Great post Alan, and thank you for always keeping it real!
Many of us have seen this coming for a long time, and I am very proud of the work that has been done by our team to educate people on the risks of investing in cryptocurrency, and in particular ICOs. It was not an easy path to take. When it seemed like the rest of the world was promoting often illegal and/or fraudulent ICOs, we were willing to take a stand and do the right thing.
As far as what will happen next, I believe history will repeat itself and only the strong will survive.
This article is from 2011, but is even more relevant today:
5 Successful Companies That Survived The Dotcom BubbleThe dotcom era was a speculative bubble formed by the rapid rise and interest in internet companies. During the five years leading up to the peak, many businesses were born with the primary focus of gaining market share through brand building and networking. The theory was that out of a collection of like companies, one was bound to "make it", and businesses and investors alike were more than willing to put their bets on the table.
Getting big fast was key to survival, as companies raced to acquire substantial market share, sacrificing profits along the way. With an unprecedented amount of individual investing, the boom pushed the Nasdaq Composite Index to an all-time high of 5132.52 on March 10, 2000.
On March 10, 2000, the Nasdaq reached an all-time high of 5132.52, after which the index faltered until October 9, 2002, having lost 78% of its value.
The next day, the bubble popped and one company after another imploded, fueling an internet sector freefall that lasted for the next two and a half years.
Businesses and investors were forced to acknowledge that venture capital and initial public offerings did not guarantee income or make up for the lack of sound business plans. With the spectacular rise and subsequent crash of many of these dotcom companies, few were left standing after the dust had settled.
Full article -
https://www.investopedia.com/financial-edge/0711/5-successful-companies-that-survived-the-dotcom-bubble.aspxThe 5 companies were Amazon.com, Ebay, Priceline.com, Shutterfly, Coupons.com
As always, its great to see you on the forum, Chase. And thanks so much for your support.
Thanks for sharing the dot com article. It is very telling. We should have learned but we didnt.
I would be working twice as hard to identify the 10 most likely coins to be left standing after the dust settled and I would go all in. The technology and industry are here to stay. What is different is that there will be many more new players and its going to be massive.
We are well positioned to be an industry leader and strategically built to weather the storm. We are always advancing along a well-defined path because we have a clear vision mass adoption of DNotes as the inclusive trusted digital currency.