Just seems like scare mongering. His sub-headline "The next recession could be weeks away" makes that pretty clear.N00bster wrote: ↑Fri Dec 08, 2017 6:18 am Interesting view about the current frenzy. Would love to hear others' opinions on this:
https://medium.com/@kristopolous/heres- ... a11e0f835b
Of course it's going to crash big at some point. Deep down I think everyone believes that. That's why it's important to take profits and diversify into Eth and other alts. Blockchain is the future. It's difficult to deny given the uptake of the tech (in Australia for example). But there's a decent chance Bitcoin isn't the future of blockchain.
Most people with large amounts of bitcoin have it stored in wallets offline, this means they can't trade (and can't use stop-loss limit orders). And even if they decided they wanted to sell during a crash, the network would be so congested it would be difficult and time-consuming to transfer to an exchange. Could this possibly limit the severity of any crash? I don't really know, but I'm hoping.
On thing's for sure, with all the new money coming in from people due to FOMO (fear of missing out), it's only increasing the likelihood of the same people panic selling due to FOLIA (fear of losing it all... I just made that up by the way
).
