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The biggest risk issue to me is it takes a lot of real cash to flow into crypto mining to sustain current prices. I saw $200m a day across all crypto mentioned
by quickthrower2 6y ago
The biggest risk issue to me is it takes a lot of real cash to flow into crypto mining to sustain current prices. I saw $200m a day across all crypto mentioned and I can believe that! So crazy money to sustain prices, making it susceptible to popping.
And since people buy because it goes up and vice versa, a crash will have a vicious cycle effect. So mathematically speaking a crash is coming the question is when. After the crash another bubble will build up again of course!
Very long term it could be future money (a lot of issues need to be ironed out!) or looked on as a weird thing of the past or maybe it’ll be around forever and bubble up every now and then.