2014 vs 2018 - page 3. | Bitcointalksearch.org

BitHodler

legendary

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Quote from: gentlemand on October 10, 2018, 01:24:47 PM

Alts in 2017 were so empty and so insulting I don't see how they can do any more than a cursory pump until they're fully deflated. They have a long way to go before all of the hot air is gone from them.

I have seen more Bitcoiners say that throughout the years, and each time they have been proven wrong. In current environment it makes no longer any sense to think that altcoins will go away or deflate entirely.

We might not like what altcoins are doing, but there is enough space for other networks to function alongside Bitcoin. They need to figure out how to turn speculation into actual use.

Once the use starts to take over, some of the altcoins will no longer be the crap we right now think they are. In the same way, Bitcoin hasn't really gained much use throughout the last years. It's 95% speculation 5% use.

Back in the very early days it was the exact opposite. 95% usage 5% speculation. It was an actual currency.

figmentofmyass

legendary

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Quote from: WinslowIII on October 10, 2018, 05:27:43 PM

You aren't acknowledging my point about the current lack of volatility (opportunity) and how much of a GD pita it is to even be accepted to trade on todays exchanges. Ffs, most have banned US citizens. Not only that, anonymity is out the window. These are the changes I am talking about, how can crypto pump again in this horrid environment?

lack of volatility is just part of the market cycle. markets don't just bubble and crash all day every day. the vast majority of time is spent in ranging consolidation at lower volumes. this is true of all markets, not just crypto. we just had a massive 2-3 year bull market. have some patience. Wink

the regulatory environment is frustrating, but it's just creating a tiered environment. i'm a trader from the USA. i use a combination of binance and bitmex to trade altcoins without KYC, as well as decentralized exchanges

i also use GDAX for my "legit" trades since i did KYC there, and it seems like they're planning to list a bunch of new markets. i hate KYC and limit the places i'm willing to do it, but you'd be surprised at how many people don't even give it a second thought. it's also not an issue for corporate traders and firms/funds.

i really think the lull in hype and volume has everything to do with the fact that we just had a bubble last year, not the current situation with exchanges.

WinslowIII

member

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Quote from: figmentofmyass on October 10, 2018, 05:19:23 PM

Quote from: WinslowIII on October 10, 2018, 11:35:41 AM

So let's compare the hangover years after the last 2 halving pumps.

2014: the year of the alts, every week several coins would pump 10x+, some pumped 100x in a week or 2. Exchanges were free to use anonymously.

2018: Every exchange now requires users to jump through hoops with identity verification/kyc bullshit. US citizens are banned from using most exchanges.
The alt scene it completely dead, if a coin goes up by 2x over a month that is a huge deal. Trading alts to make more bitcoins is nothing but a memory.

not quite accurate. early-mid 2014 was alt season. during that time, BTC was arguably in a sideways market following the crash. by late 2014 when the bear market was in full swing, alts were a goddamn bloodbath.

alts go in cycles just like BTC---in a bullish/sideways BTC market, they can pump. when BTC is in the throws of a bear market, you should generally stay as far as possible.

Quote from: WinslowIII on October 10, 2018, 11:35:41 AM

What is the result of these differences - is it possible bitcoin will never pump again due to crypto trading action being permanently dead and trading becoming so difficult and transparent it's no longer worth playing with?

this is just the hangover period. it's a necessary part of the market cycle. just wait until the consensus is that "alts are dead" or "bitcoin will never pump again". it's when everyone has given up on the market and the hype is dead that sellers have usually dried up---everyone who plans to sell has already sold. that's when pump season can happen again.

You aren't acknowledging my point about the current lack of volatility (opportunity) and how much of a GD pita it is to even be accepted to trade on todays exchanges. Ffs, most have banned US citizens. Not only that, anonymity is out the window. These are the changes I am talking about, how can crypto pump again in this horrid environment?

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: WinslowIII on October 10, 2018, 11:35:41 AM

So let's compare the hangover years after the last 2 halving pumps.

2014: the year of the alts, every week several coins would pump 10x+, some pumped 100x in a week or 2. Exchanges were free to use anonymously.

2018: Every exchange now requires users to jump through hoops with identity verification/kyc bullshit. US citizens are banned from using most exchanges.
The alt scene it completely dead, if a coin goes up by 2x over a month that is a huge deal. Trading alts to make more bitcoins is nothing but a memory.

not quite accurate. early-mid 2014 was alt season. during that time, BTC was arguably in a sideways market following the crash. by late 2014 when the bear market was in full swing, alts were a goddamn bloodbath.

alts go in cycles just like BTC---in a bullish/sideways BTC market, they can pump. when BTC is in the throws of a bear market, you should generally stay as far as possible.

Quote from: WinslowIII on October 10, 2018, 11:35:41 AM

What is the result of these differences - is it possible bitcoin will never pump again due to crypto trading action being permanently dead and trading becoming so difficult and transparent it's no longer worth playing with?

this is just the hangover period. it's a necessary part of the market cycle. just wait until the consensus is that "alts are dead" or "bitcoin will never pump again". it's when everyone has given up on the market and the hype is dead that sellers have usually dried up---everyone who plans to sell has already sold. that's when pump season can happen again.

WinslowIII

member

Activity: 308

Merit: 35

That's a good point - investors are smarter now, so that is another reason it is much less likely to pump big again - stupid money is gone.

I see crypto:
1. not fun anymore
2. not exciting anymore
3. looking like the only winners anytime soon (or possibly ever will be from here) are people who got in over a year ago and no opportunities to make up for that with trading since volatility is out the window

Someone say something optimistic

TravelMug

hero member

Activity: 2632

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Quote from: WinslowIII on October 10, 2018, 11:35:41 AM

So let's compare the hangover years after the last 2 halving pumps.

2014: the year of the alts, every week several coins would pump 10x+, some pumped 100x in a week or 2. Exchanges were free to use anonymously.

2018: Every exchange now requires users to jump through hoops with identity verification/kyc bullshit. US citizens are banned from using most exchanges.
The alt scene it completely dead, if a coin goes up by 2x over a month that is a huge deal. Trading alts to make more bitcoins is nothing but a memory.

What is the result of these differences - is it possible bitcoin will never pump again due to crypto trading action being permanently dead and trading becoming so difficult and transparent it's no longer worth playing with?

You also forgot one factor, there's are less trading platform in 2014, majority are playing in Mt. Gox. But it was hacked, the landscape change that's why it went dry from 2013-2014.

In 2018, there's a lot of regulations due to the 2017 hype, well alts went dead because of the same thing that brought it to life, ICO. A lot turns out to be scam, plus majority of projects that holds Ethereum dumps their reserves to liquidate in order for the project to maintain its business.

And then there's this thing, investors are getting smarter as well. They wouldn't normally just throw their money in the bear market. They decided to wait for good news before jumping again.

WinslowIII

member

Activity: 308

Merit: 35

Quote from: gentlemand on October 10, 2018, 01:24:47 PM

Quote from: WinslowIII on October 10, 2018, 11:35:41 AM

What is the result of these differences - is it possible bitcoin will never pump again due to crypto trading action being permanently dead and trading becoming so difficult and transparent it's no longer worth playing with?

The number of people involved in 2017, and in those ye olden times there was just as much 'bullshit' as today, was vastly higher than 2013. Looks like they're happy enough with things as they are.

It's always easy to think things will never improve when they're dead, flat or sideways. Then it seems painfully obvious in retrospect that excitement was due.

Alts in 2017 were so empty and so insulting I don't see how they can do any more than a cursory pump until they're fully deflated. They have a long way to go before all of the hot air is gone from them. In 2014 they were still tiny and didn't have to justify their valuations. They were toys. Now they're a daily reminder of how stupid people are.

But back then, there were many opportunities to make a lot of money or make your bitcoin holding grow exponentially by playing with the shitcoin pumps. Now, this opportunity seems gone forever due to the super high valuations of the top 100 coins, the lack of new coins/icos and all this stupid kyc garbage at every exchange. So basically, the only way for new people to enter (or old people to grow their crypto holdings) is by buying large mkt cap coins with fiat. My question is what made crypto great seems to have been taken away - anonymity and volatility. What's really the point vs just playing the stock market now? are we down to the only hope being mainstream adoption? if that's the case I don't really see another pump anytime soon, possibly never, since the speculation factor seems gone. Actual adoption has never done anything for crypto prices, the mere speculation that it would in the future is the only thing that has driven prices.

gentlemand

legendary

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Welt Am Draht

Quote from: WinslowIII on October 10, 2018, 11:35:41 AM

What is the result of these differences - is it possible bitcoin will never pump again due to crypto trading action being permanently dead and trading becoming so difficult and transparent it's no longer worth playing with?

The number of people involved in 2017, and in those ye olden times there was just as much 'bullshit' as today, was vastly higher than 2013. Looks like they're happy enough with things as they are.

It's always easy to think things will never improve when they're dead, flat or sideways. Then it seems painfully obvious in retrospect that excitement was due.

Alts in 2017 were so empty and so insulting I don't see how they can do any more than a cursory pump until they're fully deflated. They have a long way to go before all of the hot air is gone from them. In 2014 they were still tiny and didn't have to justify their valuations. They were toys. Now they're a daily reminder of how stupid people are.

reflector

sr. member

Activity: 826

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Quote from: WinslowIII on October 10, 2018, 11:35:41 AM

So let's compare the hangover years after the last 2 halving pumps.

2014: the year of the alts, every week several coins would pump 10x+, some pumped 100x in a week or 2. Exchanges were free to use anonymously.

2018: Every exchange now requires users to jump through hoops with identity verification/kyc bullshit. US citizens are banned from using most exchanges.
The alt scene it completely dead, if a coin goes up by 2x over a month that is a huge deal. Trading alts to make more bitcoins is nothing but a memory.

What is the result of these differences - is it possible bitcoin will never pump again due to crypto trading action being permanently dead and trading becoming so difficult and transparent it's no longer worth playing with?

Trading is the only hope of crypto hype but current situation most of the investors are panic in crypto investment. So we need some legalisation or crypto adoption because peoples are believe the government or private industries so they adopt the Bitcoin or altcoin surely it will going to moon. I think we don't consider the past and present status of crypto because already it will make big impact of crypto in entire world so we need more crypto hunters in this situation.

thecodebear

hero member

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There is no reason Bitcoin would die. Maybe it means the shit altcoin market will die as the market matures (though I doubt it). Right now it is better to compare to 2015. 2015 was when the last cycle hit the bottom of the market and hung out there ($200-$300) for a bunch of months. We seem to already be out of the bear market (2014) and we are now in the low volatility not much happening phase between before the next bull market kicks up in the coming months. Granted in 2015 there were probably plenty of alts bouncing around as well.

But while volatility in the alt market was up back then as compared to now, remember the size of the alt market was absolutely microscopic compare to how large it is now. The altcoin market (or just non-bitcoin market if you consider ETH not an altcoin) is $100 billion. Back in 2014/2015 the altcoin market was less than a billion! The altcoin market is literally 100 - 200 times larger now than it was back then, so yea of course it is going to be less volatile now. It's still full of mostly shit but now it takes a lot more money to move that shit around.

WinslowIII

member

Activity: 308

Merit: 35

So let's compare the hangover years after the last 2 halving pumps.

2014: the year of the alts, every week several coins would pump 10x+, some pumped 100x in a week or 2. Exchanges were free to use anonymously.

2018: Every exchange now requires users to jump through hoops with identity verification/kyc bullshit. US citizens are banned from using most exchanges.
The alt scene it completely dead, if a coin goes up by 2x over a month that is a huge deal. Trading alts to make more bitcoins is nothing but a memory.

What is the result of these differences - is it possible bitcoin will never pump again due to crypto trading action being permanently dead and trading becoming so difficult and transparent it's no longer worth playing with?

Topic: 2014 vs 2018 - page 3. (Read 843 times)