First, it reduces the amount of interconnected risk throughout the bitcoin market. Second, the epic blow ups - especially Celsius, which lured people into their trap of a company by promising yields on bitcoin that were attained by taking insane risks across DeFi protocols, lending and bitcoin mining - are providing a new wave of early adopters with the hard lesson of trusting your precious sats with centralized third parties who take undue risk with your bitcoin. This lesson has been taught many times throughout the years: Mt. Gox, Mintpal, QuadrigaCX, BitConnect, OneCoin.

Lastly, the rapid and violent deleveraging is showing that bitcoin is a truly free market.

#BITCOIN EXPERT WARNS OF IMMINENT DROP FREE# If you take undue risks and those risks come back to bite you in the ass, there is no lender of last resort.ĭue to the normalization of playing far out on the risk curve that the fiat system has brought with it, many felt comfortable playing fiat games with their bitcoin. #BITCOIN EXPERT WARNS OF IMMINENT DROP FREE#.

Ultracopier bitcoin minner