Is the Cryptocurrency Market Experiencing a Bubble?

[btc_manager]

As bitcoin breaks to fresh highs above $1700 and the altcoin market has displayed a phenomenal increase in value, many in the community are wondering whether cryptocurrency is in a bubble. According to data from coinmarketcap, many altcoins have started to recover, but sentiment remains mixed, begging the question of whether altcoins are due to crash hard, or whether they will remain tethered to bitcoin and follow the most valuable cryptocurrency higher...

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[mjglqw]

Probably. Just checked it now after not checking for a couple of days and now were at $1800 what the hell. Was expecting a dive in price first.

[Possum577]

There will absolutely be a pull back. the problem is determining at what price level demand will change and when that will happen. It's so hard to tell when you're in the moment.

For investors, be clear on your intent. What's your time horizon? How much risk are you willing to take on? How much are willing to lose from the current day's valuation? If it's very little, you should sell.

We could be resting on a giant bubble. I kind of hope we are.

But this could also be the growth of the next stage of adoption among the masses. I'm seeing articles about various governments talking about Bitcoin, making regulations (which legitimizes it to those who were previously aware but not owners).

All of this encourages people to buy more.