Why Are We So Attracted To Cryptocurrency? || Exploring A Few Options
I'm into cryptocurrencies. You're into cryptocurrencies. We're all into cryptocurrencies. That's not a neat little nursery rhyme though. Just a stated fact. But WHY are we into cryptocurrencies? Why do we believe so much in our magic internet money that will save the world. That's obviously satirical and overexaggerated, but there is some truth to it. We believe in crypto and the blockchain, even if it's just a little bit.
The explanation of why is not all that clear. This is where a bit of psychology might come in. Some people are just attracted to crypto because of the cultish vibes it gives off. They have a certain need to belong to the lambo crowd, sacrificing FOMO to the big green dildos. These people will follow every next big thing because a good piece of the crowd does so. They are likely to buy high and sell low.
Then there's probably also a lot of people who see cryptocurrency as a real alternative to traditional finance. Not all of them may understand how decentralized finance works, but they know its an opportunity of a lifetime that practices what it preaches. This group may vary from regular people who shift to a more free form of finance, people in developing countries who see an option to combat inflation and corruption, where the middleman reigns supreme. And then also a few who are just plain sick of banks and the disgusting way they sometimes tend to operate.
Some just want to make a quick buck.
This popular meme comes to mind.
And then there's another group. Those that are in it for the decentralized revolution, the full package. They say the potential, not just of cryptocurrency, but of blockchain itself. Sure, there also aiming to make piles of money, but they know that there is more below the surface that will probably change the way the world works, in some way or another.
And so there may be many other reasons why someone is attracted to cryptocurrencies.
What are yours?
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I like the permanence of decentralized blockchain. I don't really care that much about the crypto corridors or what they're worth... it's all just game points to me.
That's the right intention, if you have that luxury of course. The game points will come automatically.