It isn't just that. The same network effects that propelled cryptocurrencies and exchanges to the moon are now facing its uglier side. It cuts both ways. There's a chance these currencies and exchanges emerge out of this boom-now-bust cycle stronger than before. Time will tell.
You’re on to something there. Finance is all about trends, and when to follow them versus when to bet against them.
But crypto in particular seems subject to wild extremes of irrationality. It attracts people willing to to ignore fundamentals and move serious money based on faith and intuition.
It isn't just that. The same network effects that propelled cryptocurrencies and exchanges to the moon are now facing its uglier side. It cuts both ways. There's a chance these currencies and exchanges emerge out of this boom-now-bust cycle stronger than before. Time will tell.