It’s been a crazy week for bitcoin and personally I’m waiting for a significant price correction as I believe it’s hugely overvalued.
It’s also not serving the purposes it was established for, as the article in the link below explains.
Although the potential is still there the final sentence sums the situation up elegantly… Bitcoin has been Wall Streeted. Fear and greed have taken over its lofty ideals.
It’s a shame but something else will replace it adequately I’m sure.
I’m still a believer. Just not in bitcoin.
When everyone else loses confidence the bubble really will burst.