Topic: Is Crypto/Blockchain hype over? - page 4. (Read 1135 times)
I believe that cryptocurrency hype was already over since 2018, But the blockchain technology i don't think so, the technology was very useful in our present society it can be used in different industries as well for transparency and governance that's why i believe that the blockchain revolution is not a hype. But it was a timely needed to address the problems in our time.
Yes the hype is not what it used to be in 2017 and a simple Google trends analysis shows you this,
https://trends.google.com/trends/explore?date=today%205-y&q=bitcoin
Looking at the chart, when we pumped to $13.8K back in June the peak interest was only 25% of what it was in 2017. And most people I talked too who were involved in 2017 simply moved on to other things like stocks.
There are still investments being made like the Kraken futures purchase of like 8-9 figures (forgot which exactly) and there is still marketing being done by Gemini all over New York City, however its nothing like 2017 were everybody was talking about Bitcoin.
I think it would need to break the $20K mark to make the overall interest rise again. With price declining its certainly not the case anymore.
The problem is whether investors will invest in it again in the second and especially subsequent times after the price drop of Bitcoin, when it will once again rise high in price. Investing large amounts when they know that bitcoin may fall again after a while, psychologically it will be difficult. Therefore, I do not believe that in the future bitcoin can reach predicted very high price values. https://trends.google.com/trends/explore?date=today%205-y&q=bitcoin
Looking at the chart, when we pumped to $13.8K back in June the peak interest was only 25% of what it was in 2017. And most people I talked too who were involved in 2017 simply moved on to other things like stocks.
There are still investments being made like the Kraken futures purchase of like 8-9 figures (forgot which exactly) and there is still marketing being done by Gemini all over New York City, however its nothing like 2017 were everybody was talking about Bitcoin.
I think it would need to break the $20K mark to make the overall interest rise again. With price declining its certainly not the case anymore.
Hype already over or not, maybe with halving that will come can make bitcoin/crypto hyped again. I mean, i believe out there a lot of people still don't know what benefit of crypto, and if they get information in the right way, i think they will attracted to crypto, and if it did in mass, there will be big possibilities if crypto can be hype again like in last ATH.
The hype around Blockchain is not over, it's far from over. Now it's just a period when things are moving slowly, prices are volatile in some range, there're news around, but nothing big and spectacular. This period is slow, for now, but that will change eventually.
Chances for new all-time high prices are definitely high. I believe that is almost around the corner and that we don't need to wait for much longer, we are in bear faze for almost two years, any time soon will get out from that faze.
The price in the cryptocurrency market since 2018 has been declining,
Price has nothing to do directly with the market. Its adoption that one should aim for. Spreading awareness and making people understand why crypto can be an alternative method to transact is important. Quote
the number of ICOs and new projects are constantly appearing.
Thats called quantity, not quality. Whether these projects are worth spending money on is a question of quality not quantity. In face 99% of the projects are a failure. So whats the point in having a market where there is a complete flood of shitcoins and only bitcoin to keep for future?Quote
I also feel Blockchain is not necessary for everything.
This is debatable. Bitcoin was a use of blockchain and since altcoins never develop their own ideas, they follow bitcoin and thus blockchain was used. I am yet to see a non-blockchain altcoin project. Correct me if you know any though.
I can say that ICO hype is over but crypto and blockchain technology will still continue to grow and maybe make an epic comeback in the next coming years. Crypto investors just became wise after their bad experience during the ICO hype but for sure they will invest again in cryptocurrency once they see another good opportunity or if crypto projects become profitable again.
Exactly the ICO hype is over but if the crypto hype is over then why the company like facebook, a country like China, France are looking to build their own cryptocurrency? Actually every county and the big companies are exploring the blockchain. The blockchain era has not yet came it is about to come.
The price in the cryptocurrency market since 2018 has been declining, the number of ICOs and new projects are constantly appearing. I also feel Blockchain is not necessary for everything.
I can say that ICO hype is over but crypto and blockchain technology will still continue to grow and maybe make an epic comeback in the next coming years. Crypto investors just became wise after their bad experience during the ICO hype but for sure they will invest again in cryptocurrency once they see another good opportunity or if crypto projects become profitable again.
With ever-declining prices on the crypto market since 2018, there has been a decline in the number of ICOs and the emergence of new crypto projects within the mainstream world. 2017 was believed to be the golden year of crypto and Blockchain technology as people invested massively across the market. Crypto startups, companies, and businesses have been largely successful since then. Due to the hype, we've seen many projects come up with a Blockchain solution for nearly anything in life. But the truth is that Blockchain is not needed for absolutely everything.
It's today, and there seems to be a decline in crypto interest among people in the mainstream world. The number of crypto startups and companies have been reduced too. Does this mean that the crypto/Blockchain hype is finally over? Or is it still going on?
What are your thoughts?
Actually,emergence of new project era was over even they tired with new strategies like IEO and STO but none of them are working like before.It's today, and there seems to be a decline in crypto interest among people in the mainstream world. The number of crypto startups and companies have been reduced too. Does this mean that the crypto/Blockchain hype is finally over? Or is it still going on?
What are your thoughts?
But crypto adoption is happening all around the world like new crypto trading and gambling platforms,more regulatory measures from governments,big companies started to create a crypto for their own,etc..
With ever-declining prices on the crypto market since 2018, there has been a decline in the number of ICOs and the emergence of new crypto projects within the mainstream world. 2017 was believed to be the golden year of crypto and Blockchain technology as people invested massively across the market. Crypto startups, companies, and businesses have been largely successful since then. Due to the hype, we've seen many projects come up with a Blockchain solution for nearly anything in life. But the truth is that Blockchain is not needed for absolutely everything.
It's today, and there seems to be a decline in crypto interest among people in the mainstream world. The number of crypto startups and companies have been reduced too. Does this mean that the crypto/Blockchain hype is finally over? Or is it still going on?
What are your thoughts?
It's today, and there seems to be a decline in crypto interest among people in the mainstream world. The number of crypto startups and companies have been reduced too. Does this mean that the crypto/Blockchain hype is finally over? Or is it still going on?
What are your thoughts?
It happens on how you understand the main benefits of the use of blockchain technology. The decline in the prices of most cryptocurrencies has nothing to do with over hype or under hype of blockchain technology. The entire world have not seen the true significance of blockchain technology. Majority of crypto projects or companies in the crypto space are just interested in profits rather than developing projects to solve actual problems. This is the main reason why there are decline in the market value of most crypto coins...
The hype is over, but the big upside is yet to come. I'd better correct myself - the retail hype is over and they will be the last to get in back into the markets when the market goes to new ATH. I'm not talking just about Bitcoin, but altcoins as well. People don't understand that there is a very limited supply of BTC. When they will trully understand that it's going to be too late aka the upside potential will me much smaller than now. If BTC is really the currency of our future then, if you buy now, you have a multiple 10x or even 100xs risk reward ratio right now at this price. Just do the maths yourself and you will see.
With ever-declining prices on the crypto market since 2018, there has been a decline in the number of ICOs and the emergence of new crypto projects within the mainstream world. 2017 was believed to be the golden year of crypto and Blockchain technology as people invested massively across the market. Crypto startups, companies, and businesses have been largely successful since then. Due to the hype, we've seen many projects come up with a Blockchain solution for nearly anything in life. But the truth is that Blockchain is not needed for absolutely everything.
It's today, and there seems to be a decline in crypto interest among people in the mainstream world. The number of crypto startups and companies have been reduced too. Does this mean that the crypto/Blockchain hype is finally over? Or is it still going on?
What are your thoughts?
It's today, and there seems to be a decline in crypto interest among people in the mainstream world. The number of crypto startups and companies have been reduced too. Does this mean that the crypto/Blockchain hype is finally over? Or is it still going on?
What are your thoughts?
Maybe the crypto hype ended because now investors are more realistic in choosing investments. 2017 is an interesting year for crypto but it also illustrates the hype that is happening in the market because almost all coins or tokens experience dramatic price increases. With current crypto market conditions, investors are more careful in choosing investments and only choose coins or tokens that have products or partnertship with good companies
not like in 2017, they choose the bad thing but still get profit
so, this is just matter of time, coins and tokens would rise again
But I hope that in the next bull run, investors would be smart to choose
it is needed for healthy growing in cryptocurrency world.
I think that the development of cryptocurrencies is cyclical, and there are still bursts of interest in the cryptocurrency market. Even this year, Bitcoin showed good growth, although the market was considered bearish and without prospects. I don’t presume to make forecasts for the timing, but we can see the next round of growth as early as next year
The recurring market cycle has never been wrong so far, next year is a time of proof, analytically I am also waiting for how the blockchain which is finally recognized by the government is able to make a big difference in crypto, we also need to think not just stuck in the short term aspect, hype is something that relative and not something strange if it will continue to appear in situations that return positive.
I think most people hype when the going is good only. They do not think of the long term as much as they should and only focus on what they can buy when they profit from bitcoin. It is a technology it should be supported and believed in. It should not be only loved when it does well. Those people are there for the wrong reasons. The ICO caused lots of hype as well for some reason, I still cannot understand it. Since then it has been relatively quite which I also don't understand because it's not the projects it's the people investing in crap. Now they paint all ICO with the same paint brush.
I believe the hype done probably. But its better to start with more reliable adoption than so high crypto price but manipulative and based on hype. I guess 2017 is the year that becomes fruitful for blockchain. Investors now are having sideways and the recovery for the loss investment last 2017 of course includes investors leaving the crypto market too.
yes, because the decline in market value in crypto makes investors still hesitate to enter.
now market conditions have improved somewhat, although it has not yet shown an increase.
but in 2020 many people predict the market will rise because there will be lots of news and some countries that have legalized crypto, we'll see.
The bull market being over doesn't mean that cryptos are all of a sudden dead.
However, I do agree with the fact that hype, or at least bullish sentiment has depreciated drastically over the past few years. One there has already been significant maturing processes that have happened with the market which obviously reduces the amount of hype within the market.
It's actually good that we're seeing less hype in some regards. Especially ICOs for that matter.
However, I do agree with the fact that hype, or at least bullish sentiment has depreciated drastically over the past few years. One there has already been significant maturing processes that have happened with the market which obviously reduces the amount of hype within the market.
It's actually good that we're seeing less hype in some regards. Especially ICOs for that matter.
I think that the development of cryptocurrencies is cyclical, and there are still bursts of interest in the cryptocurrency market. Even this year, Bitcoin showed good growth, although the market was considered bearish and without prospects. I don’t presume to make forecasts for the timing, but we can see the next round of growth as early as next year
Hype already over or not, maybe with halving that will come can make bitcoin/crypto hyped again. I mean, i believe out there a lot of people still don't know what benefit of crypto, and if they get information in the right way, i think they will attracted to crypto, and if it did in mass, there will be big possibilities if crypto can be hype again like in last ATH.
The hype around Blockchain is not over, it's far from over. Now it's just a period when things are moving slowly, prices are volatile in some range, there're news around, but nothing big and spectacular. This period is slow, for now, but that will change eventually.
Chances for new all-time high prices are definitely high. I believe that is almost around the corner and that we don't need to wait for much longer, we are in bear faze for almost two years, any time soon will get out from that faze.
Hype already over or not, maybe with halving that will come can make bitcoin/crypto hyped again. I mean, i believe out there a lot of people still don't know what benefit of crypto, and if they get information in the right way, i think they will attracted to crypto, and if it did in mass, there will be big possibilities if crypto can be hype again like in last ATH.
I would say market is stabling now. Yes, in the start many invetors, ICO projects jumped into this but not all survived. All those who were not serious or looking for short term gains are getting out. Now we have majority of mature investors and projects with real use case. with time things will get more and more stable. Seeing the crypto market cap I dont think this saga is over.
With ever-declining prices on the crypto market since 2018, there has been a decline in the number of ICOs and the emergence of new crypto projects within the mainstream world. 2017 was believed to be the golden year of crypto and Blockchain technology as people invested massively across the market. Crypto startups, companies, and businesses have been largely successful since then. Due to the hype, we've seen many projects come up with a Blockchain solution for nearly anything in life. But the truth is that Blockchain is not needed for absolutely everything.
It's today, and there seems to be a decline in crypto interest among people in the mainstream world. The number of crypto startups and companies have been reduced too. Does this mean that the crypto/Blockchain hype is finally over? Or is it still going on?
What are your thoughts?
It's today, and there seems to be a decline in crypto interest among people in the mainstream world. The number of crypto startups and companies have been reduced too. Does this mean that the crypto/Blockchain hype is finally over? Or is it still going on?
What are your thoughts?
Maybe the crypto hype ended because now investors are more realistic in choosing investments. 2017 is an interesting year for crypto but it also illustrates the hype that is happening in the market because almost all coins or tokens experience dramatic price increases. With current crypto market conditions, investors are more careful in choosing investments and only choose coins or tokens that have products or partnertship with good companies
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