3 ms·
>Could you share why you think it would impact the price of Bitcoin? With a market cap of 186 billion dollars, and a daily volume of 10 billion I couldn't see h
by rhapsodic 9y ago
>Could you share why you think it would impact the price of Bitcoin? With a market cap of 186 billion dollars, and a daily volume of 10 billion I couldn't see how it'd have that much of an impact.
When hundreds of millions of dollars worth can disappear in the blink of an eye like that, it adds a new element of risk aside from the risk of normal price drops. So it only stands to reason that investors would factor that into the value they place on bitcoin and the price would go down.
Have you ever noticed that currencies issued by corrupt and/or unstable governments tend to be worth little relative to the currencies of stable, well-governed countries?
- buttcoinslol 9y agoThe coins didn't disappear, they just changed hands.
- rhapsodic 9y ago>The coins didn't disappear, they just changed hands. To the crime victim, they just disappeared. Owning bitcoin is a very risky proposition for those who aren't extremely savvy in protecting themselves from thieves.