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Not that I'd wish monetary loss on anyone, but if the first Bitcoin crash is any indication, these things tend to have a positive side-benefit of driving out mo
by napoleoncomplex 13y ago
Not that I'd wish monetary loss on anyone, but if the first Bitcoin crash is any indication, these things tend to have a positive side-benefit of driving out most of the speculators flooding in after all the news reports that fuel these cycles, and the people actually interested in the currency itself stay behind, with an influx of new folk.
After all the noise dies down, new businesses and services get built backed by the wider audience, and the ecosystem develops further.
It's not yet clear if this is a crash similar to the previous one, but if it comes, I don't think much will change in terms of Bitcoin's future for the next few years.
- alexanderh 13y agoI completely agree that this has been the pattern so far. These are great stress-tests for everyone developing software around bitcoin if you ask me.
- sneak 13y agoIf you wouldn't wish monetary loss on people investo-speculating near-randomly in a very small market for an emerging decentralized cryptocommodity, who WOULD you wish it on? What is this, "too small to fail"?!