Re:The Bear Case for Crypto, Part II: The Great Bank Run
by dahdum on Monday November 27, 2017 @06:44PM
(#15792851)
In this panic, the price of bitcoin drops as Diana dumps her 1k BTC market sell on the book. The USD comes from whomever purchases - there is no liquidity problem.
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Re:The Bear Case for Crypto, Part II: The Great Bank Run
by pjbyrne on Tuesday November 28, 2017 @07:34AM
(#15796614)
Call me back after the bubble crashes and we can have a discussion about where the dollars ran off to in the middle of it.
Re:The Bear Case for Crypto, Part II: The Great Bank Run
by coryl on Tuesday November 28, 2017 @12:06PM
(#15799039)
Why does he need to call you back? Stock market crashes are nothing new. Bitcoins are basically the same thing as stocks in terms of the way they're traded.
No one is saying a price crash isn't possible. But it won't be caused by some liquidity issue, it'll just be people selling off.