What if cryptocurrency

[CryptoTalk365]

I have been thinking if cryptocurrency projects should come back as it was in the early 2016 to 2017 as many of us came into cryptocurrency industry the time it has been made visible to many people, because that early 2016 a lot of people don't really have the knowledge and how it works that time, what do you think that will happen if those days should come back in the crypto phase?

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[Nalbo]

Those were the days of hype. Though no one can guarantee that won't come back but it would not be as effective as the last one. People blindly jumped into any ICO or coin and it rose crazy bringing them instant profit. It was more like a ponzi bubble and when it burst, the prices came to the reality. For some coins, that were zero.
That sort of growth is not much beneficial to the development and adoption of crypto. That burst has plunged the prices to depression for more than 3 years now.

[KaratX]

I have been thinking if cryptocurrency projects should come back as it was in the early 2016 to 2017 as many of us came into cryptocurrency industry the time it has been made visible to many people, because that early 2016 a lot of people don't really have the knowledge and how it works that time, what do you think that will happen if those days should come back in the crypto phase?

Honestly I hope those days will make a comeback, 2017 was the best year so far but thanks to ICO, that's what made 2017 a possible year for bullrun and altcoin season, it will be hard to see such again but still possible, crypto is full of amusements, let's just hope for the best

[Review Master]

That's the early stage of new ICO and many projects were showed their good performance and some of them were disappear after the 2018's altcoin bull run. In 2019, community fill with scam projects and many investors as well as newbies lost their funds and got rekt. Now, there are also some scam projects, but thanks to all scam busters for their great works. If we want back the golden time of Crypto/ICO/Bounty, we must be more educated about crypto and new users must be aware of the shit projects. Thus, we might be able to see some major events/bull run in crypto.

[traderethereum]

No way.
If that happens, I don't think that the cryptocurrency projects can grow and better than what we saw in that year.
Everything that we did in the past will give something to us, and the process can not be the same as the past because that thing will grow to better or worst.
Related to the cryptocurrency, people see the cryptocurrency now is developing.
It shows with the many new projects, including Defi, which is new to most people.
We will see another new thing in the future or at least, in the next year or 2 years from now.
We don't have to come back to that phase because crypto will evolve to better.

[Jating]

I have been thinking if cryptocurrency projects should come back as it was in the early 2016 to 2017 as many of us came into cryptocurrency industry the time it has been made visible to many people, because that early 2016 a lot of people don't really have the knowledge and how it works that time, what do you think that will happen if those days should come back in the crypto phase?

As much as we love to see crypto coming back similar to the huge hype around 2017 culminating to a new all time high for most of the coins, I don't think we can relived that glory days.

(1) Investors now have matured already, they don't just pour their money to a project without doing any proper research
(2) There are still scam projects, legit projects are affected by the stigma
(3) Projects now doesn't offer anything new, it's just a copy cat of previous projects
(4) Hacks are all over, if you don't know how to protect your assets then you won't gonna stay long in this game

That's some of the factors that I think will not bring back the hype around 2017. And if will take some time before we can see a altcoin bull run. Everything is different now.

[covfefe_]

(1) Investors now have matured already, they don't just pour their money to a project without doing any proper research

The tiktok hype on dogechain makes me rethink. It's also mostly due to a lot of people are still out of crypto and not everyone enter the market on their own will and with their own research. As there are more people who are still naive to crypto and the market, there would be a lot of scams to come. And there could even be more of such bullish pump in the future.

 

[NS-Soul]

I have been thinking if cryptocurrency projects should come back as it was in the early 2016 to 2017 as many of us came into cryptocurrency industry the time it has been made visible to many people, because that early 2016 a lot of people don't really have the knowledge and how it works that time, what do you think that will happen if those days should come back in the crypto phase?

We are all want the comeback of cryptocurrency but we cannot tell what will happen on the next years so we are positively waiting on it and we are all know that the cryptocurrency is always do sky rocket on not expected day or month just always trust the process.

[bhadz]

It won't come back. Don't think that it's possible because it's never going to happen. People are so full about projects like ICOs and everyone has been well-informed today. But giving the idea of the situation and what if it comes back, let's answer.

what do you think that will happen if those days should come back in the crypto phase?

Investors will try to avoid it, the hype for ICOs is gone and they will invest wisely this time. If it's not Ethereum or other good altcoins, they will mainly invest to bitcoin.

[Vishnu.Reang]

I have been thinking if cryptocurrency projects should come back as it was in the early 2016 to 2017 as many of us came into cryptocurrency industry the time it has been made visible to many people, because that early 2016 a lot of people don't really have the knowledge and how it works that time, what do you think that will happen if those days should come back in the crypto phase?

The spike occurred in 2017 and not in 2016. And those days are never going to come back, for a variety of reasons. A lot of people lost their money after investing in scam projects. Even good projects went down by a lot after the ATH in 2017, resulting in several new investors losing their capital. The best example is that of Cardano, which went down by as much as 99%. The reputation of cryptocurrency received a major hit during 2018/19 and it will take a lot of effort to restore it.

[Iyeman]

I have been thinking if cryptocurrency projects should come back as it was in the early 2016 to 2017 as many of us came into cryptocurrency industry the time it has been made visible to many people, because that early 2016 a lot of people don't really have the knowledge and how it works that time, what do you think that will happen if those days should come back in the crypto phase?

Can we talk what will never happen again? Dude' that time has already passed and we are still on the way to the future. i thought that you can even answer your own question too.
That day has already gone and it's the history of crypto.

[filterMX]

I have been thinking if cryptocurrency projects should come back as it was in the early 2016 to 2017 as many of us came into cryptocurrency industry the time it has been made visible to many people, because that early 2016 a lot of people don't really have the knowledge and how it works that time, what do you think that will happen if those days should come back in the crypto phase?

if indeed those days come back surely there will be lots of people who buy up as much bitcoin and altcoin, but unfortunately that will never happen again

[LogitechMouse]

I have been thinking if cryptocurrency projects should come back as it was in the early 2016 to 2017 as many of us came into cryptocurrency industry the time it has been made visible to many people, because that early 2016 a lot of people don't really have the knowledge and how it works that time, what do you think that will happen if those days should come back in the crypto phase?

I agree that people don't have really knowledge at that time and that year is just pure hype and nothing more.

Yes we are in 2020 right now and many knows about cryptocurrency already and that includes the scammers. I don't think it will come back TBH because you already said that people at that time aren't that knowledgeable with regards to crypto and they are just investing in any new projects. Many projects at that time didn't scam people yes but some are totally worthless this time.

I don't see any reason or ways for that hype will come back again this year .

[masterrex]

If that time will come back like those 2016-2017 history events and it will happen today, I'm sure many will become a millionaire because many people already know what to do, but that was only fictional because even in my wildest dream I never expected that particular event in the history of the crypto industry to happen again, the cryptocurrency market continues to grow in number and size but only in the minimal pace.

[Sanugarid]

I think we don't need it anymore, I've witnessed how it went, how it crashed rather in 2018, it all turns out to be  quick scheme business for most of the team handling the projects. I also hope that the time would come back, but the people now are more wary of things happening in the crypto side, there will be less investors who will invest on project that is not hype or not belong to a worthy team, no more experiments in short. Trading now is more open in variety of forms compare to investment, so there is more chance in trading than investing in my opinion.

[bitgolden]

Well, the difference between 2016 and 2017 alone is huge. In 2016 bitcoin was something under $1k, it was around 600-700 dollar range, even lower at times, in 2017 there was low times as well, until summer I remember it was around 900 dollars in April or so, yet in December it was $20k, that is over 20x increase in just one year.

So, as you can see in order to go back to those times, we have to first realize what those times were. Sure, there were moments when it was $20k and awesome and everyone loved, but you have to realize that it was also not always like that and there was very few of us, much lower number than right now and the price was tiny compared to what it is today, around 10% of what it is today. So yes, I would like to go back to 20k times, but not to other parts of those years.

[0verseer]

I kinda agree with your point. The bubble time around 2017 really wild and chaotic back then. Lot of naive people who didn't understand a thing about cryptos but still invest in it because media and everyone were talking about crypto like it was the next big thing. FOMO is strong at everywhere. Lot of scams and shit coins happened too and those dirty money flow back to legit cryptos that stood at today. Really are something that I doubt would come back again at this age.

[Wysi]

No, those days were remarkable which gave limelight to Bitcoin and crypto in general but at the same time there were so many newbies entered the crypto market by assuming it as get rich quick ponzi and some of them were lucky who cashed out before the market fell and rest lost their investment and ended up with hardly 20% to 30% of what they had initially invested. This phase was worst for crypto as the market of cream crowd was disturbed because prior to that we used to discuss about further development and new technologies which will make our lives easier but now whole forum is filled with memeber who are into bothered about quick money, the last bullrun created influx of people with no knowledge.

[Iyanu14]

I have been thinking if cryptocurrency projects should come back as it was in the early 2016 to 2017 as many of us came into cryptocurrency industry the time it has been made visible to many people, because that early 2016 a lot of people don't really have the knowledge and how it works that time, what do you think that will happen if those days should come back in the crypto phase?

I think the repeat of late 2016/2017 will be everyone's expectations.  Those were the periods of great happenings in the crypto space.  Even projects with some stupid ideas so to say then, get listed and people invested in them.  Definitely nothing is impossible, but a repeat of those time will be some how hard to come by.

[judaspriest]

I have been thinking if cryptocurrency projects should come back as it was in the early 2016 to 2017 as many of us came into cryptocurrency industry the time it has been made visible to many people, because that early 2016 a lot of people don't really have the knowledge and how it works that time, what do you think that will happen if those days should come back in the crypto phase?

2016 - 2017 is the year of the HYPE crypto currency. but the Hype is not 100%, why? because crypto currency users and mass adoption are still small, different from now, everything looks big, if HYPE comes, I'm sure the price of BTC will be more than $ 20000