My question is this, why is it that haters of bitcoin are always happy when the price of bitcoin is down?
Haha. Yeah, it's a more like a mix of psychology, ideology, and sometimes epicaricacy. But more than anything, it's about validating their own (often flawed) beliefs, that Bitcoin is a bubble, a Ponzi scheme, a scam, or whatever negative label they can come up with.
Whenever Bitcoin dips, they're the first to jump in with, "See? I told you" or "Was I wrong?" acting like they've just proven a grand theory. But when Bitcoin surges again, suddenly they go quiet, redirect their attention elsewhere, or pretend nothing happened, probably to avoid the embarrassment. Although, some are so thick-skinned they double down on their nonsense and still push the same tired arguments.
Ironically, I hear this most from people with advanced degrees, masters, even PhDs. It really makes you wonder how such closed-minded thinking exists in people who are supposed to be educated. Then again, formal education and actual intelligence are two very different things.
