Topic: I'm calling it crypto is dead in 2018...the crypto hype has died like disco did (Read 831 times)

Crypto isnt dead, it just got a case of the man flu and feeling sorry for itself.

Excellent. Glad to hear you think that. The more people that "give up" like you do, the more likely it is that crypto prices will form a durable bottom. That's the nature of markets.

And it was felt hip-hop would die as well and it didn't- quite the exact opposite; crypto is no different.

completely normal price correction that was not only predictable as its already happened 4 times in BTC history, but also very much needed to build underlying resistance in order to push higher over 40.000usd/btc for the next cycle

or

the fiat currencies or zombie drug addicts will turn to back to nothing which is where they came from and what they actually represent and crypto will spike over 1000% in a flash
(how can debt be a good investment)

i can go on and on but to cut a long story short blockchain tech is the future including being the worlds new currency
the weak hands cry later for their lack of vision today

I think you're not seeing the brighter picture.

Why was there a bubble? Because every single person out there suddenly discovered cryptos, everyone bought in. Fuck even Paris Hilton was saying "buy cryptos".

What happened was just a greedy frenzy. Everyone saw cryptos as the easy way to get rich and a bubble burst. That's how it works.

But calling cryptos dead for 2018 is just non-sense. The world of cryptos moves soooo fast. This train is not going to stop. The market just needs to breathe and wash out all the fuss.

It's just my honest opinion. Mining might get complicated, but cryptos aren't dead.

What makes you think the bubble burst? And what makes you think that bitcoin is a bubble, explain please, if you say so?  Now there is only a small correction in the cryptocurrency world.

mining requires balls of steel. soy boys like op should stick to being the bag boy at the local supermarket.

Doubt the OP was even alive when disco was around    Haven't heard from him in a day or so.  His mom must have put the kibosh on his internet usage.

No doubt there are alot more big players mining more then ever. Smaller guys like me struggle to make some $$$ but you can make some you just have to hold and sell on the upswing. If you are selling now then you are losing.

Lol.. This got me laughing. Probably that was his initial thought when he engaged in cryptocurrency mining. Though mining is a bit overrated for some people but there is still a tendency of having gains, if you do the right things and mine the right coins. Though one gpu is not that really bad, it solemnly depends on the coin he is mining with it, cause some coins don't really need sophisticated equipment.

I think he was just hoping he would get rich overnight mining with one gpu, so he could move out of his parents basement. 

I don't know what coins you mine, but I don't see the complexity of the network in the coins I mine. This means that pain threshold we not overcame. A lot of people still use their rigs. It seems to me that in modern conditions mining will begin to migrate to countries with low cost of electricity but it will not stop.

Don't worry man, just leave mining
It's easy to sell GPUs now and quit

You focus on the negatives. There are also many positives, including some of those you list as negative.  Markets hate uncertainty. For Crypto to grow in to mainstream adoption, it has to deal with regulation and taxation first. Banks are certainly not taking it lightly.

https://www.bloomberg.com/news/articles/2018-03-18/growth-of-crypto-assets-may-threaten-financial-system-fsb-says

He doesn't know what the word even means ... Lol 

To misquote a 1980's punk album

Crypto's Dead? Nah, Mate, The Smell's Jus Summink In Yer Underpants

Have fun joining the litany of other arm chair quarterbacks calling it dead over the past 7 years. Disco was never had people dumping billions of dollars into it.

Year by year many miners or not miners are telling mining is dead, but honestly they are just losing opportunity to make passive earnings daily, but if you bought your cards higher I don't think it will be still profitable, but for those who bought their cards for a low price I think mining to them is still profitable.

Just learn how to hold your coins and sell them if the price increases back again. because i know GPU mining will be more profitable in the future.

The Secretive Miner's Formula: HiFUD=LoDIFF. 

lol same threads pop up every 10 months

Relax guys, crypto is not dead. It's just the beginning, some people can't stomach the ride. Ethereum is worth $500, Bitcoin is worth $8000!! If all you looked at was the prices in May of last year and again today you would be jumping for joy! The problem is you lived through the highs of December, the GPU spikes of January, the FUD videos on youtube, and now you're panicking. Close your eyes and check back in 12 months. Your brain is always going to deceive you.

Some people just cannot handle losses obviously and when they get mad, they start FUDding and blaming everything. That's not a winners mindset, neither a way to prosper in life man! You just gotta stick with it and look for solutions, otherwise you lose everything

Back in January many people asked for a time machine to go back in time and buy cryptos cheap. Here we got one now and the crypto prices are like how they were many months back. Just use it 

If you'd look at the trends you would notice that price falling is usual thing in stocks and crypto world at this time of the years.
Callin crypto dead is nonsense...

Come on man with these posts.  I remember you joining the mining section and the forum when you barely knew what anything was and how it worked.  You came in at the peak of cryptocurrency during an all-time high.  You cannot expect the gains you saw when you joined to continue on forever. I assume you likely do not have experience with the stock market or any other type of investing.  Have you looked at the 1Q charts for all previous years of Bitcoin? Did you even follow Bitcoin before Dec of 2017?  Or are you just panic selling and want to spread FUD without any knowledge?

The market is going down that is correct and it could continue for months or years, but do you realize that 8k is still a 100% gain from late last year and its still up 709% from one year ago today. That is far from dead if you ask me.  I would ask you to not spread your panic or fear without looking at the bigger picture outside your 3-month experience with cryptocurrency.  Those that have been here awhile will see through your post but for the newbies who have the ability to analyze the past or look at the potential of cryptocurrency beyond quarter to quarter your kind of posts are not helpful or productive.  If you are leaving your cryptocurrency journey then best of luck in the future in whatever you decide to do. 

As always don't invest more than you can afford to lose, that's when panic, stress, and fear set in.

You are too "young" in the crypto world. By your "standards" Bitcoin has died a good couple of times already. And I expect it'll die a number more times.
As soon as the price will jump consistently again, a new loop will start. And the equation is not about if, it's about when. The history just loves the loops.

Yeah, it's like a 4-6 month loop at the moment. Back in Aug 2017 everyone was spitting about gpu prices and crypto values. Then crypto rocketed, everyone rushed to buy cards. Now we're back in FUD dead zone. Clearly time to panic, this time it's really dead, right?

There's always ways to make money in Crypto, even when mining profits have fallen. I'm personally not buying any GPUs at all anymore due to horrible prices and even worse profitability (still profitable for those who already have em, but for those who don't it'll take ~12months to break even with current pricing). I'm still profitable on pretty much everything I own, and at ~7c/kWh it will remain that way for quite some time.

If you're thinking about the new CN ASICs right now, don't try them. As you most likely already know, they're an incredibly big gamble as most CryptoNight coins are forking in an attempt to shut them out. There's no reason to resort to gambling even when profitability is low.

im not talking about quit mining, i just sold 2 years old gpus with big profit, now im gonna wait for new gddr6 gpus and join the game again
in the meantime i keep mining with my vega rig

I'm still making mad dough by mining some new shitcoins, that are coming everyday. You just need to dedicate yourself if you want to succeed bruk. If you go mainstream and mine ETH and everything else, that has enormous difficulty ofc it would be dead for you . As mbdmbn said, there's still money to be made! You just gotta put yourself into it mate

I was reading people's stories on reddit back in July of last year, saying basically the same thing, glad I sold all my cards, crypto is dead ect ect.

Forward to today, eight months later, in a bear run, and there's still money to be made. Talk about shooting yourself in the foot.

Agreed, many years Q1 has been rough for crypto, only to come back strong at the end of the year.  Surprising part is you still can't get a GPU at a reasonable price with mining profits 1/10th what they were 3 months ago.

Too early to say crypto is dead this year, It's still early in the year. We don't know what will happen next month, next week, or may tomorrow. Let's wait and see what going to happen. 

if the coin devs dont manage it to make the algos really asic resistant i see no future for crypto too

imho ethash& equihash gets asic mined in secret,cryptonight has been asic mined for months as we know now...... everything getting dumped, its to much supply for the market
i also believe the cryptonight forks will just help for a short time, as soon the asic fuckers have their updated miners ready to mine difficultys will be fucked up again or even more than now

thanks god i sold all my rx 580 weeks ago for 350-400€ because i saw it comming

To many people lost money
To many regulations
To many new tax laws
Will take another 4 years for a "new" crowd to come in an invest
To many exchanges robbed people

Over all everyone is now turned off by crypto, maybe 2019 might be better but this year is all about 1080tis costing $1000+ and barely making $1, coins with 1-3 month life cycles

I came in at the beginning of the bubble watched it rise and now I seen it burst. Say it after me crypto is dead in 2018