Topic: When will the crypto-currency market become mature? - page 2. (Read 514 times)
I still think that the maturity of the market will depend on how the fears of the cryptocurrency bubble bursting play out....If a major dip occurs and is followed by an upswing and well defined corrections it will show that once again that cryptocurrency is being seen as a long term solution to many financial problems.
I still see that this is one of the biggest contradictions and problems in the crypto currency. The actual binding of almost all crypto currency to bitcoin in a price ratio creates a dead end in the development of the crypto currency. We see that the last six months the entire crypto-currency market has frozen in anticipation of the growth of bitcoin, without this coin and tokens themselves can not grow. Maybe in order for the crypto-currency market to develop freely it is necessary that bitcoin is wrecked?
Bitcoin is an investment, not a currency, says cryptocurrency entrepreneur Balaji Srinivasan.
The encryption market is still in the early stages of development, and the condition of a market maturity should be a huge industry to support it, and it is clear that bitcoins now have only magnified speculative attributes, and I think that when a lot of actual projects are combined with bitcoin and altcoin, it is time for a market to mature. At that time, the price of encrypted money market would be very small every day.
Although the voice of the bubble is getting louder and louder, the encryption market is actually moving in a mature direction. First, governments began to recognize the potential of cryptocurrencies and embraced them in some ways. Japan recognized bitcoin as a legal payment method in 2017 and proved several cryptocurrency exchanges operating in its territory. Russia announced plans to establish its own CryptoRuble cryptocurrency, and even Venezuela announced plans to launch its own cryptocurrency.
Other countries have begun to supervise the encryption market, which gives people hope that increased stability will bring more applications.
Other countries have begun to supervise the encryption market, which gives people hope that increased stability will bring more applications.
Heading into 2018, we are seeing this market move towards maturation based on various developments that have occurred worldwide. First, governments and regulators are starting to embrace the potential of cryptocurrency. Japan has already recognized Bitcoin as a legal method of payment, Venezuela has created a huge buzz surrounding its oil-backed coin, and the U.S. exchanges have begun offering Bitcoin futures.
Of course, a crash could always happen to flush out the underperformers, but remember, the same could be said of the stock market. In 2018, we can safely agree that cryptocurrency is much bigger than it was a year ago, not just in terms of value but also application.
Of course, a crash could always happen to flush out the underperformers, but remember, the same could be said of the stock market. In 2018, we can safely agree that cryptocurrency is much bigger than it was a year ago, not just in terms of value but also application.
I read the statement of Professor Cornell Emin Gen Cyr, who said that the mature market should have assets that work independently of each other.
"Indeed, a mature market should be decentralized, and independent prices for coins are untied, each of which is consistent with the future prospects of a particular coin," Sier said.
So far, virtually all the coins are repeating the price movements of bitcoin. So, when do we have a crypto currency market mature enough that coins and tokens develop on their own and do not depend on the price of bitcoin and what is needed for this?
This is indeed a good global issue, to which it is not yet possible to give an unambiguous answer. The crypto-currency market, we can say, has just started to develop, we saw that it is more dynamic and has a good survival rate in comparison with the stock market. For me personally, it is also a mystery why other crypto-currencies almost exactly copy the price movements of bitcoin and what needs to be done to get rid of it. What would happen if bitcoin were removed as trading pairs on the exchange? If we leave for this ethereum, litecoin and some others? Maybe the crypto currency would behave more freely? Or again, would it have been a tough price binding already to ethereum? If so, can it eliminate the direct trading pairs between the crypto-currencies, and leave only the pairs of fiat-fiat and fiat-crypto-currency? "Indeed, a mature market should be decentralized, and independent prices for coins are untied, each of which is consistent with the future prospects of a particular coin," Sier said.
So far, virtually all the coins are repeating the price movements of bitcoin. So, when do we have a crypto currency market mature enough that coins and tokens develop on their own and do not depend on the price of bitcoin and what is needed for this?
I read the statement of Professor Cornell Emin Gen Cyr, who said that the mature market should have assets that work independently of each other.
"Indeed, a mature market should be decentralized, and independent prices for coins are untied, each of which is consistent with the future prospects of a particular coin," Sier said.
So far, virtually all the coins are repeating the price movements of bitcoin. So, when do we have a crypto currency market mature enough that coins and tokens develop on their own and do not depend on the price of bitcoin and what is needed for this?
"Indeed, a mature market should be decentralized, and independent prices for coins are untied, each of which is consistent with the future prospects of a particular coin," Sier said.
So far, virtually all the coins are repeating the price movements of bitcoin. So, when do we have a crypto currency market mature enough that coins and tokens develop on their own and do not depend on the price of bitcoin and what is needed for this?
Crypto currency need some great recognition not from the government or such big financial institution but by the people if the public recognize bitcoin as a great alternative currency that can be legally tender and recognize by anybody then that would be the sign the market is in its greater highs or we should say its maturing point.
I feel that the maximum percentage of audience that uses this market is young. From my experience, a lot of young kids are involved in this. It doesn't mean that elders don't do trading, but majority of users are young.
For a market to become mature, a lot of trust is required and that trust can only be gained over time. The majority of trading only took after 2016 and so considering that, it has only been 2 years since trading was being done on large scale.
Maybe after a couple of decades we can see the market becoming mature.
For a market to become mature, a lot of trust is required and that trust can only be gained over time. The majority of trading only took after 2016 and so considering that, it has only been 2 years since trading was being done on large scale.
Maybe after a couple of decades we can see the market becoming mature.
Currently the bitcoin adoption rate is too small for the markets to mature enough and also the market caps of these coins is too low to be mature enough to have fiat pairs. With the increase in Bitcoin adoption rate the maturity rate will also increase.
I read the statement of Professor Cornell Emin Gen Cyr, who said that the mature market should have assets that work independently of each other.
"Indeed, a mature market should be decentralized, and independent prices for coins are untied, each of which is consistent with the future prospects of a particular coin," Sier said.
So far, virtually all the coins are repeating the price movements of bitcoin. So, when do we have a crypto currency market mature enough that coins and tokens develop on their own and do not depend on the price of bitcoin and what is needed for this?
"Indeed, a mature market should be decentralized, and independent prices for coins are untied, each of which is consistent with the future prospects of a particular coin," Sier said.
So far, virtually all the coins are repeating the price movements of bitcoin. So, when do we have a crypto currency market mature enough that coins and tokens develop on their own and do not depend on the price of bitcoin and what is needed for this?
I think that for this to happen so that cryptocurrency can be called mature by the definition that you have put forward. I think that this should be able to happen when the majority of the countries or even at least as a requirement that it be widely accepted as a part of the currency of the world. That way investors can see that this is independent and can be invested to it and would be part of the mature definition that you are referring to
I read the statement of Professor Cornell Emin Gen Cyr, who said that the mature market should have assets that work independently of each other.
"Indeed, a mature market should be decentralized, and independent prices for coins are untied, each of which is consistent with the future prospects of a particular coin," Sier said.
So far, virtually all the coins are repeating the price movements of bitcoin. So, when do we have a crypto currency market mature enough that coins and tokens develop on their own and do not depend on the price of bitcoin and what is needed for this?
Thats a very good question broo and i am not that good enough to answer that but you created a very good point...its true that evey altcoin is dependent on bitcoin..if bitcoin goes down the whole crypto-market goes down and i really hope this pattern to stop in future "Indeed, a mature market should be decentralized, and independent prices for coins are untied, each of which is consistent with the future prospects of a particular coin," Sier said.
So far, virtually all the coins are repeating the price movements of bitcoin. So, when do we have a crypto currency market mature enough that coins and tokens develop on their own and do not depend on the price of bitcoin and what is needed for this?
I think one point which might be missed is that you could have maturity in the Bitcoin market, without necessarily having maturity in the larger cryptocurrency market. When Bitcoin’s market capitalisation increases substantially, liquidity improves and the influence of whales wanes, then you can say that the bitcoin market has matured.
We have to wait for it as crypto is still a comparatively new thing as a crypto asset and it is in the initial development phase so more and more investors are joining it daily so it would be difficult to have high level of maturity during such situation but I am optimistic about next 5 to 10 years time span and we will have a clear picture of the whole technology in that period.
if asked when, I think yesterday, today, even the future will get bigger seen more and more bitcoin enthusiasts in every country, only risk down and up the price can not be ascertained
That would take a long time. Most coins depend on bitcoin and are greatly influenced by changes of bitcoin price. The adaptation of cryptocurrencies is not yet a 100% implemented by the business world. If maybe, companies continue to adapt and make their coins as popular like Bitcoin, it could. But that is far too impossible as of now.
Well the big problem is the pairs, all of the other coins are attached to bitcoin with their pairings of trade -- so if bitcoin is to crash the value of the rest of the coins simply crash with them with the pairing. If it was to mature that would mean that other pairings would exist and people would need to trust these new pairings -- as they wouldn't be able to check as simply as with bitcoin.
Who knows if it will happen on a large scale.
Who knows if it will happen on a large scale.
Cryptocurency market is not so old and it is developing day by day. People should wait and learn more before entering in this market. My opinion is that this industry will develop with its proper plan within two or three years.
Apparently this will happen when most coins and tokens fully implement their projects and most of them will become as popular as bitcoin. Or bitcoin will lose its popularity to the level of basic conventional crypto currency. Perhaps we need to do this more exchanges and exchangers and diversify the trading pairs, as well as meaningful coins and tokens that can be exchanged directly in fiat.
Now, really, the prices for crypto currency for some reason depend on the price of bitcoin. Although if each individual coin was created as independent and independent, they should not copy the price movements of bitcoin. If bitcoin due to its internal causes and shortcomings is reduced in price, investors in this case should invest in other coins and these coins should grow in value. However, this does not happen. Maybe, if investors do not expect to receive big profits from bitcoin, and demand will not be so skewed toward bitcoin, will the situation change? While the current situation, when bitcoin has gone down in price and all coins and tokens have gone down, the crypto-currency market has frozen for the third month, it is very depressing.
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