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In the original IT movie, did Pennywise really exist or was it a figment of the protagonists imagination? Reasons that made me believe the latter

1. Only they could see Penywise
2. Only they could see what Pennywise was doing (blood it was creating, voices etc)
3. Their belief that silver would harm Pennywise, actually made the earrings harm it
4. The asthma inhaler was just a placebo. It did not include any medicine inside. But the belief that it was battery acid, actually made the face of Pennywise melt and retreat

So did IT exist or was it a figment of the childrens imagination trying to cope with all the child murders happening during their childhood? I mean, there is no empirical evidence that support ITs existense

EDIT

This is specifically about the 1990 mini-series and not the 2017 sequel/remake.

In the original IT movie, did Pennywise really exist or was it a figment of the protagonists imagination? Reasons that made me believe the latter

1. Only they could see Penywise
2. Only they could see what Pennywise was doing (blood it was creating, voices etc)
3. Their belief that silver would harm Pennywise, actually made the earrings harm it
4. The asthma inhaler was just a placebo. It did not include any medicine inside. But the belief that it was battery acid, actually made the face of Pennywise melt and retreat

So did IT exist or was it a figment of the childrens imagination trying to cope with all the child murders happening during their childhood? I mean, there is no empirical evidence that support ITs existense

EDIT

This is specifically about the 1990 mini-series and not the 2017 sequel/remake.

In the original IT movie, did Pennywise really exist or was it a figment of the protagonists imagination? Reasons that made me believe the latter

1. Only they could see Penywise
2. Only they could see what Pennywise was doing (blood it was creating, voices etc)
3. Their belief that silver would harm Pennywise, actually made the earrings harm it
4. The asthma inhaler was just a placebo. It did not include any medicine inside. But the belief that it was battery acid, actually made the face of Pennywise melt and retreat

So did IT exist or was it a figment of the childrens imagination trying to cope with all the child murders happening during their childhood? I mean, there is no empirical evidence that support ITs existense

EDIT

This is specifically about the 1990 movie and not the 2017 sequel/remake.

In the original IT movie, did Pennywise really exist or was it a figment of the protagonists imagination? Reasons that made me believe the latter

1. Only they could see Penywise
2. Only they could see what Pennywise was doing (blood it was creating, voices etc)
3. Their belief that silver would harm Pennywise, actually made the earrings harm it
4. The asthma inhaler was just a placebo. It did not include any medicine inside. But the belief that it was battery acid, actually made the face of Pennywise melt and retreat

So did IT exist or was it a figment of the childrens imagination trying to cope with all the child murders happening during their childhood? I mean, there is no empirical evidence that support ITs existense

EDIT

This is specifically about the 1990 mini-series and not the 2017 sequel/remake.

In the original IT movie, did Pennywise really exist or was it a figment of the protagonists imagination? Reasons that made me believe the latter

1. Only they could see Penywise 2. Only they could see what Pennywise was doing (blood it was creating, voices etc) 3. Their belief that silver would harm Pennywise, actually made the earrings harm it 4. The asthma inhaler was just a placebo. It did not include any medicine inside. But the belief that it was battery acid, actually made the face of Pennywise melt and retreat

So did IT exist or was it a figment of the childrens imagination trying to cope with all the child murders happening during their childhood? I mean, there is no empirical evidence that support ITs existense

EDIT

This is specifically about the 1990 movie and not the 2017 sequel/remake.

In the original IT movie, did Pennywise really exist or was it a figment of the protagonists imagination? Reasons that made me believe the latter

1. Only they could see Penywise
2. Only they could see what Pennywise was doing (blood it was creating, voices etc) 
3. Their belief that silver would harm Pennywise, actually made the earrings harm it 
4. The asthma inhaler was just a placebo. It did not include any medicine inside. But the belief that it was battery acid, actually made the face of Pennywise melt and retreat

So did IT exist or was it a figment of the childrens imagination trying to cope with all the child murders happening during their childhood? I mean, there is no empirical evidence that support ITs existense

EDIT

This is specifically about the 1990 movie and not the 2017 sequel/remake.