Is Crypto/Blockchain hype over?

[Abiky]

With ever-declining prices on the crypto market since 2018, there has been a decline in the number of ICOs and the emergence of new crypto projects within the mainstream world. 2017 was believed to be the golden year of crypto and Blockchain technology as people invested massively across the market. Crypto startups, companies, and businesses have been largely successful since then. Due to the hype, we've seen many projects come up with a Blockchain solution for nearly anything in life. But the truth is that Blockchain is not needed for absolutely everything.

It's today, and there seems to be a decline in crypto interest among people in the mainstream world. The number of crypto startups and companies have been reduced too. Does this mean that the crypto/Blockchain hype is finally over? Or is it still going on?

What are your thoughts?

[adaseb]

Yes the hype is not what it used to be in 2017 and a simple Google trends analysis shows you this,

https://trends.google.com/trends/explore?date=today%205-y&q=bitcoin

Looking at the chart, when we pumped to $13.8K back in June the peak interest was only 25% of what it was in 2017. And most people I talked too who were involved in 2017 simply moved on to other things like stocks.

There are still investments being made like the Kraken futures purchase of like 8-9 figures (forgot which exactly) and there is still marketing being done by Gemini all over New York City, however its nothing like 2017 were everybody was talking about Bitcoin.

I think it would need to break the $20K mark to make the overall interest rise again. With price declining its certainly not the case anymore.

[Abiky]

Yes the hype is not what it used to be in 2017 and a simple Google trends analysis shows you this,

https://trends.google.com/trends/explore?date=today%205-y&q=bitcoin

Looking at the chart, when we pumped to $13.8K back in June the peak interest was only 25% of what it was in 2017. And most people I talked too who were involved in 2017 simply moved on to other things like stocks.

There are still investments being made like the Kraken futures purchase of like 8-9 figures (forgot which exactly) and there is still marketing being done by Gemini all over New York City, however its nothing like 2017 were everybody was talking about Bitcoin.

I think it would need to break the $20K mark to make the overall interest rise again. With price declining its certainly not the case anymore.

It seems like so. 2017 was believed to be the "Golden Year of Crypto". The fall of prices across the market within the beginning of 2018, has shown a steep decline in people's demand for crypto within the mainstream world. There are still many faithful crypto enthusiasts (like me) that hope prices will go higher within the future. But without demand for crypto, we cannot expect this to happen anytime soon. The next big step for bringing back the "Blockchain hype" would be increasing the scalability and fungibility of crypto in its entirety. Only then, people will be able to see the true benefits of crypto relative to Fiat.

Once Bitcoin gets past $20k per coin, then things would get interesting for the whole Blockchain industry. No one knows exactly when this will happen since prices are still low these days. Maybe the next halving in 2020, would have a positive effect over Bitcoin's price and the entire crypto market. As soon as people see prices increase across the market, you could expect the "Blockchain hype" to take place once more. Until then, things will be quite silent for very long time. Let's hope that more businesses, and mainstream companies adopt Blockchain technology for their own benefit in order to keep the hype going and prices rising within the crypto market. Just my opinion

[CjMapope]

Yes the hype is not what it used to be in 2017 and a simple Google trends analysis shows you this,

https://trends.google.com/trends/explore?date=today%205-y&q=bitcoin

Looking at the chart, when we pumped to $13.8K back in June the peak interest was only 25% of what it was in 2017. And most people I talked too who were involved in 2017 simply moved on to other things like stocks.

There are still investments being made like the Kraken futures purchase of like 8-9 figures (forgot which exactly) and there is still marketing being done by Gemini all over New York City, however its nothing like 2017 were everybody was talking about Bitcoin.

I think it would need to break the $20K mark to make the overall interest rise again. With price declining its certainly not the case anymore.

It seems like so. 2017 was believed to be the "Golden Year of Crypto". The fall of prices across the market within the beginning of 2018, has shown a steep decline in people's demand for crypto within the mainstream world. There are still many faithful crypto enthusiasts (like me) that hope prices will go higher within the future. But without demand for crypto, we cannot expect this to happen anytime soon. The next big step for bringing back the "Blockchain hype" would be increasing the scalability and fungibility of crypto in its entirety. Only then, people will be able to see the true benefits of crypto relative to Fiat.

Once Bitcoin gets past $20k per coin, then things would get interesting for the whole Blockchain industry. No one knows exactly when this will happen since prices are still low these days. Maybe the next halving in 2020, would have a positive effect over Bitcoin's price and the entire crypto market. As soon as people see prices increase across the market, you could expect the "Blockchain hype" to take place once more. Until then, things will be quite silent for very long time. Let's hope that more businesses, and mainstream companies adopt Blockchain technology for their own benefit in order to keep the hype going and prices rising within the crypto market. Just my opinion
 

its kinda sad really.  we had such good steam there, now its pretty quiet
crazy part is that its not that crypto is dead persay, its more alive then ever, but its become institutionalized.   price cant rise without whales taking profits and dumping it
projects are so busy with cash grabs making separate projects, everyone should have been working together instead
meanwhile the highest ACTUAL registers of crypto patents, banks, have been silently adopting the tech all the while continuing to condem it to everyday customers
what a shame really.  such potential, getting absorbed, like everything, by capitalism : /

[zeze18]

With ever-declining prices on the crypto market since 2018, there has been a decline in the number of ICOs and the emergence of new crypto projects within the mainstream world. 2017 was believed to be the golden year of crypto and Blockchain technology as people invested massively across the market. Crypto startups, companies, and businesses have been largely successful since then. Due to the hype, we've seen many projects come up with a Blockchain solution for nearly anything in life. But the truth is that Blockchain is not needed for absolutely everything.

It's today, and there seems to be a decline in crypto interest among people in the mainstream world. The number of crypto startups and companies have been reduced too. Does this mean that the crypto/Blockchain hype is finally over? Or is it still going on?

What are your thoughts?

I think it's over in 2018 and starting again in 2019, we'll just in the beginning of the current hype and i think the peak of the hype will be in next year or 2 years later. Just like in 2017 the rich people are the one who collecting cryptocurrency in years before. So if right now it's time to collecting as much as we can and will be rich when the crypto hype time.

[bgaf]

I believe the hype done probably. But its better to start with more reliable adoption than so high crypto price but manipulative and based on hype. I guess 2017 is the year that becomes fruitful for blockchain. Investors now are having sideways and the recovery for the loss investment last 2017 of course includes investors leaving the crypto market too.

[fuer44]

actually the hype has started to fall since the first time bitcoin fell after the highest increase at the end of 2017. everyone almost does not believe that bitcoin can fall by more than half the price and I think it is natural that the hype to crypto is reduced and will even begin to end if in years 2020, the crypto market will not improve.

[princecharles]

What led several persons to the cryptocurrency industry was the increasing return on investment. Most of the projects were born in 2017 to take advantage of the market situation. We are expecting a decline in activity simply because of the bearish trend. I vehemently believe that ones we have a bull run we would have another hype in activities.

[starblocks]

Cryptocurrency hype might have quietened down a bit in the mainstream media, but Blockchain and DLT have become the buzz words of the moment, especially in America, Europe, broader Asia and now China embracing the technology, this should have a positive impact on crypto once more use cases are found especially for stablecoins

[Aabcde]

Hype always comes and goes. Maybe now the hype is over but the moment will be formed again. I think with many projects popping up that are unclear or arguably scam projects that makes hype end because people's experiences are deceived which causes the argument that crypto is mlm, ponzi, fraud, and others. Even though they are wrong about the understanding of crypto itself.
I think it's also good when the hype is over, because the potential for scam projects is a little reduced because he understands that there are already many people who are aware and broad-minded. So people are careful about putting the money.

[dimonstration]

Cryptocurrency hype might have quietened down a bit in the mainstream media, but Blockchain and DLT have become the buzz words of the moment, especially in America, Europe, broader Asia and now China embracing the technology, this should have a positive impact on crypto once more use cases are found especially for stablecoins

Since many regulations restricted or put limits that makes not so popular today and since ICO are no longer popular or have bad news in terms of scamming that people were not attracted into it or try to risk since they already set their mind that it is just a scam. If there will be a popular project again that will set record how legit and effective crypto or blockchain is, they may get interest to it.

[TravelMug]

Yes, probably the hype is over, it looks like the market has been saturated with all this startups and promises of a product that can change the lives of so many people.

However, 2018-2019 was a bad year because of so many scam ICO's that put a hold on crypto investors. And now even if we have a good project along the way, it hit a road block because of the the bad image and reputation of ICO.

[the rise]

actually the hype has started to fall since the first time bitcoin fell after the highest increase at the end of 2017. everyone almost does not believe that bitcoin can fall by more than half the price and I think it is natural that the hype to crypto is reduced and will even begin to end if in years 2020, the crypto market will not improve.

the hype of the entire crypto ecosystem will always appear when the Btc bullrun movement is confirmed. It did appear in 2017, one year after Halving. after that there was a lot of panic because bitcoin did not make any significant positive steps. This also affects the tastes of altcoin investors, the quality of ico is also not able to lift the hype anymore because the market is back in the mainstream. It will likely return to the same road two years from now, but with something that has legality as an intermediary.

[Coyster]

It's today, and there seems to be a decline in crypto interest among people in the mainstream world.

People develop interest in a booming market, just like they did when the market was green two years ago, the most important thing is that it's unimportant if there is a hype or not, what's most important is crypto and blockchain growth over the years, the hype may not longer be present, but it's certain that the blockchain and bitcoin is still growing and will continue to do so.

People put so much interest into the bull run most of the time, this is what leads to a loss of interest when the market is not performing to their expectations.

[adjed]

No!. What declined was the money grabbing hype but the Cryptocurrency space is maturing and it is now moving to the development phase where better and better technology are being developed, unlike the 2017 phase where it was just all about raising funds and investors making boatloads of money if their investment turns out great so I guess it depends on your definition of Hype.

Worldwide adoption is coming and coming fast and it's development that would eventually make it happen and not the ability to make people rich because they made blind investments that didn't bite them in the posterior.

[knuckey]

Any hype is only temporary and will end, but honestly crypto and blockchain don't need that. Because what he needs is real use in each of his products that can be useful in people's lives and in this case crypto or blockchain is not yet entered and known by the whole community. Mass adoption is still very far away, the government is also unfriendly and does not support crypto or blockchain, so that only certain people know and understand this crypto or blockchain.

I still really hope that if Bitcoin goes to the moon again, then the hype will be created and that is the right moment to attract all people to participate in the crypto or blockchain industry, so that mass adoption can be achieved.

[FireBallex]

Many crypto projects will not work out because they are not needed, the most crypto use case that I can think of right now is means of payment and few others, I agree with you that blockchain tech is over hyped

[huu78]

The crypto sensation I think is still going on despite the popularity of ICO and IEO now, it has not been as famous as since 2018 and 2017 first. But the projects that appear now most are garbage and there is no future. But there are also some that succeed like the NRG that is quite a few moments when the distribution even experienced a very significant increase.

[crwth]

In general, hype doesn't last long like manufacturers, developers, and users would want to. It's always going to decline due to the interest of the masses. I agree with your view that not everything should be applied with blockchain technology, it's not an ideal situation for crypto users, but that's how the world works. Ever since the lowest of low, I think the hype has come back a little bit, and it caused the price to steady around $7000 level. But it's still in the short term. We should wait and see how it would turn out once it is happening or happened, the hype. I think it directly correlates to the price of BTC.

[Ucy]

Creativity and innovation cannot cease to exist unless they are deliberately suppressed. The good thing is that things will be harder to suppressed in a decentralized world. People will always come up with great & viable ideas. The ideas can easily get funded once they are proven to be solid and workable.
In my opinion, if decentralized communities are organized, bad projects and scams will hardly get funded. Scammers and spammers won't waste their time creating them. Good projects will be few and more visible