but humans, particularly bagholders in a bubble, will grasp for any explanation that is not “we were foolish”
Yes. The conspiracy theories are rationalizations that have been invented because reality contradicted their belief system. It is absolutely possible for the price to decline the way it did. It could go much lower. It could even go a lot lower and still recover, and go much higher in the future! It already did exactly that in 2011-2013.
Yes. The conspiracy theories are rationalizations that have been invented because reality contradicted their belief system. It is absolutely possible for the price to decline the way it did. It could go much lower. It could even go a lot lower and still recover, and go much higher in the future! It already did exactly that in 2011-2013.