.  

i totally agree with this and it's my supposition that this entire rise off the $2 level has been driven by this market instinct and NOT pirate.  i'm constantly amazed by how ppl around here panic based on such concocted theories and comments from a ponzi schemer and scammer.

In general, people have very predictable preferences.

1 - They are in control.
2 - They aren't in control, but someone is.
3 - No one is in control, shit just happens.

People can obviously see that #1 isn't true for most things, so they go with #2 because they like it better than #3.  This is why insane conspiracy theories are so common and popular.