Topic: Are altcoins in a bubble? - page 2. (Read 1864 times)
Yes, it's bubble everyday
Yep, I think they're in a bubble, but they're still rising in actual value (overall).
That's the bit that sucks... by the time you know whether it's legit and feel like you should go all-in, it's usually too late. I was going to buy about £500 worth of Dash at $12 but decided to sit things out. The price started rising, but I kept sitting things out because it looked too steep to me... it HAD to drop. But it didn't. And just kept going. Now it's at $90+ dollars and I've still got mixed feelings because I don't want to be the greater fool. But I do understand that it could potentially keep going up. I've decided to diversify smaller (in market cap) but promising alts for now and not rush into things so I don't get burned (I'll likely see greater % rises elsewhere, too, now that the Dash train has left... but I'll buy if the bubble pops because we've now seen where it can go).
But I digress... I agree that just because something rockets up doesn't necessarily mean it's coming down. It TENDS to, but like AusKipper said, there are examples like Facebook. Dash has also been very good with their advertising... much moreso than Bitcoin (which has only really received indirect advertising through the news, and most people don't have a clue how it works. Dash's advertising actually explains everything in a way that doesn't chase people away).
Many are though, and the recent upshot of Dash etc could well be a bubble, but it could be awareness. I dont know which it is.
That's the bit that sucks... by the time you know whether it's legit and feel like you should go all-in, it's usually too late. I was going to buy about £500 worth of Dash at $12 but decided to sit things out. The price started rising, but I kept sitting things out because it looked too steep to me... it HAD to drop. But it didn't. And just kept going. Now it's at $90+ dollars and I've still got mixed feelings because I don't want to be the greater fool. But I do understand that it could potentially keep going up. I've decided to diversify smaller (in market cap) but promising alts for now and not rush into things so I don't get burned (I'll likely see greater % rises elsewhere, too, now that the Dash train has left... but I'll buy if the bubble pops because we've now seen where it can go).
But I digress... I agree that just because something rockets up doesn't necessarily mean it's coming down. It TENDS to, but like AusKipper said, there are examples like Facebook. Dash has also been very good with their advertising... much moreso than Bitcoin (which has only really received indirect advertising through the news, and most people don't have a clue how it works. Dash's advertising actually explains everything in a way that doesn't chase people away).
yea imma need ethereum to go back under 20 when this pump is all said n done k thanks.
Title says all. Personally I vote bubble. Anything that increases 1000x is too good to be true IMO.
I disagree when talking about things that the general public has little awareness of.
How much was Facebook worth when it was a few guys in a dorm room and noone had heard of it? $3000? maybe?
How much is it worth now?
When its estimated worth went from $3000 to a billion dollars was it in a bubble? its market cap is now 400 billion.
My point is big things start small, not all price rises are bubbles.
Many are though, and the recent upshot of Dash etc could well be a bubble, but it could be awareness. I dont know which it is.
ha crypto adoption is like 0.00000000001% so yes these can go WAY higher or crash nobody can really know which way it will go.
I think it will keep happening in cycles....hopefully the bull is just getting started.
I think it will keep happening in cycles....hopefully the bull is just getting started.
Minor exaggeration but I think a valid point.
The thing to remember with virtually the ENTIRE crypto currency space is that it is very small with very low market penetration and awareness.
The top 20 stock exchanges in the world add up to roughly 55,530 billion, the top 650ish crypto currencies on coinmarketcap.com add up to 25.4 billion.
The returns on a number of these coins has been very significant. The return for Bitcoin for 2016 would have been over 130%. By comparison the return on US stocks was roughly 13-15% average (from what I could find).
The 12 month return on Dash (from now to 12 months ago) is currently 1600%
If the price of stocks, or housing or gold suddenly shoots up for no real reason you can safely call it a bubble because of how well those assets are known by the investing public. When people think "where should I invest my money" they think of those things. This is not the case with cryptos.
I think we could easily see MASSIVE price gains in cryptos without them being in a "bubble" simply as a result of increased awareness and investor education/interest.
All it would take is 0.045% (ie, nothing) of the current investment in the top 20 stock markets to flow into crypto and the whole space doubles in market cap.
Put another way, if 1% of the money currently invested in stocks was to flow into crypto the prices would go up more than 20x on average.
All it will take is a few of the right people to notice the crypto space and the prices could explode WITHOUT it being a bubble.
The top 20 stock exchanges in the world add up to roughly 55,530 billion, the top 650ish crypto currencies on coinmarketcap.com add up to 25.4 billion.
The returns on a number of these coins has been very significant. The return for Bitcoin for 2016 would have been over 130%. By comparison the return on US stocks was roughly 13-15% average (from what I could find).
The 12 month return on Dash (from now to 12 months ago) is currently 1600%
If the price of stocks, or housing or gold suddenly shoots up for no real reason you can safely call it a bubble because of how well those assets are known by the investing public. When people think "where should I invest my money" they think of those things. This is not the case with cryptos.
I think we could easily see MASSIVE price gains in cryptos without them being in a "bubble" simply as a result of increased awareness and investor education/interest.
All it would take is 0.045% (ie, nothing) of the current investment in the top 20 stock markets to flow into crypto and the whole space doubles in market cap.
Put another way, if 1% of the money currently invested in stocks was to flow into crypto the prices would go up more than 20x on average.
All it will take is a few of the right people to notice the crypto space and the prices could explode WITHOUT it being a bubble.
Well, depends on your own perception tho, different people tend to have different view on different object.
IMO, altcoins are bubble and also are not bubble
IMO, altcoins are bubble and also are not bubble
For me they are just a bubble and will hurt a lot of speculators. Any of the altcoins that don’t offer some kind of new advantage over Bitcoin will really have a hard time making a case for their existence once Bitcoin reaches a stable or has a good price similar to the current price. Simple as that. And if they are in bubble they gonna be bursting soon.
Title says all. Personally I vote bubble. Anything that increases 1000x is too good to be true IMO.
what increase 1000? not even dash increased that much maybe you are confusing with somethign else? all the alt increased 2x and dash 5x at the moment, but i do agree that this is definitely a bubble or at least this is the beginning, i'm confident we will see a better increase for all the alt if more money come in the market
Well, depends on your own perception tho, different people tend to have different view on different object.
IMO, altcoins are bubble and also are not bubble
IMO, altcoins are bubble and also are not bubble
Nothing just leaps all the way up hundreds of percent at a time without any hint of grounding itself or stabilising. Frankly, while there's a lot of FUD about the future of Bitcoin, altcoins will still not overtake it. Even ETH is nowhere close. It's a bubble.
Title says all. Personally I vote bubble. Anything that increases 1000x is too good to be true IMO.
What did increase %1000?
The last massive gains were with XMR ages ago.
I don't know the % of DASH and ETH but they are obviously bubbled. Nothing justifies those rises. Ver is obviously pumping DASH, im not getting anywhere near that shit.
Wall of coins, Mexico, smooth outcome of 12.1 being realized, Trezor support
These are things that jumped Dash from 15 to 45 at the least. More of It after is to do with BTC having poor consensus and the risk of a fork and Dash being realized as a functional alternative worth holding that has actually seen more yearly growth than BTC its entire life. Also awareness of evolution to come. Even if it is the bubble you make it out to be, the current price is still a sale compared to the evolution price to come.
ETH has its dapps. It is an entire platform. It should not be fully compared with crypto markets, its just that crypto is the buyers gate into ETH. Be glad it exist.
Other alts are growing because of developments, others are growing over just trading for quick profits. DCR went up independent of BTC fork controversy, just publicity. PivX is going up over publicity while it was an unheard of coin before the Dash pump. ZCL has developments underway. These are examples of genuine growth but are probably looked at as "the bubble" by maximalist
This is all happening without BTC price dropping. As fast as BTC is traded for alts, BTC is being bought up again. We're all winning unless BTC forks
With everything in crypto traded against BTC, it will tank market stability
Title says all. Personally I vote bubble. Anything that increases 1000x is too good to be true IMO.
What did increase %1000?
The last massive gains were with XMR ages ago.
I don't know the % of DASH and ETH but they are obviously bubbled. Nothing justifies those rises. Ver is obviously pumping DASH, im not getting anywhere near that shit.
ha crypto adoption is like 0.00000000001% so yes these can go WAY higher or crash nobody can really know which way it will go.
I think it will keep happening in cycles....hopefully the bull is just getting started.
I think it will keep happening in cycles....hopefully the bull is just getting started.
Hell No just getting Started! 
Theres SO much new money flowing in, crazy free markets, manipulation, new total noob users chasing the dragon, ALTS are gonna GO and GO!
All we need to do is try watch for info on each one and try be in the right markets at the right time, WEOOOoooOoO!
Theres SO much new money flowing in, crazy free markets, manipulation, new total noob users chasing the dragon, ALTS are gonna GO and GO!
All we need to do is try watch for info on each one and try be in the right markets at the right time, WEOOOoooOoO!
Title says all. Personally I vote bubble. Anything that increases 1000x is too good to be true IMO.
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