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Title: Are altcoins in a bubble? Post by: Propulsion on March 15, 2017, 04:02:07 PM Title says all. Personally I vote bubble. Anything that increases 1000x is too good to be true IMO.
Title: Re: Are altcoins in a bubble? Post by: CjMapope on March 15, 2017, 04:06:58 PM Hell No just getting Started! :D
Theres SO much new money flowing in, crazy free markets, manipulation, new total noob users chasing the dragon, ALTS are gonna GO and GO! All we need to do is try watch for info on each one and try be in the right markets at the right time, WEOOOoooOoO! Title: Re: Are altcoins in a bubble? Post by: cryptohunter on March 15, 2017, 04:09:57 PM ha crypto adoption is like 0.00000000001% so yes these can go WAY higher or crash nobody can really know which way it will go.
I think it will keep happening in cycles....hopefully the bull is just getting started. Title: Re: Are altcoins in a bubble? Post by: thejaytiesto on March 15, 2017, 04:11:34 PM Title says all. Personally I vote bubble. Anything that increases 1000x is too good to be true IMO. What did increase %1000? The last massive gains were with XMR ages ago. I don't know the % of DASH and ETH but they are obviously bubbled. Nothing justifies those rises. Ver is obviously pumping DASH, im not getting anywhere near that shit. Title: Re: Are altcoins in a bubble? Post by: PovertyByte on March 15, 2017, 04:26:55 PM Title says all. Personally I vote bubble. Anything that increases 1000x is too good to be true IMO. What did increase %1000? The last massive gains were with XMR ages ago. I don't know the % of DASH and ETH but they are obviously bubbled. Nothing justifies those rises. Ver is obviously pumping DASH, im not getting anywhere near that shit. Wall of coins, Mexico, smooth outcome of 12.1 being realized, Trezor support These are things that jumped Dash from 15 to 45 at the least. More of It after is to do with BTC having poor consensus and the risk of a fork and Dash being realized as a functional alternative worth holding that has actually seen more yearly growth than BTC its entire life. Also awareness of evolution to come. Even if it is the bubble you make it out to be, the current price is still a sale compared to the evolution price to come. ETH has its dapps. It is an entire platform. It should not be fully compared with crypto markets, its just that crypto is the buyers gate into ETH. Be glad it exist. Other alts are growing because of developments, others are growing over just trading for quick profits. DCR went up independent of BTC fork controversy, just publicity. PivX is going up over publicity while it was an unheard of coin before the Dash pump. ZCL has developments underway. These are examples of genuine growth but are probably looked at as "the bubble" by maximalist This is all happening without BTC price dropping. As fast as BTC is traded for alts, BTC is being bought up again. We're all winning unless BTC forks With everything in crypto traded against BTC, it will tank market stability Title: Re: Are altcoins in a bubble? Post by: TheAlgorithm on March 15, 2017, 04:31:10 PM Nothing just leaps all the way up hundreds of percent at a time without any hint of grounding itself or stabilising. Frankly, while there's a lot of FUD about the future of Bitcoin, altcoins will still not overtake it. Even ETH is nowhere close. It's a bubble.
Title: Re: Are altcoins in a bubble? Post by: puremage111 on March 15, 2017, 04:59:58 PM Well, depends on your own perception tho, different people tend to have different view on different object.
IMO, altcoins are bubble and also are not bubble :) Title: Re: Are altcoins in a bubble? Post by: Ayers on March 15, 2017, 05:20:41 PM Title says all. Personally I vote bubble. Anything that increases 1000x is too good to be true IMO. what increase 1000? not even dash increased that much maybe you are confusing with somethign else? all the alt increased 2x and dash 5x at the moment, but i do agree that this is definitely a bubble or at least this is the beginning, i'm confident we will see a better increase for all the alt if more money come in the market Title: Re: Are altcoins in a bubble? Post by: TravelMug on March 15, 2017, 05:25:55 PM Well, depends on your own perception tho, different people tend to have different view on different object. IMO, altcoins are bubble and also are not bubble :) For me they are just a bubble and will hurt a lot of speculators. Any of the altcoins that don’t offer some kind of new advantage over Bitcoin will really have a hard time making a case for their existence once Bitcoin reaches a stable or has a good price similar to the current price. Simple as that. And if they are in bubble they gonna be bursting soon. Title: Re: Are altcoins in a bubble? Post by: AusKipper on March 15, 2017, 09:13:33 PM ha crypto adoption is like 0.00000000001% so yes these can go WAY higher or crash nobody can really know which way it will go. I think it will keep happening in cycles....hopefully the bull is just getting started. Minor exaggeration but I think a valid point. The thing to remember with virtually the ENTIRE crypto currency space is that it is very small with very low market penetration and awareness. The top 20 stock exchanges in the world add up to roughly 55,530 billion, the top 650ish crypto currencies on coinmarketcap.com add up to 25.4 billion. The returns on a number of these coins has been very significant. The return for Bitcoin for 2016 would have been over 130%. By comparison the return on US stocks was roughly 13-15% average (from what I could find). The 12 month return on Dash (from now to 12 months ago) is currently 1600% If the price of stocks, or housing or gold suddenly shoots up for no real reason you can safely call it a bubble because of how well those assets are known by the investing public. When people think "where should I invest my money" they think of those things. This is not the case with cryptos. I think we could easily see MASSIVE price gains in cryptos without them being in a "bubble" simply as a result of increased awareness and investor education/interest. All it would take is 0.045% (ie, nothing) of the current investment in the top 20 stock markets to flow into crypto and the whole space doubles in market cap. Put another way, if 1% of the money currently invested in stocks was to flow into crypto the prices would go up more than 20x on average. All it will take is a few of the right people to notice the crypto space and the prices could explode WITHOUT it being a bubble. Title: Re: Are altcoins in a bubble? Post by: AusKipper on March 15, 2017, 09:20:02 PM Title says all. Personally I vote bubble. Anything that increases 1000x is too good to be true IMO. I disagree when talking about things that the general public has little awareness of. How much was Facebook worth when it was a few guys in a dorm room and noone had heard of it? $3000? maybe? How much is it worth now? When its estimated worth went from $3000 to a billion dollars was it in a bubble? its market cap is now 400 billion. My point is big things start small, not all price rises are bubbles. Many are though, and the recent upshot of Dash etc could well be a bubble, but it could be awareness. I dont know which it is. Title: Re: Are altcoins in a bubble? Post by: oaks05 on March 16, 2017, 04:21:31 AM yea imma need ethereum to go back under 20 when this pump is all said n done k thanks.
Title: Re: Are altcoins in a bubble? Post by: johne on March 16, 2017, 04:38:34 AM Yep, I think they're in a bubble, but they're still rising in actual value (overall).
Many are though, and the recent upshot of Dash etc could well be a bubble, but it could be awareness. I dont know which it is. That's the bit that sucks... by the time you know whether it's legit and feel like you should go all-in, it's usually too late. I was going to buy about £500 worth of Dash at $12 but decided to sit things out. The price started rising, but I kept sitting things out because it looked too steep to me... it HAD to drop. But it didn't. And just kept going. Now it's at $90+ dollars and I've still got mixed feelings because I don't want to be the greater fool. But I do understand that it could potentially keep going up. I've decided to diversify smaller (in market cap) but promising alts for now and not rush into things so I don't get burned (I'll likely see greater % rises elsewhere, too, now that the Dash train has left... but I'll buy if the bubble pops because we've now seen where it can go). But I digress... I agree that just because something rockets up doesn't necessarily mean it's coming down. It TENDS to, but like AusKipper said, there are examples like Facebook. Dash has also been very good with their advertising... much moreso than Bitcoin (which has only really received indirect advertising through the news, and most people don't have a clue how it works. Dash's advertising actually explains everything in a way that doesn't chase people away). Title: Re: Are altcoins in a bubble? Post by: kolap on March 16, 2017, 04:44:09 AM Yes, it's bubble everyday
Title: Re: Are altcoins in a bubble? Post by: dinofelis on March 16, 2017, 04:53:22 AM It is definitely a bubble. But I think there may also be speculation about the altcoin that will take over at least the "currency" aspect from bitcoin. People are finally realising that bitcoin will not scale, merchants are having difficulties getting paid in bitcoin, and one is FINALLY seeing the ridicule of paying your coffee with bitcoin. So, finally, the idea of "overtaking bitcoin" at least in one aspect is not ridiculous. Bitcoin as a cheap, fast payment system has problems, and there's no solution in sight. So there's a room to be taken, and maybe this is what the speculation is about.
Bitcoin will always remain as a reserve currency for big fish, but it has settings which make that it cannot be used to buy small stuff any more. So more than ever, there's a part of bitcoin's market to be taken, and the speculation on which coin it is gonna be is maybe fuelling this bubble. Title: Re: Are altcoins in a bubble? Post by: CyanFox on March 16, 2017, 04:56:39 AM No, some altcoins are very legitimate and has the proper market cap and price, IMO anonymous coins have good future, also bitcoin will have anonymous feature in the future, let us embrace TumbleBit.
Title: Re: Are altcoins in a bubble? Post by: topesis on March 16, 2017, 04:58:31 AM Dash = $100
What in the World gives that that valuation, it has happened to Bitcoin before when speculation was driving the price. Altcoins are now into the unknown territory never seen before and won't be surprise when the price starts falling. I hold some myself Title: Re: Are altcoins in a bubble? Post by: dinofelis on March 16, 2017, 04:59:27 AM No, some altcoins are very legitimate and has the proper market cap and price, IMO anonymous coins have good future, also bitcoin will have anonymous feature in the future, let us embrace TumbleBit. I'm betting on the horse that bitcoin is what it is now, and will not change, because of the dynamics of immutability, which looks like idiots bickering on a forum and never agreeing if you look at it with a microscope, but which looks like "the only consensus is keeping the rules" when you look at the bigger picture. Title: Re: Are altcoins in a bubble? Post by: Zer0Sum on March 16, 2017, 06:14:47 AM I disagree when talking about things that the general public has little awareness of. People glaze over about 10 seconds after you start talking about Bitcoin :D Title: Re: Are altcoins in a bubble? Post by: Herbert2020 on March 16, 2017, 06:23:26 AM it is a bubble and the reason is pretty damn obvious.
anything that rises too much too fast is a bubble. and it doesn't matter what it is, if it is a shitcoin that is being pumped or it is a very big and established market like gold. and bubbles pop and when they pop the price drops pretty hard. now add to that the fact that nobody really uses altcoins, and majority are just trading them to get more bitcoin or money in their pockets that is why they will dump and move on to the next project to pump and make more bitcoin or money. Title: Re: Are altcoins in a bubble? Post by: AusKipper on March 16, 2017, 06:28:07 AM I disagree when talking about things that the general public has little awareness of. People glaze over about 10 seconds after you start talking about Bitcoin :D In western countries with high trust in their fiat money, sure. Typical response is "why do I need bitcoin when I can just use money?", and its a fair question when you're not talking about it in an investment capacity. However I don't think you have the issue with glazed eyes when talking about Bitcoin in China and India (capital controls), or Venezuela and some African countries (failed currencies). Title: Re: Are altcoins in a bubble? Post by: dinofelis on March 16, 2017, 07:09:09 AM However I don't think you have the issue with glazed eyes when talking about Bitcoin in China and India (capital controls), or Venezuela and some African countries (failed currencies). Sure. But it can't be used as a currency there, too few transactions, too high fees. Title: Re: Are altcoins in a bubble? Post by: emdje on March 16, 2017, 07:59:08 AM Only coins with actual real world application are not in a bubble the rest is :)
I have my shortlist of coins that are not in a bubble - GameCredits Title: Re: Are altcoins in a bubble? Post by: NorrisK on March 16, 2017, 08:08:44 AM I think it is just getting started. If we take the last price hike of bitcoin as a reference and see what the altcoins did there, it took a few months after bitcoin collapsing for the altcoins to grow and collapse. Two/three coins are now leading the charge and they are enabling other coins to grow with them.
Title: Re: Are altcoins in a bubble? Post by: AusKipper on March 16, 2017, 08:56:45 AM However I don't think you have the issue with glazed eyes when talking about Bitcoin in China and India (capital controls), or Venezuela and some African countries (failed currencies). Sure. But it can't be used as a currency there, too few transactions, too high fees. Not day to day coffee style transaction, no. But they can probably use altcoins for that. Title: Re: Are altcoins in a bubble? Post by: AusKipper on March 16, 2017, 08:58:19 AM Only coins with actual real world application are not in a bubble the rest is :) I have my shortlist of coins that are not in a bubble - GameCredits Sarcasm right? Title: Re: Are altcoins in a bubble? Post by: TeraBite on March 16, 2017, 09:06:18 AM Definitely it's a bubble blood bath can be start at any moment. Old bag holders already at the beginning of this rally.
Title: Re: Are altcoins in a bubble? Post by: Minecache on March 16, 2017, 09:09:22 AM Old bag holders already at the beginning of this rally. What does this mean?Title: Re: Are altcoins in a bubble? Post by: jakelyson on March 18, 2017, 11:16:53 PM It looks like a bubble to me, increasing price 1000 folds in a span of few days is definitely a bubble. But some alt coins are just increasing because of the price of bitcoin crashing. A natural effect if you ask me. If the price of bitcoin recovers, that bubble will burst.
Title: Re: Are altcoins in a bubble? Post by: batang_bitcoin on March 18, 2017, 11:24:07 PM Its bubble for me, these BU FUD starts to do something crazy and right now their followers starts to create a bubble. So for those traders that has a good pump for their coins better sell it out before the bubble pops or you will regret it in the end for being confident. Btc will rise again and that's for real.
Title: Re: Are altcoins in a bubble? Post by: manselr on March 18, 2017, 11:44:40 PM Altcoins are on the rise because of the hard fork fears triggered by Jihan Wu the chinese trolll and roger ver the rich lucky early investor in bitcoin (why did this idiot have to have so much money?)
once this is resolved, the alts will crash as always. Title: Re: Are altcoins in a bubble? Post by: ohforf on March 19, 2017, 04:54:14 AM Yes alts in a bubble , eth going to be 1000 usd soon and make us all rich
Title: Re: Are altcoins in a bubble? Post by: digaran on March 19, 2017, 05:04:54 AM Or maybe people are realizing some altcoins are actually offering more than what bitcoin is offering them, why wouldn't you mine, trade and adopt using an altcoin if the network and teams behind the development are like bitcoin's?
DASH is now reaching some momentum and if everyone keep buying it and no whale dumps big then why would it be a bubble? Title: Re: Are altcoins in a bubble? Post by: hajimasan on March 19, 2017, 05:10:31 AM Title says all. Personally I vote bubble. Anything that increases 1000x is too good to be true IMO. in my openion this is just like the investment assets then is a way to make money in legit ways .Here it is truth that daily new new altcoins are coming in the online market and also few of them are going also but in actual these the main source of income , so instead of saying it as bubble we should consider them a legit way to make money and nothing . |