Quote:
Originally Posted by GFED
I agree, if you're referring to equities.
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equities are definitely going to a multi year bear...but it can go both ways for crypto...there is certainly a scenario where people flock to crypto...
the problem is most alts have almost bled to death...if you look at the sub top 10 coins most are down 70-90% since the peak in early january...now that their marketing is getting fucked I do not see how they will go anywhere but down...this in turn will cause demand for BTC to tank because it was a gateway from fiat to crypto...ETH will go down as well because it relied to much on alt volume/ICO-s etc...so will the other "platform" coins...
the flow of new capital in to crypto has been severely diminished by this move from google...it is certainly not the end of crypto but it is not looking bullish at all at the moment...