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LUNA going down is the equivalent of a single stock collapsing, and a fairly minor one at that. OP is right, this is a generalised withdrawal of equity from vol
by simonh 4y ago
LUNA going down is the equivalent of a single stock collapsing, and a fairly minor one at that. OP is right, this is a generalised withdrawal of equity from volatile investments of all kinds. Exactly the same thing happened with the last market crash.
- etataetaet 4y agoWasn't LUNA in the top 10 coins? If so that seems like a big deal. That would be like Coca Cola going to zero.
- xboxnolifes 4y agoOnly if you consider top 10 coins and top 10 stocks to be of equal quality / stability. IMO, only Bitcoin and Ethereum are "blue chip" cryptocurrency. All others are pink chip.