Quote from: hase0278 on March 05, 2018, 08:35:17 PM

Quote from: Dannyboy6292 on March 05, 2018, 08:21:34 PM

I have been investing in cryptos since 2016 and did well. Since January 2nd 2018 my account is down 70% after taking some nice profits. Does anyone believe the crypto market will ever be what is was in say October of 2017? Will we see the market running like it did ever again? What your 3 month- 6-month prediction?

Don' lose trust in the crypto market since there is a high chance that it would repeat the same actions that you saw on October 2017 but I don't see it coming in the next 3 months. It would be hard to predict in a 6 month scale but I think the price would sit to 19000$ by September the same day or 8000$. I might be wrong since this is a speculation, let's just wait and see what will happen, I made my speculation not that exaggerated because I believe markets would have a slow rise.

I like your optimism, however, I am not as bullish. I feel as if this market is built primarily off of speculation. The media has done a bang-up job as destroying investor confidence. The difference between 2012-2017 and 2018 is cryptocurrency is now mainstream. I truly fear that the masses have been burned by the media and their losses enough to warrant a VERY cautious approach to the market that was once throwing darts.

I saw this during the dot.com run and now the crypto run feels the same. The mania is over. There WILL be several coins that make people 10 and 100 baggers but I believe the majority of these coins and tokens are not that far from scams and were perpetrated by people trying to get to get in on the money.

Granted the US Government prints fiat and gives it intrinsic value but that's the US government. My fear is that the only thing giving these coins and tokens value is speculation and those "glory days" are over.