How soon will virtual coins collapse? Strictly speaking, this is a pseudo-proposition, because not all virtual coin projects crash. Bitcoin is a virtual coin, right, and it hasn’t crashed in 11 years. Ether is a virtual coin, right, and now it’s getting hotter and hotter. Ripple is a virtual coin, right, and now it has started cooperating with many banks.
So, not every virtual coin will collapse. But if you look at this from a historical perspective, from the dimension of the last thousand years, it’s a big deal. Every person will die, every dynasty will perish, every profession will disappear, every great man, will be forgotten.
Let’s not look at the problem from a historical and philosophical perspective today, but from reality alone. How soon will virtual coins collapse? To be precise, how soon will the virtual coins of junk collapse?
There are actually two concepts of a crash: going to zero and running away. These two concepts sometimes mean the same thing, and sometimes they are different.
First, let’s examine the first concept: zeroing out. The so-called zeroing out means that the price of a certain virtual coin is 0. If you put it in the stock market, it means delisting, or the company goes bankrupt. To put it simply, a virtual coin project, which developed well in the early stage, was traded on the exchange, and the price once reached $10 a piece. But later on, the project owner does not give a good development, or just quit, then the coin is worthless. No one wants to buy this virtual coin, and its price goes to zero. At this point, the 10 coins you bought for 100 dollars at the time become worthless. We generally call such coins, called zeroed coins.
Let’s look at the second concept: runaway. In our project counterfeit section, there are some fraudulent projects under the banner of blockchain, but in fact there is no blockchain technology, which we commonly call capital markets. These capital markets will also launch some virtual coins, but this virtual coin cannot be listed on the exchange, and can only be traded privately. If one day the project owner finds that he has accumulated enough money, he will donate and run away. At this point, the coins in your hand are equally worthless. The software you downloaded is no longer updated, and customer service cannot be contacted. At this time we can also say that the project or virtual coin that has died, collapsed.
Pretty much a crash is one of these two scenarios, so how long does it take to crash? Some virtual coins crash quickly, from the start of the online to the crash in a few months. But there are also some projects like GEC Eco-coin that have survived for three or four years without crashing. But don’t get lucky, even if a project like GEC Eco-coin survives for a long time, it doesn’t change its attributes as a pyramid scheme coin, and it’s only a matter of time before it collapses.
So I hope you don’t play with cottage coins!
