Hahahahaha
I agree with a lot of what you were saying jaysabi, and I was about to send you a merit for outlining the situation like that, until you started beating up upon so called "bitcoin maximalists."
I don't know that I'm "beating up on them" unless identifying their motivation to believe what they believe is
beating up on them. If you disagree, say why. I note that you only seemed to disagree but didn't say what in my assessment made it wrong in your opinion. I'll hear it out.
I already said what I was going to say.. it was my response, and I believe that I backed it up or explained myself sufficiently. You do not need to agree (and of course, it appears that you do not).
I'm just trying to square what the maximalists say vs. what their actions would show if they were true believers. Because if you were convinced that bitcoin was going to make you rich, like guaranteed rich, and it was only a matter of time, you would want to be buying as much as you can at as low of a price as you can.
Not necessarily. The future is based on a series of probabilities, and also individuals have cashflow concerns as well. Sure some people might be able to lump sum invest, but others are better able to manage their investments by figuring out their individual circumstances and then dollar cost averaging and attempting to reach their investment target with the passage of time - and hopefully as their wealth (or net worth) increases.
That would require NOT spreading the gospel to keep the price as low as possible for as long as possible.
Maybe, maybe not. People have all kinds of ways of communicating their own strategies and their beliefs.
But that's not what they're doing, so then I try to figure out why they're evangelizing if it's against their own economic interests if they're such true believers, and the conclusion I've reached is the one I already stated.
Your further explanation sounds more crazy than your earlier post. i was all with you on the overall theory until you got into specifics. Perhaps I find that you are trying to lump too many people into some kind of similar category.
It's not about being right, it's about convincing others they're right because that's the only thing that sustains or increases the price. I see the same behavior and motivations with short sellers. Being "right" about their bet isn't the point, what causes price movements is other people agreeing they're right. That does not mean to say that I think bitcoin holders are in a desperate situation, as you characterized my point, so let me dispel that notion. I'm only making a comment on motivation and likening it what I see in other (non-bitcoin) markets, because no matter the medium (bitcoin, stocks, etc.), economic motivation dictates actions.
There is some truth in what you are saying, but still seems like you are trying to take one angle too far when price is affected by a multitude of factors, including some of the ones that you are pointing out. I don't feel that I need to say anything more than what I have already said on this particular topic... at least not at this point.