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Author Topic: Is the crypto hype over?  (Read 1437 times)
Abiky (OP)
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August 09, 2021, 02:24:42 PM
 #81

Is it? I think no. If you are observing the market, you should provably know how much Bitcoin has been pumped recently. Along with BTC, some altcoins had some good pump and they are still green. But this can be a bull trap you know.
However, the hype isn’t over yet in my opinion

The hype gained a "boost" after the ETH London upgrade. BTC and ETH experienced short gains within such a short amount of time. But Bitcoin is still struggling to reach a new ATH of $60k per coin. We may need to wait a little more time before it gets there. Once Bitcoin goes all the way to the moon, other altcoins will follow. This has usually been the trend of crypto ever since the industry was born in 2009. Hype cycles usually come after a BTC halving, so I'd expect another massive bull run after 2024. Buying low and selling high is the key to keep yourself financially safe whenever there's a bull or a bear market. With or without the hype, crypto will be here to stay thanks to its decentralized and censorship-resistant nature. Just my thoughts Grin

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August 09, 2021, 03:44:50 PM
 #82

the crypto hype is not over yet. right now the hype is adjusting to market conditions, we don't know the market conditions in the Q4 2021 quarter. Many predictions for Q4 could enter the latest hype. so stay tuned in the crypto market and see the surprises in the future
In fact, many people fear in the market for the arrival of a ferocious bear.
we know the market has been in a very good rally for too long. Of course, after the first correction which was quite severe, people thought again to enter or wait to return to the market.
this is a real dilemma for those who are not very good at doing market analysis. as a result, I'm sure many are just doing day trading.









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August 09, 2021, 04:01:56 PM
 #83

Probably just taking a rest, even though Elon Musk stop tweeting about Doge sometimes he still tweets it or probably add in his profile picture in Twitter. Right now the market are focusing on big coins such as Bitcoin and Ethereum that's why altcoin such as Dogecoin, DeFi and NFTs are left behind but for sure they will come back after the correction of the market.

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August 09, 2021, 04:35:23 PM
 #84

Maybe he stopped tweeting because he knew people stopped believing what he did with the crypto market. Hype has always existed in crypto, maybe one hype is over and we'll soon see a new hype begin.

He was know that if he would never able to keep the last forever. That's why elon was also avoiding to create another shilling thread for the altcoin. He was also getting warned by SEC about his tweet.
Elon may think that if when he gets a problem with SEC and then it will be hurting his reputation.
He may think for the second time before create a tweet

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August 09, 2021, 04:45:57 PM
 #85


Sometimes I wonder if the crypto hype is over. "De-Fi" and NFTs are still a big hit, but interest/demand seems to be slowly declining. I'm guessing the next Bitcoin halving will "revive" the hype. But there's no guarantee this will happen since crypto behaves in many strange and bizarre ways.

Do you think the crypto hype is over? If not, why? Your input will be greatly appreciated. Thank you. Smiley
Defi is a long-term development, but people have not yet accepted the trade-off between performance and sovereignty.  
Some defi platforms are really useless and bullshit.  Drag carpets and scam... That affects the fact that it's still a long time before users confidently come to Defi.  Nft has sustainable development in the future but it is only temporary.  
Currently, I am interested in the trend of scalable and decentralized stablecoins.  Looks like it's the next hype trend.  Let's catch
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August 09, 2021, 04:55:11 PM
 #86

As far as Elon musk is concerned, i think he tries to manipulate the market for his own good. He makes tweets accordingly and then buy or sell. So he has nothing to do with hype. His intentions are now kind of exposed to the crypto community and not much effect his tweets make compared to the initial impact.
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August 09, 2021, 05:08:41 PM
 #87

As far as Elon musk is concerned, i think he tries to manipulate the market for his own good. He makes tweets accordingly and then buy or sell. So he has nothing to do with hype. His intentions are now kind of exposed to the crypto community and not much effect his tweets make compared to the initial impact.

Honest question dude, do you really believe that a guy with a net worth of 180 billion dollars in the pockets is going to manipulate a meme coin to then buy or sell on an exchange that got him registered with KYC, risking to be sued for market manipulation as a manager who is behind Tesla and SpaceX and many other companies? Cheesy Come on, you can't believe that yourself.
Do you think Bill Gates cheats when he plays poker with his friends to win the thousand bucks in the middle in the end? Cheesy

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August 22, 2021, 05:53:19 AM
 #88

I can’t name the previous bull run as the hype. It was an ordinary bullish market, and now it is a bear market. Crypto “winter” was predicted and I wait for it, as I strongly believe that we will see many new valuable projects and tokens, so I will invest in them. And then when the market gets warmer and people invest in Bitcoins and other coins, I will get money from newbies.
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August 24, 2021, 04:22:38 PM
 #89

Probably just taking a rest, even though Elon Musk stop tweeting about Doge sometimes he still tweets it or probably add in his profile picture in Twitter. Right now the market are focusing on big coins such as Bitcoin and Ethereum that's why altcoin such as Dogecoin, DeFi and NFTs are left behind but for sure they will come back after the correction of the market.

One thing for sure is that crypto never gets old. Sometimes crypto gains all of the attention in the mainstream world, while sometimes it's left behind in the dust. It's like a roller coaster ride if you ask me. I've noticed that a year after each Bitcoin halving, there's a surge in demand for almost every cryptocurrency the market. That's where the hype comes in, benefitting early adopters in the process. You should buy when demand for crypto is low, and then sell it's all the other way around. Only then, you'll be able to secure as much profits as possible.

Back then, no one thought Dogecoin would reach almost $1 per coin. It was all a forgotten cryptocurrency used by a small number of people. After Elon Musk tweeted about Dogecoin and Bitcoin, the hype gained steam once more. With all crypto's been through, I wonder which coin will be "hyped" next? Cheesy

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August 24, 2021, 05:14:58 PM
 #90

For some reason, Elon Musk stopped tweeting about DOGE and even Bitcoin, making people lose interest in crypto these days. Add to this the China miner ban, and regulatory action against Binance exchange and you'll see why the market hasn't gone up that much within the last 2 months (approximately). Bitcoin is still struggling to reach a new ATH, while ETH doesn't get past $3k per coin.

Sometimes I wonder if the crypto hype is over. "De-Fi" and NFTs are still a big hit, but interest/demand seems to be slowly declining. I'm guessing the next Bitcoin halving will "revive" the hype. But there's no guarantee this will happen since crypto behaves in many strange and bizarre ways.

Do you think the crypto hype is over? If not, why? Your input will be greatly appreciated. Thank you. Smiley
If you look at that this topic was created in early August, it is not at all surprising that during this period we do not observe a high price growth of the cryptocurrency. During the summer holidays, business activity drops in all markets and this is natural. However, even in spite of this factor, by the end of the summer, bitcoin climbed to $ 50,000, and the price of ethereum is in the range of $ 3200-3300.
Considering this and other circumstances, I think that in the fall we will still have some pleasant price news from the cryptocurrency. It is the fourth quarter that, as a rule, is very productive in this regard. The market will grow, and the hype around promising cryptocurrencies will also rise.

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August 24, 2021, 07:52:49 PM
 #91

Many parametres are important when try to answer to this question. It is like up-down trend so it backs in circles. Not see it will be no interesting in next years too.
Crypto is the future and it gets adopted too fast nowadays. It tends to be more popular than ever. The priceia way too differentfeom where it is before as well on how the price achieved its amount during pandemic. If there qill be no invention that can replace crypto then it will continue to be adopted by many as time goes.

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August 24, 2021, 09:35:03 PM
 #92

Do you think the crypto hype is over? If not, why? Your input will be greatly appreciated. Thank you. Smiley

I think crypto is still too young and is unlikely to end too soon. Even though the first crypto was launched in 2009 namely Bitcoin, and the current price is very high, some other cryptos are still just getting started. The current price fluctuations are only to shake the faith of new investors. Who can not survive the conditions when the dump occurs, it will experience a loss.



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August 25, 2021, 02:30:16 AM
 #93

Innovation is far from over and adoption is further. So there are still huge and plenty of room for the crypto space. All we have to do is wait for regulations and ironing out the rogue operators of cryptocurrency, then my speculation is beyond DeFis and NFTs , we are starting to realize how powerful blockchain technology can be.

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August 25, 2021, 02:42:44 AM
 #94

Innovation is far from over and adoption is further. So there are still huge and plenty of room for the crypto space. All we have to do is wait for regulations and ironing out the rogue operators of cryptocurrency, then my speculation is beyond DeFis and NFTs , we are starting to realize how powerful blockchain technology can be.

Yes i agree that crypto system is at young age right now, it's not even 20 years yet and people still developing their own innovation and wrapped it up with cryptocurrency which is really fit for a future system that we need for human being to do a transaction worldwide.
So i think it's just the beginning of crypto growth, we will see more upcoming new innovation just like defi and nft nad they are competing which one will survive to become a world wide system
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August 25, 2021, 02:59:53 AM
 #95

Bitcoin doesn't need hype to be successful. It has gotten so big that big news stories do not affect it that much. Even after all the recent FUD and attacks in the media bitcoin still pumped to over $50k recently. The price has come down recently after the news of Coinbase accounts being hacked but it didn't fall so much that it can't easily recover.

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August 25, 2021, 03:10:04 AM
 #96

Bitcoin doesn't need hype to be successful. It has gotten so big that big news stories do not affect it that much. Even after all the recent FUD and attacks in the media bitcoin still pumped to over $50k recently. The price has come down recently after the news of Coinbase accounts being hacked but it didn't fall so much that it can't easily recover.
Hype are for the Altcoins only and that's a fact. The fact as well was because people don't want the easy compounding and they tend to take the risks on altcoins. I don't think it's the fault of the hack or other FUD, I guess few or the experienced one are expecting a down from here on out but looking at the macro level the crypto space is too bullish.
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August 25, 2021, 03:15:30 AM
 #97

I think the hype will never end after a hype ends there will be another hype that starts, we are still long in the hype that will happen in the future today bullish is happening in the market and the hype is still in front of our eyes for now let's just wait for the hype it will happen
crypto hype and projects was totally different i think, we could not generalize it is the same condition. maybe in project we ever see when hype over price could slowly o even sharply down. But in crypto market we never its hype over, when price drop investors will take position to buy the cheap coins.

Bitcoin doesn't need hype to be successful. It has gotten so big that big news stories do not affect it that much. Even after all the recent FUD and attacks in the media bitcoin still pumped to over $50k recently. The price has come down recently after the news of Coinbase accounts being hacked but it didn't fall so much that it can't easily recover.
bitcoin was different with new project that need hype to known by investors or make its price. Bitcoin already exist for many years and no need anymore hype because investors what should they do if price drop.

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August 25, 2021, 03:56:10 AM
 #98

Bitcoin is still struggling to reach a new ATH, while ETH doesn't get past $3k per coin.
There has some cycle "ATH" every 4 years most of the time after or before "HALVING" BTC is conduct.

Do you think the crypto hype is over? If not, why? Your input will be greatly appreciated. Thank you. Smiley
You are more longer than me on the forum.

So, you should know based on the movement price "BTC" did the adoption and interest about crypto really have high interest or not? I think you can answer that by your self cause you have more than 6-7 years in the forum.

And about "Elon Musk", even without him the "BTC" will still be the pioneer of the transaction revolution. I more prefer "Elon" not doing anything or tweeting about crypto, because of him its make moving because of him and that's is not health market at all.

Definitely, there will always be ups and downs in the cryptocurrency industry and I think this is quite true in any kind of industry but to posit the idea that Bitcoin and crypto in general can be out of fashion or be going down for good that is something that will never be true. In fact, after more than 10 years since the introduction of Bitcoin and the coming of the whole crypto players in the marketplace, I can sense that we are just getting started here. There will always be obstacles, challenges and problems and these are all normal...in fact here in this industry people can come and go but there is no denying cryptocurrency is the future of money, banking and finance and the power has returned to the hands of the people.


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August 25, 2021, 07:45:41 AM
 #99

For some reason, Elon Musk stopped tweeting about DOGE and even Bitcoin, making people lose interest in crypto these days. Add to this the China miner ban, and regulatory action against Binance exchange and you'll see why the market hasn't gone up that much within the last 2 months (approximately). Bitcoin is still struggling to reach a new ATH, while ETH doesn't get past $3k per coin.

Sometimes I wonder if the crypto hype is over. "De-Fi" and NFTs are still a big hit, but interest/demand seems to be slowly declining. I'm guessing the next Bitcoin halving will "revive" the hype. But there's no guarantee this will happen since crypto behaves in many strange and bizarre ways.

Do you think the crypto hype is over? If not, why? Your input will be greatly appreciated. Thank you. Smiley
why are you only considering Btc and Eth? These are outdated technological solutions. Btc has not been decentralized for a long time and it is absolutely insolvent cryptocurrency, just a crowded old cart. Eth still has huge technological potential, but its congested network urgently needs help in the form of cross-chains like Solana, Matic, Near Protocol. Thanks to their perfect blockchains, they will eventually take Eth completely out of the market by offering better services to their users. They also help unload the Eth network by transferring erc-20 into the ecosystems of these projects. You can see that the schedules of these projects live their own life, separate from Btc and Eth, which is undoubtedly a huge plus, which means that the platforms are used and people find interest in them.
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August 25, 2021, 08:20:55 AM
 #100

On the contrary, people are increasingly interested in cryptocurrencies, judging by the statistics of certain sites, and in general I also know many people who began to be interested in cryptocurrencies only this year and I am sure that the future belongs to cryptocurrencies, and therefore this is only the beginning, therefore, cryptocurrencies will gradually take over the whole world, it just will take a lot of time due to the fact that countries such like United States do not want to recognize cryptocurrencies and therefore cryptocurrencies cannot yet show their real potential, but in the future, of course, everything will change.
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