What happens when the crypto bubble bursts?
Now that Bitcoin seems to have found the way up again and some of the other cryptos are making large gains again, I'm wondering what the world will look like when the bubble blows up.
I'm wondering what actually will happen when the bubble bursts (not if it will burst).
Actually I don't have much answers, but I would just like to share my questions with you.
- How many coins/blockchains will simply disappear because there is no mining interest any more?
- Will the Bitcoin blockchain 'crash' (because everyone wants to make a sale at the same time and the backlog becomes millions of transactions)
- Will Exchanges crash under the load?
- How long will it take to reach the bottom?
If you have any answers/guesses/ideas or additions, I'm interested to hear them!
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