The way I look at crypto-currencies ⟔⟓ (Not a bubble but a bulb)

In my opinion, Bitcoin is not a bubble. Block-chain is here to stay. It's a marvelous invention of this decade. Now the price of Bitcoin is determined by the way we determine the price of anything else. It's price is what someone is willing to pay and it somewhat depend upon the cost of mining as well. Now, 5-6 years ago when bitcoin was worth few hundred dollars, it was providing same benefits then as it is today. Why was it worth $100 then and $10,000 today? It's all about opinion, greed and awareness.

Everyday, more people discover Bitcoin and Alts. From the past few years, it's being told that bitcoin price will rise. Alts fluctuate quicker. Everyone wants a piece of cake. People invest in it, hoping their investment will give huge returns. Which is somewhat true. As demands rises, so does price. But, it can't continue forever, gold is limited but this doesn't mean it's price will keep increasing forever just because it's limited.

In my opinion, crypto-currencies is not a bubble but a bulb. Imagine, it's not a coin but a bulb. Everyone know it has great benefits and it's price will rise. So people buy it, new people discover it and buy at a higher price and this continues. No one is actually buying it for it's benefits, they are just buying to make money from it. Now tell me, who's better? A person who bought a bulb at $10, he HODL it hoping it will be $15 one day while he is using lantern or a person who buys bulb at $10 and uses it to takes it's benefits.

Now I know it's not convenient to use crypto. It's like we are living in 1990 and internet got invented. It's not easy to access and use it. But look at it now, we use it everyday. It has become a necessity. This will be the future of Crypto-Currencies. It's year 2018, and crypto-currencies got invented and are in early stages. It's not easy to use it but in my twenties around 2025, it will become a necessity as well and we will use it everyday to pay for bills, at stores, restaurants, for our petrol and gas. In short, for everything. But 90%-95% crypto-currencies that you see today won't even exist in 2025. So you should at least try to invest in projects and ideas that are realistic and teams behind them are great.