Has anyone NOT made profit in this astonishing bull run??

[dinofelis]

Yes, but exiting to what? If you're exiting to BTC then you're not exiting at all. All you're doing is changing token. If you're exiting to fiat then that's a different matter.

anything that's a stable respite. i'd be going for assets or dollars. and when it craters you can jump back in again. that depends on whether you believe the crater is coming and it'll recover from it. i have a small feeling that none of the alts, and quite possibly btc too won't be the ones that actually get established in the world at large.

it's a shaky comparison, but virtually nothing survived the dotcom bubble implosion. what did survive was the idea. and it came back a whole lot better.

Exactly.  I have exactly the same feeling as in the end of the 90ies.  Same delusional promises, same "in the future we will".... without anything much to show for, same money pooring in, "investing" at losses,...  I remember all the talk of the "new economy". 

Crypto has not much real world usage that is not related to crypto itself to show for.  Yes, potentially innovative ideas, yes.  But in practice, nothing that really gets used for real.  Ok, some retailers accept bitcoin, and they say that it gives them a 1% increase in their business, at best.  But essentially, the only real world usage of the stuff is dark markets.

That said, there's one thing that crypto became, and may very well stay: an ever increasing collection of virtual financial assets, on which "investors" can play in almost infinite combinations, in order to try to get money out of the pockets of their peers and in theirs.   The derivatives market does the same, but is bound by some underlying, which essentially serves as the 'random number generator' of the game, to determine who wins and who loses.  Crypto can do the same, but without underlying.  As such, crypto could take a significant place in the financial sector, to replace or to complete, the portfolio of big financial players gambling against one another, this time without an underlying, and with the market of the gambling token itself as the random generator indicating the winners and losers.   There's 10 times the world GDP in the derivatives market, so there's enough room for growth of the market cap in crypto as this ever-growing basket of gamble tokens where in the end, nobody knows what will rise and what will fall 10 seconds later.

However, for that to become successful, there cannot be a systematic order, nor a steady growth of coins: coins have to rise from low to very high one day, to drop to oblivion the next day, in totally unpredictable sequences for this market to become a truly noisy financial gambler's game.  Maybe this is the "disorder" we are witnessing: the transition from an ordered "growth" of individual coins, into a random jump fest of coins coming up from deep below, and others dumped from high to deep down again.

[Dogeboi3210]

My belly is full of profit. I have done nothing but hodl some alts (and of course BTC). All my losses are wiped out.

Has anyone NOT made profit during this bullish 18 month boost from $8bn to over $30bn total crypto market cap??

Some say it was always going to happen, but it's still astonishing to me.

The only way anyone loses money is by shorting or not buying into the market in the current bull run!

[StinkyLover]

That said, there's one thing that crypto became, and may very well stay: an ever increasing collection of virtual financial assets, on which "investors" can play in almost infinite combinations

I agree with that statement, I've been thinking it for some time. But I do also believe a real world use of cryptos will become a reality and possibly sooner than you think. Large corporations are now creating their own digital tokens and ePayment solutions. It's just a matter of time imho before some big corporation decides to use an already existing crypto rather than go to the bother of creating a custom ecosystem. It might involve a partnership that makes the headlines. Something other than BTC/ETH/XRP.

[European Central Bank]

It's just a matter of time imho before some big corporation decides to use an already existing crypto rather than go to the bother of creating a custom ecosystem.

they are. that's what the enterprise ethereum alliance thing is. but they'll never use the open blockchain. it's easy enough to create a private version.

it is 'A permissioned implementation of Ethereum supporting data privacy'

that's kind of what's pathetic about much of the coin hype. even when a big company is using something it almost always turns out to be lifting the code for their own ends and never the coin itself. all that microsoft azure stuff seemed to drag on forever with shitcoins joining every second.

[Barbut]

On poloniex everything is green for days, and I spent some time reading what people are talking there, for some coins this is far from over.  I will definitely hold some coins, and I`m thinking to buy some coins more, ripple seems to be cheap now, I don`t know maybe etc or more ltc. I have some digibytes from playing lol and cs, even dgb is up. What is happening is just crazy.

[StinkyLover]

It's just a matter of time imho before some big corporation decides to use an already existing crypto rather than go to the bother of creating a custom ecosystem.

they are. that's what the enterprise ethereum alliance thing is. but they'll never use the open blockchain. it's easy enough to create a private version.

it is 'A permissioned implementation of Ethereum supporting data privacy'

that's kind of what's pathetic about much of the coin hype. even when a big company is using something it almost always turns out to be lifting the code for their own ends and never the coin itself. all that microsoft azure stuff seemed to drag on forever with shitcoins joining every second.

True, that's why I think it won't come from ETH. I couldn't see what the big deal was with azure. It's was coin news on the same level as announcing that you and other team members have just got yourselves GitHub accounts, and you have started to use them!! It was a silly bubble but I bet people made some significant gains on some of those rises.

There's not a lot of 'true' crypto knowledge out there. You have to maintain your own private version.

I'm thinking more of the gaming industry (MMORPG) where the coin fluctuations and variety would add emotion to the gaming experience.

[StinkyLover]

On poloniex everything is green for days, and I spent some time reading what people are talking there, for some coins this is far from over.  I will definitely hold some coins, and I`m thinking to buy some coins more, ripple seems to be cheap now, I don`t know maybe etc or more ltc. I have some digibytes from playing lol and cs, even dgb is up. What is happening is just crazy.

It's funny that everyone's so cool about it. People been waiting for these here times for years. But will it last?

http://www.magicmgmt.com/gary/magic8ball/index1.html

[European Central Bank]

It's funny that everyone's so cool about it. People been waiting for these here times for years. But will it last?

http://www.magicmgmt.com/gary/magic8ball/index1.html

'this time it's different'.

and there's a 'new paradigm' in town too.

you heard it here first.

[Barbut]

On poloniex everything is green for days, and I spent some time reading what people are talking there, for some coins this is far from over.  I will definitely hold some coins, and I`m thinking to buy some coins more, ripple seems to be cheap now, I don`t know maybe etc or more ltc. I have some digibytes from playing lol and cs, even dgb is up. What is happening is just crazy.

It's funny that everyone's so cool about it. People been waiting for these here times for years. But will it last?

http://www.magicmgmt.com/gary/magic8ball/index1.html

Magic8ball ` Signs point to yes`! ` Without a doubt` was the second answer. 
I woke up and take a look what is happening and surprise surprise, dash is second coin behind the bitcoin and now dash worth 0.073? Can you believe in that? Looks like this will last, question is how long and which coins will take the best from this rise.

[Ayers]

My belly is full of profit. I have done nothing but hodl some alts (and of course BTC). All my losses are wiped out.

Has anyone NOT made profit during this bullish 18 month boost from $8bn to over $30bn total crypto market cap??

Some say it was always going to happen, but it's still astonishing to me.

The only way anyone loses money is by shorting or not buying into the market in the current bull run!

but someone lost money here because not all can do profit, trading it's a sum zero, if few are on grene streak, other are on red, maybe one is the winner and many other small fish are the loser, but you get the point, it's not noticeable if many people lose few cent and one is winning a tons, it's like he stole the coins from them, and the story repeat itself

[clickerz]

On poloniex everything is green for days, and I spent some time reading what people are talking there, for some coins this is far from over.  I will definitely hold some coins, and I`m thinking to buy some coins more, ripple seems to be cheap now, I don`t know maybe etc or more ltc. I have some digibytes from playing lol and cs, even dgb is up. What is happening is just crazy.

Got some profit from XEM too, but not that big during the pump. My waiting my order in DGB to be filled up but its too low to be reach Maybe some are selling their coins, those coins that to be delisted and exchange for other coins on Polo that possibly adds to pump on some  coins.

[maku]

HODL. Cryptocurrencies are so useful, that only $30 bln part of global financial market is a joke

This. Sure, we will have issues, drama, politics, manipulation but eventually none of the should matter.

Altcoins don't care about politics or legal regulations, they are so significant from the legal point of view.
There is no need for authorities to even acknowledge their existence. The main problem ofaltcoin is still (and forever will be) price manipulation.

Spoetniktard.

By the way where is Spoetnik, I haven't seen him around lately? Maybe I missed his posts...

[European Central Bank]

Altcoins don't care about politics or legal regulations, they are so significant from the legal point of view.
There is no need for authorities to even acknowledge their existence. The main problem ofaltcoin is still (and forever will be) price manipulation.

at some point the authorities will start paying attention to the ico thing and alot of shit will go down.

alts in terms of pure turnover are probably now bigger than the stock markets of certain countries. they're not an obscurity any more.

assuming you can do anything because they haven't done anything yet is a very foolish attitude.

[btbrae]

On poloniex everything is green for days, and I spent some time reading what people are talking there, for some coins this is far from over.  I will definitely hold some coins, and I`m thinking to buy some coins more, ripple seems to be cheap now, I don`t know maybe etc or more ltc. I have some digibytes from playing lol and cs, even dgb is up. What is happening is just crazy.

Generally people have their own diversification strategy and when you raise their profits they will spread them out. So all coins rise with the tide.

[andrei56]

Me, more or less.   The irony is that I lost out on making a profit because I spent bitcoin.  And if you ever needed proof that bitcoin is doomed as a form of money, there you go.  When people want to hold onto something instead of spending it, that's a lousy currency. 

Can confirm. Most of the time I want to make a purchase but I'm held back by the fact that the price could shoot up and I could be out of a couple bucks that I could've gained if I had just held. The way I see it, Bitcoin is more of a storage device than a currency, considering most people in the speculation section of the forum seem to like holding, as do I.

I disagree, one of the purposes of money is to be a store of value, and bitcoin is doing that in a great way, as you say this causes people to keep holding but this is better than what we have with fiat, since fiat is not a store of value people spend their money as fast as they can because they know that their money is going to lose value, you are just not used to the way real money behaves because you have only used fiat in the past.

[IadixDev]

Me, more or less.   The irony is that I lost out on making a profit because I spent bitcoin.  And if you ever needed proof that bitcoin is doomed as a form of money, there you go.  When people want to hold onto something instead of spending it, that's a lousy currency. 

Can confirm. Most of the time I want to make a purchase but I'm held back by the fact that the price could shoot up and I could be out of a couple bucks that I could've gained if I had just held. The way I see it, Bitcoin is more of a storage device than a currency, considering most people in the speculation section of the forum seem to like holding, as do I.

I disagree, one of the purposes of money is to be a store of value, and bitcoin is doing that in a great way, as you say this causes people to keep holding but this is better than what we have with fiat, since fiat is not a store of value people spend their money as fast as they can because they know that their money is going to lose value, you are just not used to the way real money behaves because you have only used fiat in the past.

The thing is it's hard to back the value of a virtual assets where its disconnected from "real economy" and you cant really exchange it for much anything else than fiat or other crypto.

[dinofelis]

It's funny that everyone's so cool about it. People been waiting for these here times for years. But will it last?

http://www.magicmgmt.com/gary/magic8ball/index1.html

'this time it's different'.

and there's a 'new paradigm' in town too.

you heard it here first.

Indeed.  It is funny to see the parallels between the crypto hype and the dot-com hype some 20 years ago.
That said, out of the dot-com bubble did arise things, like google and amazon.  But pets.com didn't survive.
Whatever will come out of crypto, when all the dust settles, it is not what it was set out to be.

[arbitrage]

My eyes were too greedy and my investments turned to Yobit and its dead coins. This is my doom. Lost opportunity. I thought i can make magnificent returns, if i wait but when something is dead, stays dead. Invest only in live coins, don't expect miracles. I had luck with Cloak and Geo coin, this revived me.

[carlfebz2]

My eyes were too greedy and my investments turned to Yobit and its dead coins. This is my doom. Lost opportunity. I thought i can make magnificent returns, if i wait but when something is dead, stays dead. Invest only in live coins, don't expect miracles. I had luck with Cloak and Geo coin, this revived me.

So sad that you turned out to invest on dead or shit coins specially when you are trading on yobit there are lots of dead coins on there which means you cant carelessly select a coin without knowing it properly because one mistake will surely put you into loss.I have experienced already this kind of situation and the truth same as yours I'm holding still some dead coins on my wallet but I really don't expect from it.

[European Central Bank]

Indeed.  It is funny to see the parallels between the crypto hype and the dot-com hype some 20 years ago.
That said, out of the dot-com bubble did arise things, like google and amazon.  But pets.com didn't survive.
Whatever will come out of crypto, when all the dust settles, it is not what it was set out to be.

i think we're quite some time away from THE bubble yet. 2013 was a tiny blip. any hard rises in the next few years will be blips compared to what's coming.

there's still virtually no one involved in bitcoin, and there's less than no one involved in alts. anyone with some skin in the game right now could well end up richer than they ever imagined possible in a few years if a reasonable fraction of the public and professional money gets excited.

and then it might well turn to shit.