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Re:Binance banned from doing business in UK by arp242 on Sunday June 27, 2021 @11:36PM (#27657855)
This is kind of the emotional mechanism behind a lot of crypto investment. It's not intentional, and it's kind of sneaky, but with the strong fluctuations and chance of "hitting it big" there's always the "what if..." feeling. As someone who doesn't care much for crypto (in its current form anyway) and was never involved in it at all, even I have this to some degree as I was aware of it very early on (when it was still interesting, instead of what it's become now).

This is probably a big reason why there are so many "amateur" investors compared to more traditional investments/trading.

Re:Binance banned from doing business in UK by judge2020 on Monday June 28, 2021 @01:11AM (#27658327)
This is probably a big reason for why many cryptocurrencies have a high value as well. Nobody actually uses these things to trade for goods and services (well, maybe for drugs), everyone just expects the USD price to maintain or go up and values it based off of what they think they can get in USD in 5, 10 or maybe even 100 years.