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Author Topic: How long will cryptomania last?  (Read 2699 times)
Neoliberalism
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May 28, 2017, 05:48:28 PM
 #1

How long will this phase of cryptomarket last where it is relatively normal to make a 100% ROI monthly?

Still there are some cryptos that could possibly go 20x times... How long will we be able to ride this wave and make profits which are remarkably high? 3 years? 5? 10?
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May 28, 2017, 06:42:50 PM
 #2

It's hard to say and 3 or 5 years are very long period of time in crypto world. Now it's the time when you should catch this wave and ride on it to take profit. People who are long enough in crypto world now how fast and unexpected things can change so you should act now and not be so focused on future developments.

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May 28, 2017, 09:37:36 PM
 #3

It's hard to say and 3 or 5 years are very long period of time in crypto world. Now it's the time when you should catch this wave and ride on it to take profit. People who are long enough in crypto world now how fast and unexpected things can change so you should act now and not be so focused on future developments.
i personally have no idea about any other currency but i am sure about bitcoin that bitcoin will continue here for a long long time. bitcoin is now becoming our main currency and hope that very soon people will start using bitcoin as for fiat currency, and then there will be mo use of fiat currency n our life.
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May 28, 2017, 09:40:47 PM
 #4

Another 2 years at least, that's my guess.  I'm sure this latest breakout of mania drew in a few thousand new people into the land of crypto.  Some of them will stick around to support the price, and there are still all the hardcore old timers hanging around.  So it'll last a few more years at a minimum.  The upswings will come and go, just like they always do.  Everyone needs to be prepared for that.
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May 28, 2017, 09:56:25 PM
 #5

I think, as long as there are new coins being created.  cryptomania will last forever, changing from one coin fever to another coin fever.  And since there is always new coins everyday and some of them is here to stay for a very long time, the cryptomania will keep on going and going endlessly.


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Neoliberalism
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May 28, 2017, 11:04:01 PM
 #6

This whole thing reminds of the gold rush back in the day. Like we are buying Microsoft and Apple stocks while Jobs and Gates are still pot smoking hippies.
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May 29, 2017, 04:14:40 AM
 #7

I think, as long as there are new coins being created.  cryptomania will last forever, changing from one coin fever to another coin fever.  And since there is always new coins everyday and some of them is here to stay for a very long time, the cryptomania will keep on going and going endlessly.
Yes,cryptomania may last for a long time as new coins are being introduced continuosly.But too much scam coins coming nowadays would definitely affect the reputation of crypto market.However,Bitcoin would continue to rule the crypto market as it could not be easily manipulated.As far as bitcoin is considered,though we were not early birds,but still we should make use of the situation and buy more bitcoins to get huge returns in future.
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May 29, 2017, 04:47:46 AM
 #8

I think, as long as there are new coins being created.  cryptomania will last forever, changing from one coin fever to another coin fever.  And since there is always new coins everyday and some of them is here to stay for a very long time, the cryptomania will keep on going and going endlessly.
Yes,cryptomania may last for a long time as new coins are being introduced continuosly.But too much scam coins coming nowadays would definitely affect the reputation of crypto market.However,Bitcoin would continue to rule the crypto market as it could not be easily manipulated.As far as bitcoin is considered,though we were not early birds,but still we should make use of the situation and buy more bitcoins to get huge returns in future.
I think cryptomania will be here to stay in the future. Crytocurrencies represent a revolution in the financial system. Its too innovative and has too much potential to die out, not to mention there are several large institutions around the world that are adopting bitcoin or some other altcoin.
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June 02, 2017, 04:14:33 PM
 #9

They said the same for Stocks in the beginning. Cryptomania will stay and will get bigger and more stable in my opinion.
The more people get involved the more stable the system will get.
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June 02, 2017, 04:50:10 PM
 #10

We're talking years?!

Current market cap of cryptocurrencies:  $88,093,259,063.  Growth over 100% in the past month.

If you put it into a compound interest calculator with 1200% annual interest and compound it monthly, you'll find the crypto market cap after 1 year.

Crypto market cap after one year:  $360,829,989,122,048.  More than all the money in the world.

The lesson is, keep safe.  Set conditional sell orders or stop loss, and make sure to take profits regularly.  Don't be caught up in your greed.

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June 02, 2017, 05:25:37 PM
 #11

At least a few more years. At the moment, most people in the world probably still wouldn't know or understand what Bitcoin is. But recently companies and banks (fintech etc) have begun to take notice. There's so much money in it that I'm sure we have a while before any sort of common adoption or crash  Smiley


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June 02, 2017, 05:41:07 PM
 #12

This whole thing reminds of the gold rush back in the day. Like we are buying Microsoft and Apple stocks while Jobs and Gates are still pot smoking hippies.
Cryptocurrency is no way like microsoft or apple stocks. Both of them are just controlled by few gigs while most of the Cryptocoins are distributed to people around the globe. Also chance of market manipulation is quite low if you haven't invested in some ponzi/scam coins/tokens so I don't think all this crypto rush will end anytime soon like stock bubble we used to have in past.

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June 02, 2017, 05:44:29 PM
 #13

it does feel like something that can't be truly defined. some coins are a currency,an assets,a  hobby, a bit of fun.

i think whilst interests rates are low it will thrive but once interests rise the big money will go. it is still very unstable, 30 billion down on market cap in one day is never good.

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June 02, 2017, 06:04:29 PM
 #14

I don't think it will ever end. If it as only Bitcoin I would say 2-3 years, but there are so many cryptos and such innovation that this might continue until an even better technology comes along or we reach utopia without any currency.
Even in 5-10 years radically new cryptos can come out creating dynamic markets as it is now.
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June 02, 2017, 06:09:26 PM
 #15

How long will we be able to ride this wave and make profits which are remarkably high? 3 years? 5? 10?
As long as people are concerning about digitizing their financial needs, we can expect crypto related stuff will keep on finding booms. The high returns trend may change in to normal like how stocks and other derivative markets are working right now. Still we can be sure, cryptomania will last and will stay as an attractive investment opportunity compared to other investments.

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June 02, 2017, 06:35:33 PM
 #16

How long will this phase of cryptomarket last where it is relatively normal to make a 100% ROI monthly?

Still there are some cryptos that could possibly go 20x times... How long will we be able to ride this wave and make profits which are remarkably high? 3 years? 5? 10?
Am always concerning about how some of them got drop in just a day by those pumper. Most new crypto currencies do raise up to 1000% in just a week and most times got drop in the following week! I think in some years to come let said 3 to 5 years crypto currencies should be able to build it capitalization to the extent that it can not be control by individuals, group and even government.
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June 02, 2017, 07:58:23 PM
 #17

look back the last 2 years not much price movement, so you could say it has caught up.

but some coins are very overpriced, sia is one, btcd is high and devs moved to kmd.

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June 03, 2017, 12:22:59 AM
 #18

Cryptomania is here to stay in my opinion. It will bring about a financial revolution to the world and has so much potential in the various financial services it can provide. Technology will only continue to increase and adoption rates of cryptocurrency adoption will only continue to grow. Based on these reasons, I think cryptocurrency is a good investment.
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June 03, 2017, 12:55:03 AM
 #19

Yeah I think its here to stay. Its like the stock market that never sleeps and is pumped up on crazy drugs


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June 03, 2017, 01:05:45 AM
 #20

Things are changing rapidly in crypto world, so hard to predict how long it'll continue, as daily we see a new coin with a new concept.

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