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RE: Crypto Markets Are Exploding! Can the Market Keep Up? - Revisiting: A Note of Consensus in this Time of Cryptocurrency Chaos
Yes, I expect there is somewhat of a bubble... being blown up in part by a growing lack of trust in conventional banking systems. In time, I expect things will sort themselves out as the alt coins that actually have "something" stay around and those who don't end up being worth fractions of a cent per coin.
Steem/Steemit is looking pretty good these days; here we actually have some "differentiation" in that the social blogging venue offers an "economic reason" for Steem to exist... and I'm sure there is more in the pipeline. Not something a lot of the highly speculative coins out there can offer...
I would actually disagree; there is certainly a lot of money entering the space for that reason but I would say that that is not what is contributing to the overvaluation. Those who are investing in this space for the long run (those who are convinced by the security and governance) are going to be here through the bubble. I am targeting investors who don't understand what exactly are investing in other than their last investment's 300% returns.