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ITT we predict HOW the crypto bubble pops
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Date: June 21st, 2017 11:39 PM Author: Salmon theatre water buffalo I think it'll be a big hack, followed by a huge sell-off. The exchanges will freeze everything, and whenever they allow trading prices will plummet until they reach 2016 levels. (http://www.autoadmit.com/thread.php?thread_id=3654803&forum_id=2#33614782) |
Date: June 21st, 2017 11:43 PM Author: boyish chrome ceo piazza Tezos ICO raises over a billion and draws unprecedented national attention to crypto.
Something happens and some ICO people get fucked.
The SEC steps in shortly after and cracks down.
The exchanges being SPS only exasperates the crash. |
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Date: June 21st, 2017 11:52 PM Author: Salmon theatre water buffalo I think regulators stepping in is a close, close second. I think a distant third is financial institutions announcing that they'll implement blockchain, but with their own proprietary coin. (http://www.autoadmit.com/thread.php?thread_id=3654803&forum_id=2#33614847) |
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Date: June 22nd, 2017 12:01 AM Author: boyish chrome ceo piazza I think your OP has already happened with Mt. Gox and won't be repeated.
Small hacks sure, but nothing as widespread as that. |
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Date: June 22nd, 2017 12:23 AM Author: Salmon theatre water buffalo We'll see. I think something on the scale of Mt. Gox happening again would scare off all the new "investors" who weren't around and paying attention when the original hack occured (http://www.autoadmit.com/thread.php?thread_id=3654803&forum_id=2#33615020) |
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Date: June 22nd, 2017 12:25 AM Author: boyish chrome ceo piazza Oh, I definitely agree. I just think it's extremely unlikely to occur.
Mt. Gox occurred in a time when people didn't really give a shit about information security. Now it's generally taken pretty seriously. 2FA is everywhere, as is Google Authenticator.
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Date: June 22nd, 2017 12:28 AM Author: Salmon theatre water buffalo Fair enough-- honestly I'm surprised more individuals don't get hacked (http://www.autoadmit.com/thread.php?thread_id=3654803&forum_id=2#33615044) |
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Date: June 22nd, 2017 12:31 AM Author: boyish chrome ceo piazza So am I.
Although I did receive an email from the authy app saying Coinbase has had a ton of hackers spoofing numbers to bypass the 2FA, so the app disabled multiple device support for everybody as a precaution. You could turn it on again by going into the options.
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Date: June 21st, 2017 11:44 PM Author: exciting azure place of business sanctuary In my ass. (http://www.autoadmit.com/thread.php?thread_id=3654803&forum_id=2#33614804) |
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Date: June 22nd, 2017 12:09 AM Author: aphrodisiac doctorate i think it may happen spontaneously and without any apparent trigger (http://www.autoadmit.com/thread.php?thread_id=3654803&forum_id=2#33614936) |
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Date: June 22nd, 2017 12:20 AM Author: boyish chrome ceo piazza This is probably the most likely outcome, given how that seems to be the pattern it's been following all along. (http://www.autoadmit.com/thread.php?thread_id=3654803&forum_id=2#33615005) |
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Date: May 10th, 2022 2:55 AM Author: Fiercely-loyal swashbuckling orchestra pit (http://www.autoadmit.com/thread.php?thread_id=3654803&forum_id=2#44484678) |