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But likewise, a significant decline in the value of crypto is not simply a monetary loss – it is an ideological one.At the same time though, this ideological stance creates an investor group far less likely to sell in the face of any sharp fall. The size of the investor pool who own cryptocurrency because they believe in its long-term future, and the promise of a new money, may determine that fundamental value of crypto.Indeed, if we consider cryptocurrency investors as different groups with different motivations, we can better understand the behaviors we are seeing.
As said here by The Conversation