4 ms·
I think one aspect of that newness is how much more intensely international and 24/7 the crypto game is. That makes it both more vast and more terrifying. I d
by mancerayder 9y ago
I think one aspect of that newness is how much more intensely international and 24/7 the crypto game is. That makes it both more vast and more terrifying. I don't have numbers to back up my claim; I just know that the cryptos have immense capital invested/speculated into it from all corners of the world (but seemingly mostly the U.S. and Asia?), it runs on a 24/7 operation and the exchanges are pretty internationally dispersed. How does this compare to the NYSE, in terms of trading hours (09:30-16:00 ET), listed securities and overall accessibility? How much more capital can be pumped (and/or coins dumped) given time spans, lack of 'circuit breakers', and so forth?
There's something about that aspect that I am sure is making this phenomenon potentially wilder than the Dot Com crash of 2001.