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I do wonder if a catastrophic hit to bitcoin might shake consumer confidence in other parts of the tech or finance industry.
by ben_jones 9y ago
I do wonder if a catastrophic hit to bitcoin might shake consumer confidence in other parts of the tech or finance industry.
- kaffeemitsahne 9y agoIt could reduce confidence of retail investors, according to Deutsche Bank. https://www.bloomberg.com/news/articles/2017-12-07/deutsche-bank-s-slok-names-30-market-risks-for-2018-worrywarts https://www.bloomberg.com/news/articles/2017-12-07/deutsche-... #13 on the list.
- mrb 9y agoBitcoin has already suffered three catastrophic losses in its history. -70%/-80%/-90% in 2011, 2013, 2014. See http://bitcoin.zorinaq.com/price/ http://bitcoin.zorinaq.com/price/ It has always recovered with suprising ease.
- aphextron 9y ago>Bitcoin has already suffered three catastrophic losses in its history. -70%/-80%/-90% in 2011, 2013, 2014. See http://bitcoin.zorinaq.com/price/ http://bitcoin.zorinaq.com/price/ It has always recovered with suprising ease. ...with 10x lower market cap. This is getting out of hand, which is the problem. Complete know-nothings are getting into it now. There are ads on Reddit asking people to invest their IRA in Bitcoin. It's like the whole world has lost its' mind.