On evolution of prices

[deisik]

Maybe the lost in interest is true but it doesn't always become a permanent loss of interest, it is the loss of interest for now

Strictly speaking, we don't know that for certain

As what we saw in 2017 may well have been a one-time event, i.e. a lifetime opportunity to earn via cryptocurrencies (and get done with them). Indeed, the market may recover eventually but it is not very likely that the hype that you mention is going to come back, at least not in the near future (and then it will be a new hype)

Apart from that, it is not completely impossible that won't go lower as the bear trend doesn't look over at all. With that said, I agree that some could return after we get to 10k and beyond but we should first get there which seems like a daunting task on its own

[deisik]

It feels like a good time to restart this thread and reflect on the recent price action

What became evident during the last couple of months is that top altcoins started to attract more money, thereby putting Bitcoin on a low-calorie diet (if not to stay on starvation). This can be seen by trading volumes, with those of altcoins surging while Bitcoin's going down up to a point where we can see coins like Ethereum and EOS often outperforming Bitcoin in terms of trading volume (at least, that's what I see at Bitfinex)

I had written about that in the past (that we are going to see more action in altcoins in the coming months) but back in the day it was more like an assumption, while today it is a confirmed fact. The implication of all these recent developments is that we are likely going to see more volatility with Bitcoin in the near future. There are at least two reasons for this conclusion that I came up with

First of all, more money flowing into altcoins means less money flowing into Bitcoin (as there's only so much money in the market, give or take), the result being that there is less liquidity in Bitcoin making it more susceptible to severe price swings. Then, there is also a positive feedback loop via which price action in altcoins also causes some price action in Bitcoin. Most of the time it works in the reverse order but now the direction has changed

If you agree (or disagree, for that matter) with this outlook, share your thoughts below