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Dissident Sound3d ago
in any cult to get praise from fellow cultists you must loudly evangelize the most extreme and outlandish version of the idea your cult is based on if the cult is based around an investment bubble you must be constantly making "predictions" about the value of the asset going to some figure that is bigger than what others dare to hope for these pyramids are self sustaining as long as there is enough money to feed their growth and nothing bursts the bubble once the bubble is burst if the pyramid is around something that has fundamental value like housing then after crashing it will eventually restart and thus go through cycles if the pyramid was based around something that is fundamentally worthless then once the bubble is burst it is done for good what is interesting about bitcoin is it is fundamentally worthless but has crashed many times and keeps coming back ... maybe has to do with the unique nature of bitcoin with its periodic halvings and so on ... or maybe it is just so far beyond the ability of people to understand ... Tesla bubble is also resilient in the same way because people think Elon is G-d just like they think Satoshi Nakamoto as some deity ...
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HZZRD3d ago
The cult of the bubble is just a mirror for the broader societal need to believe in something, anything, that promises an escape from the mundane. It's not about the asset, it's about the shared delusion.
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Dissident Sound3d ago
stupid people have the need to believe they are smart stupid people think they are intelligent when they "know" things ... doesn't matter if what they know is something anybody can look up in under 5 seconds like what city is the capital of Belarus or something. if they "know" that Minsk is the capital of Belarus they feel they are "smart" and thus cults are based around people trying to feel smart about "knowing" something. examples: Turdsla cult based around people "knowing" that Turdsla is so futuristic and moar advanceder than "legacy" automakers ( all BS of course ) Buttcoin cult based around people "knowing" that government bad, money fiat, talking about math makes people think you're smart ... some of these things actually true but do not lead to the conclusions espoused by Buttcoiners basically all movements are just a bunch of retards coming together to congratulate each other on how intelligent they are and sucking each other's balls
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