No such thing as Too Big to Fail - page 2.

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Quote from: Accardo on May 31, 2022, 12:00:08 PM

Bitcoin is almost too big to fail because of the technology, mathematics and sciences behind the creation of Bitcoin and bitcoin.

I think Bitcoin is more fragile than people in Bitcoin community believe. Overwhelming majority of Bitcoin's value comes from the hope that ti will be worth more in the future. But what if the market will become saturated, there will be very little new investors who believe in "Bitcoin to the moon"? Then a downward spiral might begin, investors who are tired of waiting for massive profits will dump it and be satisfied with modest profits, investors who barely made any profits would dump it fearing potential loss, and so on.

odolvlobo

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Quote from: Takyeon on May 31, 2022, 11:41:56 AM

Nothing is too big to fail in crypto world

Ethereum was considered to be too-big-to-fail when it was forked after the DAO hack.

xSkylarx

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Quote from: Lida93 on June 01, 2022, 03:08:46 AM

so like the OP said, "take risk with what you're ready to throw away". Doing this won't really be a loss but rather an experience gained to do things differently, smart and better.

Problem is some people forgot or don't know anything about risk management. They invest too much because of the get rich quick mindset. With the parabolic growth of luna in the beginning I'm pretty sure there are some people that only invested because of the hype. But with the Terra Luna collapse, their 6 digits investment became 3 digit just in a week. Some people got depressed to the point that they took their own life because of that experience.

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Quote from: Takyeon on May 31, 2022, 11:41:56 AM

it's the same risk involve with crypto generally including BTC but BTC is just way safer

Learn this please and be free of all doubts, bitcoin is in no way to be compared with altcoins, they aren't the same, about 13 years ago that bitcoin has been in use, it was never traced to exhibit any of it system under a fraudulent arena or cease to operate just as many other cryptocurrencies did, most of the altcoins failed along the way if they manage to reach a year or so, but bitcoin over the last 13 years still maintain its nature and remains bitcoin and not a failed project.

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Quote from: Takyeon on May 31, 2022, 11:41:56 AM

Nothing is too big to fail in crypto world, Terra Luna is a big example

Even the great wall of Jericho fell down flat those days stated in the Bible. Failing is human, and it is what we do after each failing that actually matters. So the world of cryptocurrency is no exception to failing, which is one thing everybody just need to have at the back of there mind.

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take risks with what you are ready to throw away

Yes.. Because i have heard this countless number of times from several crypto classes i have attended, and with this great fall of Luna Terra, it will serve as s lesson to many.
But actually, its very painful to see your $10,000 portfolio turn $100.. WTF🙉

Lida93

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Failing is not that bad as some see it to be. When we fail we therefore learn how to do a particular thing in different ways, that s according to Herbert .H., only that this is a business world and loss is something no one will like to incur so like the OP said, "take risk with what you're ready to throw away". Doing this won't really be a loss but rather an experience gained to do things differently, smart and better.

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Quote from: Takyeon on May 31, 2022, 11:41:56 AM

Nothing is too big to fail in crypto world, Terra Luna is a big example that the safety of your money isn't guaranteed even if you invest in top altcoins out there, it's the same risk involve with crypto generally including BTC but BTC is just way safer, I have seen people losing 6 figures to Luna and some Defi projects, first of all try to understand what you are going into, many don't know how risky crypto space is, take risks with what you are ready to throw away.

I think pretty much has learned over this over and over again. Its not just terra but even the top coins out there are all risky. Yes they could be blue chips but we cant anticipate such event that will occurred to them whether its good or bad. The only thing we must do is be ready and always invest only you can afford to lose. Cause who knows what attack might hit them on or incident that could lead to something like what happened on Luna.

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Size of a project is not a characteristic you should even be looking at when wanting to decide whether the project can fail or not. Unfortunately people keep comparing things with bitcoin and think that the reason why bitcoin is so successful is because "it is big" but the fact is that bitcoin is successful because it is useful and well designed.

Comparing it with altcoins you can see that regardless of their size or rank in the list of market caps, altcoins are not useful and their design is flawed some of them have serious flaws like top altcoins including ethereum. This is why shitcoins like Luna fail, a centralized flawed design was practically guaranteed to fail.

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Quote from: Takyeon on May 31, 2022, 11:41:56 AM

Nothing is too big to fail in crypto world, Terra Luna is a big example that the safety of your money isn't guaranteed even if you invest in top altcoins out there, it's the same risk involve with crypto generally including BTC but BTC is just way safer, I have seen people losing 6 figures to Luna and some Defi projects, first of all try to understand what you are going into, many don't know how risky crypto space is, take risks with what you are ready to throw away.

What's happening to Luna is general something that alway occur in cryptocurrency industry, already no cryptocurrency currently is in the better position right, provided that you have make up your mind of having cryptocurrency in your agenda, the risk most be admitted in all forms knowing that cryptocurrency is not assured in the lines of acceleration and fluctuations, at this State Bitcoin who is the mother of all cryptocurrencies is experiencing dip market, so it's obvious to that currencies that lack potentiality will be in the bad state.

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Quote from: Takyeon on May 31, 2022, 11:41:56 AM

Nothing is too big to fail in crypto world, Terra Luna is a big example that the safety of your money isn't guaranteed even if you invest in top altcoins out there, it's the same risk involve with crypto generally including BTC

whether only I have a feeling that Terra Luna holders experience that all crypto revolves around that currency?
After the big Luna fall, I have seen many announcements of the crypto world apocalypse. It could be concluded that Bitcoin is imaginary in relation to the super currency Luna.

Trusting the wrong altcoin is a personal mistake and other cryptos, especially not Bitcoin, should not be generalized.

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Quote from: Takyeon on May 31, 2022, 11:41:56 AM

Nothing is too big to fail in crypto world, Terra Luna is a big example that the safety of your money isn't guaranteed even if you invest in top altcoins out there, it's the same risk involve with crypto generally including BTC but BTC is just way safer...

Generally when you invest in crypto, it comes with its own fair share of risks, and of course not just crypto, every investment option has its advantages and disadvantages, but investing in altcoins is quite different from putting your money in Bitcoin. Altcoins are pump and dump projects, short term 'stuffs' that sooner or later will dump, it was Luna a couple of weeks ago, mind you that the problem isn't solely with Luna, as it can be any altcoin next.

Bitcoin on the other hand can plunge/correct in price, but it is a coin that has an actual utility in our society today, that is something most, if not all altcoins can't boast of, thus a coin that has an actual utility can't dump and stay down permanently, it would definitely rise back up again, and history is in its favor as regards that.

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Bitcoin is almost too big to fail because of the technology, mathematics and sciences behind the creation of Bitcoin and bitcoin. Imagine the blockchain network fails that's catastrophic and it's almost impossible, similar to the currency (bitcoin) that was built on it. As for Alt coins, people should stop rating coins eligibility to succeed by its prices but, the use case behind it. Just like I said about blockchain network its the use case of bitcoin and many companies that condemned bitcoin in the past like JP Morgan are working on the technology today. So, use case is what matters when investing on any coin or project on the cryptocurrency market.

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Nothing is too big to fail in crypto world, Terra Luna is a big example that the safety of your money isn't guaranteed even if you invest in top altcoins out there, it's the same risk involve with crypto generally including BTC but BTC is just way safer, I have seen people losing 6 figures to Luna and some Defi projects, first of all try to understand what you are going into, many don't know how risky crypto space is, take risks with what you are ready to throw away.

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