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No, there has never been a "fad" that had a 100 billion dollar market cap.
by drcode 7y ago
No, there has never been a "fad" that had a 100 billion dollar market cap.
- qubex 7y agoYeah... but... nah... it being the biggest fad in history does not mean it’s not a fad. If even 5% of bitcoin held were placed on the market simultaneously the whole thing would implode like a coke can filled with a vacuum. It’s totally illiquid and any attempt to cash out by a significant proportion of holders would herald instant disaster. That’s why it’s so volatile. Research shows the 2017 peak and crash were due transactions by a single ‘whale’.
- SketchySeaBeast 7y agoI wonder what the total worth of tulips during tulip mania were worth.