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My point tho is that people have a lot money laying around. They don't. The taxi drivers, hairdressers, and hotel doormen that got caught up in crypto are goin
by exhilaration 4y ago
My point tho is that people have a lot money laying around.
They don't. The taxi drivers, hairdressers, and hotel doormen that got caught up in crypto are going to lose a significant chunk of their life savings if these exchanges blow up. There's 2-3 trillion dollars in crypto at this point, how much of that is from unsophisticated retail investors? A quarter? Half? Nobody knows.
- ceejayoz 4y ago> There's 2-3 trillion dollars in crypto at this point... No, there's not. Issuing a trillion CJCOINs and selling one for $1 gives me a trillion dollar market cap, by cryptocurrency valuation standards. There's not actually a trillion dollars invested into the CJCOIN ecosystem.