Cryptocurrency Challenges "Cryptocrash"

[engine]

The last few weeks have seen even more challenging trading conditions for cryptocurrencies. Some are holding up better than others, such as Bitcoin, but they've all taken a a slide.
"The term "cryptocrash" has been trending on Twitter and Google Search. "

[bbc.co.uk...]

[IanTurner]

The crypto currencies are still very new and as such the markets in them haven't stabilised yet. There are new currencies popping up left right and center all trying to become an 'established' currency. Many of them have serious financial or governmental backing or are attempting to garner such at the moment.

I think that there is probably a place for a few crypto currencies to become established (Bitcoin and Ethereum are two of the current leading candidates) many will have to be discarded and forgotten, what we are going through with this crypto crash is just part of that weeding out process.

[ronin]

When did the web start? August 1991.

Approximately 10 years before the dotcom crash.

When did cryptocurrency start?

Bitcoin itself started in 2008-09, which is definitely more than a decade ago.

But the first altcoin, Litecoin, was forked from the Bitcoin blockchain in 2011.

That's 11 years ago.

So... if a parallel trend may be drawn (and I'm not sure it can, but let's go with it, for now), then maybe this is the equivalent of August 2000 and we're looking at Pets.com?

If I might extend the (tenuous) analogy, just wait until the cryptocurrency equivalents of AJAX, JSON, jQuery and (eventually) V8 are invented / discovered in the mid-2020s.