Cryptocurrency bubble appears to be over, and a spectacular crash and bear market seems imminent.
Man I am old! I've been hearing this for years! Haha it's like the children never learn and think they are born knowing everything.
There have been plenty of spectacular crashes, they are fun, get the heart pumping, but in the end it's all just a blip in the road ahead.
I am seeing so many people do meet ups and talk about Bitcoin and crypto currency it's is crazy. To see how far this has all come!
To think it's all over is insane, what world are you living in!
Bitcoin may bounce towards approx $15500 on Bitfinex, followed by a crash towards $7000-$8000, and then eventually to $2000-$4000.
Yawn. This is really not a novel prediction and even if it were to happen and turn into a bear market for 2018 it doesn't matter, it never has.
Are you really buying for the month to month price swings? That's a good way to get destroyed.
Try investing for a few years at least.
Majority of other cryptocurrencies may cease to exist.
And exactly what mechanic will cause this to happen? Not sure if you're aware but the founding principle of crypto is based on Nakamoto consensus which means that it's unlikely a decentralized system will die. Hell even 51% attacked coins continue to exist and process transactions.
P.S. It is most unfortunate that people of Reddit have chosen to bury, down-vote and delete all posts of this subject matter! Losses could be prevented and gains donated to charity!
Meh, anyone scared of short term losses shouldn't be in crypto currency anyway.