Post
Topic
Board Speculation
Re: What if bitcoin crashes to $1 overnight?
by
kateycoin
on 12/12/2018, 21:24:19 UTC
Actually the assumption is impossible. No asset class in history I believe has crashed to a $1 “Overnight” . Even if it were to crash to a low price it would take many months, maybe years. When a company’s stocks tumble because of liquidation it takes months, years too until it’s delisted.

If on other less regulated market places it did, short sellers could easily arbitrage and for $5 in insurance would buy 5 Bitcoin and run the token into zero value.


your views?
I think it will never happen that bitcoin will crash to $1 in overnight because we know that many people don't want to happen like that. Because is a proven and have great value coin and it's normal that its changing the price because its decentralize  you know.