Wow you have really compelling arguments as to why crypto isn't collapsing! Thanks you for you insight

Please don't reply to a bad comment with another bad one.

https://news.ycombinator.com/newsguidelines.html

Let's see your argument for it collapsing. It's been very volatile sure, but you'd still get insane gains if you invested just last year.

BTC has gone up 45% in the past year. 1015% in 2 years.

source: https://cryptowat.ch/

Collapsing.

The cost to settle a transaction is prohibitively high on GPUs, so is mining. Crypto might be fine with ASICs after this downward movement, perhaps, but GPUs are quickly going out of the loop due to cost/performance ratio.

I never said it was collapsing.

I suppose it’s collapsing up since 2009?