Topic: Ask Any Crypto-Based Question - page 3. (Read 1146 times)

First, there will always be a bigger threat to cryptos than regulation, and that's quantum computing.


I can't get into major details in regards to this, so i'm only going to address regulation in the sense for coin launches.

There are 3 things to consider when ICO's get regulated: innovation, capital/investments/monetary gain for the country and competition. Competition in the sense of owning an industry (U.S. and silicon valley, China and manufacturing... etc). How many trillions of dollars has silicon valley brought to the U.S.? Could blockchain one day be on this scale, who knows. But regulation will ultimately dictate these factors.

Crypto will eventually be entirely regulated, but not in the common sense, because innovation is always occurring and there will be coins that launch that double down on the fundamentals of decentralization, anonymity and etc. In the truest sense, cryptos will never be regulated by their nature. And if people want to use crypto anonymous, there will be nothing governments can do. They can't ever control a blockchain and all that. It will require a whole special oversight and branches of government to oversee cryptos, so it's essentially a futile effort in that regard. Transactions can't be controlled, the system can't be controlled and the user's sending (anonymous coins) can't be idenitifed. These are major problems that will never be solved within the next decade.

The only way a government can fully control a "threat" or blockchain in general, is to ban it all-together or allocate enough resources to track down individuals through blockchain, which is very difficult/impossible, especially if someone intentionally hid their tracks or used anonymous coins, aka Monero.

On the flip side with ICOs

Governments have to be very very careful not to stifle this industry, because blockchain technology will create thousands of jobs and bring in significant capital, along with the prestige of being at the edge of technology (for the country). This is why i actually appreciate with how the U.S. is approaching this, small steps at a time, figuring out small ways to implement rules before they go big dick and issue big executive decisions. I don't agree with all their decisions though, and i think there will always be ignorance and resentment towards blockchain tech, this is another problem for another day though.

In regards to regulation for ICO's and coin launches, regulation will be good and bad. Again, it will stifle innovation and may chase the entire industry out of a country, so regulations have to accommodate competition among governments and "be friendly" to these operators, or else they'll completely lose the entire industry from their country. You can already see this occuring, how come ICO's don't get launched in the U.S. and how many innovators did they stifle by introducing the SEC into ICO's, regulating that. A fatal mistake for the U.S. and same goes with China.

Now ICO's are mainly getting launched from European/South American countries and Russia. Soon that will not be the case either. So, what i predict what will occur is the volume of ICO's will all be consolidated into a few countries who are ICO friendly, and thus the volume of coins launching will eventually be dramatically reduced. Now, there will always be coin launches and people who won't abide by these rules, but i'm disregarding them for this post.



This topic is very broad, and this is just a glimpse of what will occur and circumstances that could arise with coin launches only (obviously there are regulations for exchanges, traders, investors, illegal activity, taxes... list goes on). The entire debate will occur for a long time, and in the meantime, Blockchain tech and some crypto's will outlive governments and generations of people. This is the reality.

DAO (Decentralized Autonomous Organization) aka coin governance is a very tricky subject, and i believe is in its infancy. The overall idea of a DAO is a peak into the future and perception of a utopian society.

Due to the nature of this subject, i'm going to remain somewhat limited in my answer, because there are many implications that can be drawn from DAO and how ultimately it will impact the world. I'll strictly answer in terms of crypto.


In a short answer yes, i believe it's possible, because we already see examples of this occurred, namely with the most successful DAO, Dash. But even then, it becomes somewhat vague into the extent this has, and how actions from the blockchain votes are interpreted and acted apon by the humans who are physically working and hiring new indviduals.

The idea of DAO stems from the POW and POS debate, in which who ultimately has power over the network. Consolidation of the network's power in POW is determined by miners, and how large their server warehouse is for Bitcoin mining, and thus, 51% (if you control 51% of the network power, you basically make Bitcoin invalid and unstable, which is a highly talked about subject, but i don't hear about it much anymore.)

Within POS, your power is determined by the strength of your wallet, how many coins you hold. This system favors the 80/20% rule, where 20% of indviduals control 80% of the network (or 20% of the indviduals in POS chains, hold roughly 80% of the coins), which is a natural occurrence within the world. POS is basically the re-incarnation of this economic principal/theory, into the blockchain. Even though, it wasn't initially intended like this (i think), i don't know how Sunny King interperted POS initially (he was the founder of POS with peercoin), i believe he created this system to secure a network without the mass power consumption needed. That was a key feature.

There are 2 major examples of governance i'll look at, DASH and DAO. Basically, within DASH the system is not perfectly democratic, as you still need invested power (ghashes) or collateral for master nodes for the ability to vote. The network is controled by whales, and not your common man, again obeying the 80/20% rule, which is a common occurrence in the world (again not going to say if this is good or bad, because that's a whole different topic). Just know, this system works as the evolutionary traits of human, are always drawn to leadership and this rule.

Now with this system if functions based on the participation of the community and users to propose ideas, if there's no proposal of ideas, then there is no function of the DAO. You can see the failure with DAO in Bitshares, i believe for a while there were no proposals, thus the coin died/failed in that instant for all intensive purposes, because companies just don't ever "cease" when it's working as intended, companies consistently improve and better themselves.

So in essence, if there is no community, there is no proposals, there is no DAO. And if that were to ever occur with DASH (unlikey), it would die utterly. My point being is the function of governance in crypto is as good as the community, and with proposed ideas the system continues to better itself. It still requires human input, and a real-physical work to be done by indviduals. This leads to the dash organization, and how they implement their ideas and how they express the decisions of the community.

Dash is currently undergoing a lot of internal issues, namely with their 10% Expenditure (10% of the supply held by the devs/executives) to execute ideas, and continue to fund the project, but they are going bankrupt essentially, and how DASH will operate with this real company structure years from now, remains unknown. DASH will ultimately fail entirely, if they can't fund their own workforce, then who will enforce the proposals propsed? Who knows. In this sense, DAO is a failed system. But, DASH is inherently a crypto, so don't take what i'm saying as DASH is eventually going to 0 or the market is going to crash, that's not the case at all.

In the sense that DAO is an input from investors/holders of a coin to have voting power to determine the direction of a coin, essentially "shareholders of blockchains" then yes it succeeded. But, this overly complicates matters, and as seen time and time again, power is abused.




In regards to Airdrops, and POS. There are very rudimentary systems in place to completely neglect centralization of power when distributing the coin, but all are flawed (because of manipulation and accountability). The only way a pure POS coin will ever work, is if an AI (high (self-sufficient), not the propaganda marketed of Software AI) itself conducted one (as far-out this idea sounds), without bias and without flaws in the distribution, without any human intervention. This is impossible now, so the entire system for POS in this respect has failed.

There will never be a perfectly distributed coin and never be a perfectly governed coin, because we are human. For reasons i listed above with DAO, POS suffers the same faults.

Do these systems work? Yeah, to a degree. But blockchain is in its infancy. We didn't have much innovation in 2018, and this problem of DAO, POS and distribution is still a long way off to being solved. Solutions to these fundamental problems, will create new billion-dollar blockchains.





There's a lot more to say about DAO, POS and Distribution coins, and in no way is this a complete answer, this is just a brief-touch-up. My ideas/thoughts are fragmented here because this topic is so large, and there's a lot to discuss for each paragraph i've written. If you have one specific questions, then please let me know, it'll be much easier for me to discuss 1 specific topic, instead of a huge one. My answer is not perfect, was a bit reluctant to answer this questions because of that.

This is an interesting topic started. Finally, a member concerned to other members as well. I have a question that I have been dying to ask, why are altcoins have this pattern of a spike when it comes to launching, and then downhill from there. Cause usually, when i browse in altcoins, I usually see red few days or to a week after public launch, quite frustrating for potential investors. Thank you for your response.

Can you explain in detail what you mean by "there are forces that will always try to manipulate the markets into bulls"? Does this mean that the rise or fall in Crypto is artificial?

What's your opinion about regulation, will it be good or bad for the entire Cryptocurrency industry?

What is your opinion on governance? Do you believe that it is possible to have governance using only the tools of the protocol? I mean, solutions that do not involve forks, whose differences are resolved only by voting.
 
Do you believe that projects using PoS can function without a central authority and in a totally distributed way?

Privacy based coin's have mostly died out with new wave of investors. As you are aware, back in 2014-2015, this was a major major trend. In the current climate, more investors are being drawn away from the initial ideals that you and I are aware of, decentralization, anonymity and etc. And that's one of the most disappointing things for me, and i'm sure many others who adore cryptos. I want it to be clear, there is a lot of manipulation and advertisements for "decentralized anonymous coins," kinda like coins want to have EVERYTHING in their blockchains, but i do not consider those privacy coins at all.

The flood of shitcoins (ICO's pertaining to industries) have ultimately drowned out any innovation in these areas. Most privacy coins (ICO's) pertain to DASH forks, MN coins, and have ultimately flooded the market, where these coins have no value whatsoever, just like the majority of ERC20 tokens. The projects that are seeking to innovate, are few and are COMPLETELY drowned out by the mass flood of shitcoins, i see these coins and i feel bad, because 3 years ago, their coins would of been within the top 100 today. The barrier for entry of coins has grown and will keep growing, more and more capital will increase proportional to time.
 
In regards to Monero, I don't expect any privacy coin to contend with Monero in the future, it's amazing because there was so much fud behind Monero in the early days and yet it succeeded above all other priv coins, especially over it's father, Bytecoin (the original coin that incorporated cryptoknight on the darkweb). There's a lot of history and reasons why Monero ultimately succeeded above and bytecoin, and i won't go through and give a history lesson here.

There will always be a small niche within crypto for anonymous based coins, but unfortunately, (again) the need/want for privacy coins has become much much less significant. There's also a huge negative connotation against these types of coins (propaganda mostly), and many feel these types of coins are too closely associated with illicit acts. They are very easy to manipulate, and often those creating these types of coins are creating them to serve one selfish-purpose or need, coins like DASH and Monero are successful because they were pretty transparent, in the early days, with what they wanted to achieve.

Monero is the king of anonymous coins and share somewhat of a throne with Dash, again i don't really see that changing ever. Monero is the Ethereum of privacy, and until the technology and development significantly increases over the next few years, or there's suddenly critical vulnerabilities with the protocols that handle the blockchain obfuscation (the way Monero is private for those who don't know), then there will be a need for a new contenders, and new contenders will fill these voids.

I'll be honest here, i know little about Zcash, i never have taken my time to really understand the underlining Zerocoin tech, and why it's more significant (or contends with) than cryptonight. My weakest understanding resides with technical blockchains, and i hope someone out there will eventually give you a better understanding of these chains. But, the option to become private or not, is a gimmick to a certain extent, if that's how Zcash works. You either are going to buy a coin for 100% anonymity or safety, and for prooven tech, or you're going to invest in something else. There's not really a desire for a coin to handle both your private transactions, and public transactions. I think XSPEC is a fork from Zcash, in which i have had some experiences with the wallet and etc, it's just not a nice feature to have, or very essential. If i personally wanted to be private, i would always go with Monero or Dash, it's just much more practical. That's purely opinion btw, i actually have no real use for anoncoins, but they are some of my favorite coins to trade/invest with.



In regards to the markets: If you calculate the top 100 coins, and how many of those are strictly privacy-based coins, it's very small <10%. Even though, privacy coins are the truest crypto-currencies and the truest successors to Bitcoin, in the sense the reincarnation of Satoshi's vision for decentralization and anonymity, unfortunately, most ideologies are lost or manipulated for profit with newer investors.

One thing i'm pretty certain of, is bear markets in crypto won't last forever, there are forces that will always try to manipulate the markets into bulls, causing FOMO panick like 2017. And trust me, big whales seen this fomo and will utilize it again. And yeah it is scary, a nice sum of your money is invested.

Thank you for your answer. Vitalik Buterin’s words scared me，but your answer gave me confidence. My assets have depreciated by 80% this year. Most of my altcoins have not been sold in time. I invested $50,000 in 2017-2018. Now I am I have to cut my expenses, my life is getting worse, fortunately, dogecoins has risen a lot this week, so this week I sold some dogecoin and changed some money to live.
I now hold BTC, ETH, EOS, XRP, ADA, WAVE, BTM, LYM, REBL, Dogecoin, STX (it's dying), MOT (very bad coin), etc. I open my wallet, various altcoins, I am thinking about change them all to bitcoin, but it seems that this is uneconomical.
Your answer is not long, because it is worth it, I need someone give me confidence to support me at this hard bear market.

1) Dump when you think the market has peaked (sometimes you can get caught in bear trap, and coin will go higher).

2) On very very rare occasions, you'll sell and the market will hold somewhat steady near its peak. Holding airdropped coins and gaining value over years is so rare, that you'll be looking for this unicorn all your life. Don't wait, unless you have undying faith in your coin. One recent (somewhat of an) example of this rare occurrence, is with Hydro (airdropped coin). https://coinmarketcap.com/currencies/hydrogen/#charts even though it held somewhat steady, it still pumped and dumped heavily.

3) If you absolutely have faith in the coin, sell high (on pumps) and buy back at about 35-70% discount (depends how near the peak you sold), good rule of thumb. There will always be a chance, no market climbs forever.

4) With any airdrop coin, the price will peak (talking about like 100-200% increases here btw), at one point or another, then the price will fall heavily. My advice to you, is gather every airdrop coin's market history and compare their pumps and dumps. (aside from NEM, which was a unicorn and a crypto bounty/airdrop hunter's dream)

5) I always tell myself this 1 rule "What goes up must come down," and it has always been true, law of gravity applied to crypto markets (what i say to myself). The trick is how far up, how far down and how long; That's a millionaires secret.


Warning: This is just my experiences and what i've learned. Always DYOR and invest/trade carefully.

In your opinion, Are those coin or token from airdrop are worth to hold? Can you say that you have to dump it when the price in the market is pumping or it's better to hold it and wait when the price is mooning?
Thank you for your answers.

Thanks for your questions thus far, hope they help you a bit.

If my posts are too long, just let me know, i want to give you in-depth insight and answers to really make this thread worthwhile.

Even the best minds in crypto can't say with 100% certainty the direction of crypto. I generally agree with what he has stated, but there's one fundamental flaw, and that's where big money resides.

Most are certain that Bitcoin and cryptos in general will experience explosive growth at least once more, when the average institutional investor enters crypto (wall-street in general). Most are waiting for a final legitimization and recognition form the U.S. and around the world.

Along with this prospect, there's a lot more to consider in the broader context of the worlds monetary systems, and potential failures in the future (collapse of USD and other currencies could occur, unlikely, but could). Vitalik was reluctant to mention the growth of Bitcoin initially in 2013, and the "doom and gloom" many had in their minds during 2014-2017, people still predicted Bitcoin could reach 10k USD, but the vast majority (even myself) never believed it would occur within a few years.

Crypto will recover, while we may not experience substantial growth (everything has an upper limit), the general market capitalization is often estimated to be a 2 trillion dollar market (every time i calculate earnings it's based on a 2 trillion mcap, 1 day to 100 years from now, who knows), about 1000% increase from what it is now.

Vitalik's logic is this: the jump from 10 Million mcap, to 200 billion is ENORMOUS, but, the jump from 200 billion to 2 trillion is even more grand (not by %, but by sheer money involved), thus making the later growth even more substantial. I acknowledge what he was trying to say with 10k+ % increases, which will become more of a rarity, but the end of major explosions of growth will not end, but slow down forsure. The top 50 crypto, will hold their positions, unlike what we've seen in the past. There will always be flukes, and new technology that overthrows existing, and that's one reason i will always be hesitant on accepting Ethereum as the standard or etc.

On the flip side, in this current market, coins have shrunk quite a bit (in some cases by 90%), what would happen if bitcoin suddenly went back to 20k in the next 2-3 years? Guess what, the same gains will be made again on those coins, only this time, some may even go even higher because of their current valuations against BTC. There are many many perspectives to look at. Just because Vitalik is founder of Ethereum, doesn't mean he suddenly knows everything about crypto. He's a very intelligent guy, do not get me wrong, but, I don't fully believe he understands what he's talking about sometimes, and i've been reading and hearing his words for the past few years now.

Is Vitalik overall right? Yes in the context of what i written above, but mostly no imo. I firmly believe he's talking only in the perspective of ERC20 token launches, and is neglecting any new and upcoming tech that will overthrow Ethereum's monopoly hold on the smart contract system or even Bitcoin itself, years from now.


As with everything anyone says, there are nuances. Vitalik is in a position of power, and he can dictate what the markets will do (especially with ETH) to a minor extent. His words are valued because he built the second biggest (mcap wise) and largest blockchain (factoring in all contracts), but everything he says is just an opinion, just like with any person. It's easy to be negative in a negative environment, and for that judgement to be accepted. Just like how everyone thought they'd be a millionaire in a positive environment. No one can predict the future, we can only base our current knowledge on all past knowledge and experiences. This is how we draw conclusions for the future.

In my personal opinion, crypto is a long-way from mainstream adoption. Until you sit down one day and your accountant and says "Disney is doing well and we have great forecasts in the next year, but Bitcoin is expected to outperform Disney within the next 10 years..." then you truly know mainstream adoption has occurred, when institutions/businesses and etc recognize the legitimacy of crypto and blockchain.

Most people don't even know the function and still do not recognize the legitimacy of the blockchain. I don't call that mainstream adoption, I call that mainstream awareness. Bitcoin had mainstream awareness in 2009-2010 btw, i remember walking down my highschool hallway and seeing a picture "Who is Satoshi Nakamoto." This was a big thing on the internet, and did catch mainstream news i believe also. People were aware of Bitcoin that far back, but had no clue what it was or what it even meant. I guarantee this is how some of the oldest guys here on BCT found about Bitcoin.



EDIT: In case you are curious, this is what vitalik was ultimately talking about, summed up in 1 graphic. No one knows where we are on this graph, you can only speculate. Most would say "The Chasm" right now, but guess what, "The Chasm" happened in 2014 aswell. And that's what my entire post above is about:

This is what Vitalik Buterin said at the China Blockchain Industry Summit yesterday. Does this mean that cryptocurrency is already unprofitable?

Sorry to hear about your losses, if it's any comfort, i sold two (of three) of my NEMSTAKES for roughly 4k USD in total (in 2014 or 2015 can't recall). If i held onto those other two, i would of had an extra 4-6 million USD. Very few people have been in that type of situation, and i still kick myself to this day for making that dumb mistake, but it happens all the time in crypto, i was fortunate enough that i haven't lost majorly yet in crypto. When i started in crypto, i took out 2 loans for 600 USD, and since then, i only put about another 600 usd ever into crypto. I sit on profits from my initial investments, no matter what occurs. I only lose what i did not convert to USD.

All in all, i've lost for being in dumb in crypto, not real money i invested personally. Even though i have lost millions. If that makes sense, haha.



There are a few ways i'm going to view this problem.

1) If you truly believe in crypto, and enjoy your profession here, then i highly recommend you do what you love to do despite what situation you're in. Because when the time comes, and you were in the right place at the right time, you could come out very wealthy over-night (if you were lucky enough).

2) In terms of making a living off of bounties, it's a very tricky subject. Money from bounties is staggered as you said, you're not getting paid RIGHT NOW, but in 3-4 months. Who knows what can happen, more than often these coins die, in some cases they rise expoentially. You can expect about half of those bounties will be total failures and bring you no profit, the other half may bring you good returns, and 1-2 will actually be the majority of the money you make. I can't give you hard ratios, but from my experience, 1/10 1/20 coins i view have some potential.

You can make a living in crypto, but you have to be very smart and aware. Those individuals who do make a living from bounties are examining every piece of information, from analyzing markets daily, analyzing the direction of their coin, and the most important step, understanding weither or not the bounty coin you're doing has any future. I would recommend not relying on bounties initially to make a living, instead of treating it as a 2nd job, that may be very lucrative for you. It's very unpredictable and i can't give you a hard MOST DEFINITELY you can make a living, because it's hard to understand how other people view certain coins and how they research.

Again, i'll stress in entering bounties like you're going to invest in the coin, because you are investing in them, with your time and effort. If the teams lacks transparency, details for their coin or something doesn't seem right then avoid it and move on.

It's an acquired talent and skill to realize what coins succeed, and what coins fail, and often it's out of anyone's control entirely. Even I still struggle to this day knowing which coin is going to be in the top 100, or total fail. This is due to the amount of other coins launching at the same time, the TRUE intentions of the team (which is always unknown), and overall the trends with the markets, and exchanges they get listed on.

There are many many forces that determine which coins are good or not, and how profitable they will ultimately be.



If you're careful, smart and research into coins to get a better understanding, you'll come to a point where you come to an epiphany in what crypto-currency really is, and how many shitcoins there are out there and how to maximize your time and gain a lot of income/profits. This takes a lot of dedication.

Once more, you can make a living, but it depends how much you need to live. I'm not an expert bounty hunter, but i understand how coins fail/succeed and all the problems and discussions other bounty hunters bring up. The best thing to do is find a group that discusses bounties heavily, this will help you understand more.

 

Thank you for the kind remarks!

I want it to be clear, that any financial advise i give you should use at your own risk. I'm not a genie, and i can't predict the future, i can only tell you what i know from my experiences. Some of what i tell you may be incorrect, some of it may be spot-on, i warn everyone to never take what other people say for granted (even myself).



1) The perception of "big money" flowing into the market is very tricky, people don't often acknowledge that total volume is based on movement, for every coin sold, there's a person that bought it.. obviously. So, at any given moment, you can cut the total volume in half for any coin and determine that that volume for people buying/selling. MOST traders actually sell at a loss, because the markets are so volatile it's very tricky if you haven't been involved with the coin, if you don't understand the exchange and what type of overall market you're in, then you're going to lose money.

As the markets get bigger, it's going to be much much more difficult to "pump & dump" coins, due to the capital needed to manipulate the markets. The big manipulators of the market have built positions years ago, and or are such large investors (with a ton of money pooled together or not), that their influence on the markets can still be seen. Other than that, for the most part, today's market is heavily reliant on sentiment, if people see a 1% decrease, other users are more likely to sell (especially if you're a day trader and do not have a handle on the markets) and the cycle continues creating massive losses for everyone.

When will the bear market end? Who knows. I really can't determine that or give you a clear explanation. My biggest go-to secret is viewing news on a daily basis (with big instutions getting into bitcoin, ETF's and etc), along with historical prices. I don't really expect the markets to enter a bull-ish period by the end of this year, i think Bitcoin may recover a bit, but i doubt it'll reach 10k again this year. It will be much more clear by mid-next year on the current situation of the markets. If you really wanted a number, i personally think the markets won't recover for another 1-3 years (until BTC surpasses 20k again), potentially even longer.

A LOT can happen in months/years with crypto.



2) Yeah it is. But, there's a lot of big industries and outside influences/talents that are being attracted to crypto, with that, they bring experiences in marketing, development and etc. The barrier for entry for new ICO's increases daily, more and more money is needed to really see a successful ICO through.

The current ICO's occurring need little investment, and in-turn, they get little funding these days (especially since it's a bear market). It's going to become more and more clear over the next 2 years that 95% of the ICO's launching are pure shit, and the good projects will have their turn in the light, always.

The biggest problem for me (as an investor) is the separation of Bitcointalk, and all these newer sites to market ICO's and team's going at it solo (without any website help). It becomes very difficult, if there's no major names or backing behind the coin (marketing aswell), to realize these coins in the current climate.

There's a lot to say on this, but hope this introduction is significant for you.



3) Ethereum will not be replaced anytime soon. It's the adopted standard, the easiest to develop on (since a lot of people have created ERC-20 Tokens). The thing with smart-contracts and platforms that get built ontop of is the accessibility for developers, information available and prooven tech. Ethereum has all those qualities. Other coins (in the future and now) may have more significant blockchains and better features, but the current climate ERC-20 is just fine.

The major problem with ERC-20 is availability and how bloated the blockchain will be. Especially when the next major bull-markets occur, it took me like 2days to get a transaction through when cryptokitties was a thing (it destroyed ethereum's network, flooded it).

People will always try to use better blockchains for what they are trying to achieve and marketing purposes, but for most purposes currently, ERC20 satisfies most. Until this climate becomes more sophisticated and evolves into a new level, ERC20 will remain supreme. It could be another 2-5 years before Ethereum becomes severely underthreat, especially if the next bullmarket occurs, Ethereum will not be able to cope with the amount of tokens build on its platform (the number of tokens out there has increased significantly since December.)

Well i am not new but still relatively new. I joined this industry as a spectator in 2016 and recently starting doing bounties and airdrops. I don't have any investmet, actually lost all my 25k usd worth money to a hyip site. Anyway What i want to know is that is it possible for me to make a living out of here because i don't have a job and i am doing full time bounties. Nothing else.

Can i live in making a living out of here ? i have been doing around 20 bounties right now but they all promise to pay about 3, 4 months later. And 2 of my bounties have already said that their softcap not met so no coins for anyone.

What do you suggest ? Oh and for the job, i tried but no luck. So...

Im myself following crypto market for long now and as most of the community is concerned about the current negative sentiment in the market that is here since many months, i will like you to comment on the market situation and when we can expect recovery and bulls back?

I read your past posts, I really admire your knowledge in the field of crypto, you are very talented！
As an old member of the forum, you can raise objections to the Merit system. this is very rare for higher rank member. Yes, for newbie/jr.membr, the merit system is very difficult to overcome. It is a talented person like you, and now only got 35 Merits, not to mention newbie.In the long run, your views are correct, As the times passes, the entire system will come to a halt, due to the unreasonable replenishment rates and the lack of user-understanding of how the system functions.It will cause the forum to lose its vitality.
I read your topic "Bitcoin's bubble is going to be corrected"，I want to ask you a few questions.

1. Now there are more money in the crypto market than in 2014. In the past, due to the low total amount of funds in the market, once the funds flow into the market, the bear market is easy to reverse, but now there must be a very large amount of money flowing into the crypto market to reverse the bear market now,I think it is very difficult. How long do you think the current bear market will last?

2. Due to the large amount of scam ico, investors are afraid to invest in ico, which will make it more difficult for those really good project financing. In the end, a good project may also fail because it cannot raise enough money. It will form a vicious circle, and more investors will not dare to invest, so ICO is getting worse. Do you think the current market is like this?

3. Ethereum and its ERC20 brothers are now going downhill, will Ethereum be replaced? Who is most likely to replace Ethereum？

Maybe my understanding is superficial. If there is something wrong, please point out！ thank you very much!
I will continue to pay attention to your posts and learn more from you.

The longest coin i've ever held is of course, NXT, the first ICO to occur here on BTT (i didn't invest in NXT ICO), but invested in it when it hit it's first exchange (some scammy/shitty one). While most development behind NXT transferred to Ardor project, i hold just the Ardor equivalent i had in NXT (and sold my NXT). So basically Ardor, which is NXT reborn (fork).


The first time i heard about cryptocurrency was through some money making forum (mid 2013), pertaining to marketing, ads and etc. I eventually stumbled upon a Goldcoin post, and i was intrigued because the concept was so different from almost everything else. I searched a bit further (thro the Goldcoin forums), and realized what Bitcoin was, everyone was talking about it. This was just as Silk-road incident was just about to occur, which led to the first spike in Bitcoin price to ($1100-1200 USD). https://en.wikipedia.org/wiki/Silk_Road_(bitcoin). I was watching Bitcoin's market, and it was fucking crazy! Bitcoin went from $150-200 usd to $1k usd in like 1 month, day after day, new heights and gains. It was so bizarre to witness such a thing, as a fresh crypto guy.


There was major news behind this, and the first major flood of crypto currency individuals came to these forums to search for more information and see what this was all about (including myself).

If any single event caused Bitcoin to become noticed by the masses, it was Silk-Road, then a bit later the MT. GOX incident.  https://en.wikipedia.org/wiki/Mt._Gox