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Topic: Are we moving towards the Global Crypto Currency Depression? - page 3. (Read 1625 times)

sr. member
Activity: 1572
Merit: 267
Depressions. No worries. Bitcoin will hit 300 dollars before you hit the dust!

PS: I'm talking US Dollars.

Go for gold if you want fiat money ?

(My one armed friend)
Steen Jørgensen // The Model
https://www.youtube.com/watch?v=sGJgpMRVz1k

Last time i meet him i ended up fucking my ex-girlfriend at a bus stop.
full member
Activity: 196
Merit: 100
I would better say about Global Crypto Currency Selection, but not Depression. There are, indeed, too many in the market.
sr. member
Activity: 406
Merit: 250
https://gexcrypto.io
As per coinmarketcap website, we have 970 crypto currencies available at this point of time. If we sort the list by clicking on Change (24h) column, I can see that price of only 13 coins were increased in last 24 hours. Rest all coins are facing the depreciation.

Even bitcoin price is standing at 2359 USD at this point. Are we moving towards a Global Crypto Currency Depression? What's causing this massive depreciation?

That is true. There are so many crypto currencies at this point. But that doesn't mean each of those currencies doesn't have a chance to rise. Maybe there are top crypto currencies that is really soaring higher but those currencies have also experienced a depreciation. This wont take long. Crypto cyrrencies have so much to offer for us.
sr. member
Activity: 350
Merit: 250
As per coinmarketcap website, we have 970 crypto currencies available at this point of time. If we sort the list by clicking on Change (24h) column, I can see that price of only 13 coins were increased in last 24 hours. Rest all coins are facing the depreciation.

Even bitcoin price is standing at 2359 USD at this point. Are we moving towards a Global Crypto Currency Depression? What's causing this massive depreciation?

Most probably yes, we will observe another global crypto currency depression soon. But this won't last forever and permanent. The future of crytp currencies is still very promisin and bright, trust me.
legendary
Activity: 1512
Merit: 1012
I don't see how can you ask if we're in a "crypto depression" when the exact opposite has been happening for months. Bitcoin has risen in price quite a lot recently and even a bunch of altcoins (especially some that are very well known, or are at least the most used altcoins) had quite a reasonable increase, price and volume-wise...
full member
Activity: 382
Merit: 100
970 currencies is way too many considering 20 or less of them have any real value. I dont just mean financial value I mean the value of the unique approaches to the technology each of the various cryptos take. Almost a thousand currencies, 99% of those are rip offs, scamcoins, or otherwise valueless cryptos.
legendary
Activity: 3080
Merit: 1500
As per coinmarketcap website, we have 970 crypto currencies available at this point of time. If we sort the list by clicking on Change (24h) column, I can see that price of only 13 coins were increased in last 24 hours. Rest all coins are facing the depreciation.

Even bitcoin price is standing at 2359 USD at this point. Are we moving towards a Global Crypto Currency Depression? What's causing this massive depreciation?
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