People are asking me how low crypto will go. The pain is very real and at the end of the day as with any market the coins are only worth what someone is willing to pay for them or what you are willing to pay for them. 95% of crypto is speculation. Despite having utility even the coins that would seem to be poised the best haven't done well in this market. Steem for instance has dropped over 96% of its value when back when it had 100% inflation it lost 98%. You would have thought it would have been more insulated than that.
Another interesting fact is that at the beginning of 2017 Litecoin was worth $4. Does it work any better now? Actually...... Yeah.... they got the fees down on it. It also got added to Coinbase and Gemini since then as well. How low will it go? I'm not sure. I will let you know how low it goes in 6 months.
