With Crypto being all the talk in town do you think we are entering into a bubble territory? All my friends who have no idea about crypto are also pumping money into crypto-assets. No DD or anything. And they are asking their friends to also invest into crypto. Just seems like a lot of people may be getting into something that they have no idea about!
May 12, 2021
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I think it’s a possibility we may be in a short-term bubble but I think longer-term the value may still be there and the likelihood of prices now being a bubble for a hold period of 50 years is not as likely. I could be wrong though. Hopefully this helps answer your question even just a little bit. My apologies if it only makes things worse. Good luck
Longer term I do think cryptocurrencies are here to stay. I think its like when the internet first came. IT held around for a while culminating in a bubble and then reforming itself. Think the same is happening right now. Every day new tokens are being generated with no value and people are YOLO ing their savings into these coins.
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