I found this an interesting read, especially the part about how Nakamoto never intended Bitcoin to be an appreciating asset, but I doubt it will appeal to diehard crypto fans. https://investorjunkie.com/investing/crypto-crash
That article needs refinement. The writer needs to do much more research. It didn't talk about the mother-of-all-Tulipmania. It didn't talk about the possibility of it happening.
Crypto bubble can not be compared to any other bubble. 70% of crypto volume is in fake money (USDT and etc). All other bubbles in history were in real money. No one had the power to click few buttons and create a billion out of thin air. The real crypto test will be if/when any stable coin that has 1:1 USD peg must be audited by reputable auditing firms.
Yeah... today's investor/trader thinks any 5% movement to the downside is a "crash"... and whines for the Fed to pump the markets back up. Years back, a -25% downside move was considered as "just noise".
That's the best part. You can short ANY TIME! I confirm this every time I go to: https://www.coinglass.com/LiquidationData It's a nice live-feed showing all the shorts that are getting rekt. The liquidations are carried out 24/7.
"Despite their recent growth, stablecoins still only account for around 6% of the estimated USD 2 trillion total market capitalisation of crypto-assets, though interlinkages between stablecoins and crypto-assets imply a correlation of risks between these market segments." https://www.ecb.europa.eu/pub/finan...ablecoins,risks between these market segments.
it is small fraction base on market cap. But represent 70 percent of daily volume. That is what most miss