Are we in a bubble?

[NUFCrichard]

I follow crypto stuff and have done for a long while, but I justed looked on coinmarketcap and saw in the top 30 some names like DigixDAO, PeerPlays, Stellar Lumens, Shadowcash, Stratis and Xaurum.
I haven't heard of any of them!  They all have a market cap of over $8mill too. One year ago only the top 10 coins or so had a market cap of over $8 million.

I know lots of fanboys who hold the above coins will now post saying that they are great (until they sell them), but it looks to me like we are in a bubble.

What do you think, bubble or just lots of good coins!?

[Daffadile]

What exactly do you mean a bubble ? I think it is good that the market is growing larger and more valuable. I don't think there is any reason not to be happy and celebrate your favourite coin/coins. It is also very interesting to see all the coins innovations and how they perform in the longrun.

[coin-investor]

I follow crypto stuff and have done for a long while, but I justed looked on coinmarketcap and saw in the top 30 some names like DigixDAO, PeerPlays, Stellar Lumens, Shadowcash, Stratis and Xaurum.
I haven't heard of any of them!  They all have a market cap of over $8mill too. One year ago only the top 10 coins or so had a market cap of over $8 million.

I know lots of fanboys who hold the above coins will now post saying that they are great (until they sell them), but it looks to me like we are in a bubble.

What do you think, bubble or just lots of good coins!?

I think the latter crypto currency keeps getting better and better,the latest craze now is zcash,used to be steemit
more coins are coming up with good features and the community and traders are adopting them.

[Sylon]

One year ago only the top 10 coins or so had a market cap of over $8 million.

Don't you think Bitcoin, blockchain and crypto-currencies became more popular during the last year ?

[rdyoung]

A lot of them are manipulation, have a high market cap but no volume.

[Ayers]

we are in bitcoin bubble and this is why you see that all the coin are increasing, this is only because of bitcoin recent increase, but altcoin are increase only against usd and not against bitcoin, and this is a sign of dumping and not a bubble, just take a look at their graph, it will show a decline on each one

[robelneo]

I follow crypto stuff and have done for a long while, but I justed looked on coinmarketcap and saw in the top 30 some names like DigixDAO, PeerPlays, Stellar Lumens, Shadowcash, Stratis and Xaurum.
I haven't heard of any of them!  They all have a market cap of over $8mill too. One year ago only the top 10 coins or so had a market cap of over $8 million.

I know lots of fanboys who hold the above coins will now post saying that they are great (until they sell them), but it looks to me like we are in a bubble.

What do you think, bubble or just lots of good coins!?

I think it's both,there are so many kinds of traders,those who are just for pump and dump and some for long term,but at least crypto currency trading is alive and stronger and with so many new coins coming up with unique features and projects we will see more coins with marketcap of over 8 million up..

[European Central Bank]

market caps are crazily vulnerable to being manipulated and they're a really shitty measure in the first place.

but who knows whether we're in a bubble? to me at least the $1 billion eth market cap will feel as silly in the future as the $50 litecoin does now. i certainly never expected this year's alt craziness to happen.

what would be really interesting would be to see what happened if bitcoin got into the multiples of thousands and stayed there. a lot of people expect an automatic alt pump but we have 2013 to look back on.

since then bitcoin has gained a ton of different users and usages. all of the alts from back then have delivered fuck all and they all would have been dire investments. bitcoin hasn't been too hot either.

are we gonna get a fresh wave of morons for pumpers to excite with their worthless wares or would it be clear enough that bitcoin is staying on top? maybe there's enough morons to keep buying alts out of bubble territory.

[Febo]

I follow crypto stuff and have done for a long while, but I justed looked on coinmarketcap and saw in the top 30 some names like DigixDAO, PeerPlays, Stellar Lumens, Shadowcash, Stratis and Xaurum.
I haven't heard of any of them!  They all have a market cap of over $8mill too. One year ago only the top 10 coins or so had a market cap of over $8 million.

I know lots of fanboys who hold the above coins will now post saying that they are great (until they sell them), but it looks to me like we are in a bubble.

What do you think, bubble or just lots of good coins!?

One year ago or more BTC was once or 2 times cheaper as it is now. So onyl BTC gave to alts x3. Then as in past when BTC grow, alts grow more.   Yes, year 2016 was so far great for crypto. 2015 was so so good. 2014 was catastrophy.

[nknarula]

Feels like there is just more fiat moving into the digital currency space. Growth rather than bubble. Just my opinion. I've been around since btc was 2 bucks. Btw... I'm retired now.

[klarki]

The majority of the coins is a bubble.
XAUR - campaign engaged in gold (if not mistaken).
Coins = gold reserves.
Capitalization it grew through the sale of tokens during the ICO.

[bbc.reporter]

I follow crypto stuff and have done for a long while, but I justed looked on coinmarketcap and saw in the top 30 some names like DigixDAO, PeerPlays, Stellar Lumens, Shadowcash, Stratis and Xaurum.
I haven't heard of any of them!  They all have a market cap of over $8mill too. One year ago only the top 10 coins or so had a market cap of over $8 million.

I know lots of fanboys who hold the above coins will now post saying that they are great (until they sell them), but it looks to me like we are in a bubble.

What do you think, bubble or just lots of good coins!?

They are all cryptocoins and platforms that have no real use case in the real world. So yes this is all based on the speculations of the buyers and sellers aka this all a bubble like you said. Give me one project that you mentioned above that has a chance or a future. Look at them and think well about it. None of them has the circular economy needed to maintain their value. If the speculators decide to sell their bags and not com back, you will see another dying altcoin in an exchange with average volume lower than 5 bitcoins. Give it more time and I am positive it will happen to most coins and tokens.

[housebtc]

Not yet, the reason we have more money into Crypto today is because of more exposure Bitcoin has today, someone like me don't know the word Altcoin this time last year, but today I into crypto investing and I've also get people involved into it. The bubble will come and it is fast approaching,when my barber is introducing Bitcoin investment to me then I know we are certainly in Bubble

[cryptohunter]

The real value tied up in crypto is tiny. The actual invested fiat into crypto is even smaller. There is room for 100x 1000x more fiat to be sucked in. I'm holding out for many more 1 billion usd valued coins. Eth, xrp and ltc were just the first many more will come as time goes on.

BTC may well always be king but there alts with real world usage advantages over BTC so over time I think they will gain traction as crypto is more widely used and people feel safer having some percentage of the net worth tied up in it.

I would have like decentralised market places to take off a lot more but this is early days.

[dinofelis]

I think we are in an obvious bubble since many years with crypto.  To me, the discerning question between "increasing adoption" and "bubble" is the following: 

What is the main motivation to buy crypto ?  Is it:
1) to use it (to buy stuff, to set up smart contracts, to transfer value, to whatever ...)
2) to hope for a price increase ?

If the answer for most of the volume is 1), then a price increase indicates greater adoption ; if the answer for most of the volume is 2), then it is a bubble.

[kiklo]

Yep, BTC is a bubble.

If we were actually seeing increased adoption , then the prices would be decreasing as the merchants converted to FIAT.

The Fact we are seeing a price increase of BTC, means adoption has decreased and less merchants are converting to FIAT.

Basically here is the Pump, get ready for the Dump.  
Probably back down to ~$350, if not lower.

 

FYI:
Nov 13th, 3 years ago , BTC was ~$1275 per coin, it has been going down in price for years, and the people that brought at the high, all lost money on BTC.
Alts are faster & cheaper , BTC is old & slow, and can't even be updated due to the Chinese mining pools refusing to update.
BTC is a Dead End.

[talkbitcoin]

I follow crypto stuff and have done for a long while, but I justed looked on coinmarketcap and saw in the top 30 some names like DigixDAO, PeerPlays, Stellar Lumens, Shadowcash, Stratis and Xaurum.
I haven't heard of any of them!  They all have a market cap of over $8mill too. One year ago only the top 10 coins or so had a market cap of over $8 million.

I know lots of fanboys who hold the above coins will now post saying that they are great (until they sell them), but it looks to me like we are in a bubble.

What do you think, bubble or just lots of good coins!?

it is a very simple manipulation of this thing called "marketcap" you simply increase the number of available coins as much as you can and then with a pump and some hype you get a huge market cap. Ethereum is the biggest example of this.

but lets look at the coins you named:
DigixDAO has 2 million coins
PeerPlays has 1 million
Stellar Lumens 6.8 billion
Shadowcash 6.5 million
Stratis 98 million
Xaurum 87 million
and my favorite Ethereum has 87 million

now all you have to do is pump the price so with a huge number of coins available even a small price creates a huge marketcap. and if you look their volumes, they only stay up as long as there is a pump going on and then it is back to dead town which proves the manipulation.

[NeuroticFish]

What do you think, bubble or just lots of good coins!?

It is a bubble, but it's not that bad.
People always wanted to invest the money into something with chances to grow.
These crypto-whathever-things do grow, while investing into banks became underproductive and investing into stocks way too risky (now THAT's a huge bubble).

Some see the cryptocurrencies as nice assets to diversify investments, some understand (more or less) the concepts and invest in altcoins that may have a future or at least promise good things (one of the alts in your list even showed pictures of documents that tell their assets are backed with gold).

While everybody wants a slice of the crypto pie, the prices have a chance to grow (it depends though of how healthy the crypto is, how good is it advertised and other things).
It's not the adoption some would think, but yeah..

[michellee]

i am not sure that we are in a bubble for now, because we can not know when the time is come to bubble. for know i think the cryptocurrency market were flooded by new of ICO and i think this is a good opportunity for us to play with ICO but be careful because not all ICO is guarantee can make us some money.

[Dassi]

we are in bitcoin bubble and this is why you see that all the coin are increasing...

I'd say so far so good, bitcoin is about the only coin who's price rises with time. So bitcoin is not a bubble.