Market bubbles are everywhere. Crypto could be one of them. When not adding value such as in real services around the coins, they will at some point burst. Those who manage to create real services arround it will have a chance to survive. If those coins are currently overvalued, that is the question. I agree that when no real services are added, Crypto-land is in a bubble, since most coins do not havr any value ie services that make use of the coin.
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Yes I agree and that is the point I am making - I think we were misunderstanding each other before.
Those projects that have a sound basis will likely survive but it may lead to tough times and some may not make it.
Even some good web companies were destroyed during the post dotcom bubble era because of the overall contraction in the market that was a direct reaction to it.
Agree! Crypto will have to consolidate. Nobody in the world will want to end up with 10s to 100s of different payment coins; contract coins; loyalty coins and what not. It is either consolidation by integration or bankrupty/implossion of many coins out in the market. Those who make it, who survive are those with bridges build to the normal world since the normal world will still be dominant for a considerable time :)
Yes agreed.