Topic: Yearly >Trendy< Crypto Markets, Is Crypto becoming like Tech Fashion? (Read 685 times)

After this crash/correction will it affect the confidence of previous trends to continue?

What happened to the NTF craze mania, looks like its losing its energy 

We thought 2021 will be the year of the NFT.

Has Meme coins such as Doge and Shibu stole the limelight from NFT's?

So 2021 will be year of Meme coins not NFT's?

I have to say IEO is not really making a "comeback" but changing shapes, there are now pre-sales going on in many places and teams are doing it themselves as well, sure they are working on binance chain or any other chain they want but they are doing it themselves as well, plus those pre-sales are going towards giving people the power and not just getting funding neither, you might get power over a very bad coin or you might actually have a power over a decent coin as well, I have seen governance becoming very very important for some of them.

So, basically speaking we are in a situation where we talk about something similar but not the same, it is a very different situation all together. This doesn't mean that we are getting fashion like cycles, it just means that we take old stuff and put new stuff on it and present it as a brand new thing to people.

That is quite wrong, in 2018 the price dropped all the way to 6.5k dollar prices and in November it has fallen to 3k prices as well, all because of the war between BCH and BSV and because Craig sold a bunch of bitcoins he owned from being an early investor, he did it to gain a lot of hash power to take control of BCH which he failed anyway.

Long story short the price of bitcoin doesn't "always" go up ever November, if it was that simple everyone in the world would buy bitcoin on October and sell on December and do this 10 years in a row and you are the richest person in the world, why do we not do it? Because it is not guaranteed, sure there were more Novembers that was profitable than Novembers that wasn't profitable but "most likely" doesn't equal to always.

I personally think the long term is always profitable, as long as you hold it, eventually it will go over the price you bought it from, maybe in a minute maybe in a decade but it will happen.

Looks like IEO's are making a comeback from 2019. Just look at Binance Coin BNB & Exchange coins 

I thought 2021 will be the year of NFT's

i thought im going to see a btc on here because i notice that btc has its own trend or pattern like for example every  november the price are always rising  or in every other year there is a same price scheme btc are following and why treat them as a tech fashion and why not a fashion (clothing ), hairstyle , etc.  theres so many things do also have thier own trend . if gadgets was an example .old gadgets can go in a trend again . they can remake it and make it more portable , add features , etc . so as the crypto stuffs on here , they can do the same modification to gain attention

These are normal things that we should expect to happen, it happens everywhere and it will also be the same with the cryptocurrency environment. Although it might seem like the first trends died off, they really didn’t die off; what really happens is that when new things come out they get hyped and the old ones makes way for them to trend for sometime and before you know it they will balance out. That ICOs are no longer trending doesn’t mean that they are dead, there are still so many ICOs, and there are still STO's and IEO's, and DeFi will also continue.

These are just like an advancement, we will be seeing different things, it’s up to developers to choose what would work best for their project.

Interesting you think the trends that faded in the past can make a comeback again in the future like fashion. Reminds me of the 80s where ripped jeans was a trend back then and the trend has come back in 2020. Trend came back after 30 years which is like a long time  

Do you think crypto trends will make a come back but in a quicker time frame?

I thought in the tech world its impossible for a trend to come back because it is outdated, like for example cd player Walkmans will not come back for obvious reasons. Can the same be said with crypto?

Basically there is a connection between tech and fashion in the sense that they both have trends and they both get famous for a while and even though they leave and become unpopular for a while, sometimes they get back and be popular once again. Let's not forget that DEX is not something new, it didn't became a big news and attracted tens of billions of dollars because it is a brand new technology that was invented this year, DEX has existed for few years now, but it just got a lot bigger and more famous this year which is why we are talking about it.

If you do focus on what changes in crypto you will see it, but if you look at tech world and coding languages and frameworks and many other things, we see a lot of hypes and ups and downs in there as well, so we can definitely say it does have a lot of similarities with fashion world in that sense.

For an old project in crypto market to come back during bull run will be depending on what kind of project it’s all about. Personally, I think the reason why most of the projects fade out after all these trend of a thing is because they are not reliable at first.

If you check all these projects and the stories behind that has to do with their team you will always be seeing stories that will show you that they are not fully dedicated to what they are doing, they are just there to rake in some money and they are out. So, if the team can dedicate their time and are serious about creating a business that will stand, then it will keep on growing and also experience bull runs when the time comes.

Okay you reckon next year will be the trend of NFT tokens instead of CBDC's?

Do you know any good NFT Tokens on coinmarketcap?

NFT's are digital meaning they can be copied right into a million times so how is it rare?

I think that anything new is overblown by individuals or organizations. Information diffusion and exchange rate manipulation are the main causes. ICOs still exist, and it's true to the value it brings. People have become wiser than before. It is the adaptation in the harsh crypto market. ICOs, IEOs, DEFI have all been overblown and scams. We need to acknowledge it is these trends that have helped to expand and nurture the crypto market.

I think the trend for 2021 will be NFT.
Right now NFTs are doing a great job of storing value. It is possible that next year, in addition to archiving NFT artworks, it will also represent real assets such as real estate, rare items in video games or represent anything human. can be carried on the blockchain.

So you think 2021 will be the year of CBDC's?

If so then how do you profit from CBDC's apart from the CBDC version of Forex 

The US is saying now they don't want to rush their CBDC digital dollar within this CBDC race were now having from rich nations. The US is saying it because they said they want to take their time with it instead of rushing it and releasing a CBDC that is buggy/possible exploits by hackers.

What I don't understand is when something is digital it can be patched later via downloadable updates like bitcoin core is. So why doesn't the US win this CBDC race and fix the bugs later with a update patch? Because if China wins the CBDC race then the $dollar will may lose its world reserve currency status leaving the US behind.

Whats your take on this?

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Are retail investors able to buy Bitcoin with CBDC's or can governments/central banks put a algorithm in their centralised digital crypto currencies to automatically ban buying decentralised cryptos like Bitcoin?

[moderator's note: consecutive posts merged]

Sort of like the fashion world of clothing, but not exactly the same because there are changes. In tech fashion things do not change that slowly, things actually change quite rapidly, in regular fashion world however things do change this slowly.

In tech world you can see something new every 2-3 months, we are slower than that, in fashion world they try to have a yearly change but usually humanity likes some and dislikes some and that means every 2 years or so there is a big change. Same with crypto, in 2017 it was ICO, in late 2018 and early 2019 it was IEO and now at late 2020 it is more like DeFi situation. I can wager that by late 2021 or maybe early 2022 there will be something huge once again, people will pick it up and try to get rich thanks to it without actually caring about it.

Ah ok, so you're talking about not financial fundamentals, which is what I thought by your post. Usually when people talk about the fundamentals of an asset or investment, they're talking about valuation metrics, which bitcoin doesn't have because it doesn't generate cash flow or profit. It's only worth what people are willing to pay for it, and has no inherent value in and of itself like stock does.

There's posts earlier in this thread stating next year 2021 will be the the year of CBDC's (Central Banks Digital Currencies). Like for example the Fed will create a digital crypto dollar, China central bank creating a digital crypto Yuan, Europe creating digital crypto euro and so on to become cashless societies.

The governments will use these selling points for their CBDC's:

- CBDC transactions can be reversed. For example if you bought something from a 3rd party seller on amazon and the seller doesn't deliver scamming you then you can get in touch with your bank and the bank can do a chargeback or reversal or if you accidentally sent CBDC to the wrong address that can be reversed by the bank's help. This cant be done with bitcoin. If bitcoin requires mass adoption it needs this feature otherwise btc will be just store of value like gold. But then again this feature only works on centralised networks not on decentralised networks like bitcoin.

- The central banks will obviously want to control their CBDC (centralised) so they will know every transaction you make and every paid subscription you have so no privacy. So will privacy coins hit the trend again to gain back privacy? Paper fiat cash in itself is like a privacy coin. I can possibly by a nuclear weapon off the black market that I can pay $millions in cash without the government knowing for example.

- Governments will say CBDC will stop money laundering, narcotics drug markets, cash in hand under the table, tax evasion etc.

- What will happen to stable coins like USDC and Tether once the official Digital Dollar comes out and gets released by the fed?

- What about Corporate coins like Facebook Libra? Will they be in official partnership with CBDC's or allow Libra to be exchanged in the new upcoming CBDC digital crypto forex markets?

- Trends are short term come and go. CBDC's will be with us for hundreds of years replacing the old financial system that ran on paper cash for the past hundred years or so. So how can CBDC's be classed as a trend or hype when it sounds permanent?

- Will CBDC's be a threat to the the whole decentralised crypto market as they will be easier to use by average joe public who will seem them as official and supported by retailers and Amazon with transaction reversal features so average joe has no fear of losing his CBDC?


Lastly the governments can freeze your central CBDC account like Paypal can because its centralised. Thats where bitcoin can be used as a backup but will it be accepted as payment along with CBDC, remember cash will be extinct by then. If bitcoin not accepted as payment and they only accept CBDC as official payment then how the hell you buy food to eat to survive?


Finally it seems data is really valuable. Everywhere you go online or offline nowadays theres companies and so many entities out there that are trying to gather and harvest much customer data as possible via survey, tracking cookies, adware etc. CBDC's will inherently gather your spending data so the government knows how many cans of coke you bought in a 7 day period at what times or so on that can be sold to corporations who will pay top dollar for this data.

I'm sensing that decentralised crypto like bitcoin & Eth and many more will be a threat to CBDC's. So I assume governments will use their mainstream media news channels to hype their CBDC's and tarnish the decentralised cryptos saying stupid things like your a terrorist if you use bitcoin. Their will be a huge campaign against decentralised cryptos.

Investors cant make money in CBDC's because they suppose to be stable right with no volatility unless they are traded in a digital crypto forex or something. Can this digital crypto forex markets of CBDC's kill off the decentralised crypto markets?

No, what I mean is that while without a doubt there are DeFi projects out there that deserve their valuation the majority of coins are just taking advantage of the hype and releasing projects that will not change the market or that are outright scams, just take a look at the news and it is not rare to find a new DeFi scam story almost every other day.

And the only ones that can tell the difference between good projects and the scams are those that are expert investors and how many of those we have? Very few I guess which is why the rest of the investors need to stick with coins with a long history in order to not lose their money.

Well, they are basically all the same things but people are simply just putting money into different things.

Difference is in 2018 people didn't really put that much money into STO, and even in IEO it wasn't this much of a deal, it was in some places and few coins but the idea wasn't as hyped as this, it wasn't IEO that made people excited, it was binance listing a coin and that is always something to be hyped about, if binance declares that they will add any coin, that coin will go super high even before it hits binances list.

So, this DeFi thing is certainly bigger than all others, it is as big as ICO first days when it got billions in investment. In any case I am hoping that people would finally see that you could actually make money a lot better if you stay away from these hypes.

The fundamentals of crypto is just how much it is used and if it has any useful properties, like privacy, and of course the most important property is how secure it is. You don't want to trust any big amounts of money for long term to some centralized and unregulated system. With those categories, you can easily compare cryptos and which ones are useful and which ones are shitcoins.

What fundamentals does any crypto have? It’s just a stationary asset, doesn’t produce income, doesn’t generate cash flow on its own... when you’re talking about the fundamentals of a stock, you’re talking about cash flow or other metrics of performance to measure the stock price against the profitability of the underlying business. Crypto doesn’t have fundamentals because it doesn’t do anything.