I think the reason for that is simply that the pro side have to justify it as they need to convince someone to change behaviour. I find the reasons given are usually superficial and fairly easy to put holes in, or they come from a specific political perspective which people just can't be shaken from.plasticninja wrote: ↑14 May 2022, 15:58 It's funny with the anti bitcoin guys, they all say it is going to zero, but none of them can say how this will happen.
On the other hand if you ask a pro bitcoin person why it is going to one million dollars they can offer a clear precise view on how and why it will happen.
What I think we as investors need to be wary of is that people selling you the dream are themselves invested, it doesn't necessarily come from a place of objectiveness, and you need to understand their fundamental reasoning, especially if they are saying something you want to hear. This is more true than ever on social media, with its absolute shit show of scammers, liars and paid ads that aren't declared as so.
For me, it's safer to ignore all the promotion and just think about the tech and it's applications within or disrupting the current financial world.
Anti crypto views aren't necessarily objective either but that often comes from months or years of being shilled at by people who are just a bit too over the top about it. It's very easy to dismiss the whole thing as a Ponzi scheme, because basically that's exactly what it looks like if you don't have a vision of how BTC might fit in the financial future.
I'm not sure what I'd characterise myself as, I'm not a huge believer in BTC in all honesty (although I think being cynical about it helps me not get carried away), I think I back the greed and/or stupidity of humanity over financial or economic reality, and I enjoy the tech side of things.
