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Topic: How long will cryptomania last? - page 3. (Read 2979 times)

hero member
Activity: 574
Merit: 500
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June 02, 2017, 11:50:10 AM
#10
We're talking years?!

Current market cap of cryptocurrencies:  $88,093,259,063.  Growth over 100% in the past month.

If you put it into a compound interest calculator with 1200% annual interest and compound it monthly, you'll find the crypto market cap after 1 year.

Crypto market cap after one year:  $360,829,989,122,048.  More than all the money in the world.

The lesson is, keep safe.  Set conditional sell orders or stop loss, and make sure to take profits regularly.  Don't be caught up in your greed.
newbie
Activity: 53
Merit: 0
June 02, 2017, 11:14:33 AM
#9
They said the same for Stocks in the beginning. Cryptomania will stay and will get bigger and more stable in my opinion.
The more people get involved the more stable the system will get.
newbie
Activity: 22
Merit: 0
May 28, 2017, 11:47:46 PM
#8
I think, as long as there are new coins being created.  cryptomania will last forever, changing from one coin fever to another coin fever.  And since there is always new coins everyday and some of them is here to stay for a very long time, the cryptomania will keep on going and going endlessly.
Yes,cryptomania may last for a long time as new coins are being introduced continuosly.But too much scam coins coming nowadays would definitely affect the reputation of crypto market.However,Bitcoin would continue to rule the crypto market as it could not be easily manipulated.As far as bitcoin is considered,though we were not early birds,but still we should make use of the situation and buy more bitcoins to get huge returns in future.
I think cryptomania will be here to stay in the future. Crytocurrencies represent a revolution in the financial system. Its too innovative and has too much potential to die out, not to mention there are several large institutions around the world that are adopting bitcoin or some other altcoin.
hero member
Activity: 490
Merit: 500
May 28, 2017, 11:14:40 PM
#7
I think, as long as there are new coins being created.  cryptomania will last forever, changing from one coin fever to another coin fever.  And since there is always new coins everyday and some of them is here to stay for a very long time, the cryptomania will keep on going and going endlessly.
Yes,cryptomania may last for a long time as new coins are being introduced continuosly.But too much scam coins coming nowadays would definitely affect the reputation of crypto market.However,Bitcoin would continue to rule the crypto market as it could not be easily manipulated.As far as bitcoin is considered,though we were not early birds,but still we should make use of the situation and buy more bitcoins to get huge returns in future.
newbie
Activity: 47
Merit: 0
May 28, 2017, 06:04:01 PM
#6
This whole thing reminds of the gold rush back in the day. Like we are buying Microsoft and Apple stocks while Jobs and Gates are still pot smoking hippies.
legendary
Activity: 2954
Merit: 1153
May 28, 2017, 04:56:25 PM
#5
I think, as long as there are new coins being created.  cryptomania will last forever, changing from one coin fever to another coin fever.  And since there is always new coins everyday and some of them is here to stay for a very long time, the cryptomania will keep on going and going endlessly.
sr. member
Activity: 1190
Merit: 306
May 28, 2017, 04:40:47 PM
#4
Another 2 years at least, that's my guess.  I'm sure this latest breakout of mania drew in a few thousand new people into the land of crypto.  Some of them will stick around to support the price, and there are still all the hardcore old timers hanging around.  So it'll last a few more years at a minimum.  The upswings will come and go, just like they always do.  Everyone needs to be prepared for that.
hero member
Activity: 630
Merit: 500
May 28, 2017, 04:37:36 PM
#3
It's hard to say and 3 or 5 years are very long period of time in crypto world. Now it's the time when you should catch this wave and ride on it to take profit. People who are long enough in crypto world now how fast and unexpected things can change so you should act now and not be so focused on future developments.
i personally have no idea about any other currency but i am sure about bitcoin that bitcoin will continue here for a long long time. bitcoin is now becoming our main currency and hope that very soon people will start using bitcoin as for fiat currency, and then there will be mo use of fiat currency n our life.
legendary
Activity: 2912
Merit: 1068
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May 28, 2017, 01:42:50 PM
#2
It's hard to say and 3 or 5 years are very long period of time in crypto world. Now it's the time when you should catch this wave and ride on it to take profit. People who are long enough in crypto world now how fast and unexpected things can change so you should act now and not be so focused on future developments.
newbie
Activity: 47
Merit: 0
May 28, 2017, 12:48:28 PM
#1
How long will this phase of cryptomarket last where it is relatively normal to make a 100% ROI monthly?

Still there are some cryptos that could possibly go 20x times... How long will we be able to ride this wave and make profits which are remarkably high? 3 years? 5? 10?
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