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I think it'll be more of an old fashioned speculative bubble burst.

The smart money will start taking profits by selling their coin, as the price goes down those that bought the high will lose their nerve and sell to stem their losses. Then the rest will start selling shortly after. Eventually there'll be nobody willing to buy at any price, it'll be worthless.

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If that occurs, that’s your long term buy signal, right at the moment when it seems like nobody wants it anymore from having fallen so far and hard.

I think you are making a mistake by only looking at cryptos as "coins". There are businesses being run on and around cryptocurrencies and the cryptoeconomics of the blockchain are intended to ensure the perpetuation of the network.

As long as there is value in maintaining public blockchains, their tokens (BTC, BCH, ETH, etc) will hold monetary value.

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