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This is basically what happened to Bitcoin itself in the early days, isn't it? People hoarding them, then the value crashing as a scare causes people to try and
by eridius 9y ago
This is basically what happened to Bitcoin itself in the early days, isn't it? People hoarding them, then the value crashing as a scare causes people to try and dump their stash.
- simonhughes22 9y agoWhile I agree with that person's comments, I am not sure i'd aggree that is what happened in the first Bitcoin bubble. The main event was that Mt Gox got hacked, and a number of other things happened around that time (for instance the IRS recognized bitcoin as an asset so they could tax it) that culminated in a big crash for the market as confidence was lost all of a sudden, after a big spike in prices.
- eridius 9y agoThere have been multiple crashes though.