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by maipen 969 days ago
It's been more than 10 years since there was activity. The market would crash but eventualy recover. There's really nothing dramatic about it.
1 comments
monsieurbanana 969 days ago
Even if you were right on both of your points it still would be dramatic. Behind every marker crash there's people's lives changing forever.
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maipen 969 days ago
> Behind every marker crash there's people's lives changing forever.

Absolutely.

My reply was directed towards bitcoin as a technology. The market volatility but more important the constant manipulators and bad actors really have a negative impact in people's lifes.

But most often we see this happening to people that are invested in crypto but not users of it. Because they keep their money on exchanges, they are not taking advantage to the security and self sovereignty that comes with crypto. There is no evidence that bitcoin will die or wouldn't recover from market dumps.

However there's plenty examples of exchanges going under or stealing people's assets forever.

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toenail 969 days ago
Nobody knows how much Satoshi mined. And a rational actor would not "dump" coins on the market for giggles, but for profit, hence avoid a market crash. Besides, bitcoin currently has a trading volume of around 10 billion per day, hard to crash that.
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