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Topic: Is Bitcoin in a DotCom recovery phase? (Read 467 times)

Siren

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Quote from: billygarrison on August 15, 2018, 05:20:22 AM

Quote from: Kakmakr on August 15, 2018, 01:59:17 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, 01:59:17 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

newbie

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Merit: 1

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, 01:50:09 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

full member

Activity: 434

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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

full member

Activity: 378

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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

member

Activity: 322

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Quote from: Kakmakr on August 15, 2018, 01:59:17 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

legendary

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Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 05:59:24 PM

#42

Quote from: cellard on August 18, 2018, 09:48:59 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

jr. member

Activity: 164

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bitcoin is great

Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 05:09:00 PM

#41

Quote from: davis196 on August 18, 2018, 01:19:49 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

member

Activity: 392

Merit: 10

Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 04:50:46 PM

#40

Quote from: Kakmakr on August 15, 2018, 01:59:17 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

full member

Activity: 448

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Arabic Translator

Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 03:04:12 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, 02:45:00 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

legendary

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Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 11:06:05 AM

#37

Quote from: BrewMaster on August 18, 2018, 10:02:57 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

legendary

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There is trouble abrewing

Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 10:02:57 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

hero member

Activity: 1666

Merit: 629

Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 10:01:33 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, 09:48:59 AM

#34

Quote from: gentlemand on August 17, 2018, 07:16:25 PM
Quote from: cellard on August 17, 2018, 06:10:57 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, 06:56:37 AM

#33

Quote from: cellard on August 17, 2018, 06:10:57 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

jr. member

Activity: 294

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Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 02:10:23 AM

#32

Quote from: Kakmakr on August 15, 2018, 01:59:17 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, 02:07:18 AM

#31

Quote from: cellard on August 17, 2018, 06:10:57 PM
Quote from: hatshepsut93 on August 17, 2018, 05:50:30 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

hero member

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Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 01:19:49 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

member

Activity: 700

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Re: Is Bitcoin in a DotCom recovery phase?

August 18, 2018, 01:13:51 AM

#29

Quote from: Kakmakr on August 15, 2018, 01:59:17 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

legendary

Activity: 1316

Merit: 1011

Re: Is Bitcoin in a DotCom recovery phase?

August 17, 2018, 09:23:02 PM

#28

Quote from: cellard on August 17, 2018, 06:10:57 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.

Ch1bi

full member

Activity: 289

Merit: 100

Re: Is Bitcoin in a DotCom recovery phase?

August 17, 2018, 09:03:01 PM

#27

Quote from: Kakmakr on August 15, 2018, 01:59:17 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 coins that provide no value will go the way as those companies in the dot com bubble. The market is recovering slightly and we're seeing that in the price of Bitcoin and the alts as well. However it'll take some time for the alts to regain their value, if at all. I think the market is more rational as far as people having realistic expectations that crypto isn't a get rich quick scheme.

gentlemand

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Welt Am Draht

Re: Is Bitcoin in a DotCom recovery phase?

August 17, 2018, 07:16:25 PM

#26

Quote from: cellard on August 17, 2018, 06:10:57 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.

cellard

legendary

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Re: Is Bitcoin in a DotCom recovery phase?

August 17, 2018, 06:10:57 PM

#25

Quote from: hatshepsut93 on August 17, 2018, 05:50:30 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+

See:

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.

hatshepsut93

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Re: Is Bitcoin in a DotCom recovery phase?

August 17, 2018, 05:50:30 PM

#24

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.

weeks65

member

Activity: 294

Merit: 10

Re: Is Bitcoin in a DotCom recovery phase?

August 17, 2018, 05:37:17 PM

#23

Quote from: Kakmakr on August 15, 2018, 01:59:17 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 is the bubble and the bitcoin bubble is breaking, you can see that the market is continuously going down dramatically in the past few days, bitcoin and altcoin prices are constantly falling, so to have To minimize the risk you should only invest in short-term bitcoin at this time. Bitcoin prices will continue to decrease at any time so you need to keep an eye on the market.

strongwarrior238

member

Activity: 294

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Re: Is Bitcoin in a DotCom recovery phase?

August 17, 2018, 04:07:55 PM

#22

Quote from: Kakmakr on August 15, 2018, 01:59:17 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 that the recovery period is over from 2017, you can see that 2018 is a year of continuous decline in bitcoin prices, the market is gradually in crisis as bitcoin and altcoin prices are constantly falling. . Therefore, I believe that this time you should only short-term investment and trading on bitcoin in order to minimize risk.

BCSHonda

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Re: Is Bitcoin in a DotCom recovery phase?

August 17, 2018, 04:02:24 PM

#21

Quote from: kevoh on August 17, 2018, 01:25:07 AM
Quote from: aoluain on August 15, 2018, 02:55:11 PM

The sad reality of this is that many of these so called useless altcoins will be worth zero satoshis if there is ever any attempt to liquidate back into bitcoin!

Coins that are no longer desirable are soon removed. And things that do not have any applications for life need replacing. As long as it exists, it is only costly to maintain. Influence the whole market.

kevoh

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Re: Is Bitcoin in a DotCom recovery phase?

August 17, 2018, 01:25:07 AM

#20

Quote from: aoluain on August 15, 2018, 02:55:11 PM
I also think the alt coin bubble will burst, there is indeed far too many
alts going nowhere. I have mentioned in a thread about the idea of
liquidating useless alt coins back into something usefull like Bitcoin.

There will be a benefit to altcoins dying, it will result in an increase
in bitcoin market share.

The sad reality of this is that many of these so called useless altcoins will be worth zero satoshis if there is ever any attempt to liquidate back into bitcoin!

Kakmakr

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Re: Is Bitcoin in a DotCom recovery phase?

August 17, 2018, 12:46:25 AM

#19

Quote from: rccirfan on August 16, 2018, 10:04:26 AM
New technologies that shift the paradigm take a long time to really understand. The narrative around bitcoin is still really hard to grasp. Really the only metric we have for most cryptocurrencies is the price, and price is such an imperfect metric. What does actual utilization look like? That’s really the struggle for crypto right now.

This is actually what sets Bitcoin apart from it's rival Alt coins. Bitcoin is currently backed by a much larger network of users and merchants that supports it, but these Alt coins are built around 1 or 2 solutions and a small network of merchants and users.

The Bigger companies during the DotCom bubble had a stronger user base and focussed on multiple applications and solutions. The smaller companies was mostly hyped and built around single solutions and when the economy started to collapse, they took the biggest damage and they could simply not recover.

bintangkejoraku

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https://saturn.black

Re: Is Bitcoin in a DotCom recovery phase?

August 16, 2018, 10:47:17 AM

#18

there is no recovery phase at this time, even the bear market continues to this day. Bitcoin prices are still not safe, bitcoin prices can go down very far at any time.

rccirfan

newbie

Activity: 29

Merit: 0

Re: Is Bitcoin in a DotCom recovery phase?

August 16, 2018, 10:04:26 AM

#17

New technologies that shift the paradigm take a long time to really understand. The narrative around bitcoin is still really hard to grasp. Really the only metric we have for most cryptocurrencies is the price, and price is such an imperfect metric. What does actual utilization look like? That’s really the struggle for crypto right now.

Ctn

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Re: Is Bitcoin in a DotCom recovery phase?

August 16, 2018, 09:40:54 AM

#16

Somehow I don't see any significance of the bitcoin and altcoins comparison here. Bitcoin gets hampered with altcoins for sure but the intensity of that happening has got very much less possibility. I mean bitcoin no matter what always receives the first investment or first hand and then people divert themselves to the altcoins. Most of the time people get scammed with the altcoin investment and then finally they come back and sit into bitcoin only. Thats how this happens or works really, and I see no threat to the bitcoin at all.
Its not recovery phase but the usual cyclic change in the bitcoin and other currencies that we see every year at the end of Q3-4 period.
Thats just my opinion here.

Theb

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Re: Is Bitcoin in a DotCom recovery phase?

August 16, 2018, 08:09:54 AM

#15

Bitcoin also took a big hit from this bear market its just that it is considered as a safe haven for a lot of traders during the bear market that is why the gap from other cryptocurrencies is getting bigger as a lot of traders/investors are pulling out there money from altcoins and putting it in to BTC. But for altcoins being left out by BTC when it recovers, I don't think that it will happen even though the gap has widened this altcoins won't be left out, and maybe by the time the market is about to recover holders who have bought BTC as their temporary shelter might buy back their old cryptocurrency holdings as they know that a BTC price rally will signal the whole market to go on a price rally too, just like what happened last December.

FreeEarnsActivist

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Re: Is Bitcoin in a DotCom recovery phase?

August 16, 2018, 08:02:30 AM

#14

I like this theory, we've had a huge bubble which bursted and we're back to normal development levels.

paynercash

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Re: Is Bitcoin in a DotCom recovery phase?

August 16, 2018, 07:32:31 AM

#13

Quote from: PIMPdev on August 15, 2018, 11:31:42 AM
I told that bitcoin is not the bubble and get will rise from the Ashes like you have said, but for now we're having only suffering and we've been on the bitcoins grave. And who knows how long it will last.
Every difficulty has a solution. Anything can be done just as you believe it will be. Rest assured an electronic money market based on blockchain technology is quite okay. And it's hard to think like you think, live and think positive will be okay.

Dontme

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Re: Is Bitcoin in a DotCom recovery phase?

August 16, 2018, 06:33:01 AM

#12

Quote from: Kakmakr on August 15, 2018, 01:59:17 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 so, hopefully the this will be the start of recovery of bitcoin and will be the start of recovery of all coins since we are now entering the most a waited BER months. I believe bitcoin will make us again happy.

Kakmakr

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Re: Is Bitcoin in a DotCom recovery phase?

August 16, 2018, 06:27:28 AM

#11

Quote from: gentlemand on August 15, 2018, 03:27:55 PM
Quote from: eternalgloom on August 15, 2018, 05:51:55 AM
From the article:
Quote
Despite bitcoin's aspiration to be a safe haven asset, the cryptcurrency has not seen a rally with the stumble of the Turkish lira.

Now this is also something I'm curious about, I mean we did see an increase in volume on Turkish Bitcoin exchanges, but this hasn't resulted in the overall increase in price.

Why the hell would the average Turk bother when they can go and get some Euros or Dollars? It just doesn't make any sense if you're talking about serious wealth preservation. Bitcoin is no more than a plaything. It's not any type of safe haven and won't be for a long time.

It's the same as Greece and Cyprus. I'll bet at least 10 real Greeks or Cypriots bought Bitcoin during their crises. The rest of the associated rise was the same old pumpers using it as an excuse to get excited.

I will disagree with you on that. I personally helped a lot of people from Greece, when they asked for help on public forums and one organization even employed more people during that crisis to help with the adoption phase. < Paxful>? https://bitsonline.com/greece-bitcoin-economic-turmoil/

The thing is, we are steering off-topic with this discussion now, because I want to hear your opinion on Alt coin surviving in a DotCom type of scenario.

gentlemand

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Re: Is Bitcoin in a DotCom recovery phase?

August 15, 2018, 03:27:55 PM

#10

Quote from: eternalgloom on August 15, 2018, 05:51:55 AM
From the article:
Quote
Despite bitcoin's aspiration to be a safe haven asset, the cryptcurrency has not seen a rally with the stumble of the Turkish lira.

Now this is also something I'm curious about, I mean we did see an increase in volume on Turkish Bitcoin exchanges, but this hasn't resulted in the overall increase in price.

Why the hell would the average Turk bother when they can go and get some Euros or Dollars? It just doesn't make any sense if you're talking about serious wealth preservation. Bitcoin is no more than a plaything. It's not any type of safe haven and won't be for a long time.

It's the same as Greece and Cyprus. I'll bet at least 10 real Greeks or Cypriots bought Bitcoin during their crises. The rest of the associated rise was the same old pumpers using it as an excuse to get excited.

arpon11

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Re: Is Bitcoin in a DotCom recovery phase?

August 15, 2018, 03:20:46 PM

#9

Quote from: Kakmakr on August 15, 2018, 01:59:17 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 bitcoin is quite different from the dotcom bubble that happened some years ago. I have tried to understand how this cryptocurrencies market work and one thing that I have learned is that bitcoin and altcoins are the future of our capital and money market.

aoluain

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Re: Is Bitcoin in a DotCom recovery phase?

August 15, 2018, 02:55:11 PM

#8

I also think the alt coin bubble will burst, there is indeed far too many
alts going nowhere. I have mentioned in a thread about the idea of
liquidating useless alt coins back into something usefull like Bitcoin.

There will be a benefit to altcoins dying, it will result in an increase
in bitcoin market share.

rickadone

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Re: Is Bitcoin in a DotCom recovery phase?

August 15, 2018, 01:38:26 PM

#7

People have been comparing bitcoin bubbles with dotcom bubble for about 8 years now. How about we call it what it is ? Crypto bubble ? It is something itself. It doesn't matter that it fell because even on dotcom bubbles burst we see that some of the bad ones fall apart however today we have biggest companies as tech companies, look at apple which was the first company to hit 1 trillion dollar valuation in history. Bubbles can be bad but it can be very helpful of dropping the dead weight of bad scam coins and keeping the good ones and making people invest only on those which will help us get them to higher prices a lot quickly because the focus is on less coins.

PIMPdev

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Re: Is Bitcoin in a DotCom recovery phase?

August 15, 2018, 11:31:42 AM

#6

I told that bitcoin is not the bubble and get will rise from the Ashes like you have said, but for now we're having only suffering and we've been on the bitcoins grave. And who knows how long it will last.

jseverson

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Re: Is Bitcoin in a DotCom recovery phase?

August 15, 2018, 08:13:16 AM

#5

Quote from: eternalgloom on August 15, 2018, 05:51:55 AM
From the article:
Quote
Despite bitcoin's aspiration to be a safe haven asset, the cryptcurrency has not seen a rally with the stumble of the Turkish lira.

Now this is also something I'm curious about, I mean we did see an increase in volume on Turkish Bitcoin exchanges, but this hasn't resulted in the overall increase in price.

I actually tried to get to the bottom of that here:

Quote from: jseverson on August 13, 2018, 08:56:16 AM
Quote
Koinim, Turkey’s largest exchange, has reported a 63% increase in Bitcoin trading volume, while the BTCTurk and Paribu exchanges have said their volumes are up 35% and 100% respectively, according to CoinMarketCap data.

If we do the math, we end up with:

Koinim: $144,577.3
BtcTurk: $1,679,437.03
Paribu: $3,343,241.5

Those were the (very) rough starting numbers before the reported growth, which led to these numbers from a few days ago:

Quote from: jseverson on August 13, 2018, 04:13:40 AM
For some perspective, here are the listed exchanges' Bitcoin 24h trading volumes as of this moment according to Coinmarketcap:

Koinim: $235,661
BtcTurk: $3,367,240
Paribu: $6,686,483

There may be other Turkish exchanges, but I just assumed that the article in the thread quoted listed the most relevant ones. Their starting volumes are pretty low, so even significant changes in percentage points still result in low numbers. It's great that some Turkish citizens are finding solace in Bitcoin, but it's not like everyone started buying up as some articles may want you to believe. It's definitely not enough to raise global prices by a substantial amount.

eternalgloom

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Re: Is Bitcoin in a DotCom recovery phase?

August 15, 2018, 05:51:55 AM

#4

From the article:
Quote from: Kakmakr on August 15, 2018, 01:59:17 AM
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?

We can't speak for every altcoin, but I do think that a large portion of them will disappear, just because it will become more and more obvious that they aren't solutions to real world problems.
How many coins and ICOs are there that claim they will revolutionize X type of industry, while in most of the cases those industries do not even benefit from having a blockchain-type solution.

There are a lot of investments going into projects that do not have the slightest chance at success. The sooner people get their money out of those coins/tokens, the less diluted the market will become.
Crypto investors seem to be very opportunistic, investing millions in projects that look good on paper perhaps, but in reality have very questionable goals.

billygarrison

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Re: Is Bitcoin in a DotCom recovery phase?

August 15, 2018, 05:20:22 AM

#3

Quote from: Kakmakr on August 15, 2018, 01:59:17 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, 01:59:17 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

MaryKiTy22

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Re: Is Bitcoin in a DotCom recovery phase?

August 15, 2018, 04:41:54 AM

#2

otcom is seen by economists as a major financial failure. The downturns of dotcoms are only a small part of the overall Internet economy, as bitcoin is the current investment trend of the market.

Kakmakr

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Re: Is Bitcoin in a DotCom recovery phase?

August 15, 2018, 01:59:17 AM

#1

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?

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