Topic: What will be the next crypto craze? - page 13. (Read 2884 times)

After the ICO market plummeted and it turned out that even some of the most promising and well-funded projects can't deliver according to expectations, I barely followed the next big things. Some of them were just hype, others managed to cut out a niche for themselves (like NFTs). I don't know what the next craze will be (maybe CBDCs at some point), but I don't think it will revolutionize the industry. Best case scenario, it has its brief popularity and then remains something occasionally remembered and used by others. If ICOs couldn't make Bitcoin less significant, I don't think anything can, until we have a major breakthrough which doesn't seem to be around the corner.

I would say it is the opposite.  These phases did more harm to Bitcoin than good and Bitcoin was the push for Altcoins.

I think one of the reasons Cryptocurrencies are still alive is because Bitcoin does not drop by 95 to 98 percent every bearish market.  If that happened, nobody would continue mining.  But Bitcoin is as strong as it ever was while Altcoins keep showing the same vulnerability.  They come up, pump, dump and then vanish like they never existed.

Honestly.  All these crazes are actually just a false hope.  What do we have after all the phases you mentioned?  Bitcoin on the BNB chain?  Decentralized Exchanges like Pancake Swap which are not really as Decentralized as they seem?  Coins like Shiba Inu living ultimately on the hype because they have no real purpose other than bringing fuss in the market?  LUNA, showing us how 'smart' a Coin can be and how easy it is to self destroy as an Altcoin?  Or do we have Decentraland which pumped just because Metaverse became a trendy term in the past year and will probably die until 2024?

To newcomers who want as big profits as Shiba Inu got the early holders, Bitcoin is not attractive.  Bitcoin brings only a few hundred percent profits while, in their mind, Altcoins can bring thousands to tens of thousands.  To them, Bitcoin growing is exciting because the Shit coin they are holding will also get more expensive.  And when markets dump, most of them will sell and whine, fewer will continue purchasing their Shit coins to DCA their losses since their Coins are now worth nothing and fewest will turn to Bitcoin.

Bitcoin was not helped by any of the phases you mentioned.  It was the opposite.  Bitcoin keeps growing and growing while Altcoins get increasingly more Centralized, opposing Bitcoin's core values.  If you want my honest opinion, Altcoins are regressing while Bitcoin keeps progressing.

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Regards,
PrivacyG

speaking of crypto crazes(not just bitcoin crazes)

NFT are currently under utilised, and seen as just 'art' copyright credits

when VR/gaming starts to replace standard webpages. where people can actually interact with webstores in a 3d environment then the NFT of 'land registry' and 'real estate' kicks in.

people wont just buy land plots on a VR server where there are premiums if retailer wants to be closer to VR mainstreet. but then inside their own 3d webstore they also have tokens to buy floor space/advertising inside their store. so that product brands can pay to be upfront in your face as avaters walk into the webstore or cheaply sat at the back corner of the webstore
...
blockchains are currently underutilised
they are seen as only store of value currency tools

there are a multitude of things blockchains can be used for over a global scale of nations, or international corporate offices or just whole normal people in different countries wanting a unified data set they can all trust

take a international education system where students across the planet can earn their diploma credits and have it all visible for employers to see.
Where the student can also use those credits internationally to enter further education at X level rather than having to start at the bottom.

even ID systems. whereby you can register an ID onto a blockchain. and due to having private key/signing privileges, you can choose who you give your 'proof of ID' to. and give them a key. where by if you find another business/entity uses that ID hash if they do not have the key to prove your authorisation. they breached your privacy. making suing them easier. and proving it in court easier to win

You are right, I completely forgot about the blockchain gaming craze. I guess blockchain gaming and gambling as well, have both contributed a lot for Cryptos and in general to Bitcoin, as it lured a lot of newcommers to cryptos and ultimately to Bitcoin.

You missed the play-to-earn blockchain games. It became a strong crypto craze for a while. You must have heard of Axie Infinity. And then there were also the blockchain bridges and the layer 2s. There was also a time when DeFi and swap platforms became a big hit. We are probably familiar with the likes of Uniswap, Sushiswap, Pancakeswap, and others. Just recently, there was also the Ethereum Name Service, ENS for short. We must have noticed a lot of .eth around.

I cannot predict what's next, but I think this Web3 thing has not yet gained full acceleration.

Bitcoin, because there's no crypto project can overtake Bitcoin hype, right now Bitcoin still on top 1 position with the highest marketcap and dominance, this is a proof if those shit project like POS, ICO, IDO, IEO, NFT, P2E, DEFI, CEFI, Metaverse etc are worthless and failed project.

I don't care if there's a hype about a new project that I haven't mentioned above, because it's just a matter of name while the projects doesn't have any utility or real case.

If they'll show that they've got prove that they own it then there could be the same trust and benefit as bitcoin. But it'll all depend too to what kind of coin is that.

Exchanges will be wiser this time.

They don't want to push away their customers and would take them as much as they can and will show everything to retain majority of them especially, the bag holders that still haven't learned the lesson that they shouldn't keep their funds on exchanges.

I think most of those phases have actually done more harm than good to the crypto industry. When there is a LUNA or FTX scam, the mainstream media uses Bitcoin as a scapegoat

I don't really care about the next craze or catchphrases, their purpose is always the same. Grabbing money from the gullible noobs with the promise of making them get rich quick only to defraud them. I mean, look at how many DeFis have collapsed and made people lose a lot of money.

I'm not quite sure. Things are just hard to predict in this industry. From ICOs, Memecoins, P2Es, and NFTs; no one managed to predict each of these trends' emergence. If I am about to guess the next trend, maybe it is again ICOs. Why? Campaigns are slowly coming back this year and I think it would continue for the next year to come. More projects are being released so I think it has a chance. But if there will be something that would rise, which is for sure, existing already in this industry, it could also be 'halving' of token which is somehow ringing a bell already this year. Bitcoin's next halving is believed to happen in 2024, and I think it could be the next big thing for this industry. I've mentioned different thing since we are talking about 'trend' and halving, alone, is not.

Well, in a way it relates to Bitcoin. Just think about it. All the phases I mentioned were of extreme importance for Bitcoin. Many used altcoins as a way to get Bitcoin, so it relates to Bitcoin because, in each one of these phases, Bitcoin had a push. Each one of these phases, draw a lot of attention and newcomers to Bitcoin as well as it helped Bitcoin to reach new Heights and to go mainstream.

there is still a big problem about the pegging/locking structure of subnetworks and sidechains where once on the other network there is a multitude of ways parties can scam/con and deceive each other

lets not make the craze related to a thing that is supposedly bitcoin related.

most of those systems of sub/side networks have bad risks and should not be treated as good as the mainnets they represent

there is too much of a push of silly fools wanting to game the system for foolish self profit who will try endlessly to call out the mainnets as unfit/broke to pull users to these subnetworks just to rip them off unless they are part of the club of scammers

we have seen it with stable coins and other tokens in the last 9 months

bitcoin should concentrate on bitcoin onchain features that do not break accounting proof of taint back to coinbase reward(some are proposing breaking this security feature)

develop it more onchain to allow more onchain usage because in the last month we have seen congestion caused by just one exchange. imagine if more than one exchange or subnetwork were to close out  accounts

then progress the offramp stuff for short use temporary services of niche utility. rather then trying to push everyone off the bitcoin network, to other networks which are not secure.

No one knows but the latest one is talking about DEFI/NFT's and then that POW to POS trend i assume for some projects or something like that.
It is really hard to know on whats the next trend considering that we didnt even expect for that NFT to become a shit trend where those arts do cost up millions of dollars.  
Lets just ride along the waves because there's no way on predicting on what would be the future looks like.It cant really be just easy to point out but of course
we could really make out some guesses and speculation but it wont be always a sure thing.

If you look at the Binance proof of reserve using Bitcoin, do you think start-up coins can have the same trust benefits as bitcoin?
The exchanges are the most powerful platforms in the space, won't they be able to detect the peak of the pump? It is my expectation that they will have enough information on onchain analysis to prevent a loss

I'm sensing that it's going to be that "proof of reserve" thing. These exchanges can make money from that thing and they'll just make it broader this time for which the investors will have to invest into something or anything that comes from them.

But whatever it is. What I'm sure of is when the dumping time comes again or the worst, the bear, they'll surely be forgotten again and the market will come up again with another craze.

This post is not particular to Bitcoin and should be moved to the altcoin discussion section.
It has always been the Bitcoin experience. With devs experimenting the blockchain model in-between to create some fairly useful or outrightly shitty new projects. But through it all, Bitcoin has been the one constant in the crypto space.

Hopefully a craze to use P2P platforms and get their bitcoins off exchanges. And, we get to see Lightening Network become more popular and adopted.

Cryptos have had many crazes all over the years. First, it was Bitcoin appearance.
right after that, there were the altcoins and soon after the ICOs, IPOs and all the O's thingy craze. Afterwards the PoS and stacking craze came to play and then smart contracts came around then the DAO Blow. Then the Cexes, the Dexes and right after that, we saw NFTs rise along with the metaverse. (I'm probably missing something). Now we just had the Merge.
Many of these phases have helped the crypto market achieve new highs and led the blockchain technology to go mainstream.
A lot of developments have been a part of the industry growth, so my question here is, what do you guys think will be the next craze in the industry?