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Unlike people who invest in the stock market, no one buying cryptocurrencies in under the delusion they'll be bailed out.

• narrator 9y ago
  That there are still so many haters shows that this cryptocurrency thing has a way to go.
• bushido 9y ago
  True. Only if they have zero leverage at play. No borrowed money, no loan to default on. If not then there is most definitely going to be some element of a bailout. Anecdotal: but in the last month I have come across 6-8 people who have taken or know someone who has taken 2nd mortgages, maxed out their lines of credits, and credit cards to "invest" in crypto. I'm generally a-ok with investment loans (not from credit cards), they are a good resource to reduce portfolio risk - if the loan remain tax deductible. But what is currently transpiring is insanity. Someone will definitely get bailed out (hint: it will likely be the banks that's unknowingly provided the leverage).
  • tehlike 9y ago
    The current leverage from mortgages are probably not that big. What i am worried is the combined effect of high housing prices & relaxed loan requirements, and upcoming stock market burst.
• AlexCoventry 9y ago
  It's not actually a delusion, in the case of the stockmarket. That's actually happened a couple of times, now.