5 ms·

I doubt it. There is nothing to implode. Most of the activity in the "industry" is shuffling around tokens between the various blockchains as their respective c

I doubt it. There is nothing to implode. Most of the activity in the "industry" is shuffling around tokens between the various blockchains as their respective cheerleaders hype their chosen coin and spread FUD about competing ones. All of the "real" economic activity surrounding cryptocurrencies (e.g. darknet commerce) will continue regardless of the price since darknet prices are pegged against the value of government currency anyway. The cryptocurrency world will continue to churn with activity indefinitely because creating the appearance of activity is what the industry does

ttul 8y ago
... and that economic value is tiny when compared with the speculative value. The untethering of tether portends a crash, IMHO.
- root_axis 8y ago
  Well, it depends on your definition of crash. We know that large price fluctuations are not uncommon in cryptotoken land so it's important to be clear about exactly what we mean. Personally, I'd consider a definitive crash to be a sub 1k BTC/USD price. I don't see that happening any time soon because the "speculative value" is very cheap to maintain with lots of enthusiasts broadcasting hype across every popular tech platform and the various exchanges generating superficial traffic and trading activity with very little cost.