Around this time last year, bitcoin and other crypto prices were rising quite meteorically, everybody wanted to get in on the action, many a social media ad was trying to sell you the ‘new bitcoin’ and there was going to be another month of even more ridiculous growth ahead. Then things started going badly wrong and the general public seemed for the best part to lose all their interest.
This year things couldn’t be much different. Prices appear to be in free-fall and there’s probably going to be a few readers that won’t be happy about me discussing such negative aspects of recent events so freely. However, I have mentioned before that the cryptos of today don’t necessarily represent the future of crypto or blockchain technology as a whole. Most of the cryptos that we currently trade will cease to exist within a matter of years. We can already see cryptos dying now; if I was more knowledgable in this area, I would write a crypto-coin memorial piece.
What about the future? I wouldn’t worry too much. Those idiots that entered in at 20k are going to feel pretty shitty now, yet those who are a little more committed to crypto’s long term future will probably take the rough with the smooth. I’m just grateful that we’re all not going talking so much about crypto as Christmas approaches. The average consumer is now bored of it and those that went too crazy will probably want to stay quiet about it. So they bloody should.
Still, I have a feeling that some lucky bastards will buy the dip right now...