Next "dot-com bubble"?

[davis196]

Sorry, if this question is asked here before,but i feel that the cryptocurrency "industry" is pretty much like
internet companies back in 1997-2001.Too much optimism and no regulations.
2017 has been an awesome year for all the cryptocurrencies and all the ICOs and more and more people are buying tokens.What do we need for the next big crash?(This question sounds stupid,i know. )
Some big exchange platform hacked,or some major ICO failure?
I don`t want a big crash to happen,but we have to be prepared,anyway.

[alyssa85]

You are not wrong, particularly about the ICO craze. I'm pretty sure most will lose money on those, though perhaps one or two ICOs will be profitable.

[FansUnite]

You are not wrong, particularly about the ICO craze. I'm pretty sure most will lose money on those, though perhaps one or two ICOs will be profitable.

What are your guys' thoughts if someone were to say "a crash is not all that bad"?

If a crytpo-crash occurred there could be a bunch of garbage tokens getting knocked out and then the benefiical tokens can emerge. Would it not be unlike the dot-com crash? Although there was some garbage and over-valued stocks in the late 1990s, there were some of today's leading companies in there as well that emerged. Apple and Microsoft existed in the late 90s.

[HeRetiK]

You are not wrong, particularly about the ICO craze. I'm pretty sure most will lose money on those, though perhaps one or two ICOs will be profitable.

What are your guys' thoughts if someone were to say "a crash is not all that bad"?

If a crytpo-crash occurred there could be a bunch of garbage tokens getting knocked out and then the benefiical tokens can emerge. Would it not be unlike the dot-com crash? Although there was some garbage and over-valued stocks in the late 1990s, there were some of today's leading companies in there as well that emerged. Apple and Microsoft existed in the late 90s.

Some garbage and over-valued stocks in the late 1990s? Most of them! The only noteworthy survivor of the dot-com bubble itself is probably Google. Amazon and especially Apple and Microsoft already existed way before the dot-com bubble reared its ugly face.

But yes, once the ICO market corrects, crypto will be all the better for it. Just like the current exchange ecosystem rose from the ashes that were MtGox.

What it will take for ICOs to crash? Just... time. Most ICOs will fail to deliver. Of those that deliver, only few will be successful. And those few successful, will probably take much longer than many people are willing to hold.

[industria77]

Don't forget Amazon    There is no doubt the current ICO environment is like the wild west, but hype does not seem to have given way to hysteria yet: the sheer scope of the dot com bubble dwarfs what has been happening in the crypto space. If this is going to be another dot com bubble hold onto your seats because we have a long way to go.

Personally, I am encouraged every time we have micro-corrections: these hacks and instabilities keep people sober, which is important to allow the technology to mature. I am also encouraged by the extreme transparency and community-driven approach to investment – unlike the days of dot-com, the internet is facilitating awesome information-sharing between investors, hopefully preventing the most egregious scams from being profitable for those carrying them out.

There is a lot of amazing innovation coming in the crypto space: we have been working on some projects for quite a while and the current ICO environment may be the best way to speed up their development. The best part of ICOs is that in addition to investment, an ICO gives a community of initial users and immediate utility for the token / platform.

[industria77]

To give you an idea of the scale, through the dot com crash in 2000-2001, over $5T (that's *trillion*) of value was wiped off the global markets. Current market cap of all crypto combined just recently passed $150B.

However the bad habits of investing without paying attention to the soundness of the underlying fundamentals (business model, team, industry dynamics, company structure) will 100% end badly – it is in the community's interest to develop and get behind quality standards and transparency best practices for ICOs.

[CryptoBry]

You are not wrong, particularly about the ICO craze. I'm pretty sure most will lose money on those, though perhaps one or two ICOs will be profitable.

This is quite ironic, actually. Bitcoin and the blockchain technology herald a new era of decentralization away from the control of the government hands and power. Now, we find a way to make crowdfunding get so popular with the introduction of ICOs. Of course, since we are decentralized we could not expect regulations to be in place and it is also hard to establish self-regulation for that matter.

We dreamed of deregulation and decentralization yet at the same time we are crying that ICOs have to be regulated. Why? It is all about human nature. We are all greedy and we are always thinking of the money we can get. This is true with many of the ICOs we can find in the market right now. Of course, some popular ICOs are really good but many are not.

I want decentralization and less regulation but for ICOs there has to be rules we have to follow and standards need to establish. The question and this is BIG: who should supervise and approve ICOs?

[joshy23]

You are not wrong, particularly about the ICO craze. I'm pretty sure most will lose money on those, though perhaps one or two ICOs will be profitable.

What are your guys' thoughts if someone were to say "a crash is not all that bad"?

If a crytpo-crash occurred there could be a bunch of garbage tokens getting knocked out and then the benefiical tokens can emerge. Would it not be unlike the dot-com crash? Although there was some garbage and over-valued stocks in the late 1990s, there were some of today's leading companies in there as well that emerged. Apple and Microsoft existed in the late 90s.

Some garbage and over-valued stocks in the late 1990s? Most of them! The only noteworthy survivor of the dot-com bubble itself is probably Google. Amazon and especially Apple and Microsoft already existed way before the dot-com bubble reared its ugly face.

To tell you the truth I still holding a few shares of dot com remnants stash somewhere in my vault. Hah, I still remember those those, specially stock splitting, just called my broker and I can got 10K in an instant if I want to. Sadly when it burst, I wasn't able to get out because I'm working on that company. And you wouldn't believed that what the price back in 2002 is still the same as today's price. I was trap, nevertheless I ill just hold on it, nothing to lose on my end.

But yes, once the ICO market corrects, crypto will be all the better for it. Just like the current exchange ecosystem rose from the ashes that were MtGox.

What it will take for ICOs to crash? Just... time. Most ICOs will fail to deliver. Of those that deliver, only few will be successful. And those few successful, will probably take much longer than many people are willing to hold.

Only time will tell really, and I think this will be healthy I guess so that we can really filter which ICO's are worthy to invest so that the money can really be channel to the one that will be successful and not just garbage ICO's around that just scam the unsuspected.

[HeRetiK]

But yes, once the ICO market corrects, crypto will be all the better for it. Just like the current exchange ecosystem rose from the ashes that were MtGox.

What it will take for ICOs to crash? Just... time. Most ICOs will fail to deliver. Of those that deliver, only few will be successful. And those few successful, will probably take much longer than many people are willing to hold.

Only time will tell really, and I think this will be healthy I guess so that we can really filter which ICO's are worthy to invest so that the money can really be channel to the one that will be successful and not just garbage ICO's around that just scam the unsuspected.

Yes, the smart move right now regarding ICOs is most likely to wait for the dust to settle and see which companies prevails. It also has the side effect that after these 2-3 years the market will be way less hyped and have saner price levels, which means you could actually get good value for your investment and not just a pump-and-dump lottery ticket.

There may be a diamond in the rough somewhere in this pile of semi-thought-out vaporware, but I honestly don't want to waste my time shifting through meaningless whitepapers that only aim to daze potential investors with buzzwords and crypto-babble. I'll gladly let the market filter out the companies that weren't worth looking into in the first place.

[Beerwizzard]

Sorry, if this question is asked here before,but i feel that the cryptocurrency "industry" is pretty much like
internet companies back in 1997-2001.Too much optimism and no regulations.
2017 has been an awesome year for all the cryptocurrencies and all the ICOs and more and more people are buying tokens.What do we need for the next big crash?(This question sounds stupid,i know. )
Some big exchange platform hacked,or some major ICO failure?
I don`t want a big crash to happen,but we have to be prepared,anyway.

How do you think the BTC price should be regulated? The only thing that I've seen is a governmental restrictions on using cryptocurrencies. imho this can't be called a regulation. Also everyone knows that sometimes BTC makes a bubble so if for example  the price will drop to 3k USD for 1 BTC it will be nothing but a correction whitch also is not a crash.

[Dudeperfect]

Yes, there is too much optimism in the crypto industry but unlike dot com overvalued stocks there is huge scope for actual usage of Bitcoins or alt-coins and optimism is based on the same possible scope of utilization value. Bitcoin is offering a practical solution to the problem of time-consuming/costly fund transfer and developers are working to reduce fees so that it will be less costly for micro transactions. This is a fundamental characteristic of Bitcoin which makes it different from others concepts.

[audaciousbeing]

Sorry, if this question is asked here before,but i feel that the cryptocurrency "industry" is pretty much like
internet companies back in 1997-2001.Too much optimism and no regulations.
2017 has been an awesome year for all the cryptocurrencies and all the ICOs and more and more people are buying tokens.What do we need for the next big crash?(This question sounds stupid,i know. )
Some big exchange platform hacked,or some major ICO failure?
I don`t want a big crash to happen,but we have to be prepared,anyway.

Things like this are surely bound to happen whether now or in the future and there is really nothing anyone can do about it. On the issue of ICOs, a lot of people will win, while some will equally lose but what I see as an important factor here is to decide which side you want to belong to by evaluating all options correctly before decides which one to go with. In all this, a lot is bound to happen and a new future has been open unto us to decide how we all want to feature in it.

[gentlemand]

This may well be a bubble, but it's absolutely nowhere near the dotcom bubble. It'll be a footnote in history compared to that.

The dotcom bubble sucked in an army of institutional investors, funds and private individuals. At present crypto has barely sniffed a cent of the real money out there. It's still the province of outliers and weirdos despite the noise.

As for the original question, I'd say USDT's dollar backing being properly questioned, tested and failing would be the catalyst for a monster of a fall. That's underpinned Bitcoin's rise and the alt bubble and it was put together by a bunch of ramshackle blaggers with a track record of concealment.

[thejaytiesto]

The good news is, when the ICO bubble-useless altcoin bubble of tokens bursts, it's going to be great for bitcoin because all of that wealth in useless tokens is going to go back to BTC. It's not like all of a sudden everyone isn't going to invest on crypto again, it will just be more focused on actual useful tokens rather than useless speculative crap.

But I don't think we are anywhere near a legit bubble yet.

[Diablesfunis]

In term of the size, the difference is too much so i guess this is not a bubble yet. Crypto is not like the overrated stock from the dot com bubble because it really can change how things work. If crypto is going to be a bubble, then surely it is not now.

[greeklogos]

Exchangers have been hacked already and everybody know that the part of ICOs is clear scam. I suppose for big crash it is necessary to prove that some big terracts were financing with crypto-currencies. Countries with high terroristic activity will ban bitcoin immediately.

[HeRetiK]

In term of the size, the difference is too much so i guess this is not a bubble yet. Crypto is not like the overrated stock from the dot com bubble because it really can change how things work. If crypto is going to be a bubble, then surely it is not now.

Crypto in general will be fine, the ICO tokens are a different story. "It can really change how things work" is exactly what everyone else thought during the dot-com boom before the bubble burst.

Problem being, changing how things work requires 1) a problem worth solving 2) in a way that is actually viable 3) with an actual product that is more than just hypothetics and buzzwords.

Exchangers have been hacked already and everybody know that the part of ICOs is clear scam. I suppose for big crash it is necessary to prove that some big terracts were financing with crypto-currencies. Countries with high terroristic activity will ban bitcoin immediately.

Terror organizations such as the IS are still funded in fiat, not crypto. The terror acts themselves don't need much in terms of money, just willing fundamentalists.

[Hydrogen]

Blockchain/crypto/distributed networks/computing are too esoteric and specialized for there to be much of a tech bubble. At least in terms of software engineering/development. Its not like the dotcom bubble where anyone with a basic comprehension of IT could be involved and have a chance to hustle their way into the industry.

The ICO and investment areas could become oversaturated with toxic assets that could devalue the brand name of bitcoin/crypto over the long term. I don't know if that could become overvalued to where it will become a bubble. I think a lot of people have already lost faith in ethereum and many may not have much faith or confidence in ICO's. To be a true bubble they may need more demand/confidence/faith to fuel the degree to which they're overvalued.

[Josepht]

Funny thing you're mentioning this 'bubble'.

I remember talking 2 years ago with some friends of mine about bitcoin, when the price was $300, after falling from 1000+$. They told me that the 'bubble' is over, but I guess they're proven wrong.

I don't think bitcoin is over at all. It isn't even a bubble.

[Bitcoinsummoner]

Sorry, if this question is asked here before,but i feel that the cryptocurrency "industry" is pretty much like
internet companies back in 1997-2001.Too much optimism and no regulations.
2017 has been an awesome year for all the cryptocurrencies and all the ICOs and more and more people are buying tokens.What do we need for the next big crash?(This question sounds stupid,i know. )
Some big exchange platform hacked,or some major ICO failure?
I don`t want a big crash to happen,but we have to be prepared,anyway.

There is no way to know but almost 8/10 are scam coin or failure and only 2 are success and legit..
For me its not my priority to invest because you can lose a lot in ICO's better to invest in altcoin which is already in good rankings and already stay long in the market so that you can only be waste your time for waiting because the movement of the price is not the same as ICO new releases in the market..
But the risk are really safe than ICO's
I am also wanted to be always prepared but there is no way..