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Crashing implies an event that leads to serious damage. The U.S. housing market crashed in 2007/2008 resulting in people loosing their homes, companies going ba
by dna_polymerase 9y ago
Crashing implies an event that leads to serious damage. The U.S. housing market crashed in 2007/2008 resulting in people loosing their homes, companies going bankrupt, people loosing jobs... If Bitcoin goes down by 50% nothing like that happens. People just loose money, but Bitcoin/crypto is not yet linked to reality. It's all artificial and therefore: Bloomberg, who cares?
- tabeth 9y agoWhat? Bitcoin is linked to reality in that people paid money for them.
- matwood 9y agoI posted the link yesterday (and many other times), but a survey showed most people have spent ~3k on BTC. There is no comparison of a BTC crash and losing 3k to the housing crash and people being on the hook for 100s of k and losing their job.
- dna_polymerase 9y agoPlay money, but your mortgage won't burst because of this.