kastara (OP)
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October 07, 2020, 05:08:32 PM |
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Will this be the beginning of a revival for cryptocurrencies because there are so many projects and project developments using blockchain technology
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bitmover
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October 07, 2020, 09:41:36 PM |
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Will this be the beginning of a revival for cryptocurrencies because there are so many projects and project developments using blockchain technology
I believe the ecosystem is now more mature than in 2017, in the ICO crazy. However, I believe this DeFi farms will become the same thing as all those crazy icos: A big bubble. Just like those useless tokens dropped 99% of its value and many people lost money, this will probably happen again now in DeFi farms. And in the end, what will stay immutable, just like always it always did? bitcoin. just my 2 cc.
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Zeehaxan
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October 07, 2020, 09:44:36 PM |
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If you are talking about the big bull run then i agree because post btc halving the last quarter of the year is usually bullish and we are just into the last quarter now and hopefully from november we will see the bullish impact in the market that will hopefully continue till next whole year.
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shinratensei_
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October 07, 2020, 10:23:30 PM |
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If the adoptions were coming from the institutional or government and that could become the beginning of the rise of crypto but if you meant about more project that used blockchain came from the new projects and then this could not be a strong reason as so many projects wanna try to take the hype that is still happening in the blockchain. Just try to take a look at how so many scam defi appeared these days.
It's too early to determine the rise of crypto based on the there were new projects that used blockchain.
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Hippocrypto
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October 07, 2020, 10:42:27 PM |
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Will this be the beginning of a revival for cryptocurrencies because there are so many projects and project developments using blockchain technology
Right now, I might not get into full confidence that this will be the start of rising cryptocurrency. It's just a normal behavior that we may experience from previous pattern and then goes back to what it really is. With the recent projects and developments, well that's going to become transparent around the world, but not on a point that this brings back the full recovery. What's important this time is to save the most valuable coin that you want, and wait for the perfect time it will gain a sustainable price to earn good profit.
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Twinkledoe
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October 07, 2020, 10:51:44 PM |
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Will this be the beginning of a revival for cryptocurrencies because there are so many projects and project developments using blockchain technology
I believe the ecosystem is now more mature than in 2017, in the ICO crazy. However, I believe this DeFi farms will become the same thing as all those crazy icos: A big bubble. Just like those useless tokens dropped 99% of its value and many people lost money, this will probably happen again now in DeFi farms. And in the end, what will stay immutable, just like always it always did? bitcoin. just my 2 cc. DeFi farms -big bubble because most of them have no actual application. Copycat of copycat. Imitations of imitations. You don't even know who's copying who if you will not look at their domain registration. And the biggest blunder among these defis is that they have no working platform and yet they are enjoying their expensive price tag in the market. So where do you think it will go? High likely that most of these DeFis will be gone soon along with their collected funds.
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blockman
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October 07, 2020, 11:01:03 PM |
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Will this be the beginning of a revival for cryptocurrencies because there are so many projects and project developments using blockchain technology
Beginning and revival? it's already in the process so I don't think that's a necessary description we got there. About the projects that are getting into blockchain technology and decors it because they got a sales for their token, they don't actually are good projects as they rake money displaying the concept and selling it without anything in return for the buyers. They display a token and a project that doesn't make sense but is full of promises.
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Kasabus
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October 07, 2020, 11:07:54 PM |
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Will this be the beginning of a revival for cryptocurrencies because there are so many projects and project developments using blockchain technology
Right now, I might not get into full confidence that this will be the start of rising cryptocurrency. It's just a normal behavior that we may experience from previous pattern and then goes back to what it really is. With the recent projects and developments, well that's going to become transparent around the world, but not on a point that this brings back the full recovery. What's important this time is to save the most valuable coin that you want, and wait for the perfect time it will gain a sustainable price to earn good profit. For now, it's too early to visualize the incoming rise of crypto but i know eventually it will soon to happen because this crypto market is just all about rising and falling of its prices. ICO projects are quite back to its normal trend but this defi projects have been the latest trend for crypto enthusiasts. I guess once the government starts to adopt cryotocurrency, then probably it will be the start of the rise of crypto.
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Quidat
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October 07, 2020, 11:13:24 PM |
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Will this be the beginning of a revival for cryptocurrencies because there are so many projects and project developments using blockchain technology
We cant tell but we can see that this is a better market compared into those previous years where almost everything do rise up because of Fomo or in short in a bubble. After that 2017 bull run and after several years, we had seen the market to moved into a gradual phase.We dont see long green candles and long red ones in a short span of time where it do means that we are really having that organic demand which cant really be easily crashed just like what happened on 20k goes down to 3k bigtime. Adoption is on the move and we do all know that but lets not rush up into things because it cant really be attained in a matter of few years. We are just a decade old and theres still lots of years to come for such adoption.Lets just patiently wait and see on what would happen.
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Rengga Jati
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October 07, 2020, 11:43:59 PM |
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Hasn't the cryptocurrency adoption process already been emerging more and more sectors than before the DeFi hype and this era? In my opinion, this is not the beginning, but this is a form of development of how more people, parties, and companies and even governments are interested in and concerned about the world of cryptocurrency. Moreover, if it is about the mass adoption of using blockchain technology. It will be much wider than we think, not only about implementing blockchain for cryptocurrency but for many more sectors and systems. I believe the ecosystem is now more mature than in 2017, in the ICO crazy.
However, I believe this DeFi farms will become the same thing as all those crazy icos: A big bubble.
True, the difference may lie in how developers create and prepare a project for real use, a more mature concept, and also a wider range of developments. And of course, both developers and crypto activists are increasingly observant and convincing about the new project. As well as extra caution when participating in new projects. but as you said, the hype is still everywhere, just like this DeFi. We can't deny that DeFi has been developing incredibly fast. And this might be like before, just hype, bubble, and then it will fall again to be replaced by others.
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goaldigger
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October 07, 2020, 11:46:13 PM |
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Will this be the beginning of a revival for cryptocurrencies because there are so many projects and project developments using blockchain technology
We still need more good news before the market rise again, and maybe after the US election cryptomarket will boom again, whales are waiting for this one for sure. Adoption can’t guarantee big up trend but slowly we will reach the peak again so be patient. We begun years ago and now we are trying to sustain the momentum so we can finally make a new all time high again, time is not our enemy invest while waiting.
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Johnyz
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October 07, 2020, 11:50:58 PM |
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Time can tell, the price is not moving yet despite of the good news of many good projects, the adoption of blockchain technology is increasing this is still a good news for a long term cryptomarket goal. Participate now to enjoy the future of cryptocurrency, its hard to just watch the market pumping. I do personally hold some bitcoin and good altcoins, waiting for the next cycle of up trend. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Zemomtum
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October 07, 2020, 11:59:24 PM |
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I think we should not be looking at the price when we are discussing the relevant of blockchain revolution. More attention should be paid to the usage and how easy is helping us to transact with each other borderless and anonymous.
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Akiko
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October 08, 2020, 01:02:24 AM |
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Time can tell, the price is not moving yet despite of the good news of many good projects, the adoption of blockchain technology is increasing this is still a good news for a long term cryptomarket goal. Participate now to enjoy the future of cryptocurrency, its hard to just watch the market pumping. I do personally hold some bitcoin and good altcoins, waiting for the next cycle of up trend. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) The adoption increasing however thats not enough to increase price of many crypto currency. We have a lot of investors already that enter crypto market but the real problem is we also have many coins in the market the more choices the harder for crypto currency to increase and get the demand they needed while working for thier coins development.
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bustabitsboy
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October 08, 2020, 01:26:32 AM |
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Perhaps, after the US elections, the crypto market will start growing again, but this cannot guarantee a huge aspiration for growth. Everything will happen gradually, so everyone should be patient and wait.
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Teraboy
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October 08, 2020, 02:00:06 AM |
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Perhaps, after the US elections, the crypto market will start growing again, but this cannot guarantee a huge aspiration for growth. Everything will happen gradually, so everyone should be patient and wait.
How can you sure to take the US election as a factor that can make the crypto market to grow again? The main thing should be more blockchain companies meant more adoptions and this will be result in the growing of the cryoto users. Some countris have tried to issue the digital currency which can give direct impact to the crypto. US election gives nothing to the crypto.
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TIDOVEE
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October 08, 2020, 02:30:18 AM |
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So many projects are using blockchain! That's not enough reason to make cryptocurrency rise. A good number of us are sure that we are attaining the bull run soon, and our expectations is to have an improvement in crypto value anytime from now, especially since the year is rounding up, the increase in projects using blockchain is more of advantage in adoption.
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sourish
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October 08, 2020, 04:53:22 AM |
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Cryptocurrency is too volatile to presume a permanent beginning or rise! The popularity, the awareness, the technology etc being adopted, becoming mainstream, that is what would truly mark the beginning of the rise of crypto.
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piebeyb
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October 08, 2020, 06:03:32 AM |
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not many, you can only see some YFI projects and their families are very much with the same concept as well as Sushi tokens and their children, where almost all projects come because copying names and projects, it looks like a stupid project, we haven't seen any interesting projects , to be honest projects like DeFi are old fashioned as well as staking or farming, most of them never last long, so there are very few projects that have their own blockchain and are unique, take a look at my signature and learn because it has its own uniqueness.
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makishart
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October 08, 2020, 06:13:44 AM |
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The blockchain has already become a standard for the project to enter in the cryptocurrency development. It could not be a thing that will bring the revival for the crypto. Crypto has already revived itself since the defi hype was booming among the crypto users. What is really needed by crypto to see the institutional investors to adopt crypto. I remember a big firm from US that has already bought a lot of bitcoin and that could give more support to the market. We didn't only need the adoption of blockchain but we also need the more parties to adopt crypto as another option for the various purposes related to the financial behavior.
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