Honestly, do you guys think cryptocurrencies will be gone anytime soon? - page 12.

qwertyup23

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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 ?

No one really knows and can accurately predict about the existence of cryptocurrencies but the price on the market says something about its demand and supply. The more people that are willing to purchase bitcoin at a high price, the more it will become valuable in the market- thus increasing its price overtime. If people were to know that bitcoin would last, then everyone would deemed to be a millionaire.

If you are skeptical about investing in bitcoin, then you can always diversify your portfolio by considering other investment mechanisms available in the market and consider bitcoin as a long-term investment.

gentlemand

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Welt Am Draht

Quote from: UserU on October 12, 2019, 10:14:10 AM

Besides, cryptos have lots of real-life usages, so they won't go anytime soon.

Like, erm, what? Beyond making dollars that is.

If you look into how the scene has developed you'll quickly see there's a boom and bust cycle that's played out multiple times.

Read the threads here in 2015. People really thought it might be over and the 2013 bubble was a one off. I'm sure they were saying the same in 2011.

Things have moved on to an unimaginable level compared to back then and every development is another signal it's here to stay.

No one can tell you anything about price but every day it's above ground increases the likelihood of it becoming properly established.

poptok1

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Bobby Fischer was right

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

...Should investors invest in it ?

I couldn't care less. Really, why should we bother with already rich to get even higher on this social status ladder?
It's the ordinary people we should care about. It's all about adoption by the everyday folks. Small business, households, elderly people those are the ones, that actually need this magnificent financial independence. Bitcoin is a definition of grass-roots movement, crypto is we - the people, not some wealthy opportunists with more cash than values.

Quote from: Darooghe on October 12, 2019, 12:26:45 PM

...If you see Bitcoin as a movement, it will probably never fail.

Wise words, this wave is already on the waters, it can't be stopped just like that.
Something literally groundbreaking would have to happen, for us to forget the idea.

Herbet Fry

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No, I don't think so. When we use to trade in livestock and then traded in coins that didn't go away did it? We might not use gold and silver coins but we still have coins to this very day. Then we went to credit cards and bank accounts. We are now at an even more digital stage past banking and credit cards and that is crypto. The only thing crypto will be replaced by would be an upgrade of it. No one can know what that would be but we sure can speculate.

Quote from: JohnBitCo on October 12, 2019, 01:51:26 PM

Quote from: OgNasty on October 12, 2019, 12:15:17 PM

I think eventually useless cryptocurrencies the market is filled with today will be gone, but it wouldn’t surprise me if one day there were thousands of purposed blockchains that show useful information. Imagine every service company you use having a blockchain showing your subscription and payment info.

This would have be another way round if the crypto currencies are to rule. For example every company will have a coin and that coin will have a variable value according to the strength of the company. This can be taken as stocks market in the present world where every a company stocks move up or down according to the progress.
Blockchain will not be limited to currencies only. Then all the data will be stored in blockchain which is easy to access and impossible to alter for corruption.

Yes, thank you that someone else understands this concept. This is exactly right and it is also how we can have a taxless society.

JohnBitCo

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Quote from: OgNasty on October 12, 2019, 12:15:17 PM

I think eventually useless cryptocurrencies the market is filled with today will be gone, but it wouldn’t surprise me if one day there were thousands of purposed blockchains that show useful information. Imagine every service company you use having a blockchain showing your subscription and payment info.

This would have be another way round if the crypto currencies are to rule. For example every company will have a coin and that coin will have a variable value according to the strength of the company. This can be taken as stocks market in the present world where every a company stocks move up or down according to the progress.
Blockchain will not be limited to currencies only. Then all the data will be stored in blockchain which is easy to access and impossible to alter for corruption.

wildey

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investment or not is your decision. if you have doubts about this, you should leave, because this is not something that guarantees profit for your wallet. people will still see a loss in this matter. however, think about it, until now the development of cryptocurrency is still underway. little by little large companies are also beginning to glance at this development. You might regret it when you miss the train. besides, a person will not develop if they don't take risks. do with your own risk.

ardentvolcanoes

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With more adoptions and the popularities still increasing, This industry will survive and bring more profitable ventures to each investors and believers.

It's tough to accurately predicts what the market will bring us after some months or years but with how things are moving around the potentials is getting higher
to succeed. While you still have questioned in mind best to keep learning by doing your research and deep study about this system.

judeafante

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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 ?

Judging from your post you are not fully aware of what's happening in the Cryptocurrency industry, you should start from subscribing to the top crypto article sites and subscribe to top Youtube channel about Bitcoin, it's more exciting now more than ever, halving is coming, ETF approval is coming and Facebook coin is going to be launch, what can you ask more.

djselery

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Honestly, I believe that cryptocurrencies will last for decades at least, and they are expected to become some of the most used currencies around the world, in the future. The blockchain technology is expanding largely and integrated already in so many domains, and the crypto community is also growing up with time, so I don't see why you fear that cryptocurrency disappears anytime soon.

Darooghe

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If talking about the overall Crypto market, i agree that most Cryptocurrencies will fail. However, the overall Crypto market will succeed because, among many other reasons, an overwhelming number of very rich and influential people want it to. it's important to understand that it's possible "Bitcoin" or "Ethereum" could fail, while Crypto currency succeeds. Bitcoin is just a name of a project, and that project could fail in any number of ways. A contentious fork could divide the community in such a way that the bitcoin name is left behind. I should say that i doubt it, but it's possible.

Furthermore, Crytpo currency is here to stay insofar as it represents a peer-to-peer money network. that is, unless the internet is somehow shut down by a monstrous global tyranny. But then, there's always p2p mesh network possibilities. If you see Bitcoin as a movement, it will probably never fail.

OgNasty

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I think eventually useless cryptocurrencies the market is filled with today will be gone, but it wouldn’t surprise me if one day there were thousands of purposed blockchains that show useful information. Imagine every service company you use having a blockchain showing your subscription and payment info.

figmentofmyass

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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 ?

it's counter intuitive, but the first half of 2016 was devoid of any hype too---yet it was the beginning of a long term bull market. that's how bull markets begin. the biggest hype comes during the parabolic bubble phase (like late 2017) and then it gradually fades out during the subsequent bear market.

JohnBitCo

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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 ?

Do you know that bitcoin is the best performing assets in this year. Read this if you have any doubt.
https://www.coindesk.com/bitcoin-is-2019s-best-performing-asset-even-after-recent-price-downturn
Regarding the hype, the fear of missing out will soon be back as we approach near the Halving. So there is nothing better than crypto now a days which can give us good profit in coming few months.

MFahad

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Eloncoin.org - Mars, here we come!

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 ?

Hype train was slow in 2018 as there was a totally bear year for crypto. Both the altcoins and bitcoin kept on dumping till the year end. But thie year started good where we saw some good movements in the altcons and then bitcoin started a major pump and crossed 10K which no one excepted. Everyone was thinking the 6K level will be difficult to cross and may take many months to cross it.

Although alts started dumping, but it was obvious that when bitcoin is flying high, the alts will have no place. I am sure the hype is back on and we may expect a small bull run in altcoins as soon as the btc stabilizes.

abel1337

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Quote from: GSpgh on October 12, 2019, 09:52:33 AM

First of all a cryptocurrency can't really be "gone" as long as there at least one node. Even if for example it gets stranded with high difficulty and no miners/stakers someone can still fork it and continue the blockchain.

I agree, someone who invested until now see the potential of cryptocurrency won't going to back out now especially that crypto is slowly being adopted by the world. Imagine before there was a great depression on bitcoin around the last quarter of the year 2013 that bitcoin was valued around $1000++ and in the last quarter of 2014 bitcoin was priced at $300++, This is proof that bitcoin will keep its position no matter how dumped it is. Miners today won't leave especially that they have the complete gears already to able to mine bitcoins.

Bitkoyns

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Cryptocurrency will be gone soon? For sure not. Things like cryptocurrency that is not controlled by anyone or the government will be used and loved as time goes by. Lots of people love their freedom specially in terms of money and they can find it on cryptocurrency. For investing, you can invest now if you want but no one can push you to believe.

leowonderful

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Bitcoin FTW!

There's likely going to be another massive train of hype when BTC and other cryptocurrencies start going up again and people begin noticing cryptocurrencies more and more similarly to 2017, but there's really no good way to predict that at the moment, and people are likely going to be more pessimistic about investing into crypto as a whole after what happened after 2017. I'm not a big fan of altcoins, but I would definitely suggest dollar cost averaging into Bitcoin with some of your disposable income if possible. Bitcoin might continue dipping in the short to mid-term, but you should be fine as long as you're not daytrading.

UserU

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Last year was the Great Depression of cryptos, even surpassing the Dot Com boom. But look at this year, they recovered pretty quick.

Besides, cryptos have lots of real-life usages, so they won't go anytime soon.

GSpgh

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First of all a cryptocurrency can't really be "gone" as long as there at least one node. Even if for example it gets stranded with high difficulty and no miners/stakers someone can still fork it and continue the blockchain.

As far as investment opportunities... I have a somewhat inflammatory thread on the altcoin board telling everyone to sell their coins: https://bitcointalksearch.org/topic/sell-your-altcoins-and-tokens-today-save-yourself-the-frustration-5190104

The most common response is something like "I have these coins/tokens that I don't want to sell at a loss and I'll keep them in case they go up because that has happened in the past". So I think greed and this unfounded hope will keep the market going for a while against any rational thought. But the chances of hitting gold are so slim tho that you're better off gambling in a casino.

Check "top" coins from 2014 and compare investing in those vs investing in BTC when it was $200-400. Keep in mind that you couldn't see the future so you'd have bought some random "diversified" basket.

CryptopreneurBrainboss

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We're all enthusiast here and only hope bitcoin could last as long as it can and probably dominant the currency industry someday. No one can't predict how long or how soon the currency will last that's why we're always advice to invest only funds we'll ok with losing which differs made on individuals preference. It's been 10 years already since the creation of bitcoin, most "so called" economist or professionals didn't believe it could last this long but it did and same fate holds for today doubters. Cryptocurrency (especially bitcoin in particular) isn't going away anything soon.

Did a thread titled; Altcoiners, don't give up yet. Bitcoin can't do it alone. and that's my honest opinion. Both market compliment themselves although bitcoin is more favorite above others. Invest more in bitcoin but don't neglect the altcoin market although that doesn't mean you should go wasting your funds patronizing any project you see out there.

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