Man, this is getting scary do you think this is game over for bitcoin? Or maybe this could be this biggest dip only because it did get media attention and now it's in the dust with no more hype.
Man, this is getting scary do you think this is game over for bitcoin? Or maybe this could be this biggest dip only because it did get media attention and now it's in the dust with no more hype.
Dips of this magnitude have happened a few times in the past. After each historical drop, the market seems to hibernate as a consensus needs to re-develop as to what the price should be. At the moment, way too many people have been burned and a negative network effect is likely to ensue as stories of people losing thousands hit the airwaves. Regardless, this is not to say that crypto will not rally again. I think it just needs months, if not years, for the technology to develop to a commercial standard and interest to pickup again.