May 5, 2017 03:45 AM
(This post was last modified: May 5, 2017 03:53 AM by y.flicka.)
So right now most know coins no matter how much they are worth are rising extremly.
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And I was just thinking that this wont last forever. Right there is this general Hype arround it but dont you think aswell that it will end some time? I believe that the long term price will increase but whats happening now is to crazy.
I would like what you think about this will a Downfall come?
How hard will it be and will it strike all coins?
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Someone call a medic for Strat.
Kidding.
Of course it won't last forever. I see cryptocurrency prospering for years to come though.
There was a discussion on this being a bubble that will pop one day and potentially everyone will be affected. While I certainly believe that is more possible than not, I do not think we will see it happen yet. It is true many coins are on the rise right now, but you have to understand many people buy BTC (or other altcoins) simply because they believe it is worth something and that it will continue to rise.
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All coins pump and dump, pump and dump. Some of them die, sure, but if you're talking about the most popular 20 or so then there won't be any probably major crash, just dips and peaks. This keeps happening, every single day.
May 5, 2017 03:51 AM
(This post was last modified: May 5, 2017 03:52 AM by y.flicka.)
(May 5, 2017 03:49 AM)Travelers Wrote: There was a discussion on this being a bubble that will pop one day and potentially everyone will be affected. While I certainly believe that is more possible than not, I do not think we will see it happen yet. It is true many coins are on the rise right now, but you have to understand many people buy BTC (or other altcoins) simply because they believe it is worth something and that it will continue to rise.
Yea I think the bubble will pop but it will mostly just affect unknown pump and dump coins or any coin that is not really in financial use. Most coins you invest in cant be used to buy anything with.
(May 5, 2017 03:50 AM)Trevor Phillips Wrote: All coins pump and dump, pump and dump. Some of them die, sure, but if you're talking about the most popular 20 or so then there won't be any probably major crash, just dips and peaks. This keeps happening, every single day.
Yea the Top 5 will not be affected very hard but the rest of them will be definetly.
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Considering the amount of money going into coins being a lot more than pretty much every previous year combined, I would say no.
Yes they might all slightly drop usually influenced by bitcoin having some random shit going on and people panic selling - contributing to crash the coin.
(May 5, 2017 03:51 AM)y.flicka Wrote: Yea I think the bubble will pop but it will mostly just affect unknown pump and dump coins or any coin that is not really in financial use. Most coins you invest in cant be used to buy anything with.
Yea the Top 5 will not be affected very hard but the rest of them will be definetly.
I will somewhat agree with this. The top 5 will definitely be affected, but I think it may depend on where the development teams are at in each one. If people stop thinking they can turn a profit, everyone will dump there coins except for the few investors who can weather the market.
(May 5, 2017 03:53 AM)Mr. Robot Wrote: Considering the amount of money going into coins being a lot more than pretty much every previous year combined, I would say no.
Yes they might all slightly drop usually influenced by bitcoin having some random shit going on and people panic selling - contributing to crash the coin.
I think there will some kind of what I would call "natural purge" be happening to all non important coins some day or another. Only big coins that already established a large financial net will survive.
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(May 5, 2017 03:59 AM)y.flicka Wrote: I think there will some kind of what I would call "natural purge" be happening to all non important coins some day or another. Only big coins that already established a large financial net will survive.
I disagree, there will always be new coins coming through and someone might make a wallet that handles all of them which can be called what they want and be valued at what they want but you can pay with a coin named after yourself.
All of it can have unique pictures/names but it will all end up as just 1 digital currency.
May 5, 2017 04:04 AM
(This post was last modified: May 5, 2017 04:07 AM by y.flicka.)
(May 5, 2017 04:01 AM)Mr. Robot Wrote: I disagree, there will always be new coins coming through and someone might make a wallet that handles all of them which can be called what they want and be valued at what they want but you can pay with a coin named after yourself.
All of it can have unique pictures/names but it will all end up as just 1 digital currency.
I do agree with you this will most likely to happen but imo you are looking in the far future where BTC will die of for various reasons but this "purge" might come soon
I actually think crypto currencies are gunna become less and less of a bubble as the general population starts using/accepting different coins. I could be wrong, but I don't see the overall trend of crypto coins becoming more and more valuable over time stopping
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They're currencies, I think at some point in the future all the small ones will be dead and only a few major ones will survive, and they'd stay around a certain value, not constantly fluctuate like many do now.
bitcoin is gonna flash crash around 40% in this month or the next
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I don't think all coins will crash, but Bitcoin will
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