Why are people so cult-like in certain cryptocurrency communities?

Hello! I would like to ask about people getting a cult-like outlook on crypto and ways to combat it. It’s much less prominent in BTC space compared to other cryptos and crypto platforms but it is still prevalent enough that I can’t but notice that. I frequent crypto subs and lurk there extensively and I started noticing this tribalism and cultism from people on those subs. I personally blame lack of financial education. Some people don’t understand that cryptocurrency as any other currency is a tool, it needs to be used in accordance with its purpose, not held simply because you are a part of a cult that worships a certain crypto.

I feel like more channels of information should be available and more people should be exposed to them in order to combat this cult-like mind set. There’s plenty of resources with good information on them that is written in cohesive and approachable language. I guess people just “jump on the bandwagon” a lot and maybe part of this whole thing I’m noticing is just spoken for memes only but I’m sure some of those people truly believe that by selling some of their assets and reinvesting them into another assets they become traitors and need to hodl all their bank account’s worth of money in one little shitcoin that will surely one day moonshot and make them rich.

I personally learned to not put all my eggs in one basket from my own experience and this philosophy of diversifying your options is applied to almost everything in life. You always need a plan B and maybe C through Z as well if possible. Again, there’s so many sources of information. Investopedia, CoinDesk, financial news websites like CNBC and even discord groups where people can discuss and share info. For example, a friend recently gave me a link to a discord group that also has a twitch channel and they are a great source of info regarding crypto. I think it’s generally a great thing that communities spring up dedicated to such things, maybe in some years people will stop making a cult out of crypto and others will stop looking at crypto investors like at complete loons.

P.S. That discord server I talked about, I think it’s a great place, check it out: https://discord.com/invite/novatrading.

submitted by /u/singleStaff34 to r/btc
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Quelle: bitcoin-en