Once the adoption rate of anything goes exponential, the people that got in during the parabolic rise are by definition too late. You had to be in at the latest in early 2017. It’s really, truly too late now unless you think tens of millions are going to become millionaires from this market.
It’s saturated and now the writing is on the wall and the smart money is moving out onto the next thing. Better luck next time.
90% of the CMC top100 will be dead in a year
>implying everyone will be rich
I’d say closer to 95%, I don’t even know why anyone would be using even something like Ethereum in 3 or 4 years.
As for using the block chain to make a currency, it’s obvious that that project failed.
the only "late" is how much money you expect to make. after summer 2017 you can generally expect to make no more than low three figure multiples if you're generally good at trading. if you just hold, you'll be making less than 100x on average.
the real early adopters are all sitting on five figure multiples on their money, with the original "late adopters" (2015) sitting on four figure to high three figure multiples due to their good timing of the last low point on the market.
the good rule of thumb is if you couldn't consider yourself rich at the peak of the bubble in dec/jan, then your only hope is in the long term.
bitinfocharts.com
Having 0.1 btc+ puts you in the top 8.93% of btc (and we can assume cryptomarket) investors. A lot of people here talk and shill but only 1 out of 10 has more than 1k $ invested at the moment. I believe that if you have at least around 5/10k by now, in a couple years maybe you won't "make it" but you'll have cut off a good 10 years of working
ethereum *is* the current wave of blockchain tech. 90%+ of all tokens use it. ethereum will either go down with the entire market, much like bitcoin, or it will destroy itself from the inside out. but it won't get dethroned by an ethereum "competitor", especially not the terrible showing the current "competitors" have.
theres still money to be made here. two things 2017 ICOs will be maturing in 2018. new ones will come online. market starved for gains will be looking for moon missions. pick your ICOs correctly and you still can make it and beyond.
You actually thing tens of millions of people have significant money in crypto? $1000 puts you in the top 10% at least.
1k will get you literally nowhere in crypto today. address metrics are completely broken anyway, given that the vast vast majority of people holding bitcoin hold it via a custodian, which in turn generally holds deposits in a single address.
It’s time to stop coping
there absolutely is money to be made in any market, but with over 100 new "coins" arriving each money, at an accelerating pace, the days of easy money are over. you'll spend more of your time trying to find something that isn't a scam, and even when you do, the market quickly abandons projects and moves on to the next big thing.
the only difference between now and early 2017 is the amount of money you need to start with if you want to have a high chance of making it
in early 2017 you could have made it with only $1k
now you need to start with at least $10k
but, so what? $10k isn't a fortune, plenty of people can still make it
each month**
You are heavily overestimating how many people have significant money in crypto and severely underestimating the number of people not in crypto at all. Robinhood and other normie apps will destroy the barriers of entry many people with money (boomers) don't want to deal with. Crypto's market cap is currently about 40% of AAPL alone... if you don't think crypto can be worth as much as AAPL combined then just sell now becuase if that's the case then blockchains are a failure in the future.
Nope, total market cap in 2017 went from 20 billion to 800 billion. It’s at 500 billion now so to get that level of growth would put it at 20 trillion. Obviously not happening.
why do you think any of that matters? the market is currently valued at half a trillion, why do you think having a 0.0000002% stake in this market is going to make you rich?
I have $20k, I only need to get to $250k to be a millionaire in my country. 100x is more than I dream about.
Had $31k in early January.
Will I make it?
i agree, but thats why this will be a huge meat grinder for normies. biz, pajeet discords and private telegram groups will rule.
>He doesn't know total market cap doesn't represent fiat value of market
>He doesn't know fiat markets have values in the double digit trillions
probably, if you have reasonable goals like that. you're much more likely to not panic and make stupid decisions than someone expecting to become a multimillionaire with little to no effort other than buying and holding.
yes, the thing about last year was you could have invested in any top 10 coin and 10x'd because of that huge influx of money
so now that won't be true, but what will be true is that 100 billion will move from coin A to coin B and if you diversify properly you will get out of coin A and already be invested in coin B
so, yeah, it wont be "free money" like it was then
but it's still certainly doable
In the last 24 hours only around 1.8 Billion has exited the market but caused a nearly a 100 Billion dollar drop in total crypto market cap. Crypto market cap doesn't work the way you think it does.
i am obviously aware of both of these things, but my point is still relevant when talking about such a huge discrepancy. 1k to "rich" was only a thing if you were buying in right at the beginning of promising projects, of which by now there are so many it's become a gamble because these projects are all competing with each other for mindshare more than capital.
if you take a cursory look at coinmarketcap you'll see that liquidity is what uniquely defines what coins are successful and what ones are not in this speculator driven market. the number of coins is going to keep accelerating until it's impossible for an individual to keep track of everything launching, so where are you going to put your 1k?
I just need to 10x I’ve got 3k now, 30 would be great but 20 would be life changing money
the only thing that's certain is that there's going to be a slow consolidation of capital from most of the low cap coins into the larger ones as people realize that their coins are simply losing volume and traction before ever being able to release anything to market.
people look at the marketcap like it's gospel, but in crypto it's far more misleading than regular markets, and when the speculators decide your coin is no longer lucrative, it's over.
We're literally still in the innovators stage. There are a total of around 28 million unique Bitcoin addresses, and most of us have multiple ones. That's less than a 0.3% adoption rate world wide. We're having a massive shake out, but this asset class isn't going anywhere and will just see a new wave of money this year. The total market cap will exceed 6 Trillion at some point in 2018.
Nigger the market cap ever even broke 1 trillion, the market is still an insider trading session
if you can do that in the coming bear market you will at least be properly positioned for the next bull.
the tech is absolutely in the innovators stage, the valuations though? not a chance.
how are you getting the 1.8B of real money?
you are right though, I bet the total money in the crypto market at ATH was no more than 50B
There is literally no price at which I will sell. I bought in at $200, if it goes below that, I'll buy more, but there is 0% chance we see anything under $1k. It needs to be higher than that just to support the drug trade.
Why does everyone have to get rich? Getting a years salary is very doable.
this is a luxury that most people can't afford though. for each one of us that bought in at $xxx, or even $xx and below, there are 1000 or more that did not, and while they dont control the market they can heavily influence sentiment.
They wouldn't touch it with a 100 foot pole. Crypto in the past month was a casino, admit it. The next time crypto will have a renaissance, it won't be the speculation bubble that is happening now. It will be a stable, useful asset.
absolutely, a lot of late adopters don't have such a rational view though, unhelped by the number of early adopters bragging about their investment of pennies that turned into millions.
this is likely true : (
And no one wants stable , most of us want to make it
Fast gains, i knew the risk tho
Fast gains, or fast losses. I'm in, fuck the stock trade
I'll give you that point. You have to be knowledgeable to pull of the mega gains now, or get lucky. There will still be some out there though.
you all realize most of these projects are their in their infancy right? the only "coins" you actually need are BTC and XMR. otherwise the real application will be stuff like smart contracts imo. so bizarre that people are panicking over a 50% selloff that has happened before, when there was maybe 50B of actual money at ATH in the market. this is pennies compared to the size of the global economy, especially when we consider that some coins will capture things like the derivatives market.
there will definitely be more pure speculative bubbles though, but long term the supermajority of coins will bleed value toward those that can maintain mindshare over multiple waves of speculators and users
We're going to exit this bear market towards the end of this month and have another massive bubble run up into the summer. Another pop and another run up. It seems to be the cycle.
Hi Ven. Hi Ethereum.
monero is more of a feature than a product though, something that every coin that sees significant retail/payment usage will have to have.
yeah the crypto market cap is literally not even close to representing how much money is actually in crypto, it's at minimum overvaluing it by 10x
ven and ethereum arent even in the same universe today though.
the thing is the market never grew nearly as much as it did this time
I don't know if bear market can just end this month. Then we go on another run
This time is different than the other times...
I'm not certain though, been in the game 2 months. Newfag but logical newfag
>only $6-10 Billion invested in crypto
>it's too late
Really...
ok
>he thinks crypto went mainstream
lmfao
Parabolic rise is this year buddy.
>in Q1 2017
the faster they rise the further they fall. the length of the bear market doesn't matter so much as how deep it goes.
started in december with 4k
was at 35k some nights ago
now at 13k and falling
not selling, iron hands
early guys are selling, while late guys are watching the bubble burst
i'm at break even point now, not selling either
Riding my alts down the shitter if it happens.
No stop losses either
How do you guys know this?
i fully expect cryptos to go to 20 trillion within 5 years to 7 years
everyone knows this but you're supposed to keep it a secret so there's still people buying our bags
From coin selling mediums. Bit coin is way over inflated because speculation and futures. Crypto is just taking off.
Interesting...
Goldman Sachs did a study on the amount of money actually invested in the space versus the market caps of the coins.
There is literally peanuts invested in this market compared to stocks.
Link?
Now if only the grandpa would die without causing growing pains for every other crypto with an actual product.
Yeah dumbshit because it only takes a few million to hire a dev team and another few million for an ad team to hype your shitcoin and inflate the market cap to half a billion
Stop trying to apply normal intuition to a market of mostly unbacked assets
>normies still foaming at the mouth looking to get in on shitcoins
>coinbase lagging behind on verifications
>most exchanges are not accepting new registrations
2018 will see the largest boom in history if exchanges get their shit together
tfw start with $20k
started*
I completely believe there is still money to be made. Will it be harder? Of course however crypto has barely reached into the average person's wallets. There are about 10 guys in my office of over a 100 that just "mention" bitcoin. They don't even know about the rest of the market.
I've followed bitcoin since 2011 when my college suite-mate introduced me to crypto. This tech ain't going anywhere soon so I'm going to sit back and see where it goes.
what do you use if not CMC?
as an early guy who knows a lot of early guys, i can assure you were are absolutely not selling. if we sold after every bubble we would have sold a long time ago, and we are not interested in the short term.
dont be so quick to out yourself as a late adopter
you can use cmc, but its the long term volume trends that matter
>as an early guy who knows a lot of early guys, i can assure you were are absolutely not selling.
youre not an early guy
>we are not interested in the short term.
then why make a thread saying its too late to make it if you clearly thing things will play out well long term you fucking retard
2/10 op is a spastic larper
So we are at 400B right now.
50% of the whole "money value" goes in crypto. Maybe even more. So tell me again, we are not in the early majority. We are even in the early adopters.
You have to look at the $ in the market, NOT on people who have heard and invested 100$ in it.
Crypto will replace the fiat shit. Not this year. Not next year. But long-term.
Put half in Teams futures (if HitBTC does you're fucked)
Idk. at this point the normie stock exchange is looking better than these mooncoin lambo dreams. Hodling, desu but I've diversified my goodboypoints into the NYSE as well.
If y'all are looking for a new reason to continue ur lambo fantasy, BPMX went up 40% today
69 trillion. And that's like, actual money. Not money launderers and poor fags. What's crypto at? .5 trillion?
I'm not going to say 69 trillion is meaningful in a specific sense, but even there is a weak correlation, 120x is a pretty strong pulling factor.
This isn't even correct. Derivatives market is $1.5 quadrillion
>Put half in Teams futures (if HitBTC does you're fucked)
Tezos*
Why is it a binary choice? You should have money in the stock market, gold, silver, bonds, etfs, and the crypto space. And a portion of it in just regular old cash so when any of them crash you can invest more.
Crypto is half the market cap of Microsoft. People don't realize how small this industry really is.
>As for using the block chain to make a currency, it’s obvious that that project failed.
yeah, all the commerce that happens on the darknet is fake, monero is useless, and i didn't pay my friend in XRB for pizza earlier today.
oh wait, no that's wrong and so are you.
I know some early guys. Sure they sold off a few mil here or there to buy property. But if you're sitting on 30mil or 15mil, it doesn't really matter. You're never working again either way, so they just hodl.
in crypto, stocks, and etfs. Not a binary choice. But this is a crypto thread on Veeky Forums. I wasnt trying to make it too complicated.
you are fake news user.
it is too late from an investment standpoint when everyone can figure it out with the same tools.
only 70million ppl probably using crypto right now (trading, merchants, mining, development, exchanges, money laundering) still 3% of the internet users globally
medium.com
we are still in early majority, it is not too late from investment standpoint and a hedge against fiat currencies