What is happening currently with cryptocurrencies

[audaciousbeing]

That is actually a really accurate, cryptocurrencies have became so popular that pretty much every single coin has some volume. People are just investing blindly in some xxx coins, without taking any look at their specifics, team standing behind it or technical solutions.

It seems pretty funny for me, because you need to spend the money to buy any coin, even the cheapest one. It means that a big part of people are willing to invest their hardly-earned money just for some hope, that they will get into such a big rise as we have seen on bitcoin. People in this world (the crypto one) are way too greedy, this is why so many shit alts are being created. Because people are just willing to invest in them no matter what, so basically every single shit/scam/dead coin gets at least some of the marketshare. But still, BTC will remain on top of the whole hierarchy.

The reason for such is simply to the best of my understanding is because most of those details are too technical for lay understanding and they the writers forgets that its not everyone that understands all this and won't even bother. So the moment one or two people recommend the project and the developers have a lot of money to do advert and you see this advert everywhere you turn to on social media, people just believe its the next big thing to happen until its too late to turn back.

[jonald_fyookball]

Interesting that not a single poster so far shares my concern.  I guess you will need to see a bear market first.

[btbrae]

These are 2nd generation cryptocurrencies. They've matured and are grateful for your contributions.

Like a good milf.

Go balls deep and don't look back.

[European Central Bank]

Interesting that not a single poster so far shares my concern.  I guess you will need to see a bear market first.

i think it's inevitable myself. and it's time people stopped treating the market as entirely one thing. it's slowly splintering into areas that'll do their own thing independent of each other.

but i also believe alts are in an insane bubble backed by less than nothing whereas bitcoin currently is not. if you're worried about a bitcoin bear market, i think a genuine alt bear market will be stunning to watch.

we already have an example of that divergence. the alt rise last year was incredible too while bitcoin basically sat there and did pretty much nothing the whole way through.

[BitcoinPanther]

  Everyone knows BTC is king so everyone will return back home 

This was true up till now... but if Bitcoin will stay the king is more in doubt than ever.  That was the point of the meme.

There is always a chance that some altcoin, either new or old to take over Bitcoins place.  Though it may not happen today since Bitcoin community is still strong but the tendency of a community to move to a more technical advance and less dramatic more profitable coin is always there.  Besides it is the profit that these people are in bitcoin so if ever another altcoin gives them that opportunity then these people will move towards this altcoin.

[The One]

Interesting that not a single poster so far shares my concern.  I guess you will need to see a bear market first.

i think it's inevitable myself. and it's time people stopped treating the market as entirely one thing. it's slowly splintering into areas that'll do their own thing independent of each other.

but i also believe alts are in an insane bubble backed by less than nothing whereas bitcoin currently is not. if you're worried about a bitcoin bear market, i think a genuine alt bear market will be stunning to watch.

Yes... oh yes. I'll be waiting to buy at the bottom.

[socks435]

  Everyone knows BTC is king so everyone will return back home 

This was true up till now... but if Bitcoin will stay the king is more in doubt than ever.  That was the point of the meme.

There is always a chance that some altcoin, either new or old to take over Bitcoins place.  Though it may not happen today since Bitcoin community is still strong but the tendency of a community to move to a more technical advance and less dramatic more profitable coin is always there.  Besides it is the profit that these people are in bitcoin so if ever another altcoin gives them that opportunity then these people will move towards this altcoin.

I think for now its impossible that those altcoin will bitcoin can change place. since bitcoin is more useful and many merchant are accepting it unlike those altcoin with slow development.. even they are advance than in bitcoin people are still staying in bitcoin if this is more reliable to use and more convenient.
Look at other country like brazil and paris that accept bitcoin as payment..

[MingLee]

  Everyone knows BTC is king so everyone will return back home 

This was true up till now... but if Bitcoin will stay the king is more in doubt than ever.  That was the point of the meme.

There is always a chance that some altcoin, either new or old to take over Bitcoins place.  Though it may not happen today since Bitcoin community is still strong but the tendency of a community to move to a more technical advance and less dramatic more profitable coin is always there.  Besides it is the profit that these people are in bitcoin so if ever another altcoin gives them that opportunity then these people will move towards this altcoin.

I think for now its impossible that those altcoin will bitcoin can change place. since bitcoin is more useful and many merchant are accepting it unlike those altcoin with slow development.. even they are advance than in bitcoin people are still staying in bitcoin if this is more reliable to use and more convenient.
Look at other country like brazil and paris that accept bitcoin as payment..

Altcoins suffer when it comes to their position in the crypto market because they significantly lack a community willing to spend money on it in the same way that users in the Bitcoin community are willing to invest in Bitcoin. At least, that's what I'm concluding from other users' comments and looking at the market.
Bitcoin has the advantage of being first, and everything else essentially followed it by 4-6 months or longer. Merchant started to use Bitcoin, people used it to make money and buy things, so more vendors started to use it, etc.

[mining1]

@jonald_fyookball i think btc has, best case, time untill end of autumn >the end of year to scale. Beyond that, there's like 75% it will be replaced by ETH ( if eth's development continues, ofc ). There's too much adoption in other cryptocurrencies, especially ethereum, for bitcoin's hype to work anymore. "Digital gold" and "store of value" will become "silver to bitcoin's gold", a shit meme for stupid people.

More and more people are getting aware that with "1st in crypto" and lame meme's you can't hold the first spot forever.

[Carpeaux]

they are slowly creeping towards moon

kind of unavoidable, because there is nothing that do the things the cryptos do and few people use it now

[European Central Bank]

@jonald_fyookball i think btc has, best case, time untill end of autumn >the end of year to scale. Beyond that, there's like 75% it will be replaced by ETH ( if eth's development continues, ofc ). There's too much adoption in other cryptocurrencies, especially ethereum, for bitcoin's hype to work anymore. "Digital gold" and "store of value" will become "silver to bitcoin's gold", a shit meme for stupid people.

so you think i should put all of my bitcoin wealth into ethereum? that's possibly the least tempting idea i've heard all day. it looks like i'll be heading back to dollars because at least i have some trust in them.

[mining1]

No, diversify based on what you think has most profit potential. Example: some people think xrp is linked to ripple and they buy xrp. Some think ltc is silver to bitcoin gold, and invest in that. Some think etc is just a cheaper and better ethereum, and they invest in that.

That's just my opinion. Unless bitcoin change and scale or something bad happens to ethereum, the trend is pretty clear. At this pace, in 3-6 months flippening will happen. But don't get me wrong, if bitcoin crash in a panic exit, a big part of it's value might burn down, therefore delaying eth's growth since 50% of eth's trade is done in btc.

[xuan87]

@jonald_fyookball i think btc has, best case, time untill end of autumn >the end of year to scale. Beyond that, there's like 75% it will be replaced by ETH ( if eth's development continues, ofc ). There's too much adoption in other cryptocurrencies, especially ethereum, for bitcoin's hype to work anymore. "Digital gold" and "store of value" will become "silver to bitcoin's gold", a shit meme for stupid people.

More and more people are getting aware that with "1st in crypto" and lame meme's you can't hold the first spot forever.

Well to be honest I more believe in bitcoin rather than ETH and it is not that easy to ask people to switch to ETH, ETH itself ever forked and lost it's value, so I don't really can put my trust in ETH, the power of bitcoin is in the user hand , even if it scales but there are still a lot of user then bitcoin still will be number 1, the main reason why I think bitcoin still can't be replace by ETH is I still hasn't see any sign of store accepting ETh as payment, so it's mean ETh still need time to be implemented

[freebutcaged]

What you see is one of the game theories in action, first find a coin with $0.1 price and then start accumulating in 6 months slowly to avoid the price from going higher than $2 and when you got hold of %70 of total supply then start the heavy pump like pumping the price up to $5 and as well secretly advertise, then after people and specially the unsuspected and naive newbies see such an increase they will automatically start buying in because of the famous FOMO.

From there all you gotta do is to maintain the balance, which would be not dumping a lot and create a resistance wall to keep front image so well to even lure some whales and after all of that you've got yourself suddenly a $20 worth per coin and after that it's up to you if you want to dump all or just half the %70 you are holding.
That is called market manipulation and when you state such a fact you'll see smart ass people going trying to replicate the scenario and as a result you can see all kinds of shitcoins pumping together but because of the lack of the funds they fail miserably in the middle.

[DoomDumas]

Bitcoin is the king, and will stay the king..  It's a brand, the first, it's Gold 2.0
Many altcoin have a lot of utility, and may become widely used by banks, govs and corps for various type of applications, making things better for everyone.. Welcome the the Information age evolution of the humanity.

But, IMHO, Bitcoin will still be THE GOLD 2.0

[Sadlife]

lol the title is misleading the topic is not related to cryto currencies it's just an image of bitcointalk having some kind of error.
But i think altcoins nowadays are doing just fine their price value is even soaring up especially ETH, dash, Doge, i guess this is because of bitcoin scaling.

[Yakamoto]

Just like the stockmarket. It is in a bull run.

Investors buying cheap coins -> price up -> intelligence people buying -> price up -> idiots seeing price going up starts buying -> investors and intelligence people dump on the idiots -> price plummets.

Just like the stockmarket. It will become a bear run.

Wait roughly a year then repeat.

I'm actually really interested in comparing Bitcoin's current performance to other trends that we see in the fiat markets now, I'm enjoying looking for signals and observing the trends the market comes up with, and when it comes to long-term data it's a weird graph since we had 2013, followed by the nothingness of 2015, followed by the excitement end 2016 till now. Maybe some real trends will make themselves apparent sometime soon, but for now it's a guessing game.

I kind of hope we see a bear run in the future, now I just got to find some websites where I get to do a lot of shorting.

[jeraldskie11]

There are many cryptocurrencies will come. Some are scam coin and some are good coin and because there are many altcoins coming it will affect the average profit of someone because of market volume will be divided to many altcoins. The transaction also is becaming slow and I really don't why it is happening.

[maydna]

i think in this year, cryptocurrencies is become famous because there is many people is trying to get involve in cryptocurrencies world and many of them trying to join and invest with some coins. i think it will make crypto currency growth more and i hope that in future, we can see that crypto currencies can be used in many country especially in the develop country and young age will know and used crypto currencies too like what we do now. there are many benefits from crypto currencies that we still don't know and we need to learn more so we can take the benefits for us and for other people.

[arransiv]

We are experiencing the race of the cryptos,it's hard to predict when it will come to an end but for now it's on a good run,that's all I know.The rise of BTC has been fuelling this crypto bum and for me personally there is a good chance that this trend will continue for quite some time