Enthusiasts staying long isn’t enough to keep things going, mining is a raging beast that must be satisfied or people start doing double spend attacks for the lulz.
I don't believe that. Traders do trade because price action is still there. The price itself is not as important as much as the movement!
LUNC (Luna Classic) is still having 1.2bn USD futures volume on OKX, although its value should be zero. Why is this happening? Because LUNC still hasmovements from 0.000184 USD to 0.00019 USD; that's around 4%.
Traders will use this price action, and by doing this they add their own weight to the price action. Simple intermittent reinforcement.
No one has ever said this is the end of crypto every 6 months. Never happened :)
Tether is a joke but your bank also doesnt have every1s money. Oh it's FDIC insured! Yeah by the ppl who print the money. It's a solid grift, but it's also a grift.
People keep saying this, but it runs counter to the history of gambling. As long as enthusiasts have money, the game will keep going.