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ITT we predict HOW the crypto bubble pops
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Date: June 21st, 2017 11:39 PM Author: Hairraiser multi-billionaire I think it'll be a big hack, followed by a huge sell-off. The exchanges will freeze everything, and whenever they allow trading prices will plummet until they reach 2016 levels. (http://www.autoadmit.com/thread.php?thread_id=3654803&forum_id=2#33614782) |
Date: June 21st, 2017 11:43 PM Author: vivacious pearly step-uncle's house main people Tezos ICO raises over a billion and draws unprecedented national attention to crypto.
Something happens and some ICO people get fucked.
The SEC steps in shortly after and cracks down.
The exchanges being SPS only exasperates the crash. |
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Date: June 21st, 2017 11:52 PM Author: Hairraiser multi-billionaire I think regulators stepping in is a close, close second. I think a distant third is financial institutions announcing that they'll implement blockchain, but with their own proprietary coin. (http://www.autoadmit.com/thread.php?thread_id=3654803&forum_id=2#33614847) |
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Date: June 22nd, 2017 12:01 AM Author: vivacious pearly step-uncle's house main people I think your OP has already happened with Mt. Gox and won't be repeated.
Small hacks sure, but nothing as widespread as that. |
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Date: June 22nd, 2017 12:23 AM Author: Hairraiser multi-billionaire We'll see. I think something on the scale of Mt. Gox happening again would scare off all the new "investors" who weren't around and paying attention when the original hack occured (http://www.autoadmit.com/thread.php?thread_id=3654803&forum_id=2#33615020) |
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Date: June 22nd, 2017 12:25 AM Author: vivacious pearly step-uncle's house main people Oh, I definitely agree. I just think it's extremely unlikely to occur.
Mt. Gox occurred in a time when people didn't really give a shit about information security. Now it's generally taken pretty seriously. 2FA is everywhere, as is Google Authenticator.
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Date: June 22nd, 2017 12:28 AM Author: Hairraiser multi-billionaire Fair enough-- honestly I'm surprised more individuals don't get hacked (http://www.autoadmit.com/thread.php?thread_id=3654803&forum_id=2#33615044) |
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Date: June 22nd, 2017 12:31 AM Author: vivacious pearly step-uncle's house main people So am I.
Although I did receive an email from the authy app saying Coinbase has had a ton of hackers spoofing numbers to bypass the 2FA, so the app disabled multiple device support for everybody as a precaution. You could turn it on again by going into the options.
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Date: June 21st, 2017 11:44 PM Author: alcoholic stage In my ass. (http://www.autoadmit.com/thread.php?thread_id=3654803&forum_id=2#33614804) |
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Date: June 22nd, 2017 12:09 AM Author: Trip splenetic water buffalo home i think it may happen spontaneously and without any apparent trigger (http://www.autoadmit.com/thread.php?thread_id=3654803&forum_id=2#33614936) |
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Date: June 22nd, 2017 12:20 AM Author: vivacious pearly step-uncle's house main people This is probably the most likely outcome, given how that seems to be the pattern it's been following all along. (http://www.autoadmit.com/thread.php?thread_id=3654803&forum_id=2#33615005) |
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Date: May 10th, 2022 2:55 AM Author: Twisted International Law Enforcement Agency (http://www.autoadmit.com/thread.php?thread_id=3654803&forum_id=2#44484678) |