It is funny that there are cryptospace deniers and cynics left who are becoming so blatant in trying to steer the conversation to bitcoin's hype is gone and therefore everyone should avoid it.
This article was published on almost the same time as when bitcoin started to pump and break $7000 with high volume. Coincidence?
J.C. Parets, a technical markets analyst in New York, remembers getting multiple phone calls a day about cryptocurrencies late last year. Clients, old high school friends, strangers and even his 88-year-old grandmother were intrigued.
“It wasn’t even like ‘should I buy crypto’ but instead it was ‘which one?’” he said. “Everyone was in on it.”
Four months later, those calls stopped coming.
“Nobody cares anymore,” Mr. Parets said.
To be sure, crypto die-hards are still passionate about digital currencies. But many first-time bitcoin buyers who came into the market in December and January are sitting on losses. Mainstream interest in the cryptocurrency market has diminished.
Regulators in the U.S., South Korea, and India are trying to curb speculative activity. Facebook Inc., Google Inc. and Twitter Inc. are banning advertising related to cryptocurrencies to stop scammers from promoting fraudulent schemes on these social-media platforms.
“All the hype is gone,” said Vijay Boyapati, a software engineer in Seattle who previously worked at Google and a food-delivery startup, and is nevertheless preparing to take a job in the cryptocurrency industry. “I think right now we’re in the boring phase.”
Read in full https://www.wsj.com/articles/bitcoins-hype-vanishes-just-like-that-were-in-the-boring-phase-1523534400
I think this article was written a long time ago, this is during last year or possibly last last year. This was also written during the condition of bitcoin similar at to this past few months were it was dropping and people are starting to feel fear and many bank and governement use the drop to creat negative statements about cryptocurrencies particularly bitcoin. But all this negative statements were covered when the price of bitcoin soared up to 20k last december 2017. Just like what is happening now from the previous month's drop many got depressed dissappointment even sold out their investment. But to those who stayed and were avid of bitcoin their profit was great. Right now the price increase to a pretty significant rise it shocks alot of people and aspirant investors because just like that bitcoin could shoot up any minute in just a snap of a finger.. This article was published on almost the same time as when bitcoin started to pump and break $7000 with high volume. Coincidence?
J.C. Parets, a technical markets analyst in New York, remembers getting multiple phone calls a day about cryptocurrencies late last year. Clients, old high school friends, strangers and even his 88-year-old grandmother were intrigued.
“It wasn’t even like ‘should I buy crypto’ but instead it was ‘which one?’” he said. “Everyone was in on it.”
Four months later, those calls stopped coming.
“Nobody cares anymore,” Mr. Parets said.
To be sure, crypto die-hards are still passionate about digital currencies. But many first-time bitcoin buyers who came into the market in December and January are sitting on losses. Mainstream interest in the cryptocurrency market has diminished.
Regulators in the U.S., South Korea, and India are trying to curb speculative activity. Facebook Inc., Google Inc. and Twitter Inc. are banning advertising related to cryptocurrencies to stop scammers from promoting fraudulent schemes on these social-media platforms.
“All the hype is gone,” said Vijay Boyapati, a software engineer in Seattle who previously worked at Google and a food-delivery startup, and is nevertheless preparing to take a job in the cryptocurrency industry. “I think right now we’re in the boring phase.”
Read in full https://www.wsj.com/articles/bitcoins-hype-vanishes-just-like-that-were-in-the-boring-phase-1523534400
