It is the end of cryptocurrency on seeing huge dump in last 2-3 days?
No. It certainly is not the end of crypto.
But it sure will end some pump and dump coins. Coins that existed purely for speculation will die. Many people are going to get rekt. But legit cryptocurrencies won't die.
They are here to stay and they are the future of money. I expect some of the current crypto companies with less than 300 million market cap to rise to above 10 billion market cap in 3 - 4 years.
This is of course my own assessment / estimate. Don't invest assuming these predictions will come true.
The coins that will stay are coins that have real utility. For example Binance coin. It is one of the best utility tokens and it hasn't fallen that low compared to its April high.
It's been sad days for many of us. I don't think it is the end though. There will be more blood baths. Not sure how or when we would recover from this.
Hmmm, pls. take a look at the history ups/ downs of crypto over the course of the last 7 years. We have faced worse times. Much worse. Just keep in mind, crypto is technology, new and most progressive one AND the history has shown to us, none can fight off technology!!!
I really believe John Mc'affe, he said BTC will be half million by 2022, and he is always right.
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NO, crypto has gone through worse times, just HODL+ACCUMULATE!
Pls, nobody goes to @SASUNIDIDI post it is a SCAMMMM! Phishing!
@arcange, pls. take a look at @sasunididi ASAP, it is your power, to dump out this phishing scam!!!
Looks like exactly the same as the one that appeared yesterday on my friend @steemcafe's feed, the d.tube Star and you dumped it down!
Already taken care of. Thanks for pointing that out.
Bro, yesterday was pretty much the same case with a post of d.tube superstar. Steemcafe, as I know him very well and following up with him, I was surprised to see the phishing popping up on his post. Arcange took care. Glad to see how well we are organized here to nrutralize such a scam right away, I really start believing in steemit more and more! Was very surprised and angree to see this f....g phishing on your article, buddy!
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I just wrote on my blog that i thought this was the last big dip, called it back in march as well. I think it will flatten for the next year. Once more systems of use are in play, then you will see it raise again. Of course the rich could be driving it down to get on board cheap. However with a flooded crypto market most will die...... i explain it more in my post but thats the basic part of it.
thats not phishing is it? i hope
As soon as the common believe is that crypto is dead, this will be the right time to buy. It feels we are close, but maybe not yet there...
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Hardly, there has been more corporate investment in various blockchains in the past 6 months than the previous 6 years. This is just the shakedown period - same thing occurred with the Dot.com era. Whatever has a big warchest will survive. Everything else will die.
The number of projects that have big warchests is pretty high. Eth btc golem filecoin tezos knc bnb xrp iota dash bch eos bat tron neo maker 0x etc. These are just the ones I remembered at the time of writing this comment. There is a lot more of those, much more than the ones I mentioned.
I don't think there would be any issue of money. Even if a small project gets real adoption, it will succeed.
I mean an actual warchest not market value. It will be surviving a shakedown.
Yes, I am talking about warchests not market value. Golem's warchest is bigger than its market cap.
DO NOT CLICK ON THAT, IT'S PHISHING.
I flagged the comment. Please do yourself so as well on other comments of that account.
@steemflagrewards
great @flugschwein! I have informed @arcange already, well done!
I pressed on next steps, though beeing 1000% it is a scam, just to check out what happens. So it poppes up steemconnect( FAKE) and you need to log in using your PRIVATE KEY, scam exactly described like the one that happened yesterday. @Arcange did a great work again!
But there are many newbies here, we need to protect them in the first!
Luckily steemcleaners reacted fast enough, and the account got nuked to -1 reputation
The enemy is out...thanks a lot @flugschwein for protecting us, I have stumbled again on phishing, such a disguise. Btw. participating in community against scam/ phishing, you are an example of taking care of all of us. Congrats!
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