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Seems like the entire capitalization of crypto is around $1 trillion. The total value of housing in the USA is a bit over $40 trillion. So that should give yo

by howlin 4y ago

Seems like the entire capitalization of crypto is around $1 trillion. The total value of housing in the USA is a bit over $40 trillion. So that should give you some sense of scale of the crypto market versus other markets that pose systematic risks.

nostrademons 4y ago
Note that the dot-com bubble lost about $1.7T [edited from B] in market cap, off a total of roughly $3T for the sector: https://money.cnn.com/2000/11/09/technology/overview/ https://money.cnn.com/2000/11/09/technology/overview/ In the grand scheme of things crypto is still relatively small, another dot-com bubble or not even that. It's going to be a sideshow for the bloodbath that happens in the public equity and corporate debt markets (and eventually, the housing market), which is just getting started.
- anonymoushn 4y ago
  $1.7T isn't it
  - nostrademons 4y ago
    Fixed, thanks.
- nybble41 4y ago
  > Note that the dot-com bubble lost about $1.7T … … in 2000. That would be $2.85T today, going by the official CPI inflation calculator.[0] [0] https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1.7&year1=200011&year2=202205 https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1.7&year1=2000...
- thedufer 4y ago
  But the 1T number is mid-crash - I think the pre-crash figure I've seen was around 3T. Adjusted for inflation, crypto is still a bit short of the dot-com crash, but not by a lot, and it doesn't seem like it's over.
  - gbronner 4y ago
    The peak number was not monetizable unlike the door com crash. Dutch and Razzlekhan had five billion dollars worth of crypto, but had trouble buying 500$ Walmart gift cards. The wealth effect really never took hold- there was no market depth and the holders didn't act as if their wealth was real, so they won't change their behavior when it evaporates
- themgt 4y ago
  At peak ~7 months ago crypto's market cap was ~$2.8 trillion. Now down nearly $2 trillion. Tether's $70B market cap is currently over 50% of ETH's and nearly 20% of BTC's. The whole thing looks like an incredible shitshow. https://coinmarketcap.com/charts/ https://coinmarketcap.com/charts/
slongfield 4y ago
The housing market is somewhat different than the crypto market in that people need a place to live.

by howlin 4y ago

nostrademons 4y ago

Note that the dot-com bubble lost about $1.7T [edited from B] in market cap, off a total of roughly $3T for the sector: https://money.cnn.com/2000/11/09/technology/overview/ https://money.cnn.com/2000/11/09/technology/overview/ In the grand scheme of things crypto is still relatively small, another dot-com bubble or not even that. It's going to be a sideshow for the bloodbath that happens in the public equity and corporate debt markets (and eventually, the housing market), which is just getting started.

anonymoushn 4y ago
$1.7T isn't it
- nostrademons 4y ago
  Fixed, thanks.
nybble41 4y ago
> Note that the dot-com bubble lost about $1.7T … … in 2000. That would be $2.85T today, going by the official CPI inflation calculator.[0] [0] https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1.7&year1=200011&year2=202205 https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1.7&year1=2000...
thedufer 4y ago
But the 1T number is mid-crash - I think the pre-crash figure I've seen was around 3T. Adjusted for inflation, crypto is still a bit short of the dot-com crash, but not by a lot, and it doesn't seem like it's over.
- gbronner 4y ago
  The peak number was not monetizable unlike the door com crash. Dutch and Razzlekhan had five billion dollars worth of crypto, but had trouble buying 500$ Walmart gift cards. The wealth effect really never took hold- there was no market depth and the holders didn't act as if their wealth was real, so they won't change their behavior when it evaporates
themgt 4y ago
At peak ~7 months ago crypto's market cap was ~$2.8 trillion. Now down nearly $2 trillion. Tether's $70B market cap is currently over 50% of ETH's and nearly 20% of BTC's. The whole thing looks like an incredible shitshow. https://coinmarketcap.com/charts/ https://coinmarketcap.com/charts/

slongfield 4y ago

The housing market is somewhat different than the crypto market in that people need a place to live.