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Do you consider the fact that some people get really hurt by bubbles?
by DSingularity 5y ago
Do you consider the fact that some people get really hurt by bubbles?
- lucb1e 5y agoBut, like, the reason they lose money is because they invest what they can't stand to lose. If you want to solve that problem, then pass a law that banks should stop transactions to investment platforms if the person has less than an average monthly income's worth of money on their account (to be clear, I'm not in favor of that, just that this would solve the issue you're seeing without the guesswork of timing a bubble). Telling the whole world "btw this bubble might burst" isn't going to protect your citizens better than anyone else, especially not the gambling types that get hurt by these sorts of events.
- DSingularity 5y agoYeah, there is no good solution. But there is something that stinks about all this and ought to be addressed. I believe something like BTC aid incompatible with anything close to a real time market. It should be large block trades only. The supply of this thing is digitally constrained. The owners are unknown. How do we know this think isn’t in a perpetual pump-and-dump cycle? This is what it looks like. Governments should step in. If the only way to buy it is to commit to holding it for a while or to buy it in large blocks then maybe we wouldn’t get the kind of market we have today. One that is hurting lots of people.