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I don't see a complete crash happening again, unless it is along with the rest of the world's economies during some great catastrophe.

At this point gaming has transcended its humble roots, and it's now sufficiently mainstream to stick around. We'll see it continue to evolve and it may even contract at times, but I'm skeptical that another industry-threatening crash like in '77 and '83 will happen. Heck, it's become a threat to television and the movie industry, siphoning money away from them... In regards to money the video game industry is stronger than ever.