In fact the total marketcap of all coins is no different than it was just 4 months ago.
But there will no new bull run for a long time.
Those people that entered the market in December/January looking at losses up to 80%.
Played to death by P&D teams. Traumatized, sitting in the basement with a double-barrel shotgung
into the mouth. Potential new investors are aware of these destroyed lifes.
We have to wait for the next generation of "Greatest Fools" in the Greater-Fool-Theory.
Could take up to 2 years.
Additionally, the banks declared war on decentralized cryptocurrencies. And the banks always win.
Crypto was a funny laughable thing until December. But then it became threat. Maybe they will let it
go as soon BTC hits triple digits.
Hehe.
Some amazing answers in this thread. Next to the pussy magnet factor
, Vann gave a great analysis, and you "retard75" raise some interesting objections, but your ideological assumptions about how financial activity and the modern world function are completely fallacious.
Banks don't always win, many banks have and will go bankrupt. In fact it could be argued that the 2007-8 crisis was the beginning of the end for the existing fiat financial system, where a critically high number of people saw how governments and central banks print unlimited money out of thin air to protect their vested interests and the big capital owners at the expense of letting the vast majority of their constituency suffer unfairly (not to mention the rest of the world having to pay for exponential bets made by the US financial system through the devaluation of their currencies). This is one of the biggest reasons why Crypto Currencies appeared in the first place, to give intellectual individuals the right to win their freedom against institutions and governments that have sinister agendas.
Enough talented and resourceful people are awoken to the realities of the "politically correct" Post Cold War world now that they would rather start a World War 3 than let corrupt police states and their instruments (central banks, fiat money, law enforcement, etc.) continue to oppress the human will to sovereignty and freedom.
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