Bitcoin Forum

Have you noticed whether all old cryptocurrencies went through ∧ shape in price?

Will all cryptocurrencies have gone thru this and let people make big profit?

Obviously you are looking at the 2017 bull run of the coins .most of the coins that time were super high and then came down a lot . You can't expect each and every coin to follow it though.

Some projects will be able to exceed the previous ATH, but of course in my opinion more than 90% of all projects are trash and do not represent any value, or copy each other!

Not just copy others work but also focusing on advertisement to promote their project and suddenly closing it or neglect the project. Most projects only wants the investment and not to produce a good project that would solve some existing problem we have.

Cryptocurrencies pass through ups and downs regularly. Usually it happens not just with one, but with many different crypto at the same time.
Yes, there are people who will catch the bottom or top and make profitable investment or take the profit. That happen all the time. Think your own head and do not skip the chance.

Hopefully the new wave will start soon and we will be witbessing this same big peak in the best coins once again, i am hopefull we will see dominating bulls in coming months.

Most of the old projects in 2017 were value manipulated and reached ATH, most likely when Bitcoin reached $ 20k there will be a lot of altcoins that were never as valuable as in 2017. There are many projects now dead. , the developers have stopped the project.
New ICO projects are still being overstated and value manipulated. Be careful as it could be a permanent ATH for the time being.

Is this from the charts that you have noticed? if so, can you give some image of that upsidedown V shape of what you have noticed?

Yes, what do you think of the cryptocurrencies market? a newly born market that won't recover from this? how long you've been into this market and is this the first time you've seen it go down?

That’s a pump and dump shape which happen all the time especially on a short time frame but if you look at the bigger frame we are able to bounce back and rise again from the down trend.

Every cryptocurrency experience this, there’s a time when they hit the peak and goes down again to create new support level, well this is a volatile market and we have to ride every wave to make profit.

It will and that's happening right now. Did you see the chart that happened on some legit coins in the market? I have noticed that especially for ethereum as the shape already happened.

Some cryptos have already passed that shape and i guess there will be a time for us to see the v again and it can be the best time to buy in the market again.

People have already made a lot of profit from the legit coins.

Just try to leave the market and then back it later. that pattern means the coins were getting pumped and then dumped back again.
That's a common thing.

I don't think all will have the same phenomenon.  ;D
Just look at USDT. It won't even move much. That's because it is a stable coin.

But I also wonder since I saw your post.
Could it be that the next scenario will be "/"?  ::)

Let's take a look at the projects that have become successful... In terms of price, not usage, in terms of usage except BTC and ETH they are not at all! Here you have all this bunch of unnecessary shicoins that appear every day and disappear just as quickly! And cryptocurrency is only 10 years old! ;D

From my own point of view, not all cryptocurrencies will be gone through like that. There are also many cryptocurrency coin projects that fails after it was launched. There's still a nice possibility that all of them can have a pyramid like chart representing their value, but it's not always a positive roi. Sometimes, it only happens when the coin's value was down greatly and there was some time on it that buys are more than sells, but later been dumped again.

Not all old cryptocurrencies have a shape in price, because it really depends on the development of each cryptocurrency that has been printed by their respective teams, because for now there are so many cryptocurrencies that have died due to not having the products they promised for a long time past.

Actually Stable coin is slight affected and if take a zoom on the price during 2017 and 2018 price action, You will notice that it has same pattern as the majority of cryptocurrency. All cryptocurrency price depends on BTC even stable coins because they are just theoretically pegged to USD price but they can go lower or higher on that level which indicates that there is price influx happening on BTC.

It will start soon. But the problem is we don't know which coin will begin for the first time. Maybe the altcoin will have its time to increase higher, and after the altcoin gets its time, the bitcoin price will follow to start the rally and touch the new ATH. I am sure the bull run will come, whether it will happen this year or next year. We can prepare from now on to buy more and more while still having time to buy at a low price. But we need to be still careful because there will be many corrections before the price increases.

now that you said that:

Qtum

January 2018 was priced at $89

current price is $2

https://coinmarketcap.com/currencies/qtum

Lisk

January 2018 was priced at $32

current price is $1.22

https://coinmarketcap.com/currencies/lisk/

Neo

January 2018 was priced at $170

current price is $21

https://coinmarketcap.com/currencies/neo/

be very careful with altcoins that you invest and never create high expectations, there are people who even today are still deluding themselves that these altcoins that I mentioned will get their ATH

In the second half of 2017, when there was a general rise in the cryptocurrency market, almost all types of cryptocurrencies grew in price. Then the market was still very young and its participants did not have enough experience. Now the cryptocurrency will not grow in price so massively. Investors will only invest their money in projects that are clearly promising. And there are not so many of them.
At the same time, DeFi projects can still repeat itself, as in 2017.

But now, the investor becomes smarter than in 2017 because they learn from their mistake, and I think they can choose what coin will potentially increase.
But I admit that many investors are still confused about researching the project because many projects have been released every week, and almost all projects have the same idea.
The history will repeat itself, and I think we will see another bull run almost the same as in 2017.
I am sure that the crypto market will give us the chance to make a big profit in the next bull run.
So it would help if you prepared from now on before the bull run comes, and you will be late to join that party.

It's not all but only some. Some old coins even going to the hell as there's no one who has been using it again and the developer has gone too.
It's better if you are seeing the old coins like waves or something else.

The coins that were getting shape only the coins that have been still using a lot of people.

Did you see coin like credits, kickcoin or another one?

Recently the top defi coins have peaked and they will be forming similar chart that will be fully visible in a couple of more weeks. I am not saying it was a pump and dump scenario but definitely there was some manipulation from the whales and others just chased the pump. Looks like in few weeks there will be good opportunity to buy good defi coins for cheap.

Is this just a speculation or an assumption on your part that you can make a prediction saying that in a few weeks there will be a good chance of buying a good defi coin for a cheap price? if this can happen then your prediction is a very extraordinary thing.

Some will do and some will not, the coming all time high will be different not all coins will see another all time high only coins with a lot of good support, and potential like product and platforms that the community are using, a coins or tokens should not only about roadmap and promises there should be platform like what the DeFi tokens are offering.

There is no Crypto tokens that has not gone through this pump and dump phase even BTC, but the difference is if the project truly have a true product that solves people's problem, BTC has rise and dump several times and we all know that it will rise again because there is a strong fundamentals being it. Only shitcoins pump, dump and die

Not all. Check CMC, some would just repeat the wave again.
Expect that shapes to shitcoins, OP.
They don't tend to last long for even a single night due to many dumps happening, causing the price to flatten after the whole day of being sold by different types of people who gets them.

Looks like all cryptocurrency is just recovering the price level. In particular, old coins are pumping after corrections. But the new coins and shit coins graph are different. New coins will take time to equal the supply and demand. Most of the coins are shit coins. These coins will die. All cryptocurrency won't let people make a big profit.

Pumps and dumps are very common in crypto market as new and old coins really tend to pump and then dump, and then vice versa. But for shitcoins, they will eventually pump and then suddenly dump and then totally lose their value. Unlike bitcoin and ethereum that are experiencing certain dumps at the moment but are expected to recover their prices once the market starts to pump.

I think that Defi tokens will survive the same thing that once was the case with ICO tokens... Because there are a huge number of them, and most of them will turn out to be a scam... ;)

Not necessarily, that spike is not a good indicator of any future growth as basically every shitcoin has had that spike back in the 2017 bull market. So I would say that more than 90% of those ATHs will never be reached again as a lot of those projects that have received a decent amount of hype back then will slowly but surely drift to obscurity and get replaced by newer, more advanced alternatives.