"Herd behavior is the behavior of individuals in a group acting collectively without centralized direction".
Cryptos are the future thanks to it´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´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´s users fully believe on it´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! 🚀 🚀