Hello, dear members of this board!
Let's talk a littl bit about comparsion between situation on CryptoCurrency Market in our days and the World economic crysis most known as
Great Depression raised in US at 1929. This Great Depression droped economy of US and Europe and lasted for 10 years!
https://cardse.net/image/qxXWhat was the point of inflection in US economy at that moment? It was a great fall of share prices which started at Black Thursday - 24 Oct 1929.
There are multiple reasons of Economic Armageddon:
- insuffitient of real money
- over-industrialisation
- demografic explode
- The Smoot-Hawley Tariff Act
- Margin loans
But the most reason is stay an Exchange bubble, which means investment in production beyond the real need.
Every housewife became a shareholder at that time.
So looking on a blowing bubble of ICOs I see a parallel to this sad situation.
Stay tuned!
