Bitcoin price is crashing

Not just bitcoin, its all going down. Total crypto market cap has dropped from $650B yesterday to $477B now and dropping still.

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.

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.

Whee, the fifth crash this year. That was a rather short one.

All the more reason to do your christmas shopping early. Lol. I take the total crypto market cap more seriously though.

ETH is crashing too.