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But is it plummeting? I'd be the first to cheer, but I only see some of the usual fluctuation that's the closest thing BTC has to stability. Is that's enough t

by usrusr 4y ago

But is it plummeting? I'd be the first to cheer, but I only see some of the usual fluctuation that's the closest thing BTC has to stability. Is that's enough to send them into default, the entire thing has been nothing but a last ditch hail mary pass of the kind that, below state level, is usually countered by bankruptcy laws that are written precisely to keep stuff like that from happening.

viraptor 4y ago
It's plummeting every time :) As much as I don't like the "don't look at this (this week's chart), look at this (last 2 years chart)" meme, it really applies each time there's a crypto crash reported by every news site. Still, we recovered every time. Let's see how the price is going in 3 months.
- Aachen 4y ago
  > we recovered every time You say that as if it's a net positive and the people involved did more than literally nothing
  - viraptor 4y ago
    Pure observation, no judgement about whether that's positive or not.
  - usrusr 4y ago
    Literally nothing? Every time there's a hiccup I see plenty of people frantically engaging in a propaganda effort as if their life savings depended on it.
- rchaud 4y ago
  You 'recover' only if you have the luxury of not needing to sell during the downturn. By that metric, no major stock index has ever gone down except for Japan's Nikkei, which never again reached its 1990 peaks. El Salvador has an $800m bond repayment due in Jan 2023. You can't make repayments in crypto, so some of their securities holdings will need to be sold in order to make payments. You might not feel the market downturn, but they certainly will.