Honestly the boom, bubble and bust is inevitable; it is the history of innovation and changes. But where are we in that cycle in regards to cryptocurrencies? I believe we are still early in the process.
Trees don’t grow to the skies–so goes the old investor saying. The idea is that there is always a top to any boom or bubble and while “to the moon” is a great motto, it is not a likely outcome.
So what do you think ?
First of all, let us just say that the moon differs from one person to another. For some, especially years ago, Bitcoin in $10,000 is moon already. For some, in the years to come, it is around $50,000. So moon is relative. My moon though is around $500,000. If Bitcoin reached that level, I would finally say that it has already reached the moon.
Everything's going to end. That is certain. Even the earth and sky will end. So does a tiny invention of a particular man, whose real personal identity we do not even know. The thing here is that Bitcoin will not go away for the next several years. I believe it has not yet even reached its highest peak.