Are prices about to fall off a cliff?

Stock prices are supported by something in the real world – corporate assets and earnings. Crypto prices are supported entirely by investor (speculator) confidence. I think a lot of whales and little guys have been massively burned over the last 6 months. The little guys don’t have money to put in now and have lost their nerve anyway. The institutional whales are going to be reigned in by their Boards of Directors.

I wouldn’t be surprised if prices languish where we are now for a LONG time. I also wouldn’t be surprised if 90% of cryptos go tits up in the next year, because lets face it, the world doesn’t need 3,000 cryptos, most of which do nothing useful. And I wouldn’t be surprised if BTC, ETH and the other bigger cryptos lose 80% of their current value because these are investment (or gambling) vehicles unlike any other and we’re in uncharted territory here.