Interesting that not a single poster so far shares my concern. I guess you will need to see a bear market first.
Topic: What is happening currently with cryptocurrencies - page 3. (Read 3144 times)
legendary
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It seems pretty funny for me, because you need to spend the money to buy any coin, even the cheapest one. It means that a big part of people are willing to invest their hardly-earned money just for some hope, that they will get into such a big rise as we have seen on bitcoin. People in this world (the crypto one) are way too greedy, this is why so many shit alts are being created. Because people are just willing to invest in them no matter what, so basically every single shit/scam/dead coin gets at least some of the marketshare. But still, BTC will remain on top of the whole hierarchy.
The reason for such is simply to the best of my understanding is because most of those details are too technical for lay understanding and they the writers forgets that its not everyone that understands all this and won't even bother. So the moment one or two people recommend the project and the developers have a lot of money to do advert and you see this advert everywhere you turn to on social media, people just believe its the next big thing to happen until its too late to turn back.
Everyone knows BTC is king so everyone will return back home
This was true up till now... but if Bitcoin will stay the king is more in doubt than ever. That was the point of the meme.
There's a lot of things going on in the crypto word, lot's of interesting things happening out there, lot's of cool projects being worked on, some of them with a completely different idea in mind than BitCoin, so they are not always in direct competition with one another.
Just like the stockmarket. It is in a bull run.
Investors buying cheap coins -> price up -> intelligence people buying -> price up -> idiots seeing price going up starts buying -> investors and intelligence people dump on the idiots -> price plummets.
Just like the stockmarket. It will become a bear run.
Wait roughly a year then repeat.
Investors buying cheap coins -> price up -> intelligence people buying -> price up -> idiots seeing price going up starts buying -> investors and intelligence people dump on the idiots -> price plummets.
Just like the stockmarket. It will become a bear run.
Wait roughly a year then repeat.
moatly altcoin is the way scammer to get bitcoin, but there are also many altcoin with clear path and clear roadmap, do some research before u invest in some alt coin
And getting rich means getting more Bitcoins, that's the goal of all alt-trading.
i think the next year or two will decide whether this is true or not. definitely the case in 2013. i'm not convinced it's true any more.
I think the transaction being slow is because of the huge number of the people using it,
And I think pumping and dumping of some coins is normal in the crypto world.
And I think pumping and dumping of some coins is normal in the crypto world.
It will be interesting to see when the alt bubble pops and if that money flows into BTC or not.
That is my expectation indeed, if Bitcoin ever solves the scaling problem. If that happens, I expect Bitcoin to quickly double (or more), draining the market share of altcoins.In the end, who wants to have NEM, Golem, Augur or PIVX? Of course they're only used to get rich quickly, created by someone who felt he joined Bitcoin too late and started his own. And getting rich means getting more Bitcoins, that's the goal of all alt-trading.
anyone who believes bitcoin is destined to always have 80% or more of 'market share' needs a reality injection. people were always gonna flock to other coins too. sometimes because it does a better job than bitcoin, or a job it can't do at all, but mainly to make more money.
if you think there's more money to be made in the next few years by sitting on bitcoin rather than betting on alts then i wish you luck, but you might end up feeling unhappy.
if you think there's more money to be made in the next few years by sitting on bitcoin rather than betting on alts then i wish you luck, but you might end up feeling unhappy.
Bitcoin is at almost 1400 dollars, Etherum almost 80 dollars, Dash is above 80 dollars and Zcash is above 70 dollars. It looks like the Bitcoin development is moving into a next level, in economic terms speaking. 2000 dollars for a bitcoin should be highly possible for the year we are in the 2017. In 2018 Russia has said will recognize bitcoin legally and I think in 2018 we can realistically see a bitcoin in the price of 10.000 dollars.
Crypto s growing and developing, that s what s happening. Everyone holding any significant amount of important first 5 crypto will be a very rich person in 3 years.
So, if you still don't have enough, give your best accumulate every single sathosi, ether, dash of factom you can place your hands on.
If you do have enough, well, if I were you, I d go and pick a colour. For your Lambo!
Cause it aint gonna stop.
So, if you still don't have enough, give your best accumulate every single sathosi, ether, dash of factom you can place your hands on.
If you do have enough, well, if I were you, I d go and pick a colour. For your Lambo!
Cause it aint gonna stop.
Money is money, and whenever an opportunity to make more money calls, that's where people would go and try to make a slice of the pie for their own. Interestingly, these people doesn't seem to care about certain things about these coins they throw their money at, and I'd like to see what he aftermath would be after the alt bubble pops.
It is indeed a good year so far for the cryptocurrency world. People are becoming rich left and right because of this "bubble" as pros would like it to call. The important thing is to ride this wave and make the most out of it. Keep making money when it is possible but don't get too cocky about it. Bursting this bubble is always a possibility so it would be best to stay vigilant about it. We don't know when this will happen but being aware of it would be very helpful in the future.
this alt pump is clearly a bubble and ETH is a joke with devs holding huge amounts and completely centralied 
Maybe it will not be bitcoin versus altcoins anymore, maybe in the future the growth of bitcoin will be accompanied by the growth of some altcoins that will take advantage of its wake. Right now Ethereum and Ripple seem to be well positioned. For example, Ripple is being adopted by the banks so I guess it will be difficult that this falls.
Everyone knows BTC is king so everyone will return back home
This was true up till now... but if Bitcoin will stay the king is more in doubt than ever. That was the point of the meme.
Are you sure about that? Are you willing to exchange your BTC for other coin? If you think another coin can take the lead away from BTC, then buy that one and become rich, but it's easier said than done.
Crypto is a way for people to become rich speculating like we've never seen before, it's bio/startups/penny stocks on steroids. Anyone could be holding the right coin that goes 100-1000% and become a millionaire, but they know that when they get those type of gains they are going back to BTC and they will sell a part to their fiat currency if they live in a stable country and leave the rest in BTC because BTC is becoming a solid gold alternative.
It will be interesting to see when the alt bubble pops and if that money flows into BTC or not.
It seems pretty funny for me, because you need to spend the money to buy any coin, even the cheapest one. It means that a big part of people are willing to invest their hardly-earned money just for some hope, that they will get into such a big rise as we have seen on bitcoin. People in this world (the crypto one) are way too greedy, this is why so many shit alts are being created. Because people are just willing to invest in them no matter what, so basically every single shit/scam/dead coin gets at least some of the marketshare. But still, BTC will remain on top of the whole hierarchy.
Everyone knows BTC is king so everyone will return back home
This was true up till now... but if Bitcoin will stay the king is more in doubt than ever. That was the point of the meme.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Everyone knows BTC is king so everyone will return back home
This was true up till now... but if Bitcoin will stay the king is more in doubt than ever. That was the point of the meme.
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