Is crypto on its way to annihilation?

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Crypto winter it is called, or the bear market, but is it just that, or are we experiencing more… The complete downfall of crypto?

If you would have asked me 6 months ago, I would have said, “No way”. Today, it is a bit more nuanced to answer this question.

Crypto has taken a lot of hits in the last year, the central banks have created an environment with bigger interest rates, but most important of all, sentiment with average Joe has changed. People are not curious for crypto anymore. They are rather in disgust of crypto. Because it has caused a lot of losses for millions of people all over the world. There are very little success stories in the last couple of years. And to change that sentiment a major shift is needed. Which is highly unlikely in the current time.

Slowly bleeding to death?

Now, what do I think isgoing to happen with crypto?

I have no clue, and that’s very honest! It could very much be that crypto is going to bleed out very slowly in the coming years. But the opposite could be very much the case too. It’s just a fact that only a small percentage of all crypto projects will stand the test of time. So, we can only hope that Hive is one of them…

Time will tell…

Sincerely,

Pele23

hive-167922 crypto proofofbrain vyb cent archon creativecoin lassecash neoxian palnet
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9 comments
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Tudo se repete e no mundo Crypto vai dar no mesmo. Eu gosto de juntar Análise técnica com ativos escolhidos por análise fundamental.
Minhas escolhas neste momento são ETH e HIVE

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Este post foi lido,aprovado e votado pelo curador @pataty69. Desejo que continues a contribuir com publicações de interesse e qualidade para a blockchain Hive.
This post was read, approved and voted by the curator @pataty69. I wish you continue to contribute with interesting and quality publications to the Hive blockchain.

Translated and formatted with Hive Translator by @noakmilo.

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True many projects will fail and disappear over the next 5 years which is actually good news for projects that work well and have a reason to exist. There are plenty of proper projects out there yet many don't actually understand crypto and only seek profits instead of whether it has a use case or not.

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yeah, I also got the feeling already.. the big money that currently rules just doesn't like crypto at all.. or should i say bitcoin. they take jab after jab.. slicing and sticking the dagger till i think maybe crypto is failing already.. :(

not crypto like HIVE tho.. that's here to stay!!

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