Cryptocurrency bubble! I think not!
Here is a story from Bloomsburg today.
In this news story its just more of the same FUD. Cryptos are in a bubble. And there prob right to a degree! There are many coins with no real life application or value, and thoses coins will surly disappear. As for most of the coins in the top 10 or 20, they mostly all offer somthing different, have real life value.
The top 10 or 20 coins all might be close tobthere ATH's at the time of this artical, but there just in there infancy stages. I mean how many people do you know imbraceing bitcoin? Its a small segment of the population. Bitcoin is about to enter a correction phase of its life. Might be short lived. Not everything can go up up up. Once the SEGWITX2 rolls out butcoin will be on its its way to new ATH's.
Just keep a steady hard. Dont panic! And dont trade altcojns for long term that have nothing more then speculative value. Pick projects you believe in, projexts that have a solid community. And a working product. This voilitile time will pass :)
Steve
Cheers Steve, I hope you're right man.
Thanks steemit
I don't think its a bubble either. With the amount of increased attention that cryptos are getting more and more people keep buying in. We're still the early ones in the crypto scene :)
There are alot of coins that are definitely in a bubble. Not to call any out, but we all know which ones have no true value or have no place in the crypto world but speculative value. And there ok too! for a day trader, This volatility is a dream
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