Anonymous wrote:The whole point of crypto is that it is decentralized, i.e., divorced from conventional financial institutions, including the oversight involved.
So what really is there to “bail out”? No US bank is holding their Tier-1 capital in crypto. And the likes of Microstrategy have no effect on the overall US economy.
Anonymous wrote:I just put in more during the dip.
Cryptwhale wrote:Anonymous wrote:For all you crypto diehards, what are your thoughts about it tanking this week?
Looks like a correction — too much leverage, shaky market sentiment, and some panic selling. Nothing new for crypto; long-term believers like me usually see dips like this as opportunities.
Anonymous wrote:For all you crypto diehards, what are your thoughts about it tanking this week?
Anonymous wrote:Anonymous wrote:Once enough people and institutions are invested in something that it becomes too big to fail, well, then it's too big to fail. Remains to be seen if Bitcoin is Lehman Brothers or Goldman Sachs. I'm betting on the latter.
Like CDOs
Anonymous wrote:Once enough people and institutions are invested in something that it becomes too big to fail, well, then it's too big to fail. Remains to be seen if Bitcoin is Lehman Brothers or Goldman Sachs. I'm betting on the latter.
Anonymous wrote:Once enough people and institutions are invested in something that it becomes too big to fail, well, then it's too big to fail. Remains to be seen if Bitcoin is Lehman Brothers or Goldman Sachs. I'm betting on the latter.
I could not tell you what crypto was if you put a gun to my head, but I have an account in Coinbase and made enough money to give one of my kids $150,000 for the down payment for their house. So anything I earn from here on in is gravy.