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RE: Are we about to see bitcoin death-spiral?

in #bitcoin7 years ago

Great report and thanks for the chart sources.

I think that the spiral is already in motion and it's being managed, akin to a collapsing economy that is being propped up by government manipulation of it. But, I think that the velocity of the cryptocurrency universe is much higher than a bloated government run economy and that the crashing waves can only be held back for so long before it becomes apparent as to what is happening.

Already, over the past couple days, there's been an exponential increase in the reporting of this issue and people are getting wise.