Honestly? I used to roll my eyes when people trashed crypto as "worthless."

Made zero sense to me back then.

But now? The "thin air" argument actually clicks.

Here's the thing—BTC sits where it does today because a massive crowd of believers decided it could. That's it. Pure conviction turned into market reality.

Wild when you think about it.

BTC1.04%

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BackrowObserver

· 12h ago

You're right, it's the belief that is valuable; why should we insist on looking for some fundamentals?

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GasOptimizer

· 12-01 03:54

Price discovery driven purely by faith is interesting. But from another perspective, this trap logic applies to any bubble.

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0xSoulless

· 12-01 03:54

In simple terms, it's collective hypnosis. A group of people shouting together makes the price go up. The power of suckers is not small either.

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Fren_Not_Food

· 12-01 03:48

That's right, it's a victory of collective imagination, faith becomes numbers. But then again, what's the essential difference between this and the traps of TradFi?

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AirdropSkeptic