RE: Mining Community Partly Responsible for Crypto Crash

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Mining Community Partly Responsible for Crypto Crash

in mining •  7 years ago 

You can blame other people for their freewill, for their behavior. They sell because they can, and it's completely ok. It's called free market. They have their bills and their loans to pay. This article was interesting, specially at the technical parts. But I partially agree. Mises, in his book - Human Action, has a different view and approach.

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I understand your point of view. There is free will and there will always be good plays, bad players, smart players and stupid players in the market. However, today there are more bad and stupid players. For all the HODL people and the investors, this is a problem. If you have reserves and you can continue to buy, I personally think this is the best time to continue buying for myself. Eventually, people need to cash out so let's hope people can see a return on their investments.

If the market collapses we will never hear the end of it. A bunch of "I told you so" butt hurt people who couldn't get in on the action will never shut their yap about it.