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Is Bitcoin vulnerable to a “bank run”?

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Is Bitcoin vulnerable to a “bank run”?

#1

Post by pkfrank » Thu, Dec 07, 2017, 5:32 PM UTC

Is Bitcoin vulnerable to a “bank run”?
dev.to

Re: Is Bitcoin vulnerable to a “bank run”?

#2

Post by cjbenedikt » Thu, Dec 07, 2017, 5:34 PM UTC

Yes, you are right

Re: Is Bitcoin vulnerable to a “bank run”?

#3

Post by swarnie_ » Thu, Dec 07, 2017, 5:50 PM UTC

TL;DR. A lack of demand at the peak price causes the price to drop, potential buyers stay out hoping for a better "bargain"

This is basic economics

Re: Is Bitcoin vulnerable to a “bank run”?

#4

Post by GrumpyNl » Thu, Dec 07, 2017, 6:25 PM UTC

No, there is no bank involved. People can try to sell, but you need buyers.

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