The bigger question is where are we now since we blew past $900 a while ago?
At this moment, I still dont feel we are at the hype phase since most people still do not know about this asset class.
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The bigger question is where are we now since we blew past $900 a while ago?
At this moment, I still dont feel we are at the hype phase since most people still do not know about this asset class.
I believe you are right. But as more people start getting to familiarize themselves with the new "world" of cryptos, they will most definitively encounter the bitcoin and start being part of the crowd, and eventually it will reach the point where the possible "peak" will come. I believe there is much still to learn and maybe to plan ahead as there is no precedent ( i am referring to the traditional market ) that could match the dynamics of the cryptocurrencies and the blockchain tech. The most fascinating thing to me is the fact that the rate at which this tech is being embraced by the people is seriously unprecedented, as described by the S-curve in the consumption spread graph of different disrupting technologies since telephone in 1900.
Telephone
Radio
TV
PC
Internet
Smartphone
Blockchain/crypto?
It certainly has the potential to be one of the revolutionaries technologies that changes how the human race does things.