Honestly, do you guys think cryptocurrencies will be gone anytime soon? - page 10.

Artemis3

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Quote from: s92225 on October 11, 2019, 10:57:59 PM

I haven't been trading my bitcoins and cryptos since this year begins, but I have noticed that the hype train is slowing down since then, compared to last year. I want some honest opinion about the future outlook of BTC or crypto per se. Should investors invest in it ?

I don't know about altcoins, they seem to come and go like the wind, especially all the (thousands) of lesser ones. But Bitcoin is here to stay. If a coin depends on a company to survive, its worthless.

Always make this test: Can you do something that could make the coin go? Ie. imprison somebody, or force close a company or group that would make it stop? If yes, you have your answer (hint: centralization = garbage).

What can you do to stop Bitcoin?

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Quote from: s92225 on October 11, 2019, 10:57:59 PM

I haven't been trading my bitcoins and cryptos since this year begins, but I have noticed that the hype train is slowing down since then, compared to last year. I want some honest opinion about the future outlook of BTC or crypto per se. Should investors invest in it ?

are you sure about the hype train is slowing down? is either you have been out of the crypto space for a long time. This year introduced a massive hype for IEO. IEO got investors coming back to invest into projects running IEOs. Apart from that, the crypto market started rising which made people investing more and also trading more. Cryptocurrency and bitcoin are here to stay. Cryptocurrencies are the future of money..

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Quote from: s92225 on October 11, 2019, 10:57:59 PM

I haven't been trading my bitcoins and cryptos since this year begins, but I have noticed that the hype train is slowing down since then, compared to last year. I want some honest opinion about the future outlook of BTC or crypto per se. Should investors invest in it ?

yes of course you have to invest in bitcoin. and now is the right time to buy. before the price of bitcoin rises again. bitcoin investment is certainly better than altcoin investment because altcoin is now also very weak and we risk losing it when altcoin we choose cannot develop. so in my opinion for a beginner it's better to choose bitcoin. or if you have more capital you can also try investing in altcoin. but choose altcoin at the top of the CMC list.

alexsandria

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I don't think bitcoin and other cryptocurrencies available in the market will be gone anytime soon. It doesn't mean that the bull run is done then bitcoin and other cryptocurrencies are likely to die, it is just that the price now became to normalize. I mean, the price before is even smaller. Just be smart and intelligent, don't be carried away by your emotions. Buy when it is low, sell when he price is high.

thesmallgod

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Quote from: s92225 on October 12, 2019, 12:10:35 AM

Yes, I mean cryptocurrency in general, I have been only buying bitcoin so I didn't know about any other altcoins. It is so tempting to invest in them when you see 3 4x price increases.

pump and dump. dont be carried away because of that. It happens randomly to some altcoin. In fact, in some low traffic trading platform, it is very common all you need to check is the trading volume of such altcoin that gives 3 4x. My advice is that you must have a philosophy about investment and stick to it. Since you are already investing in Bitcoin, then that is good because it is the strongest crypto for now. No matter how bad the market is. BTC will recover one day. Others I cant say.

Play Royal

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I think were quite a few years away yet from government clampdowns, also as for hype running out this is all part of the cycle, and Im particularly excited about next years halvening. Im expecting the next run to be in the months before/during that moment.

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Quote from: s92225 on October 11, 2019, 10:57:59 PM

I haven't been trading my bitcoins and cryptos since this year begins, but I have noticed that the hype train is slowing down since then, compared to last year. I want some honest opinion about the future outlook of BTC or crypto per se. Should investors invest in it?

You should look at the situation as follows:

why would people buy bitcoin?

why would people buy altcoins?

In 2017 people bought lots of bitcoins and ETH to invest in the ICOs and many ICOs generated high returns, the altcoins were also generating high returns. it was a pump and dump scheme. It turns out that after a few months there were no more new investors, and many governments began to create many barriers for people who bought cryptos, and the price of bitcoin and altcoins began to fall. With the price of altcoins and bitcoin dropping a lot, it made people move away from cryptos and bitcoin.

Now the idea is that many institutional investors are entering the market and have bitcoin halving. But you have to wonder if halving really will create a big price increase or not. Bitcoin ETF has been rejected, BAKKT was not a big hit, although we still have time to see how it will be, we should not be too optimistic that the price will increase a lot because for the price to rise a lot it need a lot of demand and you never know what people think, they can invest in other assets

ReiMomo

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Quote from: Genemind on October 16, 2019, 11:11:13 AM

Most investors have learned the market drill. Altcoins usually end up with nothing which is a big loss if we'll invest in it. They became wiser as they seek assurance and chose only to invest in Bitcoin and other top altcoins. I guess we're not aware but there are still lots of investors who are purchasing and holding crypto. Things will surely go back to normal when the bull market comes.

Well, that's right. At least they are much more aware now than before. Besides for me, that's not possible. Since crypto is an online currency and government from other countries find it illegal so they are also taking actions to stop bitcoin because they believe that it is being used by criminals and drug lords in their illegal transactions. However, let's just hope it won't happen in the future that cryptocurrency will be gone anytime soon, in a positive way of thinking Bitcoin now is on mainstream and other cryptos for the good purposes.

Pearls Before Swine

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That hype train you refer to tends to start and stop periodically, so I wouldn't worry about the fact that the entire crypto market is going through some hard times now. Prices are still much higher than they were a few years ago, and I don't think the bull-ish sentiment that drove bitcoin up to $10,000 has fully died down and that bitcoin and the altcoin market will resume its gains eventually.

And will cryptocurrencies be gone? Yeah, I don't think so. There are too many people in the world who support their existence and there hasn't been too much gov't regulation for them to disappear anytime soon. Crypto is not in danger of an extinction event in our lifetimes, I'm fairly confident of this.

Instead of thinking of where crypto is right now as a bleak place, why not consider it as a good time to buy? That's how I've been thinking of it.

Genemind

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Most investors have learned the market drill. Altcoins usually end up with nothing which is a big loss if we'll invest in it. They became wiser as they seek assurance and chose only to invest in Bitcoin and other top altcoins. I guess we're not aware but there are still lots of investors who are purchasing and holding crypto. Things will surely go back to normal when the bull market comes.

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Quote from: DaveWave on October 16, 2019, 10:40:45 AM

There is little to no chance that crypto currencies will be gone anytime soon. Maybe many shitcoins die on the way but it is normal. Bitcoin and the other well backed projects will stay and will continue to grow. Altcoins are still waiting their bull run and are so volatile. Maybe you focus most of your investments on bitcoin. Bitcoin has a good chance of breaking resistance once again this year.

With most of the altcoins only end up into shitcoins, bitcoin is also taking another step which is close to mass adoption which only means that bitcoin is gaining even more popularity because of its potentials not just as a cryptocurrency but more of a long term investment. With this, bitcoin proves that he's not good for nothing but will forever lived as long as there are people who will chose to use bitcoin rather than other currencies.

Wawa2013

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Looks like you are being struck by doubts between wanting to invest in crypto now or later. Naturally, it's possible because in your opinion the market has slowed down this year in price movements. But if compared to the previous year 2018 when bitcoin was at the lowest price, compared to now, the price is far significant in my opinion. But I'm sure Bitcoin will grow again in price, maybe you still want to monitor it

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Quote

I haven't been trading my bitcoins and cryptos since this year begins, but I have noticed that the hype train is slowing down since then, compared to last year. I want some honest opinion about the future outlook of BTC or crypto per se. Should investors invest in it ?

Bitcoin yes. Some alts that you can look at are Ripple and Ethereum.
Ripple had great partnerships this month, one with SWIFT and the other one with Samsung.

DaveWave

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There is little to no chance that crypto currencies will be gone anytime soon. Maybe many shitcoins die on the way but it is normal. Bitcoin and the other well backed projects will stay and will continue to grow. Altcoins are still waiting their bull run and are so volatile. Maybe you focus most of your investments on bitcoin. Bitcoin has a good chance of breaking resistance once again this year.

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Quote from: s92225 on October 11, 2019, 10:57:59 PM

I haven't been trading my bitcoins and cryptos since this year begins, but I have noticed that the hype train is slowing down since then, compared to last year. I want some honest opinion about the future outlook of BTC or crypto per se. Should investors invest in it ?

By last year, I guess you meant 2017 (and not 2018 because that was a discouraging year for cryptocurrency). Well, to be honest, I think the crypto industry has come to stay. What remains now is the expected ETF the industry will join the ilks of Forex Trading and the stock market. It's just a matter of time before we arrive at that stage.

shoreno

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Quote from: bering on October 16, 2019, 08:27:05 AM

In my view the hype of bitcoin isn't slowing down

it does bro . the hype died down a little lately . didnt you see price of btc are falling and still continues to do so but dont worry about that because btc is in control . the hype should have return the next few weeks or months . just wait .

i see simillar topics like this lately . idk why people have suddenly think negative . is it about the price ? they think btc is doomed and will collapse sooner or later but instead of making things negative why can they just calm down for a while . they are only going to harm btc and make it more collapse if they make such topics like this .

bering

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In my view the hype of bitcoin isn't slowing down even more likely to increase but don't mean hype will be ended if the price lower than all time high and i think if you see bitcoin from only price side then you will not last long because bitcoin bringing more than it and regarding investors should buy more bitcoin or not i think it depend on them to decided whether will leave bitcoin or buy

qiwoman2

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Bitcoin and Blockchain technology will last a long time I think and it will take at least another ten or twenty years for it to reach the mass adoption phase. Just like the automobile Industry and the Internet and Computers took time to become widespread, the same will happen here. As for the rest of the cryptocurrency market, no one knows as many of the projects are just tokenized startups, so we don't know if they will survive or if they will die off. Many also projects are scams as well, trying hard to take everyone's hard-earned Bitcoin in a different way. I just hope Bitcoin outlives both my Son and my future Grandkids. I am sure it will outlive me.

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Quote from: s92225 on October 11, 2019, 10:57:59 PM

I haven't been trading my bitcoins and cryptos since this year begins, but I have noticed that the hype train is slowing down since then, compared to last year. I want some honest opinion about the future outlook of BTC or crypto per se. Should investors invest in it ?

What?comparison against last year?are you serious about this mate?2018 is the darkest year crypto ever had and now you are saying that the growth is much better last year than 2019?nope no one will take that right
Yeah the bear seems not going out totally but still we have a great pump this year than 2018 .

Anyway if you have not satisfied to the movement of our market then why not just leave?you are free to sell out all coins so you are worry free and life would be enough than staying in crypto investing

ILuckyGuyI

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I think these times are just the right times for investing in Bitcoin. In my opinion, Bitcoin is in preparation phase for a new bull run now. I think Bitcoin will continue to accumulate until at the latest Bitcoin halving and then the bull run will start.

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