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I've seen plenty of people calling this a FOMO craze and that may well be the case, and demand may eventually fizzle out. But I think it's far more likely inves
by oliwarner 9y ago
I've seen plenty of people calling this a FOMO craze and that may well be the case, and demand may eventually fizzle out. But I think it's far more likely investors get spooked.
Compared to market investors, relatively few of the people investing in cryptocurrencies understand the technical underpinnings. All it's going to take is a spate of high value hacks, another central service provider going down (MtGox v2) and thefts, or even an act of terrorism funded by Dogecoin... and you'll see a run. It may not be sustained, but I think this is an important difference from standard investment theory.