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>When does this bubble burst? And, what is it going to look like? 100k people in a single day is crazy to me as a layperson, but if this was to be compared to a
by frgtpsswrdlame 9y ago
>When does this bubble burst? And, what is it going to look like? 100k people in a single day is crazy to me as a layperson, but if this was to be compared to a stock run (disregarding dilution) what type of alarm bells should be ringing for those with the most to lose? Or, are we past that point now?
Well we'd need to figure out what would trigger a sell-off and whether that sell-off could be sustained. I've got no clue what would trigger a sell off but for whether a sell-off could be sustained, I'm not sure, there are lots and lots of true believers at this point. I think there could be a really interesting psychological dissection of investors in BTC and other high volatility assets because there's a sort of annealing of their risk attitude where every dip is a buying opportunity, the risk perception of people like that might be completely different from someone like me with no stake in BTC.