A throwback to crypto trends that happened in 2021

TreyARC

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Quote from: martha1 on March 13, 2022, 05:04:05 PM

Quote from: Pterosaur on February 07, 2022, 10:34:28 AM

Shiba changed many people's life in 2021, it's indeed a year that will never be forgotten, with just 100$ investment in shiba inu many made 800$ to even 5000$ or more, it was a good experience as many who doesn't even know much about crypto fomo'd in just to try their lucks and they are well paid, crypto future looks brighter than ever no doubt.

And then it changed that 5000$ investment back into 10$ haha

The funny thing is people still hold their bags hoping for another Elon musk tweet to save them .

Lol shit happens when you expect coins to keep surging without taking any profits, it's greediness.

Pterosaur

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Quote from: martha1 on March 13, 2022, 05:04:05 PM

Quote from: Pterosaur on February 07, 2022, 10:34:28 AM

Shiba changed many people's life in 2021, it's indeed a year that will never be forgotten, with just 100$ investment in shiba inu many made 800$ to even 5000$ or more, it was a good experience as many who doesn't even know much about crypto fomo'd in just to try their lucks and they are well paid, crypto future looks brighter than ever no doubt.

And then it changed that 5000$ investment back into 10$ haha

The funny thing is people still hold their bags hoping for another Elon musk tweet to save them.

That happened to greedy people only, I as a person took my profit and now I'm still accumulating Shiba little by little, let's say 1$ to 2$ worth of Shiba inu every day, whatever happens, it won't hurt.

Not just shiba inu you are expected to take profit when any coin surge high in value, this is the way.

martha1

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Quote from: Pterosaur on February 07, 2022, 10:34:28 AM

Shiba changed many people's life in 2021, it's indeed a year that will never be forgotten, with just 100$ investment in shiba inu many made 800$ to even 5000$ or more, it was a good experience as many who doesn't even know much about crypto fomo'd in just to try their lucks and they are well paid, crypto future looks brighter than ever no doubt.

And then it changed that 5000$ investment back into 10$ haha

The funny thing is people still hold their bags hoping for another Elon musk tweet to save them .

Yamifoud

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Quote from: hugeblack on March 13, 2022, 11:43:29 AM

2021 was a great year and too many people learn about bitcoin/

That even looks very bullish compared to that last 2017 Bullrun. People had learned in a way that we can't really expect the market turns like that, some miss the chance by selling their coins too early. The price of Bitcoin last year it really memorable to us. Well, until now, the market remains healthy and I think we can never see it going back to $20k again.

Even we never hit $100k but totally it was a great year for crypto ever. Of course, we can still hope for it will reach $100k someday, that really happens as the demand and market adoption keep growing as per to see.

https://bitcoinmagazine.com/markets/bitcoin-2017-vs-2021-how-this-bull-run-is-different

sunsilk

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Don't forget the last and latest ATH that bitcoin made and that's from that year.

Many get to learn about cryptocurrencies because of the hype that Elon has set for meme coins. At the same time, for the NFT games that has a feature of P2E.

It really became trendy and many people got hyped on it. Even until now, there's still a lot of players and investors on it.

hugeblack

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The only thing that was missing that year was to break the top of 100k dollars, although we got very close to that, but the price needed a lot of push to reach that top.
You can add Tesla adoption to Bitcoin and buy it.
In general, analyzes still confirm that this year may be exceptional according to historical data, so we only have to wait to see what happens.

2021 was a great year and too many people learn about bitcoin/

Daodex

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Shiba already did the impossible so we should not expect another huge rally like that ever again, I'm not saying it's not possible to make money out of shiba inu but that's going to be little gains even if you hold, you need to look out for coins that haven't surge insanely like shiba that's the way to success.

bittraffic

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Quote from: Maus0728 on March 13, 2022, 08:26:37 AM

Quote from: ice18 on March 13, 2022, 12:23:20 AM

NFT really plays a big part in crypto last 2021, imagine even a rock was sold worth $1.7m in eth, that is too much for a nonsense JPEG of a rock

Not anymore, this guy accidentally sold his NFT ether rock for 444 wei instead of 444 Ethereum[1] which is approximately worth over $1M. Imagine losing your entire net worth simply because of human mistake Huh

.

This is not the first time I see this kind of incident in NFT marketplace though, but I think that it needs some fixing or a warning that the user is entering such as very small amount of price relative to their asset.

[1] https://twitter.com/dino_dealer/status/1501802006364635139?s=20&t=mpLgcwNtwPasLjzQnRQsOg

What a disaster, it all just vanish with just a mistake. Shit happens and it's kind of like the guy with fat fingers. So many NFTs were sold overvalued though, those users who impulsively bought them probably regret already spending that much while not seeing the incoming recession today.

Defi projects were booming in 2021, I didn't think it would come to this that token project that was worth $600 at their peak will drop too a hundred, feels like 2018 once again.

pawanjain

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Nothing lasts forever

It was indeed a terrific year for crypto in 2021. Out of all the things you have provided in your list I remember Elong Musk, doge coin, El Salvador and NFTs.
Elon Musk had manipulated bitcoin very well which lead to huge pump and dump of price in bitcoin.
Not to forget how he promoted as well as manipulated Dogecoin as well. He must have really become a pro at manipulation by now Grin

The most favorite part of 2021 was El Salvador accepting bitcoin as a legal tender. My happiness was at peak at that point of time.
NFTs were the real buzz last year. It made me remind of the ICO era. Just the same shit in a different style.

Maus0728

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Quote from: ice18 on March 13, 2022, 12:23:20 AM

NFT really plays a big part in crypto last 2021, imagine even a rock was sold worth $1.7m in eth, that is too much for a nonsense JPEG of a rock

Not anymore, this guy accidentally sold his NFT ether rock for 444 wei instead of 444 Ethereum[1] which is approximately worth over $1M. Imagine losing your entire net worth simply because of human mistake Huh

.

This is not the first time I see this kind of incident in NFT marketplace though, but I think that it needs some fixing or a warning that the user is entering such as very small amount of price relative to their asset.

[1] https://twitter.com/dino_dealer/status/1501802006364635139?s=20&t=mpLgcwNtwPasLjzQnRQsOg

ice18

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NFT really plays a big part in crypto last 2021, imagine even a rock was sold worth $1.7m in eth, that is too much for a nonsense JPEG of a rock and this year a young student in Indonesia became a millionaire also from a picture of his face lol.

pooya87

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Quote from: TreyARC on February 07, 2022, 04:01:09 AM

3. NFTs came into play big time, sold for millions of dollars I can't help it but make mention of fine Arts in major auction houses, digital lands, in game assets surge in value too.

And millions of dollars were laundered this way.

Quote

6. Taproot was introduced, a new upgrade to bitcoin since the last upgrade in 2017 came into play, this opens door for BTC smart contracts.

Wrong. Bitcoin always had smart contracts from the beginning. Taproot made some modifications to how they are evaluated and introduced some new OP codes.

mk4

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Quote from: Pterosaur on February 07, 2022, 10:34:28 AM

Shiba changed many people's life in 2021, it's indeed a year that will never be forgotten, with just 100$ investment in shiba inu many made 800$ to even 5000$ or more, it was a good experience as many who doesn't even know much about crypto fomo'd in just to try their lucks and they are well paid, crypto future looks brighter than ever no doubt.

I think crypto's future looks bright as well but are you really going to make that conclusion based on the $SHIB pump and dump? If anything that fiasco should make you bearish as hell.

And yea, easy to look at the ones who made money by selling at the top, but you're forgetting the ones that got stuck in their buy position.

TreyARC

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The next thing that will happen is crypto winter which is also inevitable, it's going to take a longer time to see another good year like 2021 again, they say what goes up must come down there will always be retracement and corrections.

Trojane

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That's true though, 2021 really brought fortune to alot and it also made out the realization of the crypto's future. I wasn't a part of the benefit though but I'm still happy for each and everyone that benefitted from it.
In most African, crypto really enrich alot that were jobless and really needed something to do that could fetch them some cash since many countries over there were just reviving from the negative influx that the covid19 pandemic made on every country's economy. A good innovation was made to come through to influence alot positively

TreyARC

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Bump!

Pterosaur

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Shiba changed many people's life in 2021, it's indeed a year that will never be forgotten, with just 100$ investment in shiba inu many made 800$ to even 5000$ or more, it was a good experience as many who doesn't even know much about crypto fomo'd in just to try their lucks and they are well paid, crypto future looks brighter than ever no doubt.

crypto-project

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2021 has been a good year for the crypto market.

In that year we can see that several trends make the crypto market develop such as DeFi and NFT.

Hopefully in the future positive trends like this will continue to occur in the crypto market.

Charles-Tim

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Quote from: TreyARC on February 07, 2022, 04:01:09 AM

4. Elon Musk contributed alot on Dogecoin which makes this meme coin reached a new All Time High.

A manipulator that first drew the attention of people when he bought Bitcoin and also made Tesla to accept bitcoin, not knowing he was only doing it for Doge. Later, he said what he knew before that bitcoin uses more energy that only coin that uses 1% of the energy bitcoin is using will be the coin Tesla will accept. I was not surprised to see Tesla accepted only Doge for payment now while there are other coins that uses less energy.

This may interest you about the false information people are claiming about bitcoin mining energy usage and carbon emission:

The bitcoin mining network, energy and carbon impact

Quote from: TreyARC on February 07, 2022, 04:01:09 AM

5. El Salvador came up with a new law to adopt bitcoin as legal tender.

A good move by El Salvador, if a country wants to use crypto, bitcoin remain the most decentralized.

Quote from: TreyARC on February 07, 2022, 04:01:09 AM

6. Taproot was introduced, a new upgrade to bitcoin since the last upgrade in 2017 came into play, this opens door for BTC smart contracts.

To be more specific, it makes atomic swap possible, but that is not all, key aggregation making low fee possible if compared to other multisig payment, indistinguishable transaction on blockchain, also helps two people that opens a channel on lightning network to provide a single signature for closing channel, fee will be low in many cases while using it. Can make recovery process easier as N keys can be backup and only require M for recovery in M-of-N setup.

TreyARC

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I'm sure that 2021 was a beautiful year for many crypto investors, traders and even crypto newbies, 2021 brings lots of fruitful opportunities to the masses so I can't help it but to have this talk about once again on this forum, I hope that 2022 will be outstanding as time goes on..

1. In 2021 crypto market surpassed 3 trillion in value.
2. Meme coins like doge coins and others surged in massive popularity.
3. NFTs came into play big time, sold for millions of dollars I can't help it but make mention of fine Arts in major auction houses, digital lands, in game assets surge in value too.
4. Elon Musk contributed alot on Dogecoin which makes this meme coin reached a new All Time High.
5. El Salvador came up with a new law to adopt bitcoin as legal tender.
6. Taproot was introduced, a new upgrade to bitcoin since the last upgrade in 2017 came into play, this opens door for BTC smart contracts.
7. DAO caught the attention of Mainstream media.

I know the list goes on, if you have anything to add do not hesitate to drop yours.

Topic: A throwback to crypto trends that happened in 2021 (Read 245 times)