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I do not deny the utility of crypocurrencies there will be winners out of this. But current breed of investors will trigger another bout of golbal meltdown. Ev
by drieddust 9y ago
I do not deny the utility of crypocurrencies there will be winners out of this. But current breed of investors will trigger another bout of golbal meltdown.
Even Amazon lost its value during the crash so chances are that most investors sold out everything in panic. Only those who had nerves of iron actually came out alive.
- matthewbauer 9y agoI don't think there's enough money in cryptocurrencies to trigger a global meltdown. It will no doubt have an effect of the economy, but it's still fringe enough that a crash in the near future would be mostly harmless.
- drieddust 9y agoAt the moment it's not but of this mania continued for some more time it will snowball as more and more folks get in just because they don't want to miss out. I hope you are right and crash comes early on.