Topic: WILL CRYPTO BOOM AGAIN? - page 7. (Read 2646 times)

Yes, I think that digital currency is going to make a huge comeback and very soon. When the first crypto, Bitcoin was created, a lot of factors were omitted, for instance the volatility of this particular coin. There are however current coins which are coming up and are created with the intention of solving issues that were ignored while the first coins were created.

We are all waiting for a bitcoin halving, but we cannot say for sure what it will bring.
The problem is that after halving, the rewards will be halved, and if you look at the current hash rate, it will grow tirelessly.

All-time record highs have recently been recorded. Therefore, the complexity of mining increases.
Old maneuvers will work as long as the price of bitcoins is above $ 7500, but what if you do not fall below 7000? In addition, two past halving show that the price of bitcoin begins to rise only a year after this event.

We all just have optimistic speculation but never think that it came into reality. I likewise never stand and keep looking for more pumps but instead, I will just enjoy the moment that the market seems to be like what we have today. Cause I don't consider that the market is on the bearish, in fact, we are still in $8k-$10k range which means that prices are in good shape. I don't think that we need a high price for big profits but what we would like to see is that the market remains calm and have a sustainable market demand.

The amount that traders can make during dip depends on two things; asset they are holding and its volatility. Other than that, this is also a matter of what type of trading someone is doing and his skills. A skillful day trader dealing with bitcoin can make sufficient amounts of profits but for others, it might not be the case. Moreover, dips are here for providing the chance to increase the amount of coins.

Well that's true also if you can't invest a huge money you can not earn a huge profit also, those prediction can wait also. As soon as crypto still alive and almost running a years.

We shall simply keep supporting bitcoin in order to see significant increase in the values of all crypto currencies. The current little increase in the values of bitcoin is surety that it is on way to great pump. If we see the history of all pumps in the market so far, they begin with the slight increase in the values of bitcoin. I am all confident that in 2020, bitcoin is going to increase its price to 15k to 18k near future or even will increase more.

You did not even mention the Chinese Cryptocurrency project and I think you are seriously underrating it, the Chinese are one of the pioneers of Cryptocurrencies and as one of the most populous nations in earth, they have a lot of investors and many of them are just waiting for the green light to dive into the Cryptocurrency market, yes the Facebook project doesn't look like it would be launching anytime soon but just like we didn't expect the news from China, anything can happen at anytime, just bear that in mind. I think the boom is coming.

I agree but here's the thing.
Banks, corporations, countries etc may adopt crypto currency, however, only from a coin/exchange that has proven itself not to be a scam.
When coins enter the market in general, from shady creators who use unproven fly-by-night unregistered exchanges, experience several restarts, do not show codes, or full names of those that are involved with said project, dodge questions that are legit, never do what they claim they are going to do in a timeline they claim they will do it in, over inflate the value of their own coin and scam alerts are posted on said coin, it gives those legit, professional start-ups a bad name. Then it becomes Buyer Beware and only a fool would invest in such a thing.
I think overall if those that are straight shooters and honest can work hard and follow a real business plan, stick with it instead of abandoning a project in a week, then yes, it has a chance.

no one knows for sure when the price of crypto will boom again, but we have strong information about it like halving, ETH 2.0, even libra from facebook. So far there has not been a significant increase in altcoin, but it looks like crypto prices will not be so booming for this year, but that will show good things for 2020 to come.

Nowadays, cashing out some small profits was a rampant scenario, that I noticed not just for holders but also for lots of day traders who haven't get good gains since the last time bull run during 2017. I guess it wasn't easy to wait for long months just to make your profit grow amazingly, so if we're risking out that money always think big and avoid any hesitations because that's number one reason why a person fails with their goals.

For sure it doesn't mean to wait for more longer months if you can't do that and it's up to your decision if you want to risk to wait for the halving or immediately cashout whenever you receive a profit.  But remember many people think positive about it and you cannot earn huge money if you don't risk a cent on it.

Be leery of people that seem out of touch with the world. Crypto currency is far from being on the ground level. There are people here trying to sway you into thinking that investing in brand new, me-too type coins with no track record is a good way to invest your money. The chance of any coin startup being successful long term is less than 1%. You would have a better chance making money playing roulette. Watch out for those people using qualifying phrases such as; "could be", "expected to be", "planning to", "hoping to", "praying that" and on and on. Check the coin's history. What gives it value? If you find its backed by hopes and dreams, desires and wishes then you are better of finding another coin.

With the thousands upon thousands of me-too type crypto currencies, the market is over saturated. Bitcoin will be the measuring stick for all of them and it is hard to imagine any other coin rising to its level or beyond. What is far more important is the block chain. The truth is nearly all government sanctioned currency is electronic but in centralized form. I can see a day where legal tender is put into a decentralized block chain just for the accounting benefit. I see block chain as a electronic accounting ledger where it's past can't be altered or erased. I don't see the act of block chain mining being used to put more currency into the system. You don't see governments using mined metals anymore so it's doubtful they would return to the same idea only in electronic form.

Bottom line. Crypto currency is still an experiment and for those skilled enough to know how to make money out of it, are the ones the prosper. All the rest are coattail riders. ie. me-too's!

I think that here and now is the time to get into cryptocurrency. For most of us, its too late to get into bitcoin. But I believe we are only entering the first years of cryptocurrency right now. I think we are on the ground level.

Every single day you read the news about some new blockchain being formed. Banks, corporations, even entire countries are adopting cryptocurrency.

Warehouses are using blockchain technology to manage and track product movements. It is just growing more and more every day.

I think that soon we will be paying for goods and services using crypto and an app on our cell phones. Scan your phone at the checkout isle of the local grocery store or at a vending machine and you are done.

I think that those who learn about it now and invest when its young, will be the new millionaires and billionaires in a few years.

So you mean we should wait for future to tell? That would do no good to us. Better would be to learn and understand the digital market instead of wasting time waiting for the boom to happen and then regret when that happens. It is nowhere near to early. Honestly, bitcoin has already come a lng way and it holds far brighter future than any other asset and currency. Invest in bitcoin. It has the habit to not disappoint.

Yes Bitcoin Halving is now the long-awaited event and for sure in the coming Mah 2020 we will see a gradual increase in bitcoin and no one can stop it. So now just invest in bitcoin and buy more because it's sure to increase in price just like the previous bitcoin halving in 2017.

i am not really sure about another boom coming next.

this kind move happens once in a while , we can see it the similar thing happened in the last big movement where the sudden move up did not happen twice thrice or so.
bitcoin style is one big punch staright , i mean like in 2016/2017 where it moving from $500 to $5000 real quick at once within a week.
can we go through this market swing now and get another boom? i don't think so.

too early for bitcoin halving warming up , the support is just too weak at least for now.

I believe so, crypto or bitcoin’s popularity is increasing which means that more and more people are interested and wants to know crypto is, with this we should expect an increase in adoption thus, there will be a time that crypto will surely boom once adoption increases. We have to be patient and trust that bitcoin will boom again, it already happened in the past which made bitcoin known and i’m sure will have the same scenario as well, just wait a little longer.

Most of the crypto traders are waiting for the market recovery and once it starts recovering most of the whales will join the market to increase the altcoin prices. So people are eagerly waiting for the altcoin price recovery when it starts pumping they will start dumping the prices again.

I think this was just one of the increases, there will be another increase not too long from now, I don't know when and I don't know how and I have certainly no clue why people say there is one when it happens (people make up reasons all the time whenever bitcoin goes up or down) but I know that the price will go up once again.

Looking at the difficulty and the hashrate there is absolutely no way bitcoin price stays the same when halving happens, there is two possibilities either the big miners will mine no matter what while making a loss in order to get small miners away and make them stop their equipment or the price will definitely go up a lot.

If the price doesn't go up and big miners mine for a loss then small miners will only close their equipment while its unprofitable and will open back up as soon as its profitable so I feel like price going up is a more realistic approach.

Bitcoin technology is unique, the first from its kind, the king of crypto, if bitcoin rise, so does other alts and vice versa.
The underlying technology of bitcoin makes sure that the price will increase over time, no need to have "boom" which will end to another crash and the bearish market for years like happened in 2018. But, it's inevitable, whenever a huge influx of money comes to crypto market, the bullish takeover and rules the price, all we have to do is prepare for the crash after bitcoin reach a new ATH. Halving will affect bitcoin price significantly, yes it's the most awaited event in 2020.