People who bought altcoins with their bitcoins are in a deep and huge loss due to the rise of bitcoin value.
This is accurate on my side, lost 30% of my portfolio due to the USD/Altcoin price correction. I didn't see the quick jump to 7k and because of negligence ,due to exams atm , I'm sitting at this position.
I'm just going to take a long position, Bitcoin's bubble will burst sooner or later. Imagine it dropping to the depths of 3k or so in an extreme case.
Yeah many us here are experiencing that too like almost all of the alts now are kissing the ground and we didn't know how long will it sitting and all we can do now is to just wait while the rally isn't over.
But I doubt that bitcoin is just a bubble as this is rises because of the announcement of Chicago Mercantile Exchange or CME that they will support the future of bitcoin and with this bitcoin gains more attention in the market and many business tycoons now are thinking to invest in bitcoin.
So I think, people learned their lessons not to put all eggs in one basket.