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RE: It is the end of cryptocurrency on seeing huge dump in last 2-3 days?

in #bitcoin6 years ago

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.

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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.

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