I personally think BAD outcome would be most likely. Because most of people in cryptocurrency market is rookie (including me); and they probably dont know how to react to a situation like that.
For example, I'm not an investor (but if it were) I think it would go into panic, just thinking that my investment would generate a loss, instead of a profit.
So I would try to sell as quickly as possible...
(IN FACT, IF THE MARKET IS SO UNSTABLE, AND WEAK, I BELIEVE THAT I WOULDNT THINK OF INVESTING )
But on the other hand, despite the chaos, I think that many (the most experienced) would take the risk. I dont think it's possible for the market to collapse in such a way, to be extinguished, or to cause everyone to retire from crypto.
Greetings from VENEZUELA!
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Technically you're an investor cus you're on steemit!!
But that's true, many are expecting the worst so they're selling, including the experienced.
I feel like some people are just sick of the volatility, my friend just told me he's so tired of seeing his portfolio drop, the gains AREN'T WORTH IT. He said when he makes a bit more he'll liquidate his portfolio (which is worth like $500 dollars).
GREETINGS FROM AUSTRALIA, wait no i'm in beijing right now ;)
I mean investors who invest "real" money in those businesses!! :D:D
Maybe your friend already had enough ... but I think that an important part also of the crypto, is patience. Hopefully things will "stabilize" soon.