Nnedaddy1 (OP)
Copper Member
Jr. Member
Offline
Activity: 294
Merit: 1
|
|
January 24, 2019, 11:08:22 AM |
|
Considering the market surge of 2017 and the bearish market of 2018. What is the implications of the 2018 bearish market on the Cryptocurrency market ? Did the situation increased or decreased adoption rate of Cryptocurrency?
|
|
|
|
MarcusGates
Jr. Member
Offline
Activity: 43
Merit: 2
|
|
January 24, 2019, 03:30:39 PM |
|
Expect capitulation for BTC down to $2000-1800 in February.
Thats where I think the bottom is
|
|
|
|
Alexlax
Newbie
Offline
Activity: 33
Merit: 0
|
|
January 24, 2019, 03:48:51 PM |
|
If, judging only by the current Bitcoin exchange rate chart, then it may be possible to break the bottom. But if we take into account the human factor, then there is a good chance of raising the price.
|
|
|
|
avikz
Legendary
Offline
Activity: 3262
Merit: 1531
|
|
January 24, 2019, 04:07:21 PM |
|
Considering the market surge of 2017 and the bearish market of 2018. What is the implications of the 2018 bearish market on the Cryptocurrency market ? Did the situation increased or decreased adoption rate of Cryptocurrency?
Adoption rate doesn't have a whole lot of dependency on the price of the bitcoin, rather it is mostly dependent on the local government policy. So looking at the bearish or bullish market it is impossible to guess the adoption rate of cryptos. Even if bitcoin's price increased to 20k again in 2019, the adoption may not increase in some particular geographies if their local governments is negative about it. On the other hand, you can see a lot of adoption ongoing even in stagnant market if the local government has a favorable policy about it. So your question is unrelated. Adoption that increases with price increase, is besically the adoption by the speculators and doesn't have a long term effect.
|
|
|
|
MTVuser07
Newbie
Offline
Activity: 33
Merit: 0
|
|
January 24, 2019, 04:47:32 PM |
|
How does the course of cryptocurrency related to their adoption? You have a strange logic. The adoption of cryptocurrency depends on the government and their relationship to it. Well, as well as the degree of usability in life.
|
|
|
|
dothebeats
Legendary
Offline
Activity: 3766
Merit: 1354
|
|
January 24, 2019, 05:37:54 PM |
|
Price doesn't dictate the adoption rate cryptocurrencies take, as we can see that there are still lots of services eyeing to go and penetrate the market despite the lousy market conditions. Also, price alone isn't the basis of a crypto's success, as there are pump and dump coins reaching insane heights with no real-world value whatsoever. It will take some time before we see some life in the markets as institutional investors are out there in the sidelines waiting for the right moment to enter the market.
|
|
|
|
Matthewmorris4
Member
Offline
Activity: 350
Merit: 10
BitbondSTO.com | Germany’s First STO | Earn Stable
|
|
January 24, 2019, 05:43:04 PM |
|
Considering the market surge of 2017 and the bearish market of 2018. What is the implications of the 2018 bearish market on the Cryptocurrency market ? Did the situation increased or decreased adoption rate of Cryptocurrency?
The adoption rate that we have seen so far from the previous year has always increased dramatically, but only in certain sectors that usually have an easy relationship with the internet, unfortunately this is inversely proportional to the market condition which continued to decline from last year
|
|
|
|
South Park
|
|
January 24, 2019, 05:47:31 PM |
|
Considering the market surge of 2017 and the bearish market of 2018. What is the implications of the 2018 bearish market on the Cryptocurrency market ? Did the situation increased or decreased adoption rate of Cryptocurrency?
While the price does not necessarily measure the adoption of bitcoin I cannot imagine a better way in which we could do that in bitcoin taking into account its pseudonymous nature, and with that in mind then the adoption has gone down, many speculators got out of the market and many investors interested in the technology have delayed their plans to adopt it or have cancelled those plans, so adoption has been deeply affected and it will remain the case for the short term until the price of bitcoin begins to show a recovery.
|
|
|
|
Upgrade00
Legendary
Offline
Activity: 2212
Merit: 2368
Playgram - The Telegram Casino
|
|
January 24, 2019, 07:01:27 PM |
|
Did the situation increased or decreased adoption rate of Cryptocurrency?
There is no thorough method with which to check increase or decrease in adoption. It is still being accepted by a few merchants, and bitcoin ATMs are expanding, but actual investors can not be aggregated.
|
|
|
|
▄▄███████▄▄███████ ▄███████████████▄▄▄▄▄ ▄████████████████████▀░ ▄█████████████████████▄░ ▄█████████▀▀████████████▄ ██████████████▀▀█████████ █████████████████████████ ██████████████▄▄█████████ ▀█████████▄▄████████████▀ ▀█████████████████████▀░ ▀████████████████████▄░ ▀███████████████▀▀▀▀▀ ▀▀███████▀▀███████ | ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ Playgram.io ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | ▄▄▄░░ ▀▄ █ █ █ █ █ █ █ ▄▀ ▀▀▀░░
| │ | ▄▄▄███████▄▄▄ ▄▄███████████████▄▄ ▄███████████████████▄ ▄██████████████▀▀█████▄ ▄██████████▀▀███▄██▐████▄ ██████▀▀████▄▄▀▀█████████ ████▄▄███▄██▀█████▐██████ ██████████▀██████████████ ▀███████▌▐██▄████▐██████▀ ▀███████▄▄███▄████████▀ ▀███████████████████▀ ▀▀███████████████▀▀ ▀▀▀███████▀▀▀ | | │ | ██████▄▄███████▄▄████████ ███▄███████████████▄░░▀█▀ ███████████░█████████░░█ ░█████▀██▄▄░▄▄██▀█████░█ █████▄░▄███▄███▄░▄██████ ████████████████████████ ████████████████████████ ██░▄▄▄░██░▄▄▄░██░▄▄▄░███ ██░░░█░██░░░█░██░░░█░████ ██░░█░░██░░█░░██░░█░░████ ██▄▄▄▄▄██▄▄▄▄▄██▄▄▄▄▄████ ███████████████████████ ███████████████████████ | | │ | ► | |
[/
|
|
|
deisik
Legendary
Offline
Activity: 3542
Merit: 1280
English ⬄ Russian Translation Services
|
|
January 24, 2019, 10:00:00 PM |
|
Considering the market surge of 2017 and the bearish market of 2018. What is the implications of the 2018 bearish market on the Cryptocurrency market ? Did the situation increased or decreased adoption rate of Cryptocurrency?
Regarding your last question, it is hard to say On the one hand, falling prices make people less confident in the future of cryptocurrencies, so it can be said that the bear market has negative influence on adoption. On the other hand, though, if we assume that it was speculative value that got trimmed, it can be said that more bitcoins become available for real use at lower prices. It seems counterintuitive but for a currency a lower price may actually have a positive effect ("a blessing in disguise") For example, Dogecoin is cheap as dirt but it is likely one of the most stable altcoins out there. How come? Because its real use is outstanding. It is not good for speculation, which pretty much means its price reflects its real value. But real value is what gives a coin price stability
|
|
|
|
exstasie
Legendary
Offline
Activity: 1806
Merit: 1521
|
|
January 24, 2019, 10:15:49 PM |
|
Considering the market surge of 2017 and the bearish market of 2018. What is the implications of the 2018 bearish market on the Cryptocurrency market ? Did the situation increased or decreased adoption rate of Cryptocurrency?
The price in December 2017 was heavily based on speculation about future adoption. The way I see it, all bubble periods are more indicative of speculation than adoption. Speculation causes price to rise way beyond fundamental usage. During the bear markets, speculators get shaken out of the market and price reverts to the mean, which is probably closer to a value based on "real adoption." By some metrics, the number of crypto users appears to have doubled in 2018 in spite of the crash. So I think that's indicative of the dynamic I'm talking about.
|
|
|
|
boyptc
|
|
January 24, 2019, 11:11:10 PM |
|
The adoption rate increased but the people keep on crying due to their basis is only the price of bitcoin and other altcoins. This bearish market gives a lot of opportunity mostly to the institutional money to get in.
Crypto market is getting tons of attention from these big players. They're looking a way to save their money and grow in due time.
|
|
|
|
deisik
Legendary
Offline
Activity: 3542
Merit: 1280
English ⬄ Russian Translation Services
|
|
January 25, 2019, 05:27:09 AM |
|
Considering the market surge of 2017 and the bearish market of 2018. What is the implications of the 2018 bearish market on the Cryptocurrency market ? Did the situation increased or decreased adoption rate of Cryptocurrency?
The price in December 2017 was heavily based on speculation about future adoption If you want my opinion, I don't think so It was just all wild speculation, the epitome of buying low and selling high. No one was actually thinking about future too much at all as long as prices had been surging (let alone about future adoption). Really, if the price had been rising for a few months so much (starting in August), it was basically easy money. So if anyone actually thought anything about future adoption, such growth would likely make them question the feasibility of this adoption During the bear markets, speculators get shaken out of the market and price reverts to the mean
Just an aside, there is no "mean" to regress to with speculative markets as it is not a normal distribution to give the "mean" any meaningful meaning (pardon the pun). The price is more like a random walk, statistically speaking
|
|
|
|
repear7
Full Member
Offline
Activity: 1026
Merit: 110
Need Bounty manager ? Contact @repear71
|
|
January 25, 2019, 09:16:18 AM |
|
The fact is that many investors lose their funds due to bearish conditions in the criptocurrency market. For some people to exit this situation is a reasonable choice, but I see the spirit of increasing the rate of adoption of criptocurrency quite positively in the future even though the price of bitcoin has decreased. linking market conditions and crypto adoption is superficial thinking
|
|
|
|
FatBen
Jr. Member
Offline
Activity: 34
Merit: 18
|
|
January 25, 2019, 10:46:44 AM |
|
Expect capitulation for BTC down to $2000-1800 in February.
Thats where I think the bottom is
You are rather being off topic. this is not the answer according to the question in the OP Considering the market surge of 2017 and the bearish market of 2018. What is the implications of the 2018 bearish market on the Cryptocurrency market ? Did the situation increased or decreased adoption rate of Cryptocurrency?
Ofcourse it did decrease the rate of adoption compared to 2017 but lets not forget that the believers in bitcoin will continue coming in. it's all that matters
|
|
|
|
Naida_BR
Member
Offline
Activity: 980
Merit: 62
|
|
January 25, 2019, 10:58:40 AM |
|
Considering the market surge of 2017 and the bearish market of 2018. What is the implications of the 2018 bearish market on the Cryptocurrency market ? Did the situation increased or decreased adoption rate of Cryptocurrency?
In early 2018 we had reached a big amount of Altcoins in the market. I think that this wasn't necessary and it was bad for the market. Hopefully, after the bear market, the altcoins that are not needed are "vanished". I believe that the bear market was a must for the market and it had no impact on the adoption rate of cryptocurrency. Instead, it has made the community and the projects more solid for the future.
|
|
|
|
umbara ardian
Sr. Member
Offline
Activity: 1358
Merit: 259
PredX - AI-Powered Prediction Market
|
|
January 25, 2019, 11:24:03 AM |
|
the situation and condition of cryptocurrency is decreasing, now there are not too many cryptocurrency enthusiasts because the popularity of bitcoin is getting weaker due to the influence of the fall in the price of bitcoin and making the price of cryptocurrency weakening and many will hate bitcoin.
|
|
|
|
bitgolden
Legendary
Offline
Activity: 2982
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
|
|
January 25, 2019, 03:57:11 PM |
|
Considering the market surge of 2017 and the bearish market of 2018. What is the implications of the 2018 bearish market on the Cryptocurrency market ? Did the situation increased or decreased adoption rate of Cryptocurrency?
The adoption increased by a lot. There have been about 10 billion dollars invested into crypto space over the course of 2018, that is 10 billion dollars that wasn't invested into another market. That means not only ICO but also companies of bitcoin/crypto related fields got paid as well. Last time bitcoin went high it was unsustainable because there was both very few places that you can spend your money on plus it was not possible because there wasn't too many places that you can buy and sell bitcoin at the level we have right now. In 2019 we will have the luxury to having more places to spend our money plus more places that we can trust with our crypto as well. Another spike to over 20 thousand dollars will not be dropping as fast as it did because this time the price is more sustainable than ever and even if it drops it will not drop this much again.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
yunzau
Newbie
Offline
Activity: 119
Merit: 0
|
|
January 25, 2019, 04:30:05 PM |
|
many factors are causes such as hardfork on coins, traders' speculative pressures, false news, imbalances in supply and demand.
|
|
|
|
BrewMaster
Legendary
Offline
Activity: 2114
Merit: 1293
There is trouble abrewing
|
|
January 25, 2019, 04:51:01 PM |
|
the only thing that the altcoin pump and dump of 2017-2018 did was to help a large number of newcomers become familiar with the altcoin market and know that not everything that they hear in the advertisements of shitcoins is truth. they are always exaggerated to get them to invest their hard earned money into these tokens.
|
There is a FOMO brewing...
|
|
|
|