Was 2017 the "Golden Year of Crypto"? - page 20.

blckhawk

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Quote from: tvplus006 on September 24, 2020, 02:49:23 PM

Quote from: Abiky on September 24, 2020, 02:43:45 PM

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Do you think that 2017 was the "Golden Year of Crypto"? Or is the best is yet to come? Your input will be greatly appreciated.

We can't say that 2017 is the "Golden Year of Crypto", as we are at the very beginning of the development of crypto. I am sure that there will be many more surprises in the future, which will be associated not only with the price of BTC. but also the appearance of new altcoins that will attract attention.

Precisely. We cannot say that 2017 was the "Golden year" but rather one of the best era instead. I am pretty sure that there will be a new ATH to come but we don't know when though. I agree that we are just in the beginning, though several countries are now acknowledge the existence of these currencies but still some of them are still are having a doubt. Well, we cannot blame though. Apparently, the reason why crypto surge this half of the year is because of the pandemic, this pandemit drastically hit the stock market and so investors choose to put it on crypto. That could also be the reason why DeFi programs are now hyped.

Bitstar_coin

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So far I think yes,. 2017 was the Golden Year of Crypto, there has not been any year like it, it was a great year for many crypto enthusiasts and most especially for those who utilize their opportunity properly during that period, I hope to see another 2017 again in the near future.

meanwords

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The golden years for scammers and fraudsters I guess. A lot of people and investors are still ignorant back then which is why most cryptocurrencies pump even though they are useless. Though it is also the time where Bitcoin was widely known. We can't deny the impact of 2017 event in the growth of Bitcoin but I think it's still not the golden years of Bitcoin.

hongchao123

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Years before 2017 was golden years. 1k growth yearly, it was great time...

TIDOVEE

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2017 was really a remarkable year so far in bitcoin history, even though we are expecting more and better this coming 2021, it was 2017 that actually brought bitcoin main limelight
There was a quick financial turn around positive for most participants.In my country many started making enquir I enjoyed it but I wished I enjoyed more and I can't wait to take the best advantage on the next bull run.

slackovic

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Quote from: Leonard2016 on September 25, 2020, 01:50:15 AM

I've missed that year badly man!
When some shitcoins were 100x from what they are now , I remember ethereum blue got 2$ then and now 0.001$ , everything pumped then , I loved it , was so much easier to make money out of crypto , this year is not bad too but in Defi section and yield farming!

Oh my God! Ethereum Blue... You just remembered me about that project. Is it still alive? I remember earning a lot of money back then when it pumped. But the problem is that back then no one could earn money when BTC price was going down. Now we have futures and leverage trading where "big guys" can earn money when BTC price is falling so for them it's not important that price go up. It just has to be volatile to earn money.

I believe that the BTC and other crypto prices will rise again, but no one knows when. Something has to start the next bull run. It won't happen on it's own.

Debonaire217

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Quote from: masphie on September 25, 2020, 01:46:15 AM

May be yes may be no.
If we want to know about that, let see in next year 2021.
And i think bitcoin will be higher than 2017.

Each year, bitcoin is developing in terms of its price, becoming more expensive which is good for hodlers. And also in terms of market adoption. We just experienced a good hype in cryptocurrency holistically in 2017, but this doesn't mean that this kind of scenario will not going to happen again. Right now, altcoins are getting better, but one thing I noticed is that, these altcoins are following the price of bitcoin. Meaning, the more projects that is getting better, the more people will buy Bitcoin because sooner or later, they will also notice this pattern of Bitcoin leading almost all the cryptocurrency to increase their market price.

Leonard2016

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I've missed that year badly man!
When some shitcoins were 100x from what they are now , I remember ethereum blue got 2$ then and now 0.001$ , everything pumped then , I loved it , was so much easier to make money out of crypto , this year is not bad too but in Defi section and yield farming!

bitbollo

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2017 has been a very strong year for all cryptocurrencies. Jut search on coinmarketcap any coins available on that period and take a look of the prices. Everything was going very strong in the market. there a was a record each day for weeks and weeks.
Probably we must wait a bit before to see another year like that for our crypto but I am pretty sure the best is yet to come for some projects launched on that period.

masphie

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May be yes may be no.
If we want to know about that, let see in next year 2021.
And i think bitcoin will be higher than 2017.

Francis Freeman

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It certainly looks like 2017 is THE year in crypto as it set the standard as far as market cap is concerned but I feel that the crypto market is evolving now and is more mature . I am still hopeful that we will see a good run in the future .

inanilujimi

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Until now 2017 remains the best, almost all ICOs in that year get the highest sales target before the ICO ends. and people in droves want to buy before they are on the exchange. because almost any ICO can benefit x10 - x100 in just a few days.

maydna

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Yes, I think 2017 was the golden year of crypto. After all, we saw that many coins could increase so high, especially bitcoin, at least temporarily because we don't know if there will be another golden year for crypto. But that was the biggest jump for bitcoin to touch that price because we never imagine seeing bitcoin can touch almost $20k.

I am sure that there will be another golden year of crypto, and it will happen in the future, but we need to be patient. We will see the next golden year soon because bitcoin has the opportunity to touch the new ATH in the next coming bull run.

TravelMug

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Quote from: Abiky on September 24, 2020, 02:43:45 PM

Do you think that 2017 was the "Golden Year of Crypto"? Or is the best is yet to come? Your input will be greatly appreciated.

How can we say that we have the golden year when the market is still very young. I would say that it was a time though that somewhat put crypto into mainstream media, and I think the best is yet to come.

There could be new projects that can sweep under and become the next gold standard. Or crypto really taking off be adopted from Africa to Asia.

Quote from: Abiky on September 24, 2020, 02:43:45 PM

2017 began as a bullish year for Bitcoin and other cryptocurrencies on the market. I remember when BTC went from $1k to almost $20k in just 2017 alone. That's a massive price increase never before seen in the history of crypto. During that time, new projects started to rise with ambitions to make our world a better place. ICOs where a big hit, followed by Bitcoin-based forks like Bitcoin Cash and Bitcoin Gold. Many who invested prior to the bull market of 2017, have made exponential gains in a short amount of time. It was crypto's best moment as it went into the mainstream so quickly.

In terms of gains we might be hitting x2 or even more of the current all time high. So it will be another best moments for us. I think if we are going to see the "Golden Year', it could be some nations started to realised it adopted it just like what Japan or Australia did. Or maybe bitcoin becomes the new monetary currency globally.

hugeblack

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The price has risen in the years 2011 and 2013 to levels higher than doubling 20 times, so we cannot say that 2017 is the golden year.
Because the price has reached its highest peak does not mean that the matter will repeat, but all conditions are ready for this to happen, especially after the repercussions of covid19.
If we are talking about investment, it is wrong to base investment analyzes on data from the past and to wait, hoping that the price will rise.

OcTradism

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Quote from: Abiky on September 24, 2020, 02:43:45 PM

2017 began as a bullish year for Bitcoin and other cryptocurrencies on the market. I remember when BTC went from $1k to almost $20k in just 2017 alone. That's a massive price increase never before seen in the history of crypto.

Before talking about the golden year, 2017 (just call it as a golden year for now, in this thread, and it could be wrong to call it like that). Let's talk about one year before 2017, the year 2016. 2016 plays its role as a warming-up year for crypto market that help the market skyrocketed in 2017.

Why do I would prefer to mention about 2016? Yes, we have been being in 2020 and I think its role as same as 2016. It is obviously that I am expecting to see the year 2021 as nearly same as 2017.

Quote

During that time, new projects started to rise with ambitions to make our world a better place. ICOs where a big hit, followed by Bitcoin-based forks like Bitcoin Cash and Bitcoin Gold. Many who invested prior to the bull market of 2017, have made exponential gains in a short amount of time. It was crypto's best moment as it went into the mainstream so quickly.

It is exactly what we have been witnessing now, isn't it? The DeFi trend wakes up many dead projects. They swapped from dead algorithms to ERC20 and other lively chains, just to join the DeFi party. Newborn projects are created every day. It is a scam wave.

Despite of such facts from the scam wave, from greedy scammers, I see positive things from 2020, as a preparation for a better market in 2021.

TimeTeller

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Quote from: nelson4lov on September 24, 2020, 04:43:05 PM

In my opinion, I think the best is yet to come for Bitcoin and the whole of crypto. The 2017 bull run was never meant to be sustainable and it wasn't healthy for a market to keep growing without retracing or correcting. As much as we want the market to behave that way, It can't be, unfortunately. I remember it was fueled by the aftermath of bitcoin's halving, ICOs, limited real world use cases and we also had a lot of speculators than actual crypto users who were only interested in how high Bitcoin went in the shortest time possible.

Right now, We haven't had an epic run like that of 2017 but I'm impressed with how far we have come. So far so good, there are more "actual" users and crypto is getting adopted with each passing day from merchants & stores, to companies making use of crypto as their primary payment method to using crypto for everyday activities like paying for a cup of coffee thanks to the crypto debit cards and Bitcoin ATMs available in different parts of the world.

We'll have another chance and this time, we'll go beyond a $1 trillion marketcap.

Same here. I believe the best is yet to come.
Though 2017 was a good year, but that year taught us so many lessons when it comes to investments and blockchain projects.
As the adoption is still growing, we can say that we really have come far in this journey.
Start worrying if no more users are interested to explore their opportunities in crypto.
But here we are, experiencing the golden times of defi, and what's next?

nelson4lov

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In my opinion, I think the best is yet to come for Bitcoin and the whole of crypto. The 2017 bull run was never meant to be sustainable and it wasn't healthy for a market to keep growing without retracing or correcting. As much as we want the market to behave that way, It can't be, unfortunately. I remember it was fueled by the aftermath of bitcoin's halving, ICOs, limited real world use cases and we also had a lot of speculators than actual crypto users who were only interested in how high Bitcoin went in the shortest time possible.

Right now, We haven't had an epic run like that of 2017 but I'm impressed with how far we have come. So far so good, there are more "actual" users and crypto is getting adopted with each passing day from merchants & stores, to companies making use of crypto as their primary payment method to using crypto for everyday activities like paying for a cup of coffee thanks to the crypto debit cards and Bitcoin ATMs available in different parts of the world.

We'll have another chance and this time, we'll go beyond a $1 trillion marketcap.

laredo7mm

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That is just the beginning of crypto evolution. Now we have seen a lot of projects that have a uniqueness which makes them valuable. We can call 2020 is a golden year of crypto. We have seen mass adoption of the DeFi and coin market cap increase significantly. Now there are other projects that also matter to investors beside BTC. I do not think this DeFi hype anything like the ICO hype of 2017.

XCANA

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Quote from: r32godzilla on September 24, 2020, 03:35:54 PM

It was the most profitable year because it was so easy to gain a thousand percent profit with almost every ICO or altcoin. Now, there are profits, but it is really hard to predict which coin will explode to the moon. Currently, we no longer see such increases on DeFi coins.

Don't forget that, during the 2017 in the eyes of ICO things where good because of their new invention compared to this 2020 with the event of Defi, this two event has actually helped in the beginning to a new era in the cryptocurrency industry. What happened in 2017 has taught us a big lesson that we won't take this 2020. The hype of 2017 did more harm than we thought and investors are just be careful with the 2020 hypes.

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