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dhosek
3d ago
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Their loss, big deal. Let them suffer. The problem is that when they crash they bring a lot of other stuff down along with them. The people who lost money in the 2008 crash were not the ones who suffered the aftermath.
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YetAnotherNick
3d ago
Because in 2008 ordinary everyday people invested in overvalued things like house.
dhosek
OP
2d ago
It went beyond that. I didn’t own a house, but my employer, facing an economic downturn, laid off about half its employees.
YetAnotherNick
1d ago
Because house is part of economy. Crypto went from $4T market cap to $2T and no wide impact was observed. Same will be true for $4T AI market cap.
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