There are (as of now) 14029 cryptocurrencies listed in coinmarketcap.com.
A case has been made (repeatedly) for the existence of a bubble in the cryptocurrency market.
Yeah, I understand cryptocurrencies are volatile, high risk investments. But, are you guys expecting a market crash anytime soon?
Well i am open for possibilities but "EXPECTING"? nope I'm now , who's in the right mind will expect this? when all of us expecting increase in prices specially those coins in our pocket?
and also I don't think there are many here who thinks this will come but open for a chance is indeed.
I guess even if we are "expecting" a crash, would that be because of the high number of tokens and coins available in crypto? I get that there could be 14k+ coins and there could be 140k+ of them as well and that wouldn't be the reason why I would be expecting a drop in the price. If the price happens to go down at anytime in crypto, that would be because people are taking out their profits or have some panic selling or even liquidity cashing due to bad leveraged trading but not because there are too many coins.
I get that some people imagine a lot of failed coins equal to a lot of money gone but that is not true, it is still around, just not in those coins. Having a bubble in the number of coins and how it takes literally 10 minutes to build your own coin is nothing to me, it is not a reason to bash crypto, it is to praise developers.