+1 to this.
Although i think it will be bitcoin that bursts, not altcoins.
Those buying altcoins usually have a degree of knowledge as to their value, especially with tokens.
They see the worth of the project and most are buying based on value more than on hype.
Bitcoin has been bloated by hype. People who have no understanding of this market have begun buying bitcoin and when prices start to stagger and correct a bit they will all pull out, causing a crash.
Although i think it will be bitcoin that bursts, not altcoins.
Those buying altcoins usually have a degree of knowledge as to their value, especially with tokens.
They see the worth of the project and most are buying based on value more than on hype.
Bitcoin has been bloated by hype. People who have no understanding of this market have begun buying bitcoin and when prices start to stagger and correct a bit they will all pull out, causing a crash.
Yes and No.
Bitcoin is a brand...known to anyone who knows about cryptocurrency. It will survive just because of that popularity and mass adoption by investors. I agree that it is "nothing" tech wise compared to other alts but tech is not what drives it's "value".
Anyway, I am preparing for either way and hedging and diversifying. Target ratio is 25% BTC: 75% alts (about 35 different coins).
Re: the OP...I disagree about the "bubble".