Let's just hope that new entrants fully understand what they are into
They don't. They see the price increasing rapidly and they decide they want a piece of those gains. We had a 6 month period where the price was around $3k or $4k. If people understood and believed in the technology, they would have bought in then. The reason they are buying now is pure FOMO, and many have absolutely no idea what they are buying.I have no doubt we will see more and more new players as the price rises, and I have no doubt again that many will panic sell at a loss during the first consolidation we see. I'm sure we will also see some crazy returns on some next to useless altcoins. I'll stick with bitcoin for the long term, though.
