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If bitcoin keeps dropping 50% every week for the next 5 years, it still won't be zero. And every 50% drop, someone's thinking "Now could I double my money?" I
by dave_sullivan 5y ago
If bitcoin keeps dropping 50% every week for the next 5 years, it still won't be zero. And every 50% drop, someone's thinking "Now could I double my money?"
I dunno, there are feedback mechanisms that could keep this thing alive for a long time. And if not BTC then certainly some crypto based on the concepts.
- hawk_ 5y ago> 50% every week for the next 5 years That's 1/2 pow 52*5! There are not enough atoms in the universe to sustain such a fall.
- KptMarchewa 5y ago>someone's thinking "Now could I double my money?" You could always try to find the bigger fool unless you block the conversion between crypto and real money. Anyway, this kind of schemes always come crashing down. There will be not a lot of people willing to catch a falling knife after some point.
- klodolph 5y agoIf you owned the entire US, some $270 trillion in assets, and your position decreased in value 50% each week, after one year, you’d have just enough left to play one game at the nickel arcade… but not two. At some point you have to round something to zero.