Gentlemen

But then it doesn't crash solely because of a mania but because of a fucking scam. No one is going to touch crypto thereafter. It immediately becomes worthless.

The market is oversaturated with worthless currencies backed by promises and hype. Investors will eventually pull out as coins fail to reach development goals. Secondly, crypto will never "die". The coins which provide a function (Monerno, Ethereum, Bitcoin) will live on.

Look. A snowball scheme. Criminals intentionally scamming people out of their money. That's not a normal crash like a bursting mania bubble.

It doesn't matter, pham. People want to buy drugs online. people want a hedge against the dollar. people want to hide money - Crypto provides them with a way to do that. It will never die, only adjust to the market.

The drugs buying and money hiding thing is probably causing the governments to crackdown on crypto soon. Hedging against the Dollar can be done by buying JPY, CHF, gold or silver.

Bitbean will never die.

What is dead may never die.

>Government crackdown

The government would have to institute China-tier data control to stop crypto currency. If that happens, you have more to worry about than your Monero holdings.

They can simply drive the exchanges into the deep web.

a-are you dumping fiat user?

Most bitcoin being purchased is paid for with newly created fiat by the Federal Reserve, entirely off the books. They probably own 90% of all bitcoin by now. They will slam the door on us at some point, the only question is when. You'd have to be tinfoil as fuck to believe anything else

As 20m more Tether are issued today, I think it's important for people to know that an unbacked Tether could be a big reason for the recent bitcoin price rise. (x/post)

reddit.com/r/btc/comments/6xpddt/as_20m_more_tether_are_issued_today_i_think_its/

I would worry more about thenonexisting money used to buy BTC. That's the money missing later when you try to convert BTC into fiat.

Chinese own between 70-80% of all Bitcoin. No way in hell they would let the U.S. one up them. Especially since China is still beating us right now in terms of annual growth.

But doesn't the collapse of some shitcoin drive the price of BTC up rather than down?
If all the capital in crypto stays in crypto, and a coin is collapsing, then it flows back to BTC in the form of purchases that drive up the price of BTC, right?

It's like the companies during the tech bubble had the option to correct their stock price by using nonexistent money to buy their own stocks when they dip.

Exactly, its how you know some retard is fresh in from /pol/ when they start yammering on about how THE FED owns bitcoin.

>what if the central banks pump it, only to destroy it violently, to bruise everybody so hard that no one wants to touch cryptos anymore, all in order to save fiat and thus their power?

you're tinfoil as fuck if you think they wouldn't do this

At which point my small hodlings of 0x will goto jupiter