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RE: [Steem Study] Yes, More Flows Out Than In
Personally, I'm coming to think that because of the overlapping emergent processes involved in this particular type of market, there are no people who are "most knowledgeable."
There are people who are really good at lying about it, but no one who actually has actionable knowledge. Rules of thumb, approximations, some ideas, cultist tendencies, systems that won't work – everything you find in a population of gamblers.
But not predictive knowledge.
Would it make a difference to you if the state of affairs was accurately reflected by what I just said? Would you choose to act in a different manner?
I agree, 100%
Humans like to follow and I don't think people even have to be good liars, all they have to do is sound confident in their viewpoint and you'll see a lot of followers latch on.
I simply try to process as much data as my little brain can handle, weed out as much fact from opinion as I can and try to make the best wild ass guess I can.
Unfortunately, true.
Of course, you can always play the double-blind game where you publicly claim not to know anything but keep saying things so that people believe you are either modest or unaware of your own insight and begin following you regardless. That's my favorite methodology!
There's always more information to have. The secret is to know when you have overdosed on information and need to call 911.