When do you guys think this euphoria regarding Altcoins will end? Now, basically everywhere I go people are talking about crypto currencies, altcoins, ico's.. It's really a big hype now! New ICO's coming very often, when will it end? I think in like a year, 2 or 3 there won't be times like this anymore and only the giants will stay. Which ones in your oppinion? Do you even think this will end anytime soon?
Long live the Altcoins!
Long live the Altcoins!
It's crazy. Now even threadbare companies from unrelated industries like Kodak are launching coins! Their stock more than tripled on the news. That kind of hype is hard to ignore. This definitely feels like the dot-com era all over again.
I definitely agree that in two or three years, these opportunities will be gone. This is the early growth period that is pricing in the high risk of failure and the speculative position of cryptocurrencies. When everything is mainstream in a few years, nobody will be willing to sell so low.
There is definitely a correlation between Bitcoin and these altcoin markets. Altcoin price moves definitely depend on what BTC does. If BTC recovers and starts pushing new ATHs again, all that money will flow back out of altcoins again. It probably won't be "the end" though. Just another market cycle.