[gergov]

Well, once all these go down the prices of currencies will also come down, which affects even those who had their coins in cold wallets - unless they plan to hold without making a profit until the heat death of the universe

[CyberDildonics]

Everyone is talking about losing their balance and you are conflating it with price fluctuations.

[tartoran]

Let’s not shy away, those balances are a speculation on the future price of crypto. If the prices don’t go up they’re affected, simple as that.

[rglullis]

Plenty of people were underwater with their mortgages in 2008, but home prices came back up not too long after.

[AndrewStephens]

The difference is that house prices were for material objects that people actually need, and sales are supported by a huge industry of agents, lawyers, and governments to facilitate the safe transfer of houses.

None of that exists in the crypto space. The exchanges control the price and regularly trade against their own customers, and recent events have shown that they are all co-mingled and propping each other up.

Exchanges going down is bad news even if you keep your coins in your own wallets. With the exchanges gone, actually using your coins will become much harder. Worse, as power consolidates among fewer exchanges the price becomes even easier to manipulate.

[JumpCrisscross]

> Plenty of people were underwater with their mortgages in 2008, but home prices came back up

There is a pretty fundamental difference between houses and crypto.