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I disagree that everyone would cash out. There have been crashes of bitcoin before. None "to zero" but pretty substantial, and not everyone "cashes out" right
by Klathmon 9y ago
I disagree that everyone would cash out.
There have been crashes of bitcoin before. None "to zero" but pretty substantial, and not everyone "cashes out" right away.
- paulhodge 9y agoSure you're right, some people would stay invested, some people would even re-invest during the price drop (dead cat bounce). But the previous crashes weren't caused by any real news of a significant weakness of Bitcoin, so if there was news like that, then the crash would be worse than we've seen.