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RE: BTC and ETH overvalued for short term? Caution Advised to Bitcoin/Ethereum Traders!

in #bitcoin8 years ago

I really don't think this can last, and it looks like a bubble. Alternatively, if it levels out and holds or keeps going into the stratosphere, it could be showing the inflation of the dollar. I am not sure that Bitcoin has progressed quite to that point yet, but I could be wrong. I have no doubt that it is coming.

I think there may be a reset, but I doubt it will come tumbling down to nothing. The idea of decentralization is what drives this. It would not surprise me in the least if this pump is being facilitated in an attempt to damage the market. The banks stand to lose everything. They have the assets to pump this up however they like. Steem I think may have a better platform to prevent the boom bust cycles, and I imagine it is going to become very valuable. It will be very nice having jumped in early.