[genericacct]

Especially considering market cap is a totally made up number and if everybody tried to get out at once they would get a fraction of a fraction of it. (1) But it's pointless to tell this to a cryptofreak because they're so heavily invested in it they make zealots look reasonable.

(1) not to mention the fact that as soon as there is volatility exchange sites go down, even the bigger ones.

[RurouniK]

Wait until you find out what happens when people try to take out their money all at once from banks... I remember back in the day when people used to call early internet users internetfreaks and zealots. Now it's the same with Bitcoin. Whatever...

[janoc]

Yes, we all remember well what happened e.g. with Mt Gox.

Not sure what your point here is - as if panic and runs on the banks were somehow magically prevented by crypto.

[AngrySkillzz]

And the hilarious part is, we actually have regulations like capital requirements and FDIC insurance and central bank lenders-of-last-resort to prevent bank runs? Whereas crypto has... none of that? And unaudited Tether pumping >$1B into the crypto ecosystem every week

[seibelj]

If everyone tried to get out of any asset at once the price would tank. That’s how markets work.