Quote:
Originally Posted by Chief Pagan
It's sad actually.
But dot.com bubbles and housing bubbles and stock market crashes are also a thing.
Hard to balance a free market, animal spirits, and consumer protections.
But yeah, I generally stay pretty conservative.
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But all of those took literal years of compounding circumstances to happen. As far as I understand, it took one tweet from an investor actually looking into how FTX had virtually no liquidity in it's assets, actually keeping most of it in their own version of crypto, and the whole thing came crashing down on itself as everyone rushed to sell off what they had.