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Human Psychology Is A Key Function Behind Bitcoin Bull & Bear Cycles, Says Decred Co-founder
Summary: According to Cointelegraph, Jake Yocom-Piatt, Decred co-founder said in an interview that the generic human psychology like attention curve is a key function behind Bitcoin's bull & bear market cycles, in addition to the reduced total supply of Bitcoin. Yocom-Piatt explained that when demand begins to exceed supply and promotes the bull market, myopic or short-sighted ...
According to Cointelegraph, Jake Yocom-Piatt, Decred co-founder said in an interview that the generic human psychology like attention curve is a key function behind Bitcoin's bull & bear market cycles, in addition to the reduced total supply of Bitcoin.
Yocom-Piatt explained that when demand begins to exceed supply and promotes the bull market, myopic or short-sighted investors are attracted in. After a period of time, these short-sighted investors gradually are afraid to lose and weaken their attention, then the market turns into a bear one. After several bull and bear circles, people’s overall awareness of Bitcoin has gradually increased, thus accumulating the power for the next bull market.
By Mary Liu
Tags: bear market,Bitcoin,Bull Market,Decred,Jake Yocom-Piatt,Yocom-Piatt
Link: Human Psychology Is A Key Function Behind Bitcoin Bull & Bear Cycles, Says Decred Co-founder [Copy]
