Bitcoin Forum

Hi, I have just realized, that crypto was really overvalued in 2017 and probably we will not see these prices again.

Look for example on Ethereum: https://coincheckup.com/coins/ethereum/predictions - Ethereum ATH price was 1500USD it equals 4% of all M1 money in the world, that is lot of money!

Or people think that Bitcoin can reach 100,000USD - it equals 10% of all M1 money in the world.

Don´t you think that the hype of crypto is over?

Market Cap in crypto isn't so accurate, just letting you know.
Market Cap in cryto doesn't reflect the REAL FIAT money coming in, most people don't know this FACT.
Market Cap can be manipulated by the same cryptos over & over again with the same FIAT money !!! YES that's so true & people still don't know this.
The real Market Cap of crypto is so ambiguous so far even though we're crypto is 9 years old now.
The real Market Cap will come once the real monetary institutions comes in & we know how much Real fiat got in & out, that's the only real market cap.

Thank you for your clarification. But it will not be such a difference to change the main idea of the thread. That without a lot of money we can´t grow. I mean really lot of money, that we can´t imagine.

Everyone has believed that crypto is difficult to match in 2017. I've even read that vitalic says ethereum is difficult to reach prices like 2017.
As for various predictions about the increase in the price of bitcoin I also doubt whether they believe in their predictions...

I believe that cryptocurrency has great potential and opportunities for development and trade in all spheres of the world economy. Bitcoin has reached huge heights in 10 years,it is known in every country of the world as well as about the dollar or other traditional money. Technology does not stand still ! They're evolving !

In 2017, many people did not even delve into the essence of the project before investing in it as almost all projects gave a profit when listing on the exchange.

If we look at 2017 crypto development is certainly very good. However, if we see it now, of course, before investing, we have to see in detail how the project is. So that our investment is not in vain. And usually or most projects cannot maintain price stability. When registering on the exchange, the price immediately dropped dramatically.

I am not talking about the development. Crypto is much better than in the year 2017. I am talking about overvalued price according to market cappitalization.

I think that the only thing that we should care about are the working products, because the more products, the near is the mass adoption. And I am tired of projects that want to collect funds with an idea. It does not work anymore.

Real data from coinmarket cap is useful. Total supply play's a huge factor on price and market cap puts all that data into one useful statistic. Also the graphs are very useful to determine the moving average

If you are an investor, you mainly care about the possible return. If you are an enthusiast then you care about the idea and use of cryptocurrencies.

There are still some that hypes crypto. The main difference now is that many do not fall for it easily unlike in 2017. Today, even positive news don't always affect the price.

If the hype is over, then today we would not have discussed this, and would not compare past times with the current situation!

I agree that the larger the market capitalization, the more money circulates throughout the market, and this is exactly what allows the market to grow. However, it is not so easy to ensure that capitalization grows without stopping, as we can see in the cryptocurrency everything is unstable.

The fact is that for the analysis of the cryptocurrency market you need to take a lot of indicators. First of all, I would like to draw your attention to the fact that today the market has grown by almost 10% over the past few days and the total capitalization of trading is equivalent to the beginning of 2018, which is much higher than it was at the end of 2018. And this despite the low prices.

Market cap is just taking average of all the exchange and show to people in order for one not to go from one exchange to another to compare prices.

Though market cap is not 100% accurate because it's possible that not all exchange are listed, also you can't know the total number of holders via market cap since not everyone love to leave their coin/token on exchanges.

I think we should not look at it from that angle. The capitalization of cryptocurrency does not mean that the whole amount will be added immediately to the market. Therefore, I admit that in the end Bitcoin can cost even more than $ 100,000, it is likely that someday it will even cost more than $ 1 million.

I do not care about total market cap as you can see.
I care about market cap of big altcoins and Bitcoin. Of course that some low market cap coins can make 100x thanks to low market cap.

I will not support your argument as i have seen such posts also in previous down trends and dips but personally im sure crypto has a long way to go and it will reach new high values for sure in next big uptrend.

Yes crypto currency was over hyped in 2017 which worked
But I don’t care about the market cap

What matters as a trader is your consistent profit taking strategy

Then they will create a little more money. How did Gold reach its current price from 1 USD ? Even though I do not know exactly how it is, I guess something loses value when another gains value. Limited supply is the main reason in this case.

I do somehow believe into this perspective and even myself do believe that we would really hardly see those bull run thing happened on 2017 but
who knows because everything is possible with crypto.Reaching those price might happen again if we do see full adoption not only reaching the ATH
but even more but talking for 100k usd per btc sounds to exaggerated actually.

You are insane! We never should prioritize market cap when choosing a project to invest. We must prioritize the projects core, developments, use case, team members and so on. Also, how realistic is the roadmap should be taken care of. Then we may check for the marketcap, value, circulation & max supply etc.

we are still not at the end so we still cannot confirm that crypto cannot return to the top
no one really knows what will happen to the market especially because crypto prices fluctuate so much that all possibilities can occur even what we think will never happen again
Have you ever thought that the price of bitcoin can be as expensive as 2017? I think in 2015 you will not believe that bitcoin will be able to have a very expensive price so that when like this, where most people doubt, the market can provide unpredictable surprises

Time will definitely tell, if we will be able to meet up or not.
In my opinion, I feel it is still possible. The volatility of cryptocurrency is one of the reasons to believe it can happen.
When the market was growing in 2017, every other factors were also in place, but it was not stopped, the same can still repeat itself again.

Again and again, I am not talking about market cap of the one project. I am talking about big cryptocurrencies that had big market cap and that means that people invested a lot of money and it will be hard to do it again.

I think the price can reach peak again. If Nasdaq launch ethereum and bitcoin trading, market cap value both coin will increase and more investor will come to market. Hype over at 2018, thats i am agree but with more big financial institution come to market, maybe hype come to market again

It is simply impossible to determine the exact amount of the market value of any of the cryptocurrencies. This is justified by the fact that many coins have long been lost and to determine how many and where they are – is not possible. But I am sure that the cryptocurrency market will continue to develop and become a more significant player in the financial market. In my opinion, in the future there will be a merger of the cryptocurrency and stock market.

gold has a limited supply but the amount of gold itself is still large which has not been mined yet. while bitcoin has clearly limited supply, but prices are still stagnant. Marketcaps are very important for price increases, even the smallest growth of users will be very important

What happened in 2017 may have been a serious hype and seems like such a time will not surface again but I feel it will. The hype isn't over. Instead cryptocurrency is becoming more and more valued as the day goes on even with this downward trend

Hype is an instrument in crypto, it was essential for last bull run and most recently the few times the market has gone up in the last month's have been as a result of one bitcoin ETF or another. In general, hype in the media affects the market cap positively as people tend to invest more within the period.

Why you have paid attention too much at Market cap while there are so many other things we need to care about instead of Market cap like total supply, company behind each crypto, partner, price,.....I don't think market cap can affect too much to any cryptocurrency.

Supplying demands, my friend. So don't be so surprised.

Yes, this trend continues from the summer of 2018, but some crypto enthusiasts were able to adapt and get profit even in such a market

Market cap is not everything. Demand for a coin or supply of the coins should also be taken into consideration. The higher the demand, the higher would the price go up according to the law of demand. In addition, I believe that in the crypto market, you go with the trends along with the market cap and other factors and that coin normally is the best coin having these entire qualities being positive.

check developer and twitter, reddit statistics too. can easily get https://www.coingecko.com/en

I think this is the beginning of development, we see the cryptocurrency project getting bigger, widely used and also benefiting everyone in managing their projects. People join crypto without money, they come out with money.

Marketcap haven't reflected right about the true situation of market because the capitalization is still very small and be easy to change when have a capital not too big flows into market. Beside that, there are many exchanges which have cheat investors by fake trading volume

Thats according to your own judgement and just like others, it was only supplied from another person's idea. But  as you said crypto was 9 years already now  in your opinion how could crypto-currency grow these much without proper system to follow? Coin capitalization was computed in its total supply at present price thats why it has variation in coinmarketcap. for me crypto-currency is an asset class thats why it has a relative value since investors are buying and selling it.

I think it can happen again and we may be seeing the prices to go that high again the coming years. You must out in your mind that all the cryptousers of today are less than 1% of the population in the world. 20% of the world joining the fun will enough to bloat the price of BTC up  to $100K but then of course this will not happen all of a sudden, the 2017 price spike didn't happen so fast.

I think crypto isn't over yet. it's just about speculation, if only Whales had begun to move all logic would not work in the market. and I believe there will be other growth that will occur in the future.

Your detailed explanation can be described in one word: bubble.
But there is nothing wrong with that.
Once in the Netherlands one tulip bulb cost a lot of money, then it collapsed, and as a result commodity exchanges appeared.
The crypto is still at the beginning. Inflated capitalization is only one of the problems of progress.

In any case, it is big investments in cryptocurrency that will be able to return the market to the previous level, which means that in any case, only an increase in capitalization can change the situation for the better.

as the decision to work on scheme with the use of funds on possession the use with work on evaluation might gives as appeals on investors to work on customs with reference of one on limitation with the decision as expending use with resource on efforts as managing plan on terms with the investment project with the bitcoin business of the finance.

Actually, I think we can! It is only matter of time... When Bitcoin rise again, marketcap will rise faster than last one. Because there are over 2000 coins/tokens on market.


I think you should look at all other coins graphs. All coins/tokens has a same graphs. It is about market situation. And I think we will see again. Everyone think the bull will come back sooner or later. Then, we will talk about it again.

Note: Next bull can show us a double or tripple this market value!

I agree with you, we need to look on this core, developments and its team to see how potential the project is all about. If the overview is well and good I am sure the market cap and other stuffs will automatically gear up also the project will get a great reputation and people will start Invest even if they plan for new projects in Future.

Cryptocurrency creates and keeps creating value such value determines the price. It's true prices can be hyped but the true price of cryptocurrency is far above last years ATH

I think the cryptocurrency is only getting closer to the middle of its path. Of course most of the projects will not survive,many have already died,but enough and successful projects.More and more goods and services are offered in the world for cryptocurrency,less and less influence has Fiat money.

2017 was perhaps the best year for the crypto since they were born i think too it will hardly return to those values, but i also believe that the market is cyclical and the bull phase will return sooner or later and the values ​​will rise again

The market cap it very important and observing it is quite necessary.
But I am also interested in new project some of which are not yet listed on coin market cap

Every big rally always has a pullback before the next rally. Market will go back to marketcap peak  of 2017 later this year or next and will go much higher. Billionaire Tim Draper has forecasted a crypto market cap of $80 - $100 trillion  in 10 years so there is huge upside ahead in the crypto bull. That implies that crypto market will be as big as global stock and bond markets.

The amount of scam projects should be much lower and this is the main aspect right now. Due to the fact that there are so much fraud ICOs, people are holding their tokens and staying out of the market.

I personally have the belief that The last dose of hype really destroyed the market. It’s going to take time to fix this, and I Sincerely think What’s happening now is healthy. The market is resting and letting itself heal. People who bought in in November and December are leaving crypto and telling their colleagues and friends it’s not worth it and a fraud. This is also good.

Now, the market can recover organically and the next sphere will come in a while once the market is set. Perhaps this time it will be strong enough to maintain the surge, even with another round of hype that will be sure to follow.

      We should not forget that in the last two weeks, the prices of the main coins on the coinmarketcap have increased. Market share is getting better, so I think slowly but surely, prices will reach the target of 2017. We do not have to think about the market head alone. I think it is more important to choose a project according to its potential. Marketcap just brings some information and is not so precise.

I think the crypto hype is not over because the adoption of Bitcoin on large companies and on other countries is becoming more. Like on here in Philippines we have now Bitcoin ATM. And Samsung are supporting Crypto now. There will be hype soon but not now.

It is difficult to match crypto prices in 2017 and maybe the conditions for that year may not be met in the future. However, I feel that cryptocurrency is still too young in the investment world. Cryptocurrency is still growing and there is still the possibility that crypto prices will continue to improve along with the development of crypto, the most important of which will happen in the future is not just bubbles for investors and cunning traders to get instant profits.

Yes, it's not like before the top coins of the CMC chart is not as expected and there seems to be like market is unpredictable these days sometimes it pumps and drops again, it's not about giving priority to CMC chart all we need to look is the project and it's potential. CMC chart will just give you the information and status of a coin but not a solution to pump market.

This is not exactly correct because the real market cap value is not actually what we see because this market is still subject to a lot of manipulations and cryptocurrencies in general is not as transparent as it seems to be.

The values of the coin market cap does not really reflect the fiat holdings of cryptocurrencies that exchanges can easily manipulate figures just to get higher rankings and with a lot of shitcoins in the market this manipulation is even much easier

However with the presence of financial institutions making entry into the capital world and more regulation this can be put in check

It seems to me that if, after the berries, for the opportunity to remove unnecessary and bad coins from the cryptocurrency market, this will give the opportunity to concentrate all investors' funds into rating coins, as well as those Coins that are still in demand in society. Thus, we can improve the state of the cryptocurrency market by concentrating capitalization in promising projects.

Market cap is just like a alarm where you will get information of the current market value. Price manipulation is thing which makes us very frustrating if this happens then the value of every coin drops.

In my opinion I will say just don't care about the market cap value because most of the time it gets manipulated so you can't decide what is the right thing for you, just Need to stick with your coin and its technology so you will make profits when your time comes.

Market cap is just the basic informative for us to know and trace the trading volume of an specific token. And it is manipulated easily so it doesnt really matter and it doesnt affect the price

The primary would be the marketcap. But the concern team who has to care about it and as a trader we need to keep looking into it along with thw volume tge coin us traded at. Based on the marketcap, number of traders go towards the concern coin. This confirms a certain move in trading.

you need to take care of market capitalization and constantly be in the top and up to date with all the news.
Only those market players who acquire valuable knowledge in the market will be guaranteed success.

A half agree with you, half disagree.
Yes, crypto was way overvalued in 2017.
When we look back, it was crazy to think that could continue.
The 2018 crash makes a lot more sense in retrospect.

however, I 100% believe crypto can reach it's previous value and exceed it.
Of course, it is impossible for all coins to reach those crazy values.
But what is more important is that crypto will be around forever.

Just like the dot.com bubble, the internet survived that.
Yes, many companies failed, but the good companies survived it and are even more valuable today than back then.

We will see the same thing with good projects.
Projects that have actually real world utility.
These are the ones that will end up bringing even more value.

I don't think the markte last 2017 is overvalued because I think they have higher price will cone compared to the 2017. Maybe it's not today but for sure it soon to happen. Market cap is what we care about because of this we can analyze if the market is good or bad.

Why do you think we should only care about Market cap while there are so many things we need to care about like trading volume, exchanges listed on, team behind each cryptocurrency,.... A good cryptocurrency will have good team behind, be listed on good exchanges and has very high trading volume but as I can see on Coinmarketcap that not all high Market cap cryptocurrencies are good :).

this is so true! the market value always go up or down but the good projects will stay in the crypto industry while unworthy projects or no real-life use will be eliminated. when that time happens we will see the real value of any cryptocurrency.

The market cap estimate does not actually show all the money that entered the market. It only indicates the value that the coin would have if all the circulating supply was sold at market price at a given time (which is unattainable, because when a lot of people decide to sell the price will collapse). So a relatively small amount of money is enough to raise prices and therefore the market cap.

Your words may be true
But we are dealing within the available  limits informations  to us
The Market Cap number is a very vital and important figure.