crypto market is no longer the same, what changed?

[Stalker22]

Memecoins back then? I think you got your ideas mixed up. Memecoins were only prominent in the last cycle.

The OP did not specify what time period he had in mind.  He said: "In previous years", he did not mention any specific cycle.  Yes, memecoins were prominent in the last cycle.  Before that there was an ICO frenzy with countless shitcoins.

[IceLincoln]

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.

Inasmuch as we want to disregard them they are still called projects to get to those gullible masses who they deceived.
Yeah we’re the ones who give them the power to deceive and milk us. I’m just glad people have learnt their lessons and not much relevance is being given to them today.

[Dogedegen]

Memecoins back then? I think you got your ideas mixed up. Memecoins were only prominent in the last cycle.

The OP did not specify what time period he had in mind.  He said: "In previous years", he did not mention any specific cycle.  Yes, memecoins were prominent in the last cycle.  Before that there was an ICO frenzy with countless shitcoins.

It is also a bit mistake because I read it too strongly thinking more about past cycles and that got me confused wondering why you would say that memecoins were prominent in those cycles. Even though a few memecoins existed even in the earliest days, each prior cycle had its own shitcoin driving word. After ETH many came that were just selling smart contracts and basic things like that, and many people bought into those shitcoin as if having smart contracts was something special. In the most recent cycle it was memecoins, and they even had some potential but the greed of the creators got out of control. At some point there were creating thousands and thousands of memecoins per hour.

Inasmuch as we want to disregard them they are still called projects to get to those gullible masses who they deceived.
Yeah we’re the ones who give them the power to deceive and milk us. I’m just glad people have learnt their lessons and not much relevance is being given to them today.

Not even 1 out of 1000 shitcoin projects was genuine, many were just driving on the waves of popularity and selling whatever they can to take as much money as they can from the normal people. I am not sure that many have learned the lesson, because otherwise why would they put Bitcoin in the same group as shitcoins if they have learned the lesson? We will see with time..

[Plutomanian]

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

Oh you're right, the vast number of investors and traders are now taking their time to ensure they're learning the basis of the market and been decisive with their alternatives. So many things to learn and so many experience to learn from, especially the mistakes that will commit in the market. It's very okay to make mistakes which might result to losses, but what's not okay is when you're losing again from that exact mistake you made the first time, definitely not to be repeated. Shitcoins still exists and there are couple of traders that dwell on this project because they see a prominent future in them, they're always ready to invest heavily in shitcoins rather than settling for Bitcoin.

[Son Of Blockchain (SOB)]

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

Oh you're right, the vast number of investors and traders are now taking their time to ensure they're learning the basis of the market and been decisive with their alternatives. So many things to learn and so many experience to learn from, especially the mistakes that will commit in the market. It's very okay to make mistakes which might result to losses, but what's not okay is when you're losing again from that exact mistake you made the first time, definitely not to be repeated. Shitcoins still exists and there are couple of traders that dwell on this project because they see a prominent future in them, they're always ready to invest heavily in shitcoins rather than settling for Bitcoin.

Whether one is a trader or investor the best thing anyone can do is to understand what they're doing so they'll be able to manage the risk that's involved, trading can be very risk compared to investing but both still need risk management else people who're into them would just be doing it blindly and lose lots of money.
 Yeah it's okay to make mistakes out of ignorance but correcting it is the major thing so as not to suffer repeated lose while trying to get rewards from whatever one is doing whether trading or investing. However I won't support anyone to depend on shitcoins for rewards that's why I support people to put their discretionary funds into investing than trading.

[Plutomanian]

Whether one is a trader or investor the best thing anyone can do is to understand what they're doing so they'll be able to manage the risk that's involved, trading can be very risk compared to investing but both still need risk management else people who're into them would just be doing it blindly and lose lots of money.
 Yeah it's okay to make mistakes out of ignorance but correcting it is the major thing so as not to suffer repeated lose while trying to get rewards from whatever one is doing whether trading or investing. However I won't support anyone to depend on shitcoins for rewards that's why I support people to put their discretionary funds into investing than trading.

Can you manage risk? It's very important to know the level of risks you're involving yourself with and the account size in other to prevent liquidation. The market is big enough and we know exactly how to enter the market and execute proper trades because we're here to accumulate more profits for ourselves although the losses will also come in but we tried as much as to minimize our loss ratio.

Most of these traders swinging in the general market and they do not want to tell themselves the truth about the trades been trigger and how they're coping with the whole losses. Do you know I've seen a trader losing heavily in the market because of poor strategy and instead of the trader to look for a good trading strategy, he just stick to that same strategy and have strong faith. Don't twist, having faith is good and also part of the game but when you have faith without work, what do you see? Ofcourse faith will be dead.

[fredericktaylor]

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

Oh you're right, the vast number of investors and traders are now taking their time to ensure they're learning the basis of the market and been decisive with their alternatives. So many things to learn and so many experience to learn from, especially the mistakes that will commit in the market. It's very okay to make mistakes which might result to losses, but what's not okay is when you're losing again from that exact mistake you made the first time, definitely not to be repeated. Shitcoins still exists and there are couple of traders that dwell on this project because they see a prominent future in them, they're always ready to invest heavily in shitcoins rather than settling for Bitcoin.

Whether one is a trader or investor the best thing anyone can do is to understand what they're doing so they'll be able to manage the risk that's involved, trading can be very risk compared to investing but both still need risk management else people who're into them would just be doing it blindly and lose lots of money.
 Yeah it's okay to make mistakes out of ignorance but correcting it is the major thing so as not to suffer repeated lose while trying to get rewards from whatever one is doing whether trading or investing. However I won't support anyone to depend on shitcoins for rewards that's why I support people to put their discretionary funds into investing than trading.

Of course brother, before starting investment or trading it is very important to understand and gain knowledge about the subject well. Investment or trading depends entirely on a person's own willpower. From my point of view it is very important to invest consistently with a long-term plan. There is risk in every investment but the amount is less and more, if there is consistency between proper knowledge long-term planning and investment the possibility of losing money is relatively less. Greed can put a person in the face of big losses, so choosing trading without knowing or understanding just in the hope of making quick money is nothing but foolishness. Your curiosity can gradually make you wise, so it is wise to invest in the right place with knowledge.

[Franklyn-wood]

We must know that each day the world is becoming more wicked, as greed continues to grow in our society. However people tend to focus more on rug pull and way to satisfy their selfish benefits that is why you will barely see coins performing the way it used to. Since we have this knowledge it would be best to be cautious about the kind of coins we spend we see in the market.  Often it's best to just stick with what you know and have some level of trus and knowledge on.

There's humans and its been really a challenging feature to deal with greed. It overcomes a trader and investor, they're only here to accumulate profits and doesn't care if the next man sinks in huge losses, as long as you're on safe path, one doesn't really care. The world have become such a cruel place to lived in and we should always apply caution in our dealings in the system and always know this, nobody is coming to save you unless you save yourself. I'm not going to give up because the market have always been quite roughly.

We are in a world where peace and happiness is a treat to some people. There are this set of people who finds joy in the losses of others and become good and cheerful with the sweat and resources of others, and don't feel bad about. They look for opportunity anywhere the there is space for any laxity. We should all be vigilant and careful, so we don't become victims of this wicked type of people with heartless minds and no feeling.

[Plutomanian]

We are in a world where peace and happiness is a treat to some people. There are this set of people who finds joy in the losses of others and become good and cheerful with the sweat and resources of others, and don't feel bad about. They look for opportunity anywhere the there is space for any laxity. We should all be vigilant and careful, so we don't become victims of this wicked type of people with heartless minds and no feeling.

I can proudly say, the market is a moving one and the more we delay our time, more things are blowing out proportion. We ought to observe the market and the noise that comes with it. When we talk about noise, it's simple because they're seen as distractions in the market and they're only there to lure one into of these catches. We're not God that will know the mind of everyone in the market, so the best thing we can do is simply to stay clear off everyone in the market. I'm not taking about ignoring them but at least a distance and secondly, work essentially on your project because it's very Important to know one's worth in the market.

[Dreadboost]

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.

You are new to Crypto and you are in a haste to see the market pump. That should not be where your main attention is draw to. The market you know before is still the same market you know now. What changed is that the pump and dump project have reduced as many are enlightened that those project are scam project. So far nothing has changed in Bitcoin. The volatility and price fluctuation happens at regular interval. The halving phase is still the process, which we saw in the previous halving. If my observation are right, any project that rushed into the market and get skyrocket in price is doing that to prepare investors to invest while they wait for the perfect time to run away with investors money.

[Crakryptvest]

I took me time to understand what the op was saying or is he advicing that we should go back to those days when shits was everyone, op you should understand that people are becoming very wise although there are some people that are still caged by shits, some have learnt that shits can not be trusted and decided to concentrate mainly on Bitcoin since it is the only digital asset that we can trust and invest in without having double mind, anyone that wants to gamble instead of investing and hodling for the future can go in chase of shadow which are shits or whatever, bitcon acumulation and hodling for a long-term remains the goal.

[Dogedegen]

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.

You are new to Crypto and you are in a haste to see the market pump. That should not be where your main attention is draw to. The market you know before is still the same market you know now. What changed is that the pump and dump project have reduced as many are enlightened that those project are scam project. So far nothing has changed in Bitcoin. The volatility and price fluctuation happens at regular interval. The halving phase is still the process, which we saw in the previous halving. If my observation are right, any project that rushed into the market and get skyrocket in price is doing that to prepare investors to invest while they wait for the perfect time to run away with investors money.

Some users can be in the perception that the reasons why crypto pumped was innovation, but that is not true and it is an over simplification of something very complex like the market. I will explain using the last cycle because that one is even more specific and can't be directly compared to all other cycles. During the last cycle we had a combination of many facts that struck something like a golden balance.

• Timing after the halving, market is expecting a pump because of Bitcoin cycles and new supply reduction like in past cycles.
• There were many altcoins but not even 1 percent compared to how many there are now.
• The field was undiscovered by many normal people, crypto and Bitcoin were still mysteries or completely unknown or unheard for most people.
• Staying at home during COVID.
• Massive amount of money printing.
• In some cases like the US people even got money directly so they could use it how they wanted, stimulus.

One can expand this list more, but these are some of most important ones. So there was a golden time where so many people were at home, not knowing the truth about shitcoins and believing all sorts of hype and lies, they had money and nothing better to do. So we had this huge amount of liquidity that is inexperienced and easily tricked chasing a low number of projects sitting all day long at home. This was a perfect environment for massive pumps of just about anything and we have seen it. Now we have the directly opposite situation on every point except the post halving timing. People do not have money, people are not sitting at home all day long, crypto is no longer a mystery but has scammed many people, Bitcoin market is maturing and such.

Bitcoin just underperformed slightly during this cycle, maybe a peak of $150k would have been better so there was nothing wrong with this. It is shitcoin that has underperformed severely and the user is mostly complaining about this and confusing many things that are going on, it is not about innovation.

[Orpichukwu]

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

Are people really learning how not to invest in those scam projects? If they were actually learning, we could not still be having victims of those who fall for scams of fake projects, and I have seen more scam projects that present themselves as being legitimate and offer good use cases only to turn out to be scams after good funds have been raised.

[Plutomanian]

Are people really learning how not to invest in those scam projects? If they were actually learning, we could not still be having victims of those who fall for scams of fake projects, and I have seen more scam projects that present themselves as being legitimate and offer good use cases only to turn out to be scams after good funds have been raised.

That's exactly how the market now operates, there are more scamming projects in the space and there's absolutely nothing anybody can do about it other than trade and invest with caution because not all projects that are legitimate are really legitimate, most of these projects appear to be legitimate projects with solid roadmap but when one have invested in it, it turns out to become a scam which will liquidate one's portfolio. Cryptocurrency is entirely on another level and it's our obligation to know how to cope with the market and manage it. People who rush into the market without having a proper information about the market will always end up losing huge amounts.

[Sammye3]

I think in the past,  there was a good number of shit coins that made so many profits and also losses too after a massive rugpull and that was because most people were newly introduced to cryptocurrency and mostly followed the hype without any fundamentals.

The market has not being stable for the past months and not a sign of bull season yet. It is only normal that these shitcoins would become popular during the bull seasons and once again it would be either a massive win or loss. It is better to learn more about scam projects during this period and their schemes so as to avoid wasteful investment.

[Dogedegen]

I think in the past,  there was a good number of shit coins that made so many profits and also losses too after a massive rugpull and that was because most people were newly introduced to cryptocurrency and mostly followed the hype without any fundamentals.

The correct way to describe this is actually not that they were profitable, they were just redistributing money from some people to some other people. Since shitcoins do not have any utility, their markets are a zero sum game. This means that whenever you have heard someone make ridiculous return on some shitcoin in the last cycle, this money came from other people who have collectively lost. So in the end in total the group of people who were in shitcoins collectively didn't make money in the most cases of shitcoins, it is only that in some cases there were redistribution from the many individuals to the few.

And since many projects were about issuing many free tokens to insiders, team, advisors and so in most cases it was a value extraction thing. So yeah I would be quite careful to be happy for anyone who made profit this way because all they did was take money away from other people.

[Btcdeybodi]

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 were still altcoins that skyrocketed to a very high price but they didn't continue in the long term, it was just short term market volatility. What changed is that many investors don't want to invest on those altcoins anymore because they are afraid of losing their money when a dump happens. The bear market is another reason why altcoins are not gaining any attention, if it were to be in the bull season where some altcoins skyrockets along with bitcoin, some investors would have tried to invest in them. There is very little volatility in the market now, so investing in any altcoins will be like a waste of time.

[Mr_Brilliant$]

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

Oh you're right, the vast number of investors and traders are now taking their time to ensure they're learning the basis of the market and been decisive with their alternatives. So many things to learn and so many experience to learn from, especially the mistakes that will commit in the market. It's very okay to make mistakes which might result to losses, but what's not okay is when you're losing again from that exact mistake you made the first time, definitely not to be repeated. Shitcoins still exists and there are couple of traders that dwell on this project because they see a prominent future in them, they're always ready to invest heavily in shitcoins rather than settling for Bitcoin.

Making mistake for this market nor be the problem, The real wahala na when person nor learn anything from the loss and still repeat the same mistake again..

As for shit coins, I nor dey rock with that one, but people claim say e fit make person money fast, and na that greed dey attract plenty people.. But the same way dem fit give 10x, na the same way dem fit wipe portfolio overnight.. That is why I always prefer and see Bitcoin as the safer long term one..

[EluguHcman]

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.

It will be a false if you think there is limitations of those alt coins still on innovations now but if your objective is on the insight that alt coins has not been taking too much paths in driving investors mindsets, that I will concur because in the previous years there use to be remarks for the alt coins season but recently, it is like they are only relying on the Bitcoin movements.

The people around the world are also advancing in their knowledge on crypto currency after many had lost their funds on investing on the hypes and realizes the alt market is majorly pumped and dumped.

[Antidote47k]

The market today is largely different from the 2016-2021 era, the market is now bigger and more saturated with much more projects competing for investors and liquidity. People now do more research and trade often based on risk management hedging and quantitative strategies rather than pure hype, many people experienced painful losses during previous volatility from scam projects as such the market has adapted, investors ask in-depth questions about utility, revenue, tokenmics and sustainability before considering any project, no one wants to invest is shitty projects anymore.

That being said, I wouldn’t cross out the chance such massive bullish runs in the future, what has changed is that buying of any random coin and getting rich overnight and the downside of losing massively if the reverse is the case. The market has become more efficient, competitive and more professional.