Theres a reason why Bitcoin was called a bubble..
I strongly believe Cryptocurrency will bounce back... but in a different form with a higher hash function than SHA-256 and probably strictly managed by some elements within the G8.
Bitcoin was a test but the world must still go fully digital in basic finance administration and other areas as well
Things we know for sure:
1.) The current world reserve currency is being set up for a massive credit crunch, crashing markets world-wide allowing criminal banker elements to call in loans and buy up distressed assets for pennies on the dollar - there won't be a single individual anywhere in the world who will come out unscathed. It will be one of the last useful events in the lifespan of the dollar, and they will milk it for everything they've got. Similar to the events of 1873 and 1929, the next one in the pipeline is the 'big one' for the ages.
2.) For the last 3000+ years, and particularly the last 650, societies have vacillated between rock and paper as monetary units of exchange. Rocks meaning gold, and fiat as paper. This terrible, de-humanizing cycle will continue into perpetuity until the masses stop participating in their system. Crytpo is one of the keys to unlocking a new era of human development.
3.) At this point in history (or at least as far as we know,) there was never another time where the entire world functioned on pure fiat with no underlying physical asset backing the integrity of the currency. Never. So when this fiat experiment fails, it's likely taking down the majority of people with it too.
Yes. It is early in the crypto paradigm yet. Although the fiat system is in a precarious state at the moment, it doesn't have to be. Just as easily as the continually kick the can down the road, they could reverse course, society takes the pain, a reset occurs, and moving forward the system continues on. Yet, we all know the controllers are not going to just suddenly find love in their evil hearts and grow a conscience. Not going to happen.
Therefore it is incumbent upon ourselves to take the steps necessary to shelter one's self and family from the tsunami of derivatives eventually coming our way. Crytpo will become one of the most important of those assets to use that can help us all weather this man-made storm.
My advice is rather than look and view the crypto space through a fiat lens (trading, profit/loss, up/down, holding, selling,) see their presence as indicators something big is changing soon. Most coins/tokens around today won't be around tomorrow - neatly fading into distant memories as our minds grapple with the tidal wave of new products hitting the crypto space and needing to always make new room for more. Individuals participating in the crypto markets today just to make profit will find themselves grinding their noses off to spite their faces.
Instead, one should be looking at narrowing down the list based on personal criteria and focusing on bounty hunting or investing money you might spend on lottery tickets if crypto wasn't an option. The cryptos of today are the best lottery tickets you can buy for tomorrow. Most will likely go to zero, but the ones that survive will make their owners very happy.
