On December 22nd, 2017 the Bitcoin bubble burst. The rest of the crypto market followed on January 7, 2018.
We are now somewhere between Capitulation and Despair. A return to the mean is imminent, but there's no telling if its 8k, 6k or 2k.
We've reached the end of the speculative bull-run. Future growth will be based on actual developments, and real-world applications. Vaporware, memecoins and privacy coins are getting kicked to the gutter -- Yes, privacy coins have an important function, but we don't need more than one of them. (This is coming from an XMR bag holder... I regret putting so much into this.)
>but... but... dot com bubble had an $8 trillion market cap
In 1997, when Apple was conducting consumer research for the iMac, internet connectivity was the #1 requested feature. The average college-educated consumer was catching soundbytes about how internet would democratize access to information, create virtual, globalized workspaces, completely change our social and entertainment experiences, and in general, improve lives.
In 2018, nobody is asking companies for more blockchain support, besides a few NEETs on Veeky Forums. It has immense importance on the business and government-level, but consumers could care less. The average college-educated consumer hears soundbytes about BTC being a "dangerous" investment, or being seized from child porn rings.
Cryptokitties was the beginning of the end, and "Blockchain Iced Tea" was the nail in the coffin. The good news is we can finally start our "real" bull run. In the next few weeks, we have the opportunity to buy Apple stocks like its 2001. Growth will be slow, but in 3-4 years, many of us will be richly rewarded. Personally, I'm hedging on ETH, NEO, XLM and REQ. But more importantly, keeping my eyes and ears open.
>pic unrelated