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This kind of doesn't make sense. You don't park "money" "in" crypto. Crypto sits there, with its value set at the last sale price. There's nothing to stop the n
by adammarples 4mo ago
This kind of doesn't make sense. You don't park "money" "in" crypto. Crypto sits there, with its value set at the last sale price. There's nothing to stop the next sale price taking its value to zero without anything happening to real money other than some of it changing hands. It's not like crypto holders can sell $2.5T of crypto and plough it into equities, for a start some other investor will have to buy it from them for $2.5T and then we're in the same position we started in.
- mgh2 4mo agoExplain to me how crashes work then, isn't it when there is an inconsistency on supply vs. demand? It just takes a narrative shift to tumble it - ex: quantum to break crypto security.
- deleted 4mo ago[deleted]
- mgh2 4mo agohttps://news.ycombinator.com/item?id=48375692 https://news.ycombinator.com/item?id=48375692
- adammarples 4mo agoSomeone makes a trade at a lower price. That's all a crash is. It's a crash in price, nothings actually happening to the stock or the token or the money.