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> is almost universally hated by the whole population

Haters do not move the market at all, unless they are willing to short the coins. Only the participants, whatever their intentions are, move the market.

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Social approbation is missing from your calculation, and is very powerful. When you don’t get invited to social events anymore because of crypto, that is the haters moving the market.

Eventually to sustain the value, crypto has move past hype and be actually used for something. If regular people won't use it to buy coffee or store money, eventually the trading bots shuffling billions of imaginary tokens around won't cut it.

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