[danuker]

> That doesn't mean that it's trading at that price but just that nobody is selling it for less, or someone is quickly buying the orders that sell for less,

Yes it does. Volume on Kraken BTCUSD has been around 4-5K BTC daily in the past week, yet the price barely budged from $30k. Any trade means a person selling AND another buying. Therefore someone is buying near $30k.

> And most people that hate it, do it because they lost money because of it.

You have a simplistic view. Two of my friends reject it because of energy waste and unfairly high rewards to early adopters, but none of my friends abandoned it because they lost money in it. Another is worried about their inadequate cybersecurity skills in holding it. Admittedly a small sample size (N=3), but I suspect it's representative of the larger world.

> over 90% of people lose money in this market.

If you do the accounting in national-currencies of evaporating value, your holdings keep going up in the long-term. That is the main value proposition that I see in crypto and Bitcoin.

I stay away from the rug pulls and scams that you mention, which are indeed a threat.