I have a feeling that it could get all the way up and once it passes Litecoin Charlie Lee is going to be pissed and will Tweet about it and then when it passes Bitcoin Cash Roger Ver will be pissed and will Tweet about it and then when it passes Ethereum Vatalik will be pissed and Tweet about it and then suddenly they will be talking about it on CNBC and trying to say the whole industry is looking like a big pile of scams.......etc.
The bigger it gets I guess the bigger the meltdown will be. It could be a Mt. Gox style catastrophe
It might be wise for the broader community to start exerting pressure on services like coinmarketcap.com to de-list Bitconnect, unless it can prove that a trading bot exists with audited statement by a 3rd party firm.
I would like to see that done as well but it is a tough situation for them for sure. A lot of people don't like the number they have listed for the supply of Ripple out there. There are a lot of other things people are upset with CoinMarketCap about
Also a lot of the advertisements on there have been Bitconnect, Chain Group, Laser Online, BitPetite. all these different ponzi's. but when it comes down to it they need to make money in this crypto rush as well and for a long time they couldn't command as much traffic as they are getting now.
We will see what happens in the long run but I think we are going to hear a lot more noise as Shitconnect tracks down more legit projects and passes them.
yup... the good part will be that we will take a long break and buy cheap coins. The show must go on
That is my feeling as well. I think we will at least have one more major crypto pull back with an extended nuclear winter like we had in 2015. That is when we really build our positions bigger and then when it rises again crypto could have a chance to completely take over!