Most people don't understand that cryptocurrency is currently in a bubble, most people are buying in on a lot of coins just because of the hype surrounding it.
It is true that bitcoin and blockchain is here, but my question is "how far will this crypto bubble go before bursting"
Cryptocurrency is not in a bubble. To start, technology does not bubble and that is what crypto is since you cannot separate it from the blockchain.
Secondly, even if Wall Street 10 X crypto in the next 12 months, blockchain is going to 1000X in terms of the progress it makes. Wall Street can raise enough money to outpace what is going on with blockchain.
Sure, BTC could collapse as could any individual token. But as a group, there is no chance of it.
You know that the burst is coming soon if people are using their credit cards to "invest", when the average joe who is stupid starts putting all their money in something it won't be long until that speculative bubble bursts, like the stock market in 1929. I knew the real estate market would implode in 2002 because people were buying multi family properties for prices so high they rent did not actually pay the mortgage, that is not sustainable.
I doubt the burst is anywhere close....Wall Street is still pumping a ton of money into BTC (and other currencies). We will see it go higher before the potential pop.
When people are buying any crypto on credit cards, then you know the end is near.
"When people are buying any crypto on credit cards, then you know the end is near."
Wasn't this article suggesting that people are buying crypto on credit cards?
"Now it seems that the speculation by Borg has been confirmed by a new survey conducted by LendEDU which found that, among other things, nearly 20% of people who have purchased BitCoin have done so using their credit cards."
I am still not convinced it's a bubble with all cryptocurrency combined worth less than Google. Bubbles tend to go up violently blockchain goes up and down violently.