Post
Topic
Board Speculation
Re: Bitcoin is a bubble?
by
HabBear
on 04/11/2017, 21:09:41 UTC
Even if this story is fake, do you think it can happen with bitcoin?

Sure. But the bitcoin market's decentralization helps prevent the rapid nature of the fall. Whereas in this Rockafeller story, most of the people that owned wealth in the New York Stock Exchange lived in New York, the wild fire rumors of "sell! sell! sell!" had a significant impact because owners were so consolidated.

That kind of news can move around the world just as fast, but it doesn't have the same meaning. It doesn't have the same impact as it would if all the people who live in your building or on your street were telling you the same thing.