-is this like the crash of 27 may (big fat correction, follow by a bull run to new all time high).
-or a 27 june kind of crash (crash, followed by month long bear run)
We didn't experience a whole correction this bull run, maybe this is the pattern that will ensue? Bull run ends at a market cap of 200-220M?
This is The end.
We are back in q1 2018 , The bullmarket again!
>>3341045
>bear run ends at a market cap of 100 bil?
fixed
>>3341045
Culling of the ICO shitcoins. Those who bought on hype instead of fundamentals will be punished.
It depends on whether this China thing erases enough valuation to cover for Tether. If we see another 25 million get minted in the next week, this is going to end like GOX.
Bitfinex literally gave people IOU tokens after their hack and those IOUs were "store credit only" so people were forced to buy crypto with them. That value is trapped in the market like a ponzi until enough money shows up to dilute it. Funny twist: Bitfinex keeps minting more tether so it will never get diluted.
>>3341073
This. And it's for the better that this happens now instead of later. Having 10,000 scam ICOs and 100,000 inflated shitcoins is not healthy, and if the bubble were left to inflate, the eventual crash would be much worse. Put money in solid coins with use cases and actual tech, and dump the trash.