How many people here have at least one friend or family member who have recently -- out of the blue -- asked you to tell them again, "Hey what's the deal really with that bitcoin crypto currency stuff you were telling me about last year?"
I had that happen...right around the time of the market top in 2013.
It is a bearish indicator. It means that the wave of FOMO has reached the masses...
Honestly I absolutely agree with you that this will happen... only we're really not there yet, IMHO.
My example of people "finally coming around" is only a couple out of literally DOZENS that I know, who *could* come around and who still have not. NOT by a LONG SHOT have "most people" even considered "coming around" yet... LOL
YES, When the proverbial cab-driver and shoeshine-boy are giving out crypto-coin tips, then YEAH of course that's the bearish sign of peak-bubble-top.
But I sincerely believe we are still far, far away from that time.
Let me postulate here, gentlemen, that BOTH sides of this debate are probably right?
Perhaps we'll see an epic hockey-stick run-up of bitcoin even a further 10X from today's $5,000-ish price, to maybe a "crazy mind-boggling unbelievable impossible" $50,000-per-฿ era... and THEN you'll be hearing crypto-tips from the cabdriver, LOL, and THEN the expected and long-overdue 50% to 80% crash back DOWN to "only" $10,000-ish per coin will happen.
Lives will be ruined, crypto will be "dead", longtime naysayers will smugly declare they "told us so", etc etc etc.
And a long bear market over several years (like we endured after 2013 with the price slowly bleeding out from $1,000 to $800 to $400 to $200... before it *finally* started to come back up, to $600-ish just ONE YEAR AGO (!!!) from whence it's run today to almost $5K) will start again, "down" even more from $10K to maybe $5K-ish...
And THEN the dawn will break and things will reverse *again* and we'll regain $10K then soon enough $50K... and then it'll be off to the races once again in a cycle that'll run from $50,000 to the $100K's and maybe at nearly full global adoption some day, peak $1-Million per coin (when a single satoshi will be... a penny).
Maybe it'll happen this way, or maybe not. Maybe we're all RIGHT and there'll be an 80% crash in the future but maybe this current bull-run ain't over yet.
Or (most likely) HoneyBadger will surprise us all and do something totally different from all of these speculations, LOL
Do you have any timeline when we reach $500K?
Or else John McAfee will eat his ... on national tv. I don't want to see that.
https://twitter.com/officialmcafee/status/887024683379544065?lang=en