“It was good until it lasted,” we could say for crypto-fiver that was going on mainly in 2017. Nobody knew at the time if Bitcoin, Ethereum and other coins were about to go mainstream – or everything was just a spike.
It turned out that the crypto market acted as a Ponzi scheme: as long as people invested in coins, it went up. When people withdrew their money, coins went down. Very much so.
If we looked at the price of the biggest crypto coins right now, we would notice a big dump. The question of the day is, “If this wasn’t a Ponzi scheme, why every coin is down? Why coins don’t perform more like stocks – hold value as long as the project is healthy, profitable, and is going on according to the roadmap?”