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Topic: Is Bitcoin in a DotCom recovery phase? (Read 442 times)

Siren

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Quote from: billygarrison on August 15, 2018, 06:20:22 AM

Quote from: Kakmakr on August 15, 2018, 02:59:17 AM

Will Alt coins suffer the same fate

my answer is yes, because the average altcoin price uses bitcoin as the main money, so if the price of bitcoin falls then the price of altcoin will drop.

Quote from: Kakmakr on August 15, 2018, 02:59:17 AM

will Bitcoin rose out of the ashes like these bigger companies

yeah, I believe the price of bitcoin will recover, I will keep save bitcoin because I believe the price of bitcoin can soar in the future

You have lots of beliefs hope that will save you as investors lol

I am saving my bitcoin Because of my trust in technology that behind this and i trust the cryptocurrency as well,since this would be the money for the future and even physical money won't stop this from growing and existing

thomas_goal

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Yes, it definitely is in a recovery phase. And it is very similar to what we saw in the dotcom industry several years back. It's hard to increase so quickly and not come back down. That's why I don't think it'll do it again this year. It just doesn't have the energy after climbing so high.

It has a very similar speculative nature, that's why it went up so high. Tech and crypto follow similar patterns of huge booms and busts. Bitcoin will last because it is like Microsoft or Dell: It has an idea that is worth developing. Most altcoins cannot, unfortunately provide this advantage.

Which is why...

Quote from: pumbum on August 23, 2018, 02:50:09 AM

the concept of bubble in this case means that this technology must be re-evaluated and discard the ballast is not necessary companies. this is what is happening now with bitcoin

pumbum

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the concept of bubble in this case means that this technology must be re-evaluated and discard the ballast is not necessary companies. this is what is happening now with bitcoin

florianuhlemann

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what will burst the market for Altcoins doesn't mean that will burst Bitcoin. because 90% of altcoins is tokens Ethereum, the credibility of which fell due to the large number of failed ICO

denisaardelean

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Quote from: Kakmakr on August 15, 2018, 02:59:17 AM

Credit goes to source : https://www.cnbc.com/2018/08/14/crypto-advocate-bitcoins-narrative-problem-is-spooking-investors.html

The Altcoin market is currently a war zone and it looks like a small Dotcom bubble have burst.

I compare Bitcoin to the bigger Microsoft/Dell/Yahoo companies, during the DotCom bubble and the Alt coins to the gazillion of tech companies that went bankrupt.

Will Alt coins suffer the same fate and will Bitcoin rose out of the ashes like these bigger companies, that ended up being bigger and stronger than what they were, before the DotCom bubble burst?

What do you think?

You can see that bitcoin prices are dropping sharply for months in a row, the bitcoin bubble has broken and the market is in a bear market in the long run, so in order to reduce the risk I believe in At this point you should only short-term investment in bitcoin to minimize risk. The market will continue to fall sharply and you can wait to buy bitcoin at the $ 5100 mark.

BitHodler

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Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 06:59:24 PM

#42

Quote from: cellard on August 18, 2018, 10:48:59 AM
New investors, they always look at Bitcoin and think, "oh it's too late", then they look at a couple alts, they find them too developed to get the x1000, so they will search for whatever brand new promise, that's where the most dangerous bubbles happen.
Not entirely. If we follow the blind chicken gang supporting XRP, which is one of the largest altcoins in this industry, they seriously believe that it may reach $500 to $1000 per token.

It's entirely ridiculous, but people only seem to pay attention to the single token or coin value, which in case of XRP means $0.30 per token. It's easy to buy into and a few hundred bucks worth of it buys you a lot of coins.

People's main obstacle with Bitcoin is its higher price. They don't want to buy 0.15BTC with $1000 of their savings, but thousands of smaller coins. It's a psychological matter in the end.

matthewio

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bitcoin is great

Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 06:09:00 PM

#41

Quote from: davis196 on August 18, 2018, 02:19:49 AM
Well,most of the altcoin devs look exactly like the small online business owners back in the late 90s.
They have the "build it and the money will come" type of mentality.This is not a proper business plan,most of the altcoins are useless (unless they are used for pump/dump)and they are ready to fail.
Bitcoin is in a "in the middle of nowhere" phase.Not a recovery phase for sure.
No one can really tell what the future holds for bitcoins or the altcoins, whether bitcoin will be replaced by something much more accepted, there are a lot of variables, Satoshi Nakamoto may wake up tomoro and move his 1 million bitcoin to exchange and all hell will be let loose

xitrum

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Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 05:50:46 PM

#40

Quote from: Kakmakr on August 15, 2018, 02:59:17 AM
Credit goes to source : https://www.cnbc.com/2018/08/14/crypto-advocate-bitcoins-narrative-problem-is-spooking-investors.html

The Altcoin market is currently a war zone and it looks like a small Dotcom bubble have burst.

I compare Bitcoin to the bigger Microsoft/Dell/Yahoo companies, during the DotCom bubble and the Alt coins to the gazillion of tech companies that went bankrupt.

Will Alt coins suffer the same fate and will Bitcoin rose out of the ashes like these bigger companies, that ended up being bigger and stronger than what they were, before the DotCom bubble burst?

What do you think?
I believe that bitcoin prices are in a bear market in the long run and it will take a long time for the bitcoin market to rebound, you can see that the market is fluctuating continuously and bitcoin prices are down in the down cycle. long-term, according to the analysis of bitcoin prices may be reduced to the $ 2000 mark by the end of 2018.

mikyadel

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Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 04:04:12 PM

#39

people have been keeping saying that bitcoin is a bubble for years , it's becoming a click-bait news . people don't even know what a bubble means , if bitcoin was a bubble and it has burst out then we should see sharp and continuous drop in price till zero. what we see now is filtering the market from weak-handed who think that market will be always in bullish trend and once that phase go , we will see new wave of rising in new highs.

pobeditelvezde

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Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 03:45:00 PM

#38

I think the theme about a bubble was sensible for any discussions a year ago when bitcoin was 20000$. Of course, we can discuss your assumption but you need to show us any arguments which can prove your assumption. Bitcoin and other coins are not on highs so where is a bubble or you consider that bitcoin is still very overvalued and it has to cost much less 100$? I think it is a wrong assumption because as we can see the falling has been suspended and it is possible that it will be formed a new uptrend soon.

cellard

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Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 12:06:05 PM

#37

Quote from: BrewMaster on August 18, 2018, 11:02:57 AM
no to everything you said

first of all bitcoin is not recovering from a DotCom bubble phase because it was not a DotCom-like bubble to recover from and it doesn't matter that price has fallen this much, it has fallen a lot lower than the intrinsic value of bitcoin which doesn't prove anything.

as for altcoins they won't just die. if they could just die because of some pump and dump then they would have died a hundred times already because this is not the first pump and dump they are experiencing.
what will happen is that they will continue to get dumped, some of the smaller weaker coins will die and the rest will just restart the same pump and dump again. and we will see newer big pumping coins this time instead.

Saying that "altcoins just won't die"... I don't agree. Calling the death of an asset is perhaps a bit subjective. I mean, does it really need to hit literally "0"?

Personally I don't think so. If the asset has crashed and fails to ever recover and has terrible fundamentals, even if it's traded and has some small volume... it's for all intended purposes a dead asset.

For instance, Bitconnect was being traded with small volume last time I check. And there's endless coins out there, which are being traded in marginal volumes.. these are all dead.

So something doesn't need to hit 0, you can be holding something that's basically dead even if it has some action.

BrewMaster

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Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 11:02:57 AM

#36

no to everything you said

first of all bitcoin is not recovering from a DotCom bubble phase because it was not a DotCom-like bubble to recover from and it doesn't matter that price has fallen this much, it has fallen a lot lower than the intrinsic value of bitcoin which doesn't prove anything.

as for altcoins they won't just die. if they could just die because of some pump and dump then they would have died a hundred times already because this is not the first pump and dump they are experiencing.
what will happen is that they will continue to get dumped, some of the smaller weaker coins will die and the rest will just restart the same pump and dump again. and we will see newer big pumping coins this time instead.

BitcoinTurk

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Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 11:01:33 AM

#35

I think Bitcoin is not such an accent project and I defend this idea to the end. And if this was the case, this balloon would blow up the year we passed, and it would not even happen again on the day. Moreover, such a thing would not be used for other altcoin projects, and this technology could not begin to be seen in all areas of our lives. The timely .com trades were also a swollen project with the intense demand and never been hit. Only in the world of the internet was the demand for something new, and demand was increasingly swelling in demand. But I do not think such a thing will happen in Bitcoin because it has become a different sector with the spread of many different types of cryptocurrencies, and it has a significant share in the market. For that reason, I re-emphasize that this project is not a balloon project, and I do not recommend mixing it with other .com accents.

cellard

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Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 10:48:59 AM

#34

Quote from: gentlemand on August 17, 2018, 08:16:25 PM
Quote from: cellard on August 17, 2018, 07:10:57 PM
There are only 2 possibilitites that I see now:

For the second one to arrive though enough alts would have to maintain enough illusion of future utility and value. Despite everything they're all still useless. ETH is the only one being used in any numbers and its only use has been to create more useless alts.

There'll have to be some very impressive conjuring tricks, or some actual results, to fool enough people again. There's probably 2-3 years before another monster bubble which leaves a lot more time for scepticism to marinate.

I know when dollars are in the air all sense goes out the window, but there'll have to be some type of new hook to get alts flying. The top alts at the top of this bubble were even more of a joke than the handful that were around in 2013. People will look back on 2017 and wonder what the hell they were thinking.

Well for the new investors that come during the next bubble, they will not really think about that imo, they will just jump on whatever latest ICO of the our or whatnot. I know governments have clamped down on ICOs and now it's harder for scammers to get their scams going, but nonetheless they will find ways to host them overseas and since this is a global market the millions will come.

New investors, they always look at Bitcoin and think, "oh it's too late", then they look at a couple alts, they find them too developed to get the x1000, so they will search for whatever brand new promise, that's where the most dangerous bubbles happen.

hatshepsut93

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Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 07:56:37 AM

#33

Quote from: cellard on August 17, 2018, 07:10:57 PM

There are only 2 possibilitites that I see now:

1) We have already had our "dotcom". Now, most investors are aware that most altcoins are useless crap in which people used to put money hoping to get their BTC x1000 in the next pump of the hour. All these big gains on altcoins are gone and it's better to stay 100% on BTC as we go to 6 figures against USD in the next halving.

2) We only had a small taste of what's to come. Trillions will come in to create a mega altcoin bubble with a very strong Bitcoin as well (probably when BTC is somewhere around $100,000 to 300,000). Considering that dotcom bubble peaked at 6.7 trillion USD, we couldn't have seen anything yet. Then after that, all altcoins die, BTC is crashes to like $10,000-40,000 or so, and then here we go again "Bitcoin is dead" etc.. for a couple of years, then Bitcoin comes back dwarfing all previous peaks and goes to $1,000,000+

These 2 scenarios are among the most likely ones, but I think there are countless ways how this market can play out, alts can stagnate and die slowly during a long period of time; there can be partial burst when coins below top 20 will crash but top tier alts will survive for some time only to die later; we can see only a smaller bubble instead of a trillion mega-bubble from scenario 2); some alts can try to evolve into centralized companies, and so on, you can imagine many possibilities like that.

Just because the fundamentals of altcoins and dotcom are similar, it doesn't mean that the charts will be similar, it's all the result of mass psychology which is very chaotic.

Osayo

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Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 03:10:23 AM

#32

Quote from: Kakmakr on August 15, 2018, 02:59:17 AM
Credit goes to source : https://www.c[Suspicious link removed]m/2018/08/14/crypto-advocate-bitcoins-narrative-problem-is-spooking-investors.html

The Altcoin market is currently a war zone and it looks like a small Dotcom bubble have burst.

I compare Bitcoin to the bigger Microsoft/Dell/Yahoo companies, during the DotCom bubble and the Alt coins to the gazillion of tech companies that went bankrupt.

Will Alt coins suffer the same fate and will Bitcoin rose out of the ashes like these bigger companies, that ended up being bigger and stronger than what they were, before the DotCom bubble burst?

What do you think?

Bitcoin revolution may be similar to dotcom. But I don't think Bitcoin will burst.

Kakmakr

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Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 03:07:18 AM

#31

Quote from: cellard on August 17, 2018, 07:10:57 PM
Quote from: hatshepsut93 on August 17, 2018, 06:50:30 PM
It wasn't a burst yet, merely a taste of it. When there will be a real burst, altcoins will be going to literally zero, and only some top coins will retain some small portion of their value. But this might happen without Bitcoin being in bear phase, it can very possibly happen while Bitcoin will have a bull run, and altcoin bagholders will be abandoning their shitcoins as they will realize that Bitcoin is the coin that works and alts are just vaporware. Also, a good indicator for the state of this alt/token bubble is how accepted the narrative of "blockchain tech" is outside of the crypto sphere. You can see that the skepticism starts growing as many tech experts are voicing their doubts.

There are only 2 possibilitites that I see now:

1) We have already had our "dotcom". Now, most investors are aware that most altcoins are useless crap in which people used to put money hoping to get their BTC x1000 in the next pump of the hour. All these big gains on altcoins are gone and it's better to stay 100% on BTC as we go to 6 figures against USD in the next halving.

2) We only had a small taste of what's to come. Trillions will come in to create a mega altcoin bubble with a very strong Bitcoin as well (probably when BTC is somewhere around $100,000 to 300,000). Considering that dotcom bubble peaked at 6.7 trillion USD, we couldn't have seen anything yet. Then after that, all altcoins die, BTC is crashes to like $10,000-40,000 or so, and then here we go again "Bitcoin is dead" etc.. for a couple of years, then Bitcoin comes back dwarfing all previous peaks and goes to $1,000,000+

~~~~

Im more inclined towards the second scenario. Mainly because I believe most people were still clueless about BTC + alts, so there will be massive investors in the forms of $trillions which will have to go from that "im going to invest in this alt which will x1000" phase to acceptance "most alts are nonsense and BTC reigns supreme" acceptance phase.

Your analysis makes a lot of sense now. We might be in the first phase of the realization that Alt coins are mostly "pump n dump" copy cat coins with little or no future, as you said. So, you get a bunch of people who wants to get a taste of the profits that early Bitcoin investors had, when it was in the early stages.

This will never happen on the same scale as Bitcoin, because Bitcoin was a brand new concept at the time.

davis196

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Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 02:19:49 AM

#30

Well,most of the altcoin devs look exactly like the small online business owners back in the late 90s.
They have the "build it and the money will come" type of mentality.This is not a proper business plan,most of the altcoins are useless (unless they are used for pump/dump)and they are ready to fail.
Bitcoin is in a "in the middle of nowhere" phase.Not a recovery phase for sure.

andika2018

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Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 02:13:51 AM

#29

Quote from: Kakmakr on August 15, 2018, 02:59:17 AM
Credit goes to source : https://www.cnbc.com/2018/08/14/crypto-advocate-bitcoins-narrative-problem-is-spooking-investors.html

The Altcoin market is currently a war zone and it looks like a small Dotcom bubble have burst.

I compare Bitcoin to the bigger Microsoft/Dell/Yahoo companies, during the DotCom bubble and the Alt coins to the gazillion of tech companies that went bankrupt.

Will Alt coins suffer the same fate and will Bitcoin rose out of the ashes like these bigger companies, that ended up being bigger and stronger than what they were, before the DotCom bubble burst?

What do you think?

I think its hard to compare between dotcom buble with cryptocurrency market condition right now. Maybe its true many altcoin dont have good project but its not all altcoin because many altcoin having good project and having working product.
I am agree that altcoin without good product will be death but altcoin have potential become good investment in the future

chris200x9

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Re: Is Bitcoin in a DotCom recovery phase?

August 17, 2018, 10:23:02 PM

#28

Quote from: cellard on August 17, 2018, 07:10:57 PM

2) We only had a small taste of what's to come. Trillions will come in to create a mega altcoin bubble with a very strong Bitcoin as well (probably when BTC is somewhere around $100,000 to 300,000). Considering that dotcom bubble peaked at 6.7 trillion USD, we couldn't have seen anything yet. Then after that, all altcoins die, BTC is crashes to like $10,000-40,000 or so, and then here we go again "Bitcoin is dead" etc.. for a couple of years, then Bitcoin comes back dwarfing all previous peaks and goes to $1,000,000+

This is what has happened in the past but there is no guaranty that will again happen in the future. After big crash bitcoin took its won time to recover back and reach all-time high and this process is going on for last few years. I'm also expecting that to happen (your first target reach in next bull run) so that I can make some decent profit.