It seems the crypto prices are taking a beating unreasonably. Not because of technical and BM deficiencies of these 1st generation cryptos have, but the factors influenced by outside of crypto industry such as greed, fear, and or regulations.
Comparing the recent drop in crypto prices are definitely overshoot of normal behavior of people. These drops only resembles many crisis before such as great depression or 2008 housing meltdown, but these are based on large credit bubbles behind them and crypto bubbles are not on credit.
Therefore, price will go back up when whales and general public, especially professionals in the industry come to their senses sooner or later.
Only other factors may create further downfall can be severe economic downturn, but then which will you trust more?
Over printed fiat currencies? or system generated cryptos based on freedom seeking community enabled value which can not be printed easily.
Comparing the recent drop in crypto prices are definitely overshoot of normal behavior of people. These drops only resembles many crisis before such as great depression or 2008 housing meltdown, but these are based on large credit bubbles behind them and crypto bubbles are not on credit.
Therefore, price will go back up when whales and general public, especially professionals in the industry come to their senses sooner or later.
Only other factors may create further downfall can be severe economic downturn, but then which will you trust more?
Over printed fiat currencies? or system generated cryptos based on freedom seeking community enabled value which can not be printed easily.