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by adameast9000
3120 days ago
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Yes. I may have not been clear, I do think BTC is in a bubble. When my 60 year old parents, who can barely figure out how to use netflix are asking me if they should buy bitcoin, there is a serious problem. Though I do not think it will be as bad as people like OP are predicting. 1000 entities control 40% of the circulation of BTC. They will be much less likely to liquidate in any event. Thus you have some solid stability there I suppose. On a semi related note, I'm curious to know more about the profile of altcoin holders. In the event of a BTC fallout, would these crash as well? Or will we see a rush to those currencies due to the inevitable difficulty in converting BTC->USD/EUR/etc? I have so many questions... |
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