crypto market is no longer the same, what changed?

[Plutomanian]

In previous years, we've heard stories which are true on the records, about how cryptocurrency got innovated and how it pumped so high. The market was really filled with volatility and how crypto traders was personally generating more Ps for themselves, forward to today, alot have changed. No more random altcoins skyrocketing to the moon overnight.

Basically I have my own opinions why the crypto market changed and how things not working smoothly for most of these traders. Furthermore spot on, crypto used to be a space where one can get rich overnight, even within a blink of an eye, boom you're a cillionaire already in the market. Back then, there was not much traffic between these crypto projects because the team behind each of these projects was working pretty hard to make their project top notch but today, no longer what we expects, rather the ratio of failed projects have increased and there have been quite heavy losses made and recorded from traders. Well its understandable because the market have become complex and competitive between investors, and perspective projects, the main whales now concentrate on the long-term projects rather than sticking to the usual over hyped crypto projects, there's huge differences now because everyone is gradually learning the market and the movement behind these altcoins.

Do you have other reasons you think the market no longer moves in massive bullish runs and record more dormant move and bearish stall?

[Stalker22]

I think your entire line of reasoning is backwards!  You say that in those days, "the teams were working hard to make their project top notch."  Really?  That has to be a joke!  Back then, it was a field full of trash projects with obvious copy-paste scams, and worthless meme coins.  The thing that has changed since then is how incredibly naive retail investors have been, such that they will throw their money at anything with a whitepaper attached.  Thankfully, the market finally grew up.

[Ashawowo(OS)]

You still reason crypto investment as gambling just like it used to be before, but times have changed, you talk only of the positive sides of those times as though it's all positive, but a lot of people lost a fortune to those high volatile markets of numerous shitcoins back in the days and I bet you don't recognize that most of those shitcoins that were making waves due to hype and shilling are now worthless and abandoned by the teams behind it having rugged it and scammed lots of people. People got wiser and smarter and tend to patronize what has long-term potentials like bitcoin. The era of excessive gambling in crypto is as good as over, and as Stalker22 rightly said, the markets have grown up quite a lot.

[Marykeller]

Plenty of shit projects on the rise, to scam and defraud people. People are learning their lesson, not to blindly invest in anyhow projects whose ambition is to scam people. Thank goodness we have Bitcoin, which has taught many of us to learn to trust and invest in it for profits in the future because if it is altcoins that we only have, we will continue to be on long thing in this space, to be investing in shitcoins

[Webutxo]

Plenty of shit projects on the rise, to scam and defraud people. People are learning their lesson, not to blindly invest in anyhow projects whose ambition is to scam people. Thank goodness we have Bitcoin, which has taught many of us to learn to trust and invest in it for profits in the future because if it is altcoins that we only have, we will continue to be on long thing in this space, to be investing in shitcoins

I don't think we have shit projects, they are not worthy to be called project because what's their in launching a meme coin with just a X username only, no website, nothing behind the coin and millions of dollars are invested on them, I know there is manipulation behind those numbers but gullible people buy them as investment which continues to give relevance to this people that continue to launch this coins, they know people will always come back to them.

I know we can't stop shitcoins but we can reduce their power by not giving them relevance they want. If they launched this coins and people don't buy them, they are going to get the message but I guess we can't tell people what they want to do and it make sense for them to stop complaining about the way the market treat them.

[Rgram]

In previous years, we've heard stories which are true on the records, about how cryptocurrency got innovated and how it pumped so high. The market was really filled with volatility and how crypto traders was personally generating more Ps for themselves, forward to today, alot have changed. No more random altcoins skyrocketing to the moon overnight.

There is no way a volatile space such as we have in cryptocurrency would exist for a good number of years running more than a decade and it would stay the same. Of course a lot is going to change. How people perceive cryptocurrency, what myths that have been unraveled, the number of investors we have today against yesterday, the awareness it has generated globally and so forth.

People are more aware now and people are taking steps to separate that which is true from that which isn’t and how to handle certain conditions about the market. That’s what we see reflect everyday on the market, individual investor decisions.