Is Crypto/Blockchain hype over?

[gabmen]

It should pick up don't worry. It was unexpected that 2017 would go the way it did. At the entire market went up a bit too high or me at an early time. So when the correction happened, it hit almost everybody hard. 2019 though was a pretty good season, especially for bitcoin which recovered to more than half of it's value when the year started. A hype like 2017 would probably not happen again, due to factors related to the 2018 plunge. But definitely it's not the end for crypto, especially for the blockchain tech. All the more, I'd say it's just the beginning.

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[BeManga]

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?

there is really a big decline in new crypto startups because of the unstoppable scam happening in token sales
many investors lose a lot of money even stupid will become smart if they experience it a lot of time

[Winscosinally]

If start up projects have reduced then it's a good because too much of everything is bad, we already have too many projects with real life use cases and we don't need much new projects now unless some areas where blockchain technology haven't expend to.

[IadixDev]

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?

For me what you call hype is what i would call a bubble, many people compared To the 2000 internet bubble, where it become the far West and everything possible, the limits of the system not being Well known, and people build huge expectations and everyone want to take their chance, and many start up Will exploit that.

I heard many times in past years that the previous period is just going to be a huge waste of time and monney, but that crypto are still going to take ground even if only a few will stay in the end.

Like there is going to be a crypto 2.0 like web 2.0, and at least we are going to see some system that will develop using blockchain and crypto in the next years, even if Its probably going to take some time.

[joinfree]

The hype to support useless and projects with no products is definitely over. Investors have learn from the numerous scams that spread through this industry in 2017. There are some projects that are still thriving in this industry despite the bear market situation that we are in. These days, investors don't buy into hype anymore but projects with good and realistic case so if you plan on initiating any project make sure it has some good value before announcing it in here.

[Landak]

I think the hype in the blockchain technology is still high (not over yet), it's just that the interest of investors in the crypto world is starting to decrease, many of them appear when the price of bitcoin is at its highest peak. after prices continue to decline and the investment world gets worse then people feel bored because they do not get profits. let's just look at next year, will there be a change in hype or will it remain the same.

[Cnut237]

The craziness of 2017 has gone, and with it the massive over-hyping of absolutely anything to do with crypto, no matter how good or bad the project.
Whilst it has meant a drop in prices, this is a good thing for the whole market. Now we can move on with better quality projects that are more sustainable, and we can build towards a stronger crypto future. As for prices, I am sure we will see new ATHs for all of the good projects, just give it time.

[ajiz138]

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

Positive impacts will occur, but not as fast as we imagine. China has indeed embraced blockchain technology for the development of the economic sector and many other sectors in China.
The crypto market is currently saturated and needs time to recover, many scam projects are making things worse.

[Lantind]

If start up projects have reduced then it's a good because too much of everything is bad, we already have too many projects with real life use cases and we don't need much new projects now unless some areas where blockchain technology haven't expend to.

It's good that bad projects have started to diminish, but right now good projects are no longer appearing, so the atmosphere in cryptocurrency today feels so empty with no emergence of new projects.

[inanilujimi]

in 2017 new investors arrive without first researching the projects that are invested which makes it easy for scams to use them.
but the hype will never end even though many who have left this market have made decent projects appear because people already understand and no longer blindly invest.

[qiwoman2]

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 : /

Yeap, the problem is whales are making so much money by shorting the market when trading on Bitfinex etc, that this is what has mainly killed the prices. I don't think Crypto is over, it's just the beginning, but I think only once we start hitting critical mass and real wide mass adoption will we see anything like 2017 again. We will need a ton of hodlers to come and start buying up everything and anything again and I don't see that happening as people are much savvier now. I now like to day trade, spot trading though, not margin trading and am still looking out for soem unicorns. I beleive that you just need to have a decent sized bag in one or two good projects that still have a potential to 50 or 100x over a two year period. You need to really be fll time in crypto to find out the latest trends and to be looking out for those winners. It's still possible to make a killing in crypto, but you need to put the hard work in it, the discipline to want to succeed and also the knowledge to get ahead. Coming in as a noob and going into a telegram group and buying a coin at ATH, is not the way to go and believe me, a lot of us here have been there and done that lol. 

[sjbi]

It seems so. I believe the people are losing their interest in cryptocurrency lately with the authorities at loss to how to deal with cryptocurrency. Fundamentally, still there is uncertainty about cryptocurrency as it is still waiting for regulation. There were hypes when bitcoin reached as high as $20000, as people invested in cryptocurrency randomly with the hope of getting riches overnight. Now the people are aware of cryptocurrency and its investment risks. 

[biddicoin]

no, it is a market cycle. look at Bitcoin history and you will understand its market cycle
Bitcoin is always pump after halving happened, and after getting ATH, then going down so long
Market cycle already happened 2 times from Bitcoin created. let's see wheter history repeats again or not

[TheUltraElite]

It's good that bad projects have started to diminish, but right now good projects are no longer appearing, so the atmosphere in cryptocurrency today feels so empty with no emergence of new projects.

Firstly how do you confirm that "bad" projects are not longer here? A project can turn "bad" anytime depending on finances, development and management. What is doing great today may not be good tomorrow, such is this market.

Secondly, the fact that 99% or even 100% of the crypto-funded projects have failed to deliver even the minimum viable product should be enough of a slowdown to the market. If you look at the stock and IPO markets, they are doing well but crypto is not even close to that. To an extent blockchain hype is still on, there is no stopping that but crypto hype is down.

[nutriagrigia]

no, it is a market cycle. look at Bitcoin history and you will understand its market cycle
Bitcoin is always pump after halving happened, and after getting ATH, then going down so long
Market cycle already happened 2 times from Bitcoin created. let's see wheter history repeats again or not

you're right. the market has always been and will remain cyclical, just the time ranges can change very much. if 3 years ago Bitcoin was in the bear market for 1 year, then in the next cycle it can be in the bear market for 3-4 years. and the same is true for the bull market.

[wajik-tempe]

no, it is a market cycle. look at Bitcoin history and you will understand its market cycle
Bitcoin is always pump after halving happened, and after getting ATH, then going down so long
Market cycle already happened 2 times from Bitcoin created. let's see wheter history repeats again or not

you're right. the market has always been and will remain cyclical, just the time ranges can change very much. if 3 years ago Bitcoin was in the bear market for 1 year, then in the next cycle it can be in the bear market for 3-4 years. and the same is true for the bull market.

There's no other things that replace bitcoin yet so i'm agree this is just a market cycle. But many countries are developing blockchain right now and i'm sure if there is a better version of bitcoin it won't be cycle anymore but people will leave bitcoin for a better coin and i'm sure it will happen in the future because the world's attention is on blockchain right now

[Codex_HTML]

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 has just begun =] A lot of shifting of money has been taking place the past 2 years not to mention massive profit taking in 2018. After some market consolidation we should see a vamp up in interest again, as if these Wall Streeters were 'pro crypto' the whole time.

[duuuuude]

In 2017 we scattered a huge Lego constructor and began to assemble it without instructions, that's how you can call it all. It is a pity that the desire to profit and be the first as always slowed down the whole process of crypto development. Learn from mistakes.

[sazonk]

I think blockchain technology will continue and is needed even though not all sectors of life need a blockchain. After 2017 all eyes of the world are on Bitcoin, until the SEC has intervened and made all crypto arrangements which can be said to be chaotic until now, all projects can be almost requested by KYC. Making crypto is no longer anonymous. And if real projects have intervened and are interested in this blockchain it feels like fighting over colonies and gold, monopolies in all sectors of the crypto world. Addressing whether the blockchain hype will continue? my answer, Yes, the blockchain trend will continue until someone can replace the blockchain or a new breakthrough that is more sophisticated than the blockchain. And I think throughout this internet life people will continue to try and innovate with blockchain.

[chaoscoinz]

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?

2017 was the simply the height of an over inflated and unregulated market that was bound to crash. The $20,000 bubble was going to pop. People were dumping their savings accounts and taking money out against their own houses in order to invest. Then came the crash, all of the band-wagoners and speculators came from afar and the volume raised as high as it did, Then pop! The price deflated and is currently still in recovery self correcting itself.