I think crypto currency market will never survive due to several reasons. I will not go into technical depth, you all knows what I am saying, so its better to get out from this before too late.
1- Crypto not a decentralised its truely Centralised by big whales and manipulated, controlling prices according to theirs mutual benefits.
EDIT: 11-08-2018
2- Golden period of crypto has been over. Its declining to an end, I must say "Bigning of the END".
Big whales controlling and manipulated this crypto market. They are always in win win situation, and people like us don't understand their tricks. We can't even imagine what is going on behind the scene but just making us fool. They are "MAFIA" or we can call them "GODFATHER" of cryptocurrency.
3- "John McAfee" factor, people like John McAfee is one of the reasons, that put crypto market in a situation which leads to an END.
You will see this in coming weeks.
"THE GAME IS OVER"
There is already a panic effect in the market today, and many players who hold coins have begun to sell coins insanely because they are afraid of such a downward trend!
I think topic starter is not far from true. Today we get situation that not planned at the beginnings. Idea was to change fiat on the crypto without unrestrained emission. But today I see another speculation mechanism for money pumping out. Where is decentarlization? Nobody cares. Where is independent money? Nobody cares. Profit only in fiat and nothing more. Today's crypto is too close to death!n
This market is controlled by a group of people who have a lot of money, I think Crypto has become a place to trap novice investors, I think the crypto business will end soon, because everyone will realize the cheating of the popes, I hope these whales will drop each other .
Surely it won't be dead just because of the continuous dumps. It is indeed scary to see how the market behaves at this moment but since it do sometimes show green marks, possible comeback should be expected. Patience should just be prioritized right now in order to avoid hasty actions which would more likelu result to loss of profit if an investor won't think of the possible outcome.