you can hope for better days but that doesn't mean they will come.
the altcoin market will remain the small side product like penny stocks which nobody will take seriously and most of it is because of all the useless projects and all the copy pasting of the code that they are doing,
if a good project exists i assure you that it won't remain hidden and it won't require hype to go up. it will gain popularity and it will grow on its own. whenever you see some project is advertised to death, it means it has nothing to offer so it has to succumb to these cheap tactics.
Topic: Has the era of speculation gone? - page 2. (Read 239 times)
If this burst bubble will leave good coins behind, i think, let it happen.
I believe that our time is a time of active development, decentralization and blocking, so we have great opportunities. If you buy a few different promising altcoys now, in 3-4 years you will have a lot of profit
No, the era of speculation is still there and according to me it will be there forever. How ? Because there are people who actively trade cryptocurrencies on a daily basis. It is quite obvious that the non-potential ICOs and projects will die becuase of being dormant. In my opinion, crypto has still a long way ahead and large obstacles to face. The final destination is when crypto will be accepted worldwide and it will happen only when people stick to their holdings and whales/big player don't play any politics and manipulate the price of cryptocurrencies. Until these things are settled, crypto will have to bare the bear market.
One thing is for certain and that's the scenario you speak of is going to happen at one point in time. I think we aren't quite at that stage yet but let's wait and see. The dotcom bubble is evidence enough that this will happen.
As much as I do hold some of these more hyped coins I think it will be good overall if the market heads in that direction, provided that money flows from bad projects to good ones instead of away from crypto.
As much as I do hold some of these more hyped coins I think it will be good overall if the market heads in that direction, provided that money flows from bad projects to good ones instead of away from crypto.
Yes, for now, people gradually come to their senses, then blockchain industry and Cryptocurrency market bubble will be smaller and smaller, but valuable tokens, then they will still have sharply increases.
OP has stated the obvious about the future of blockchain but I'm a bit skeptical about the rationality angle of it. For instance, at the present time, we can not marry rationality and speculation. Speculation itself is subject. The market always proves that when it does a surprise that is contrary to speculation.
One would hope so, but the cynic in me doesn't see it happening. "Rationality" isn't exactly something speculators are renowned for. Just look at how stock markets reacted not that long ago to a bunch of no-name companies simply changing their name to include the word "blockchain". Or how banks and hedge funds happily trade derivatives in things where the underlying asset is just toxic, repackaged debt. I, sadly, believe there will always be a market to pump and dump worthless crap, although I genuinely wish that wasn't so.
These things don't necessarily have to survive long-term, because the supply will always be replenished with more worthless crapcoins and ICOs. If it's still a profitable game for some, people will continue to play.
Again, I hope I'm wrong about this. The world would indeed be a better place if the OP is proven to be correct.
These things don't necessarily have to survive long-term, because the supply will always be replenished with more worthless crapcoins and ICOs. If it's still a profitable game for some, people will continue to play.
Again, I hope I'm wrong about this. The world would indeed be a better place if the OP is proven to be correct.
Oh definitely. And it's going to be much more brutal than anyone can imagine so far, because...
...these are close to non-existent...
...while these make up the vast majority of the market. Coins and tokens in the top 10 market cap included.
To be honest, I think the only blockchain projects that are going to survive long term are the decentralized ones driven by community efforts such as Bitcoin and some of the mineable / stakeable alts. Companies serving these communities are likely to do well as well (eg. Coinbase, BitPay, etc.)
Every other startup-based cryptocurrency / token project is likely to either crash and burn or to pivot, given that their scopes are usually beyond feasibility, their use case of questionable utility and often both.
excellent projects will get better and better
...these are close to non-existent...
air-to-air or me too projects with no core competitiveness will die
...while these make up the vast majority of the market. Coins and tokens in the top 10 market cap included.
To be honest, I think the only blockchain projects that are going to survive long term are the decentralized ones driven by community efforts such as Bitcoin and some of the mineable / stakeable alts. Companies serving these communities are likely to do well as well (eg. Coinbase, BitPay, etc.)
Every other startup-based cryptocurrency / token project is likely to either crash and burn or to pivot, given that their scopes are usually beyond feasibility, their use case of questionable utility and often both.
I think that in the future, blockchain entrepreneurs will have less and less financing, the valuation will gradually return to rationality, and the team's performance may appear to be gambling terms with investors to ensure the project's confidence. Projects will be polarized, excellent projects will get better and better, air-to-air or me too projects with no core competitiveness will die, and the bubble will start to burst. I think this is a good thing, indicating that the blockchain is gradually becoming normalized. Please share your ideas,thank you.
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