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> the value was propped up by market manipulation The entire crypto market is nothing but[1] market manipulation and speculation. If that goes away your crypto
by p1necone 4y ago
> the value was propped up by market manipulation
The entire crypto market is nothing but[1] market manipulation and speculation. If that goes away your crypto will be virtually worthless.
[1] pre-empting the "but it's used for practical things in countries with crumbling economies instead of the local currency" argument: yes, but that's such a tiny portion of total market cap that it probably doesn't affect the value of your holdings by any meaningful amount.
- tablespoon 4y ago> [1] pre-empting the "but it's used for practical things in countries with crumbling economies instead of the local currency" argument: yes, but that's such a tiny portion of total market cap that it probably doesn't affect the value of your holdings by any meaningful amount. Also good ol' fiat dollars are better than crypto for that use case in pretty much every way.