HN Explorer

11 comments

[ 1.9 ms ] story [ 75.9 ms ] thread
ckastner
Note that, with the BTC/USD seeming to have stabilized at around 13,000 for the moment, for everyone that got in by Dec. 6 (two weeks ago), this is still a win.

As long as there are still that many winners, I don't think the number of losers (ie, people that got in during the past two weeks) are sufficient to panic those winners.

To really trigger a fire sale, I believe you'd need a larger number of losers.

ckastner
OK, it's rapidly falling now. Perhaps we get to see a fire sale today, after all!
throwwit
All the more reason to do your christmas shopping early. Lol. I take the total crypto market cap more seriously though.
TeeWEE
Just as how bitcoin grew (network effects), it will crash just as hard (network effects). I sold it all, yesterday :-) I think it will stabilize around some point and then grow again. I'm waiting until it stabilizes.
unitboolean
Yeah, was a good point for selling. I suggest the price will continue to drop.
cousin_it
ETH is crashing too.
Nuzzerino
I haven't even received my ETH from coinbase yet and it's still worth about 25% more than I paid for it. I wouldn't call that a crash.
Tepix
Whee, the fifth crash this year. That was a rather short one.
Tepix
Oh, it wasn't over yet. 11 days of gains lost...
JonnyNova
Not just bitcoin, its all going down. Total crypto market cap has dropped from $650B yesterday to $477B now and dropping still.
Nuzzerino
Most of the altcoin market caps you'll see are calculated by their exchange rate to BTC, which is then converted to USD based on the BTC/USD exchange rate.