Why did crypto die?

why did crypto die?
I want reasonable, factual answers. What happened?

Because disgusting normies and bankers came in, and it wasn't about building a new monetary system anymore, but about making money shorting.

normies

that is all

it didn't die and your usage of loaded questions is obnoxious

It didn't die, it's just knocked out for some months.

market cap was 420 like an hour ago now it's 426

earlier today it was like 480 and back during the january crash it got dwn to 350 range i think

Kike bankers saw it as a threat so they bet on it throug futures contracts nd will manipulate the price from here on out

it died to purge weakfags like you who don't know this is a cycle that's been repeated 5 or 6 times now

It's funny I am actually very calm in a bear market. When things rally hard I get very freaked out.

You can find your answer by thinking about this illustration:

My professor bought his house in the middle of the housing boom right before the recession, because he just needed a house for his family and didn't care about the prices. A couple years later he sold it for $20,000. He sold it because his friend recently sold his house, and when he asked his friend about it, he said that he sold it to a doctor who lives in California and won't ever see the house in person. The doctor wanted the house to sit empty. The doctor bought it at the peak of a boom because he wanted to flip it later on. I think it's the Big Short that my professor quoted when he said "We don't build houses for people to not live in, something's wrong here."

It's kind of like that. We don't make currency that no one spends. We especially don't make currency that can't even scale to the volume of a medium-sized supermarket.

>sold it for $20,000
sold it for a $20,000 profit, I mean.

Someone injected like 500 bill then market sold exactly a month later

It's a typical bubble in hindsight.

because shitty gippo currencies are gay as fuck and you and everyone else that invested in them deserve to die poor and alone

Weird af but I dont really care if it goes to zero. If it does I'll just buy more desu. I'm pretty chill, it'll be fine. If it never recover then fuck it, I tried and that's why I can be at peace with myself. Better to fail than to wonder my entire life: "what if I had invest?"

Everything will be ok my bizraelis

i just bought in a couple days ago and its dropped 2 grand wtf am i gonna do?

>muh internet currency
In all seriousness, it was the normans. It's always the normans. They ruin everything that is good.

A year ago it was less than $1,000. Holy fuck you guys are retarded.

die???
Ripple was at $0.33 last August and is now going for around a dollar

i just realized the entire worth of every shitcoin is more than the possible amount of currency in existence...how the fuck this supposed to end well fuck

is this your first crash newfag? sell all crypto and never buy back. you are too much of a weak handed pussy ass bitch if you think this is the end. no get the fuck outta here.

...

It was less than a penny at the beginning of the year, if I recall correctly. Almost went up to $4 too. Crypto isn't dead, but the pointless pajeetcoins will get weeded out. Only utility tokens with real world purposes will survive. Ethereum will continue to face scaling issues, and Bitcoin as well. Those are two giants, so it's uncertain what will happen to them, but they must adapt or they will die. The others that don't serve a purpose though, will die.

Bubbles don't last 2 months.

natural selection is going to catch up with you soon retard.

if you invest outside of the top 10 you've been shorthanded when it comes to the IQ points

The entire crypto market cap is actually smaller than one large corporation.

Yeah well google apple msft all do a great service to people while crypto doesn't. Like almost 0. Even the best like xrp have very little use for the masses.

Normal people don't care about crypto.

does it hurt being as retarded as you?

Too difficult for normies to use. The notion of a global crypto currency makes me laugh every single time – how do you expect a 95-year-old grandma to install her own wallet and manage the private keys?

oh did it go to 0 and all the infrastructure just disappear?

pretty good analogy desu.

This shit is going to 20 trillion by 2020 and if you aren’t on board you’re a big ol dummy

...

Honestly, I don't think that'll be the hard part. I think if we can get the consensus algorithms and scaling issues solved, creating simple interfaces for grandma to use won't be too much of a hurdle. A global crypto currency? No way. We don't even do global fiat currencies. But I could see us making it easier for normies. I mean, we have to at some point, right?

>even the best like XRP
kek

Even so, the government will regulate this theoretical crypto through and through to the point where it won't look like anything sensible. If I were to imagine a dystopian currency of the future, a government-controlled crypto would be it: 100% tracking for life.

I'm going to look forward to your pink wojaks when some of the current top 10 get dethroned by coins not even in the top 100 right now

>Even the best like xrp

Pic relevant. It's you.

I have a feeling that's what it's going to come down to a decade down the line, hopefully I'll be able to make enough in the mean time to keep as many of their tendrils out as possible.

20 trillion by 2020

market cap is 434 right now

almost 10 billion has been invested into crypto since you made this thread, OP

It's only February user

you really dont know what are you talking abouy

because less people want it
selling drives price down, basic econ m8

why less people want it? fuck if i know

I am calm in this bear market. Overjoyed in fact. That means I can buy on the dip and save up for a potential investment that will grow in the future. Remember what Warren Buffet said anons:
>the stock market is an instrument to transfer wealth from the impatient to the patient.

It was just a fad.

Dude what

Which ones have actually uses though?

I think it's too soon to say since a lot of them are still in development

None of them have any use besides extracting money from gullible fools.

depends on your timeframe m8
did you buy to flip some quick cash?
if so you fucked up
did you buy because you think its going to go up in the long run?
if so why worry about short term prices

Yes put in of course it won’t break records again this year

>bitcoin still up 200% from like 6month ago
>crypto died

flew too close to the sun on wings made of wax

This, the market is now completely in likes control and there's no way likes will ever let normal fags gain anything.

Exactly. We are still at a point where there is no real value. Nothing even remotely considered as real world usage. No adotion.

And yet people think this was it. This was the end of crypto.

Well brainlets gonna brainlet. We are the early adopters. You know billion dollar companies wouldn't get involved with vaporwaves. That's not how they became billion dollar companies.

The bull run is going to be insane in ~2020 when blockchain technology has been adopted to real world use and market cap is worth several trillions.

*kikes

I think as BTC is getting bigger, the dips and pumps will become bigger and more drawn out as well. What lasted 1 months tops last year will be 3-6 months this year, and even more later. Probably will top out somewhere around 1 year cycles but maybe not. But I think this is the trend we're in.

Seem like lotteries are for you.

Because btc is worthless just like the neets "investing" in it

The world needs bitconnect so normies invest more into bitcoin. ¯\_(ツ)_/¯