Was 2017 the "Golden Year of Crypto"?

[Abiky]

2017 began as a bullish year for Bitcoin and other cryptocurrencies on the market. I remember when BTC went from $1k to almost $20k in just 2017 alone. That's a massive price increase never before seen in the history of crypto. During that time, new projects started to rise with ambitions to make our world a better place. ICOs where a big hit, followed by Bitcoin-based forks like Bitcoin Cash and Bitcoin Gold. Many who invested prior to the bull market of 2017, have made exponential gains in a short amount of time. It was crypto's best moment as it went into the mainstream so quickly.

Once 2018 started, prices for major cryptocurrencies went all the way down the drain. Governments imposed heavy-handed regulations against ICOs, reducing the demand for ETH and its tokens on the market. At the same time, some countries banned crypto from being used by their citizens. Many negative events happened in 2018, which stifled crypto's growth in the mainstream world. Then came 2019 that was almost the same as 2018, and now it's 2020 where people are starting to buy crypto once more because of the negative effects of COVID-19 on the mainstream economy. Yet, Bitcoin and other cryptocurrencies are still behind their latest ATH  (All-Time-High) in price. With BTC's Third Halving , prices should've been within the $15k range by now. Still, crypto is not the same as it used to be back in 2017.

Do you think that 2017 was the "Golden Year of Crypto"? Or is the best is yet to come? Your input will be greatly appreciated.

[tvplus006]

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Do you think that 2017 was the "Golden Year of Crypto"? Or is the best is yet to come? Your input will be greatly appreciated.

We can't say that 2017 is the "Golden Year of Crypto", as we are at the very beginning of the development of crypto. I am sure that there will be many more surprises in the future, which will be associated not only with the price of BTC. but also the appearance of new altcoins that will attract attention.

[PhilEilhart]

Along side its recently discovered reputation, Bitcoin and cryptocurrencies moreover got a celebrity stamp of endorsement in 2017. Boxing whiz Floyd Mayweather snatched features on various events, as he ventured in to advance a number of ICOs utilizing the Ethereum Blockchain. Football mammoth Leo Messi moreover joined the shred in an underwriting bargain with Sirin Labs, which makes equipment to bolster Blockchain technology. The list truly goes on and there are a few astounding names here. Best of the list is rapper Snoop Dogg, nearby on-screen characters Gwyneth Paltrow and Ashton Kutcher.

[dhemasm]

For Now and So far, That years was the best year for Crypto and of Course my life too, Many things happens on that year and basically it changes everything especially with Blockchain technology implementation on some sector, Bitcoin was reaching ATH on that year too, Not only that Ethereum with over $1000 (My Favorite!). Well let's happen there will be happen other Golden Crypto Years to surpass that year.

[r32godzilla]

It was the most profitable year because it was so easy to gain a thousand percent profit with almost every ICO or altcoin. Now, there are profits, but it is really hard to predict which coin will explode to the moon. Currently, we no longer see such increases on DeFi coins.

[akram143]

Q4 of 2017 and Q1 of 2018 is the most golden period for everyone related to cryptos even bounty hunters made thousands to millions by doing simple tasks even when they have not much knowledge related to cryptos.

[BitcoinHunt3r]

2016-2017 maybe good time, actually i don't know what dev aim at that time. But there are a lot of good project that really concern in listing market, and although maybe not all survived for longer time, but both bounty hunters and investors can get their profit in it. Different with some project next that come which dev only think about list market without develop their project, so the coin/tokens dead in market.

[XCANA]

It was the most profitable year because it was so easy to gain a thousand percent profit with almost every ICO or altcoin. Now, there are profits, but it is really hard to predict which coin will explode to the moon. Currently, we no longer see such increases on DeFi coins.

Don't forget that, during the 2017 in the eyes of ICO things where good because of their new invention compared to this 2020 with the event of Defi, this two event has actually helped in the beginning to a new era in the cryptocurrency industry. What happened in 2017 has taught us a big lesson that we won't take this 2020. The hype of 2017 did more harm than we thought and investors are just be careful with the 2020 hypes.

[laredo7mm]

That is just the beginning of crypto evolution. Now we have seen a lot of projects that have a uniqueness which makes them valuable. We can call 2020 is a golden year of crypto. We have seen mass adoption of the DeFi and coin market cap increase significantly. Now there are other projects that also matter to investors beside BTC. I do not think this DeFi hype anything like the  ICO hype of 2017.

[nelson4lov]

In my opinion,  I think the best is yet to come for Bitcoin and the whole of crypto. The 2017 bull run was never meant to be sustainable and it wasn't healthy for a market to keep growing without retracing or correcting. As much as we want the market to behave that way, It can't be, unfortunately.  I remember it was fueled by the aftermath of bitcoin's halving, ICOs, limited real world use cases and we also had a lot of speculators than actual crypto users who were only interested in how high Bitcoin went in the shortest time possible.

Right now, We haven't had an epic run like that of 2017 but I'm impressed with how far we have come. So far so good, there are more "actual" users and crypto is getting adopted with each passing day from merchants & stores, to companies making use of crypto as their primary payment method to using crypto for everyday activities like paying for a cup of coffee thanks to the crypto debit cards and Bitcoin ATMs available in different parts of the world.

We'll have another chance and this time, we'll go beyond a $1 trillion marketcap.

[TimeTeller]

In my opinion,  I think the best is yet to come for Bitcoin and the whole of crypto. The 2017 bull run was never meant to be sustainable and it wasn't healthy for a market to keep growing without retracing or correcting. As much as we want the market to behave that way, It can't be, unfortunately.  I remember it was fueled by the aftermath of bitcoin's halving, ICOs, limited real world use cases and we also had a lot of speculators than actual crypto users who were only interested in how high Bitcoin went in the shortest time possible.

Right now, We haven't had an epic run like that of 2017 but I'm impressed with how far we have come. So far so good, there are more "actual" users and crypto is getting adopted with each passing day from merchants & stores, to companies making use of crypto as their primary payment method to using crypto for everyday activities like paying for a cup of coffee thanks to the crypto debit cards and Bitcoin ATMs available in different parts of the world.

We'll have another chance and this time, we'll go beyond a $1 trillion marketcap.

Same here. I believe the best is yet to come.
Though 2017 was a good year, but that year taught us so many lessons when it comes to investments and blockchain projects.
As the adoption is still growing, we can say that we really have come far in this journey.
Start worrying if no more users are interested to explore their opportunities in crypto.
But here we are, experiencing the golden times of defi, and what's next?

[OcTradism]

2017 began as a bullish year for Bitcoin and other cryptocurrencies on the market. I remember when BTC went from $1k to almost $20k in just 2017 alone. That's a massive price increase never before seen in the history of crypto.

Before talking about the golden year, 2017 (just call it as a golden year for now, in this thread, and it could be wrong to call it like that). Let's talk about one year before 2017, the year 2016. 2016 plays its role as a warming-up year for crypto market that help the market skyrocketed in 2017.

Why do I would prefer to mention about 2016? Yes, we have been being in 2020 and I think its role as same as 2016. It is obviously that I am expecting to see the year 2021 as nearly same as 2017.

During that time, new projects started to rise with ambitions to make our world a better place. ICOs where a big hit, followed by Bitcoin-based forks like Bitcoin Cash and Bitcoin Gold. Many who invested prior to the bull market of 2017, have made exponential gains in a short amount of time. It was crypto's best moment as it went into the mainstream so quickly.

It is exactly what we have been witnessing now, isn't it? The DeFi trend wakes up many dead projects. They swapped from dead algorithms to ERC20 and other lively chains, just to join the DeFi party. Newborn projects are created every day. It is a scam wave.

Despite of such facts from the scam wave, from greedy scammers, I see positive things from 2020, as a preparation for a better market in 2021.

[hugeblack]

The price has risen in the years 2011 and 2013 to levels higher than doubling 20 times, so we cannot say that 2017 is the golden year.
Because the price has reached its highest peak does not mean that the matter will repeat, but all conditions are ready for this to happen, especially after the repercussions of covid19.
If we are talking about investment, it is wrong to base investment analyzes on data from the past and to wait, hoping that the price will rise.

[TravelMug]

Do you think that 2017 was the "Golden Year of Crypto"? Or is the best is yet to come? Your input will be greatly appreciated.

How can we say that we have the golden year when the market is still very young. I would say that it was a time though that somewhat put crypto into mainstream media, and I think the best is yet to come.

There could be new projects that can sweep under and become the next gold standard. Or crypto really taking off be adopted from Africa to Asia.

2017 began as a bullish year for Bitcoin and other cryptocurrencies on the market. I remember when BTC went from $1k to almost $20k in just 2017 alone. That's a massive price increase never before seen in the history of crypto. During that time, new projects started to rise with ambitions to make our world a better place. ICOs where a big hit, followed by Bitcoin-based forks like Bitcoin Cash and Bitcoin Gold. Many who invested prior to the bull market of 2017, have made exponential gains in a short amount of time. It was crypto's best moment as it went into the mainstream so quickly.

In terms of gains we might be hitting x2 or even more of the current all time high. So it will be another best moments for us. I think if we are going to see the "Golden Year', it could be some nations started to realised it adopted it just like what Japan or Australia did. Or maybe bitcoin becomes the new monetary currency globally.

[maydna]

Yes, I think 2017 was the golden year of crypto. After all, we saw that many coins could increase so high, especially bitcoin, at least temporarily because we don't know if there will be another golden year for crypto. But that was the biggest jump for bitcoin to touch that price because we never imagine seeing bitcoin can touch almost $20k.

I am sure that there will be another golden year of crypto, and it will happen in the future, but we need to be patient. We will see the next golden year soon because bitcoin has the opportunity to touch the new ATH in the next coming bull run.

[inanilujimi]

Until now 2017 remains the best, almost all ICOs in that year get the highest sales target before the ICO ends. and people in droves want to buy before they are on the exchange. because almost any ICO can benefit x10 - x100 in just a few days.

[Francis Freeman]

It certainly looks like 2017 is THE year in crypto as it set the standard as far as market cap is concerned but I feel that the crypto market is evolving now and is more mature . I am still hopeful that we will see a good run in the future .

[masphie]

May be yes may be no.
If we want to know about that, let see in next year 2021.
And i think bitcoin will be higher than 2017.

[bitbollo]

2017 has been a very strong year for all cryptocurrencies. Jut search on coinmarketcap any coins available on that period and take a look of the prices. Everything was going very strong in the market. there a was a record each day for weeks and weeks.
Probably we must wait a bit before to see another year like that for our crypto but I am pretty sure the best is yet to come for some projects launched on that period.

[Leonard2016]

I've missed that year badly man!
When some shitcoins were 100x from what they are now , I remember ethereum blue got 2$ then and now 0.001$ , everything pumped then , I loved it , was so much easier to make money out of crypto , this year is not bad too but in Defi section and yield farming!