Yes, but exiting to what? If you're exiting to BTC then you're not exiting at all. All you're doing is changing token. If you're exiting to fiat then that's a different matter.
anything that's a stable respite. i'd be going for assets or dollars. and when it craters you can jump back in again. that depends on whether you believe the crater is coming and it'll recover from it. i have a small feeling that none of the alts, and quite possibly btc too won't be the ones that actually get established in the world at large.
it's a shaky comparison, but virtually nothing survived the
dotcom bubble implosion. what did survive was the idea. and it came back a whole lot better.
Exactly. I have exactly the same feeling as in the end of the 90ies. Same delusional promises, same "in the future we will".... without anything much to show for, same money pooring in, "investing" at losses,... I remember all the talk of the "new economy".
Crypto has not much real world usage that is not related to crypto itself to show for. Yes, potentially innovative ideas, yes. But in practice, nothing that really gets used for real. Ok, some retailers accept bitcoin, and they say that it gives them a 1% increase in their business, at best. But essentially, the only real world usage of the stuff is dark markets.
That said, there's one thing that crypto became, and may very well stay: an ever increasing collection of virtual financial assets, on which "investors" can play in almost infinite combinations, in order to try to get money out of the pockets of their peers and in theirs. The derivatives market does the same, but is bound by some underlying, which essentially serves as the 'random number generator' of the game, to determine who wins and who loses. Crypto can do the same, but without underlying. As such, crypto could take a significant place in the financial sector, to replace or to complete, the portfolio of big financial players gambling against one another, this time without an underlying, and with the market of the gambling token itself as the random generator indicating the winners and losers. There's 10 times the world GDP in the derivatives market, so there's enough room for growth of the market cap in crypto as this ever-growing basket of gamble tokens where in the end, nobody knows what will rise and what will fall 10 seconds later.
However, for that to become successful, there cannot be a systematic order, nor a steady growth of coins: coins have to rise from low to very high one day, to drop to oblivion the next day, in totally unpredictable sequences for this market to become a truly noisy financial gambler's game. Maybe this is the "disorder" we are witnessing: the transition from an ordered "growth" of individual coins, into a random jump fest of coins coming up from deep below, and others dumped from high to deep down again.
