3 ms·
I wonder how crypto rolls into all of this. A crypto collapse could have wider impact to the market.
by darth_avocado 4y ago
I wonder how crypto rolls into all of this. A crypto collapse could have wider impact to the market.
- tjr225 4y agoWhy? Most sane people aren’t leveraged into crypto at all. I suspect this is the crypto bubble burst vs the dotcom burst 2.0. But if you were frisky enough to invest in crypto you deserve what is coming, just like a pets.com investor in 2000.
- hailwren 4y agoI really love the irony of your intended lesson vs the fact that you're posting this on HN in 2022.
- pphysch 4y agoMy question is how much real estate is wrapped up cryptobubble schemes. I assume not much.
- __john 4y agoWasn't Saylor encouraging people to take out loans against their home to buy BTC?
- nostrebored 4y agoPeople have taken out loans against their home to buy crypto and loans against their crypto to buy homes. So many people are insanely leveraged.
- zzgo 4y agoConsidering crypto is down 70% since October, do you think we would have felt that impact by now?
- nostrebored 4y agoPeople have used their crypto and stocks to take out variable rate margin loans. These loans have been used to avoid taxation on capital gains. I know multiple people who have used them to buy houses without a mortgage. As crypto and the stock market deflate, they will have to sell assets to cover their collateral difference. This means tax, which means more sales. This is going to continue all the way down. I would expect housing price crashes in local markets that skew towards tech.
- triyambakam 4y agoWhat is collateral difference here?
- mgamache 4y agoCrypto is microscopic vs the larger markets. More of a canary and coal mine.
- SV_BubbleTime 4y agoIsn’t it a little crazy that a not-insignificant portion of the worlds energy is being spent on something financially microscopic?
- steveBK123 4y agoCrypto is nothing compared to the forever profitless VF funded 2010-2020 era companies that are going to be drastically downsizing.
- stjohnswarts 4y agoCrypto is a drop in the bucket and it's down to 1/3 the value it was and it's still done nothing to the economy for the most part. It's a fantasy that crypto bros push that it's a significant force in the economy.