I partly agree Skip..
I think there will be a big correction and I definitely think many cryptos will loose everything and become the butt end of jokes.
When it comes to institutional money though, I don't think many of the fat cats have invested yet. The volumes don't indicate the massive amount of buy orders that would point toward the banks or investment companies joining the party. I think they're all waiting for a correction and then will buy up a shit ton of BTC. Only at the retail level would anyone buy on this type of high. I could be wrong but I don't think the majority of the big wigs are in on the party yet.
If we compare with the dot com bubble there was a massive rise and then a crash, then a lull until it started to rise again. Then it behaved by rising and correcting accordingly. We will see a correction but it won't be the end of blockchain or cryptos in general.
Everyone just has to keep a good eye on everything and have a strategy to get out when things start to turn. Some cryptos hedge very well against Bitcoin.. Do your research and have a strategy to get out..
I think there will be a big correction and I definitely think many cryptos will loose everything and become the butt end of jokes.
When it comes to institutional money though, I don't think many of the fat cats have invested yet. The volumes don't indicate the massive amount of buy orders that would point toward the banks or investment companies joining the party. I think they're all waiting for a correction and then will buy up a shit ton of BTC. Only at the retail level would anyone buy on this type of high. I could be wrong but I don't think the majority of the big wigs are in on the party yet.
If we compare with the dot com bubble there was a massive rise and then a crash, then a lull until it started to rise again. Then it behaved by rising and correcting accordingly. We will see a correction but it won't be the end of blockchain or cryptos in general.
Everyone just has to keep a good eye on everything and have a strategy to get out when things start to turn. Some cryptos hedge very well against Bitcoin.. Do your research and have a strategy to get out..