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RE: Spotting when the Market is Ripe to Turn
Nicely explained about each and everything in details the only problem with crypto is that the fear of going to zero we know its not possible but everything looks possible in this world
Well with BTC, the market could be dramatically shaken by a major network event... shaken but likely not destroyed. If there was a network event, they would pick a block number, everyone would agree upon the block number, and that would be the genesis block for the recovery chain. Unlikely, but not impossible. Yet because human enterprises back the currency, they can make decisions for themselves to protect the economics of BTC, meaning they'd immediately relaunch the network somehow. So BTC would still exist even if it crashed. Just such an event could impact price. This is the main risk with BTC specifically, but such a risk would echo through the whole market.
the only thing that makes it completely free is that it can't be controlled by anyone in the near future too which is a great thing in this world which is purely centralised