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RE: Are cryptos in a bubble like dot-com?
I don't think cryptocurrencies are in a bubble, a bubble usually means the market is eventually going to collapse. Google and Facebook skyrocketed in value and show now signs of stopping, they have value and purpose and morst people use them most days. I think cryptocurrencies are the same, they are here to stay, and will change the world
Beeing in a bubble that eventually will burst and leave a lot of scars to those who overvalued it does not mean that the whole thing is bad ore useless.
That's. What I said, most likely a big share of cryptos will die out when the bubble bursts, but a few will survive and after the dust clears we can expect them to rise out of the ashes. But it might be only a small part of the market and many who put their money in the wrong chaine might loose a lot.