Bitcoin Crashes: Should You Be Worried?

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Добавлено 3 года назад от Полина04

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In this video, I discuss the recent Bitcoin "crash" in its historical context.

Bitcoin crashes remove leverage from the system and help to create a firmer foundation of dedicated hodlers, who have discipline and low time preferences. By contrast, fiat market crashes lead to bailouts, moral hazard, and more leverage entering the system.

A possible US Treasury investigation into crypto money laundering and a power grid outage in China are not material worries. Combined with lots of leveraged longs, they can definitely lead to a cascading sell-off as we have seen.

I am buying the dip. Bitcoin below $60,000 is an absolute steal.

Not investment advice! Consult a financial advisor.

Big moves down across all cryptos:

Bitcoin leveraged traders get rekt:
LiquidationData

Rumors of US Treasury action coming:
InvestorsLive/status/1383746826096893952

Bitcoin hash rate collapses:
charts/hash-rate

Bitcoin mining in Western China:
DailyMiner/status/1382906026782040067

Hash rate collapse of November 2017:
woonomic/status/1383672535133216778/photo/1

Hash rate already recovering:
woonomic/status/1383672541819006981/photo/1

Nic Carter on Xinjiang outage:
nic__carter/status/1383420965313339400

My favorite Bitcoin dashboard:
dashboard/

Current stock to flow model price:
s2fmultiple/status/1383642771005661189

Adam Back on Bitcoin mining difficulty adjustment and hash rate:
adam3us/status/1383754623920443392

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#Bitcoin
#BitcoinNews

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