Quote from: Initscri on October 29, 2018, 07:20:34 AM

Quote from: Pursuer on October 29, 2018, 07:18:51 AM

Quote from: Initscri on October 29, 2018, 06:44:07 AM

Quote from: Statedapps on October 29, 2018, 06:41:52 AM

I do have to say when I see al the news I have the feeling big movements are around the corner but in my daily life I'm not experiencing it so far.
This is a simple riddle of where blockchain might be right now : https://theblockchaintoday.com/blockchains-position-end-2018/
I think the snowball will appear very soon and could be very big.

After the hype of Bitcoin, it's only natural that hype will leave. The massive increase of the price of BTC only would have resulted in hype, which naturally would have faded.

However, while the price of Bitcoin has dropped since, I don't believe it will drop drastically further, as IMO the hype has created an industry of advancement within Blockchain technology (more companies/startups are being created to developer Bitcoin and technologies like it due to the initial hype)

the rise was not "all hype" it was real adoption and the increasing demand for the decentralized currency that led to the rise in first place and then obviously a rise means profit and profit means greedy people will also look towards bitcoin and the result of that is the hype and the bubble which will be over with a bubble burst and a price drop eventually and that is what we have now.
and that is why the price won't drop any further because of the real demand is still there and the speculative demand that came in because of the hype is now gone.
although in my opinion one of the biggest reasons for no further drop is the fact that bitcoin has dropped more than it should have and now it is underpriced and oversold...

I know it wasn't all hype, but I do believe that the price increase was largely created due to hype.
As I mentioned, I do believe adoption will carry bitcoin forward. Initial hype in technologies is always a thing, it's how the project sustains that interest which is most important.

I agree with your opinion, the majority of the BTC holder community originated from a hype, although now the hype is disappearing but I believe the increase in BTC prices is due to the existence of the hype that previously exploded in 2010