"Herd behavior is the behavior of individuals in a group acting collectively without centralized direction".
Cryptos are the future thanks to it麓s decentralized nature, which empowers individuals over institutions and gives power to everyone over their own assets, without having to rely on third parties.
I am sure all of us agree on the point just mentioned and see the blockchain technology as the biggest revolution incoming.
But, to what extent is the crypto market following a herd behaviour?
Shouldn麓t a decentralized and individual based technology empower individual thinking and action?
How come most markets suffer "FOMO" and "panick selling" when most of it麓s users fully believe on it麓s background power?
Does this behavoiur relate purely on economic reasons? (speculation and daily trading?) or are we just not ready for a completely decentralized and individual-based technology?
I am looking forward to hearing your opinions,
Cheers guys! 馃殌 馃殌
