CryptoCurrency : Why the market going down is good
There is a consistent parallel between crypto markets and the tech sector market. Just as in 2000-2002, the crypto market is going through a “the strong will survive” phase. Sure it sounds cheesy, but let’s review the logic.
Shitcoin ICOs and copycat blockchains don’t have incentive and, with evaporating value/ new investments, limited to no capital to continue to develop or operate.
This is what is needed as it was back during the ecommerce boom. Most if not all of the shit.com companies disappeared.
Sure it hurt, but look at the survivors and look at the gains granted to investors that chose the right companies and held on? completely worth it.
I believe the same thing is happening now and i support it fully.
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