Bitcoin Forum

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?

Till date Bitcoin has established itself as the market leader of cryptocurrency.  It is king of the market.  The price movement is led by bitcoin only.  In case the price of btc rises the other crypto start upward movement and in case of fall they also start downward movement.
The same is the movement in stocks trading markets.  Few stocks have been established as market leaders ; under the leadership of which markets moves.  And surprisingly these markets are working since many long years but 95% of shares there are just followers.  Small percentage of shares only is the leader. 
There may be two types of fluctuations.  One is dependent on the internal reasons e.g. the business of some industry goes down and it's profits ratio falls or it goes into loss, then the prices of this particular industry / institution may fall.  So this fluctuation will not be called as market leaders' led fluctuation.
In second case when there are movements in prices due to market sentiments.  These are most affected when the prices of market leaders fluctuates.  The effect of these movements certainly has to be born by the other less popular stocks.
So I think in future there may be some coins which also gain reputation and succeed in getting position of market leader in addition to bitcoin, and crypto market is also led by a number of crypto leaders, but I do not see so much maturity where each and every crypto is behaving in it's own style and is not affected by the movements of market leader/s.

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.

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.

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.

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.

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.

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

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.

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.

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

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

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 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.

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.

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?

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.

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.

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.

Bitcoin is an investment, not a currency, says cryptocurrency entrepreneur Balaji Srinivasan.

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?

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.

It is false to say that all coins derived their prices from bitcoin price. The fact that a direction of bitcoin price make other coins move in that direction doesn't mean it occur all time. Sometimes bitcoin will be in red and most coins will be skyrocketing

as a whole do not blame btc, it's all the current conditions, so it's not btc completely wrong. we must also distinguish between what is wrong and what is unfortunate

you are asking when will altcoins develop far from just being in the shadow of bitcoins?
I think that is not possible since alts are just remodeled bitcoins. Bitcoin is te mdium and the use of some alts will depend also on how bitcoin is being valued.
Though alts are creating there own image, it would. nit take away the fact that it is just a part of something bigger.
I know that demand will depend on alts own identity and people's trust and bitcoins is not responsible for the vaalue it gains but as you can see,  btc is needed to complete the cycle. As long as a coin is not that popular and less accessible, it will always depend on bitcoin.

In this quote we already see that there will be no mature market, if mature market should work independently of each other than it wouldn't work.
you just can't rule the people where to put their money, no third parties in this decentralized, all people just work for themselves.

people just like to follow what are the most profitable to them, and still didn't have no interest to balancing each other

I believe that this emerging will become stable and mature. But more importantly it will have to wither storms and its major forces are economies of the world and government. The price will become stable but i see more into the next 5years before it get to become stable.

I believe that Bitcoin is an investment for the future. Even though Bitcoin's value sometimes fluctuates, it is a good investment for the future.

I guess we will only see maturity if these coins indeed become independent of Bitcoin. One way for this to happen is when a coin becomes mainstream and delivering what it promises to achieve. And I think most crypto enthusiasts are also looking forward to this event (of maturity)

The crypot market will mature when the users and traders and investors of crypto market will be mature as if they will understand the trend of price of each coin and they will understand the market and will not rely on just fud and anti crypto news then they will act with serious steps and the market will act like a mature market. None of the coin will rely on the price of other.

this is also what i've notice on almost altcoin in the marketplace. they're movement largely affected by BTC, it seems to me that altcoin dont have a permanent market or should i say immature market that cannot sustain stability without BTC. hopefully in the coming years, they all change their pattern.. i would like to see allcoin rising up even BTC falling down.

Market will be mature if other coins or tokens will not depend on bitcoin but we don't know when will that happen. For all we know, bitcoin is the king of cryptos and it takes the lead and price in the market which becomes the basis of other cryptos price to rise or fall. They are all dependent to bitcoin. If only they can be as independent as bitcoin, and they have whatever bitcoin has to be in this kind of position, surely they will not rely to it and the market will be matured like what some people wanted.

if the people fully accept the idea of cryptocurrency and bitcoin. compar to the real money or even the stock market, cryptocurrency is not fully mature due to restrictions being implemented in some countries when it comes to crypto.

first we need real altcoins that are actual crypto currencies not bullshit copy projects that focus on how they can gain the most amount of hype so that they can use that to pump their useless tokens and earn the most amount of money. we need real open projects that work based on contribution and we need developers that believe in their own project not developers who work for money. in other words if you saw a developer who was asking for money (ICO, premine,...) that means his project is not worth it.

then we need the market to grow a lot bigger than it is right now. but that will happen with time and if the first step is done properly. for example you can see how huge the bitcoin market is compared to altcoins combined. that is because bitcoin has real usages apart from being an investment.

Yes,you are right.Crypto currencies are decentralized so it will get mature when we get mature towards it,but now most people coming into crypto field just because of the bitcoin's growth so they think that other coins also will et like into bitcoin someday that is why they keep bitcoin as the sign of investment so the prices are bumoing in the crypto currencies when there is price change in bitcoin.

Yeah right, I just see that other coin coins follow only the bitcoin movement, when the bitcoin price falls, the other coins also fall, and vice versa. The only example is Ethereum, the current popularity of ETH should be able to boost the price to equal the bitcoin, but in fact the price of ETH just follow bitcoin.

This is because most of the time other coins are bought with Bitcoin. As more Fiat coin pairings become available then BTC should not have as high of a correlation with altcoins like it does today. Bittrex is taking a step in the right direction with this.

Maturity is in stages,  gradually the market will become mature.  We need to fight and shun make news and bad impression some people give about this market. Wrong informations create fear in potential investors and it affect the market.

I do not think anyone can know for sure when it is possible on condition that all countries recognize bitcoin is a legal and legal currency for transactions

market consists of investors, market on its own won't mature unless the people in it (aka investors) mature. and each time we see a huge market wide pump we also see a lot of kids coming in with their money to invest in the pump and dump schemes and ICO scams. as long as this is the case we  can not expect any kind of maturity.

Cryptocurrency market is more than anything else based on speculation which is mainly driven by media hype.
We won't even talk of a matured market until investors consider the technology and platform that projects are based rather than team experience, Exchange connections and media ratings that is ruling today's market.

I think there will be more time to get it done. All coins are influenced by the price of Bitcoin. Bitcoin is the most valuable of all coins and depends on all the coins. The adaptation of the Cryptocurrency has not yet been fully implemented by the business world. It would be possible for companies to make their coins popular like Bitcoin.