This awesome article puts everything into perspective. The main stream media is lost.
The Asymmetry Of Bubbles: The Status Quo And Bitcoin
http://www.zerohedge.com/news/2017-11-30/asymmetry-bubbles-status-quo-and-bitcoinDo the bubbles in bonds, stocks and real estate get the same scrutiny as the bubble in cryptos? Do any of the conventional critics deriding the bubble in bitcoin bother comparing the scale of all these bubbles? So bitcoin is in a bubble at a market cap of $170 billion, but the unprecedented $500 trillion bubble in stocks, bonds, debt instruments and real estate is perfectly fine and no risk at all? (Approximately $300 trillion in global financial assets and $200 trillion in real estate.)
Me thinks that the money from those bubbles will flow into Crypto!
It is quite hypocritical what they say but that is the media and you should always take their words with a grain of salt. Btw you know why people are making such a big deal of this right? it is because sooo many jobs and industries will be threatened in the coming 5, 10, 25 years the biggest of which is the financial industry. They can see the threat with their eyes and they are shaking in their boots, that is the only reason they care so much! Think about it if they didn't care or didn't think bitcoin could become anything they wouldn't discuss it they wouldn't give it a thought. But because bitcoin is threatening the very foundation on which these people live and work (not to mention old people handle change bad) they are scared and that is why they are bad mouthing bitcoin!