Has Bitcoin attained the maturity stage or is too early to conclude so? - page 2.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: Zemomtum on May 09, 2019, 12:34:21 PM

Is it too early to assume that we are now getting matured in the crypto space and negative news will have less impact as compared to that of 2017 to early 2018? During that period, the price will move downward, sometimes with 10% within an hour.

Well too early..
Just that one hack didn't affect the markets it's no clear indicator.

What was the reason for the previous drop when we first reach 5500, what was the reason for the price going up before that and now?
The market is anything but mature, it's still influenced by non-events and the fact that some real news is making no dent suggest that rather being matured and less sensitive to both hype and fud it's more controlled by bots and exchange who are inflating numbers how they want.

The bitfinex saga that probably will see one of its last chapters soon it's a clear example.

Oh, and btw, being affected by bad news it's not something bad, it's something normal! All the markets react like this, only bitcoin zealots see all bad news as FUD.

mindrust

legendary

Activity: 3276

Merit: 2442

Too early for the maturity stage. If you think about it, we are only 6x high from the 2014 ATH. (Which is nothing when you think how big bitcoin is techwise and what it made possible) Yes we went as high as 20x but it was a temporary thing, we are talking for the moment.

There are also still many skeptic people. We need to gain them. We need lots of lots of more investors to say "yes bitcoin is matured now" Hopefully, BAKKT and Fidelity will speed things up a lot by making BTC available for the institutional investors.

Make bitcoin $100k and make it stay above those levels, then we can gladly say "it is matured." Right now we are not much far away from the GoX era. It was $3k just 4 months ago... It is still a plaything for the shitty centralized exchanges like Binance, Coinbase and Finex.

BitMaxz

legendary

Activity: 3514

Merit: 3253

Happy New year 🤗

Bad news related to bitcoin is not affected too much this is not the same as what happened last year that every published a new article with bad news affected bitcoin too much compared this year.

Bitcoin price movement is following a cycle so bad news won't affect bitcoin price too much because they are following a cycle in last 2016 price movement.

Look at the image below.

There is a little similarities on the price movement and this is what I following right now because they are looks the same as 2016 price movement.

So don't focus right now on news because there are people and new comers investing in bitcoin and bitcoin still in bull run so bad news has less impact nowadays.

Shenzou

sr. member

Activity: 1414

Merit: 283

Quote from: Zemomtum on May 09, 2019, 12:34:21 PM

With the recent news that supposedly could have affect the fall of Bitcoin and probably crashes to lower support but instead the price remain in the upward momentum. Bitfinex with Tether issue and just of recent the biggest hacked than happened to Binance Exchange with the hack of over 7000BTC worth over 40 Million USD, despite all these negativity, the Bitcoin price keeps moving Northward.

Is it too early to assume that we are now getting matured in the crypto space and negative news will have less impact as compared to that of 2017 to early 2018? During that period, the price will move downward, sometimes with 10% within an hour.

Bitcoin and cryptocurrency are still fairly a new concept and a new technology that some people don't even know that exists, back in late 2017 bitcoin has made an impact on the world with its price going to nearly 20k and that made people go wild about its investment potential only to be shut down by government regulations and bad news that dragged it down, and now with it slowly recovering it will surely make another impact in the near future, so to sum up the maturity stage is still not achieved but with enough support and development we will get there in no time.

Genemind

sr. member

Activity: 1596

Merit: 335

I think Bitcoin is now too firm to be affected by controversies and negative news on trend. its maturity still depends on how investors and traders deal with the issues being thrown to it. The price movement is actually getting better which simply means that investors' understanding is too broad that they know how to deal with the market despite the hacking and laundering issues.

webtricks

legendary

Activity: 1918

Merit: 1759

Quote from: AndreyVen on May 09, 2019, 12:58:48 PM

Don't get distracted by short term price speculation. The most important metric is volatility.

You'll see a direct correlation between volatility and adoption. The lower the volatility the further along we are on the adoption curve.

Sensible reply. How can we say a market is matured when it's fluctuating at least 2-3% daily! I am still waiting for a day when Bitcoin is divided among such a large holders that news and FUDs couldn't break it more than 5% in one go. Until then Crypto market is still very prone to uncertainties and can break or rise unexpectedly. We need a lot more adoption plus stable price to consider Crypto Market as a matured one.

AndreyVen

newbie

Activity: 38

Merit: 0

Don't get distracted by short term price speculation. The most important metric is volatility.

You'll see a direct correlation between volatility and adoption. The lower the volatility the further along we are on the adoption curve.

chenille

full member

Activity: 428

Merit: 172

chenille!

I don't think FOMO has returned already. The price had not a single bigger pullback recently and for my feeling it's way too early to spread "when moon" or "when lambo". Prices never increased directly after a big crash like from 2015 and a pullback should be overdue.
The news of Binance hack didn't affect crypto prices much because the team managed the situation very well.

Zemomtum

full member

Activity: 1316

Merit: 104

CitizenFinance.io

With the recent news that supposedly could have affect the fall of Bitcoin and probably crashes to lower support but instead the price remain in the upward momentum. Bitfinex with Tether issue and just of recent the biggest hacked than happened to Binance Exchange with the hack of over 7000BTC worth over 40 Million USD, despite all these negativity, the Bitcoin price keeps moving Northward.

Is it too early to assume that we are now getting matured in the crypto space and negative news will have less impact as compared to that of 2017 to early 2018? During that period, the price will move downward, sometimes with 10% within an hour.

Topic: Has Bitcoin attained the maturity stage or is too early to conclude so? - page 2. (Read 326 times)