End well, this will not. To what end are we headed though? That is the million ETH question.
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No idea. We could go into a mega bubble and the insanity is amplified. On the other hand I can see Bitcoin dropping to $2k and killing the hot money flows. Truth is probably somewhere in between.
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Most likely, and there’s pros and cons to all possible outcomes. Things dropping further sucks because, well, things dropped further - but this will take out most of not all of the “dumb” money from the space.
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The reverse is also something to consider - the price going back up is great because well, hey, the price is going back up.. but then you invite FOMO for even more “dumb” money to enter. Will be interesting to see how things play out.
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I prefer dropping to $2k. I think it'll flush out the VCs who are pumping questionable ICOs so they can dump on the new money. Long term this is probably the better outcome.
End of conversation
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