Clinamenic
Binary & Tweed
IE such a person is less positioned to ascertain whether the technology itself can find real world applications (IE not just derivative applications which take blockchain for granted), enough to sustain the growth of the crypto market in general, or a given asset in particular.As opposed to someone who does no research, to whom all of this amounts to little more than magic internet money.
Of course, whether or not we'll see enough of these value-supporting applications is still a matter of belief, with a gradual trickle in of precedent. But this belief is informed by one's understanding of the technology, and most people investing in crypto don't care enough about the technology to actually understand it, hence they they are ultimately more beholden to hype and panic - which isn't to say I go unaffected by these things.