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RE: Is it really a crypto bubble? - Genuine value vs. forced value
I think the dotcom bubble has the same issue as the "crypto bubble". It's not necessarily a bubble, but rather a correction similar to those happening in the crypto world. I think that's how the market works: when something is over-valued, people will soon realize it and "the bubble will pop". When a technology such as the internet or cryptocurrencies is still very young, a lot of people will try to compete. However, some competitors will come out on top and be more popular. This can happen to crypto as well. Maybe Bitcoin will stay the biggest coin and many others will fail. Maybe Bitcoin will fail and another coin will take its place. Who knows...
I'm not trying to get into a petty debate over semantics, but it sounds like you're saying it's not a bubble but it is a bubble :P
But yeah, I do expect the market to keep balancing itself out, as it usually does. A lot of crypto's probably won't suvive and some unexpected ones will soar. Whoever manages to predict which ones those are will get rich. So it goes.
As you say, you can either speak of a bubble that pops, or a market that balances itself out :D