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Ander comments on Open thread, Oct. 6 - Oct. 12, 2014 - Less Wrong Discussion

6 Post author: MrMind 06 October 2014 08:16AM

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Comment author: Ander 06 October 2014 09:48:43PM 3 points [-]

but humans, particularly bagholders in a bubble, will grasp for any explanation that is not "we were foolish"

Yes. The conspiracy theories are rationalizations that have been invented because reality contradicted their belief system. It is absolutely possible for the price to decline the way it did. It could go much lower. It could even go a lot lower and still recover, and go much higher in the future! It already did exactly that in 2011-2013.