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I'm not sure the crash proves that "crypto people" have faith in the dollar. That assumes that "crypto people" selling caused the crash, and not the general pub
by pattrn 9y ago
I'm not sure the crash proves that "crypto people" have faith in the dollar. That assumes that "crypto people" selling caused the crash, and not the general public or larger investment firms. Without knowing how you define a "crypto person," I'll go out on a limb and say that I might be one of them. I've held crypto for a long time (years), and have only sold a small amount (my initial investment).
The fluctuation against the USD means little to me. For obvious reasons, the exchange rate means something to me, since I can't buy very many goods with Ethereum. I'm also not relying on crypto as a source of income, so the exchange rate doesn't matter much to me. I don't see crypto as a get rich quick scheme -- it's a fascinating technology with the potential to change the world. I want to be a part of that (just not too much of a part of it :D).