Why 2018 will be an amazing year for some but awful for others

[Rabblerah112]

In the early 90s, many of the early investors in internet companies sold off their stocks.  It didn't look like the internet was going anywhere,  and there were plenty of new stories disparaging it.  With the sell off,  big institutions started buying the stocks at fire sale prices.

Fast forward to 1995-96.  Scam companies became rampant and companies 100 years old were adding a .com to their name and tripling their stock price overnight.

Little by little,  those scam companies were exposed and soon the bubble burst.  But the good companies continued to balloon in spite of the collapse.

The same thing is happening in crypto.

It's 1996, and we have 1000's of currencies.... That we don't need.

It's a game of musical chairs.  We don't need 30 privacy coins.  Maybe we just need 4 or 5.

This year, we will see the beginning of shitcoins start to flounder while useful coins rocket to the sky (see my signature)

The most important thing to do if you're new to crypto is to ask these questions:

1. Does this coin solve a massive problem?
2. Is the team incredible?
3. Is there a decent following?
4. Has this coin been audited for security issues?
5. Was there a shady premine or other red flags?

Stick with these questions and DO NOT SELL your good coins.

Big banks,  corporations, even governments are beginning to jump in to crypto.

Once that wave comes,  you will be happy you held your coins.

[Tan_avia)vl.]

The society develops, the payment means also. Of course, everything new is always frightening and looks dangerous. Cryptocurrency will also come to its normal track. Of course you need time, but I think everything is delivered well.

[ManaMan]

As you started your post talking about the crush of dotcom, next was housing market and if you watch closely at around every 10years or so there is some huge correction or break down. Maybe it will be it crypto, or not, at least strongest will survive for sure and there is no doubt in that. Honestly to me what matters the most is community behind and if devs keep up with their promises. Tech can have good speculative trick to it and it could surely boost the price but it doesn't mean to be the number one.

[freetokens]

People who had purchased crypto currencies before few months at less price and holding it till some more time to see very good price , so definitely 2018 will  be great year for them to earn profits. People would have purchased bitcoin at 6000$+ before 1-2 month and now its 9000$ , so it shows decent profit and hope bitcoin will reach to 20-22k$ in few months.

[carter34]

Op has made a very encouraging and morale boosting to hodl coin more and exercise patience. Well as for 2018, I might not just succumb to the allusion of greater profit for altcoins because the year is already ending again but I sure understand that investing in altcoins now will return so many fruit in the future.

[teejayrichard2]

You are absolutely right. Soon enough most of the shitty coins will go down completely and only the strong genuine coins will be left in the crypto world. Let's just sit and watch as events unfolds

[musta5a]

In the early 90s, many of the early investors in internet companies sold off their stocks.  It didn't look like the internet was going anywhere,  and there were plenty of new stories disparaging it.  With the sell off,  big institutions started buying the stocks at fire sale prices.

Fast forward to 1995-96.  Scam companies became rampant and companies 100 years old were adding a .com to their name and tripling their stock price overnight.

Little by little,  those scam companies were exposed and soon the bubble burst.  But the good companies continued to balloon in spite of the collapse.

The same thing is happening in crypto.

It's 1996, and we have 1000's of currencies.... That we don't need.

It's a game of musical chairs.  We don't need 30 privacy coins.  Maybe we just need 4 or 5.

This year, we will see the beginning of shitcoins start to flounder while useful coins rocket to the sky (see my signature)

The most important thing to do if you're new to crypto is to ask these questions:

1. Does this coin solve a massive problem?
2. Is the team incredible?
3. Is there a decent following?
4. Has this coin been audited for security issues?
5. Was there a shady premine or other red flags?

Stick with these questions and DO NOT SELL your good coins.

Big banks,  corporations, even governments are beginning to jump in to crypto.

Once that wave comes,  you will be happy you held your coins.

very nice perspective. There surely is a similarity between crypto now and internet in early 90s, I guess only time will tell if crypto can grow as big as internet did. Let's see

[Welsh]

We'll continue seeing the influx of new coins which aren't worth anyones time just because they still make money. Although, the above points you made are a good starting point there's much more to it than just having an incredible team, good security and a good following. PR is a big thing, and that's why we are currently seeing a lot of bumping from newbie accounts.

You are absolutely right. Soon enough most of the shitty coins will go down completely and only the strong genuine coins will be left in the crypto world. Let's just sit and watch as events unfolds

I highly doubt this. At the moment even though shitty coins are ultimately failing there's still many out there which are earning a lot of money, and as we know as long as there's money to be made then we'll continue seeing these shitty coins dominate the market.

[Geemy]

Whoever buys at the beginning of the year will be a happy year for him but whoever bought since last year will be angry at this time, but I will tell him new news that it did not last very long in losses and can earn much more than before. This year we hope to do so in the near future

[mdrakibul]

Well as for 2018, I might not just succumb to the allusion of greater profit for altcoins because the year is already ending again but I sure understand that investing in altcoins now will return so many fruit in the future.Cryptocurrency will also come to its normal track. Of course you need time, but I think everything is delivered well.

[Marcogwapo]

It depends on how you handle your coins. You need to think what will be the best investment of your coins and on how you spent it in the rightway in doing such thing this will make your year end fruitful.

[deonyx]

It can't be put more clearer than this, but in life there will always be people that will agree and some to disagree that's because out thought processes are different, and so that's why for cryptocurrencies there are people that will never accept the idea until when they finally see their banks selling crypto coins then they will remember when someone had told them about cryptos but they rejected the idea. So it's important not to sell off everything one has at this time cos the better days for crypto is already nearby.

[Markettoken]

I am just a beginner but according to my analysis who is buying this year will be achieved his dream and vice versa who bought last year will drop if sold this year, I just want to give advice to hold back to sell it

[satana_igor666]

"Big banks,  corporations, even governments are beginning to jump in to crypto."  What are you talking about, some large banks are already ready to offer a service for exchanging crypto currency.

[richan]

As the dot.com brought almost all offline to join the web, so will crypto be in the next ten years. Every product and services that accept payment may one or other create its own cryptocurrency to use. But the ones that stand will depend on credibility and uniqueness.

[talkbitcoin]

i believe 2018 will be one of the worst years for everyone!

first we have all these shitcoins and all these newbies investing in all of them including the ICos that are scamming them.
then we have all these altcoins that are pumped and are now having their bubbles burst and falling down.

this situation is not only causing a lot of downtime but also is making a lot of money exit the market.

good coins? nowhere to be found. if there is an actually good coin it will sadly be buried under all these shitcoins with huge market caps.

[ambisyon]

Every person has different views and experiences with bitcoin wherein for some, bitcoin is considered a good investment where they were able to gain good profit. However, for some people, it seems to be awful and not good for them especially during times where bear market has been consistently take long time of dips. This had result for a very unpleasant loss from there investment where they were not able to hold their coins since they do panic selling and afraid that they might loss everything. In my views, 2018 will still be a great year for bitcoin and alts for this will recover soon.

[alyssa85]

It's a game of musical chairs.  We don't need 30 privacy coins.  Maybe we just need 4 or 5.

I agree with this.

But the big difference between crypto in 2018 and dot.com shares in 1996 is that crypto is unregulated. That means it is worth it for pump and dump groups to keep thousands of coins alive (the more obscure the better they are able to pump it). Whereas the pumper-dumpers couldn't do that for stocks because that type of activity is illegal.

[Bezobraznike]

In the early 90s, many of the early investors in internet companies sold off their stocks.  It didn't look like the internet was going anywhere,  and there were plenty of new stories disparaging it.  With the sell off,  big institutions started buying the stocks at fire sale prices.

Fast forward to 1995-96.  Scam companies became rampant and companies 100 years old were adding a .com to their name and tripling their stock price overnight.

Little by little,  those scam companies were exposed and soon the bubble burst.  But the good companies continued to balloon in spite of the collapse.

The same thing is happening in crypto.

It's 1996, and we have 1000's of currencies.... That we don't need.

It's a game of musical chairs.  We don't need 30 privacy coins.  Maybe we just need 4 or 5.

This year, we will see the beginning of shitcoins start to flounder while useful coins rocket to the sky (see my signature)

The most important thing to do if you're new to crypto is to ask these questions:

1. Does this coin solve a massive problem?
2. Is the team incredible?
3. Is there a decent following?
4. Has this coin been audited for security issues?
5. Was there a shady premine or other red flags?

Stick with these questions and DO NOT SELL your good coins.

Big banks,  corporations, even governments are beginning to jump in to crypto.

Once that wave comes,  you will be happy you held your coins.

very nice perspective. There surely is a similarity between crypto now and internet in early 90s, I guess only time will tell if crypto can grow as big as internet did. Let's see

   Week ago one post on Twitter said the same thing. If Bitcoin came here with just people investing where will it be
when companies start to invest heavily? I think tweet was from  John McAfee, I tried to find that post but there are
to many things. It`s not important from whom it is, or where I saw it, what is important that I see the same thing
in one week from two different sides and I see the logic in that.
   This year will be amazing for people who hold crypto-currencies and for the one`s who are buying more.

[Coin-1]

It's 1996, and we have 1000's of currencies.... That we don't need.

It's a game of musical chairs.  We don't need 30 privacy coins.  Maybe we just need 4 or 5.

Just don't invest in 30 coins. Buy 4 or 5 promising coins you want. Honestly saying, nobody knows, how many coins do we need now. This question is being solved by the crypto exchange markets in the real time.

The most important thing to do if you're new to crypto is to ask these questions:

1. Does this coin solve a massive problem?
2. Is the team incredible?
3. Is there a decent following?
4. Has this coin been audited for security issues?
5. Was there a shady premine or other red flags?

I think the pre-mine doesn't matter a lot. For example, take a look at Ethereum. 72 million coins were pre-mined in the first block of its blockchain, but in spite of that this crypto currency is highly demanded by the people conducting an ICO campaigns.