Earlier quoted context omitted.
> What is the thing that makes it end? This is much easier to answer, at least in general, than many of the other "bubble" questions out there. The growth simply requires a larger and larger pool of new investors. It first started with tech enthusiasts who were really interested in the principles of cryptocurrency and people who also knew how they worked. The was a time when everyone in crypto had read the original B…
I’ve heard this exact argument 5 or 10 years ago. Yet here we are. Like I said, I totally think cryptocoins are all scams. I’m just amazed that the bottom hasn’t fallen out yet.
We've had an unprecedented boom period and non-stop money flooding the market for the last 5-10 years so there's no way possible the argument could have come to it's logical fulfillment in that period of time.
As long as money is flowing insanely anything is possible, there is no reality. Look at how many startups there are with non-sensical products, insane hiring practices and out of control leadership. When the money just pours in the top of the funnel all kinds of wacky stuff happens.
We're starting to reality come back, and I think it may bite us this time.