3 ms·
> These cycles are continuously producing winners and losers and the losers are generally those who have more to lose and are thus enable to withstand the inten
by shkkmo 5y ago
> These cycles are continuously producing winners and losers and the losers are generally those who have more to lose and are thus enable to withstand the intense pressure of bear markets.
This is the opposite of what I think is true so I'd love to see a citation for this claim.
- DSingularity 5y agoThere is no citation but isn’t it obvious what is happening in this unregulated market? What do you think is happening when the price of Bitcoin is driven down 70% plus every so often? Then what do you think happens as it goes sideways for so long? Maybe I’ve just seen this cycle a few times and this is my cynical take. But I think it just makes sense.