Many economist are predicting another crash in about 1-2 years time. No one can predict the severity of the crash but some are saying this will be worse than the 2008 crash caused by the banks. Everything will go down even lower than what it already has been. I think more and more people will realize we can't keep trusting the banks. So this might present an opportunity for crypto to make a change. And hopefully by that time, there are a few projects ready for mass adoption.
Steve Sjuggerud thinks otherwise.
And I mean, it’s super easy to simply go Nostradamus and say there will be a crash far out in time, but unless they have dogs in the fight, money on the horses, or something, anything, to make it more than an empty gentleman’s bet, then whatever.
I feel that we have seen some bloodletting in the past 6 weeks that have taken some wind out of the market in a way that will avoid a huge crash, and the damage of such a huge crash. The trade war with China, Jerome powell’s interest rate jacking, sanctions on Russia, Khashoggi execution blowback, and the midterm elections. My losses during this period have been eye watering. But as a result, I don’t fear a crash anymore. I fear trump tweets and the likelihood that they are coordinated to help Jared and Don Jr play the market.
