It’s official - Bitcoin is Dead! It will continue to drop like a rock until it reaches Zero. Alts will fall faster than BTC does.
Okay maybe I’m being a little sarcastic. We have all seen this story before. Cryptos are not really dead. No blockchain is not going away any time soon.
There will be lower highs and lower lows before it’s all said and done, but I do believe Cryptocurrencies are not dead by any stretch. I think we are just getting started. The future is extremely bright, but these flush outs are exactly what the space needed.
2017/2018 has certainly been a wild ride and many interesting people have come into the cryptocurrency space and raised billions of dollars with subsequently no product at all. I saw a tweet earlier today of an ICO that raised $30 million only to liquidate their remaining ETH for $4 million.
It still boggles my mind that Steem is as undervalued as it is with a platform that has tens/hundreds of thousands of active users. Maybe EOS will overtake Steem and be Steem 2.0 but that is still going to take some time I believe.
