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This will be the true extinction level event for this era of crypto. I now fully expect it to happen on this bear cycle. It will be interesting to watch - poten

This will be the true extinction level event for this era of crypto. I now fully expect it to happen on this bear cycle. It will be interesting to watch - potentially the FTX investigation coming off the bankruptcy will set loose enough threads we will learn the truth.

JumpCrisscross 4y ago
> will be the true extinction level event for this era of crypto People keep saying this, but it runs counter to the history of gambling. As long as enthusiasts have money, the game will keep going.
- andirk 4y ago
  No one has ever said this is the end of crypto every 6 months. Never happened :) Tether is a joke but your bank also doesnt have every1s money. Oh it's FDIC insured! Yeah by the ppl who print the money. It's a solid grift, but it's also a grift.
- Ekaros 4y ago
  If FED doesn't loosen and start pumping money. I think there might be lack of money for a while...
- Retric 4y ago
  Enthusiasts staying long isn’t enough to keep things going, mining is a raging beast that must be satisfied or people start doing double spend attacks for the lulz.
- grey-area 4y ago
  As long as there are enthusiasts. When the music stops, everyone is rushing for the exits at the same time. The music stopped sometime last year, now we’re in the end game.
  - super256 4y ago
    I don't believe that. Traders do trade because price action is still there. The price itself is not as important as much as the movement! LUNC (Luna Classic) is still having 1.2bn USD futures volume on OKX, although its value should be zero. Why is this happening? Because LUNC still hasmovements from 0.000184 USD to 0.00019 USD; that's around 4%. Traders will use this price action, and by doing this they add their own weight to the price action. Simple intermittent reinforcement.
- rhino369 4y ago
  I've said this like 5 times and I've been wrong 5 times. But eventually there won't be any more bagholders.
  - dorkwood 4y ago
    New ones are born every day. We will never run out.
yieldcrv 4y ago
nah, just makes more resilient systems. its a ballast system, as the "marketcaps" crater, it takes much less activity to move them. so it doesn't matter that many people won't show up anymore, once they see their neighbor that's dumber than them getting richer than them - again - they'll come right back and primarily use new products with new tokens none of the top players/tokens involved existed before this cycle, or were created during the last crypto winter none of the top players/tokens from the prior bull cycle recovered to be the top ones this cycle I expect the same to continue, I don't really see anything to the contrary

JumpCrisscross 4y ago

> will be the true extinction level event for this era of crypto People keep saying this, but it runs counter to the history of gambling. As long as enthusiasts have money, the game will keep going.

andirk 4y ago
No one has ever said this is the end of crypto every 6 months. Never happened :) Tether is a joke but your bank also doesnt have every1s money. Oh it's FDIC insured! Yeah by the ppl who print the money. It's a solid grift, but it's also a grift.
Ekaros 4y ago
If FED doesn't loosen and start pumping money. I think there might be lack of money for a while...
Retric 4y ago
Enthusiasts staying long isn’t enough to keep things going, mining is a raging beast that must be satisfied or people start doing double spend attacks for the lulz.
grey-area 4y ago
As long as there are enthusiasts. When the music stops, everyone is rushing for the exits at the same time. The music stopped sometime last year, now we’re in the end game.
- super256 4y ago
  I don't believe that. Traders do trade because price action is still there. The price itself is not as important as much as the movement! LUNC (Luna Classic) is still having 1.2bn USD futures volume on OKX, although its value should be zero. Why is this happening? Because LUNC still hasmovements from 0.000184 USD to 0.00019 USD; that's around 4%. Traders will use this price action, and by doing this they add their own weight to the price action. Simple intermittent reinforcement.
rhino369 4y ago
I've said this like 5 times and I've been wrong 5 times. But eventually there won't be any more bagholders.
- dorkwood 4y ago
  New ones are born every day. We will never run out.

yieldcrv 4y ago

nah, just makes more resilient systems. its a ballast system, as the "marketcaps" crater, it takes much less activity to move them. so it doesn't matter that many people won't show up anymore, once they see their neighbor that's dumber than them getting richer than them - again - they'll come right back and primarily use new products with new tokens none of the top players/tokens involved existed before this cycle, or were created during the last crypto winter none of the top players/tokens from the prior bull cycle recovered to be the top ones this cycle I expect the same to continue, I don't really see anything to the contrary