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Arguably, we've already seen multiple catastrophic crashes in cryptocurrencies.
by mailbag 5y ago
Arguably, we've already seen multiple catastrophic crashes in cryptocurrencies.
- WhisperingShiba 5y agoBrother, you simply don't understand. A 50% swing in a day is just volatility.
- epinephrinios 5y agoAnd the market rebounded without a government bailout.
- seoaeu 5y agoWhich is pretty clear evidence that those crashes weren't "catastrophic". That doesn't provide any proof that a future crash won't be substantially worse
- epinephrinios 5y agoSimilar crashes in the TradFi space would be considered worse than "catastrophic". Media would struggle to find words to describe them.
- TrackerFF 5y ago...and that's the dilemma. Did the market rebound because there's a organic growth of buyers, or did printing tethers out of thin air help this?
- epinephrinios 5y agoTether maybe used to be a huge risk for the Bitcoin price a few years back. Notice that we are only talking about the $ price here and not the tech. The market is way more robust now, especially now that Ethereum is so huge and provides way cleaner alternatives like DAI and USDC.