Topic: Which services do you expect to die during crypto winter? - page 2. (Read 518 times)

there's been a plethora of small, new exchanges launched over the past year---both centralized and hybrid decentralized. i imagine a long term low volume lull will shake a lot of them out of the market. some will be tempted to exit scam, no doubt.


i think we've already seen the bulk of these campaigns (at least the BTC-paid ones) fade away, so i don't expect much to change from here on out. i'm sure when a bull market eventually emerges, they'll ramp back up again.

I can't wait for cloud mining to be eradicated as much as realistically is possible. Instead of people buying garbage with next to no sight on ROI months later, they should have bought their crypto currencies directly. If you look back, buying crypto has always greatly outperformed any sort of mining adventure.

I honestly believe that the worst for the cloud mining industry isn't going to present itself during the current bear market, but when the block halving kicks in, which instantly will translate into servives shutting down because it's no longer viable to pay out. In this case even if it concerns scam services, they have a legit and provable reason to pay people 50% less.

My guess: those small to mid sized services in general that uses bitcoin or other cryptocurrencies. I personally think price has somewhat some correlation to usage. People tend to spend and use their bitcoin if the prices are higher. At some point, those small-mid sized services would be at a point that they're either at a loss, or the small profit they're earning isn't worth it anymore.

One thing that comes to mind for me is likely signature campaigns. The number of signature campaigns that were going during the peak of the cryptocurrency craze last year was exceptionally high, and things have mostly settled down to the point that only well-established services are still keeping their signature campaigns open, as I expect revenue for most crypto-based services has gone down quite a bit since then and it's not worth still paying people to post with decreased revenue.

I think gambling will continue to do okay through the upcoming nuclear winter. Many people still do value their privacy, and cryptocurrency allows people to quickly gamble anonymously and relatively rapidly. I don't see many casinos going under in the near future as I recall many casinos like Fortunejack were still operating in the period of price stagnation from 2014 to about 2016, but I can't see the revenue for a cryptocurrency casino going up anytime soon with the markets where they are currently.

Cloudmining services will likely begin to go belly up very quickly with mining revenue dropping massively, even though the difficulty on coins like BTC is dropping pretty heavily as of lately. We've already seen several services cancel contracts due to negative profitability recently, and if prices don't recover, I don't forsee many cloudmining services surviving. Not a bad thing IMO, as I personally oppose cloudmining services as a whole.

With this current market condition there's no doubt that most of businesses had been affected when it comes to profitability but it wont really comes to a point
where it would really die. Gambling businesses would be still there yet most gamblers will just always depend on usd value, trading platforms do still continue to its business  and talking with mining it might
not be already profitable but there are still who do retain themselves into the industry.

Hopefully at some point relatively soon we'll have scraped the bottom price wise. For exchanges and so on that's good news as a moving price makes money even if it's on its way down.

What's likely to happen afterwards will be month after month of nothingness. Most people will be gone. Price will have a barely detectable pulse. Many fewer will want to spend or trade. Anybody whose income comes from fees will find they ain't getting any.

Which services do you think will weather this and which will croak?