Pretty much this. The fact that someone can make up a flashy campaign and promise lot of fluff and raise millions of dollars in funding shows that this market is kind of manic right now, like the IPO market was during the tech bubble in 1999, which most of you here won't remember. When the tech bubble burst in 2000, the IPO market just vanished... poof.

I'm not convinced there's going to be a huge crash here though, because of the fact the global economy is so much more massive than a 500 billion dollar crypto currency market. What's going to be the undoing of bitcoin is greed... people making new forks every month will destroy bitcoin's credibility. I called it here in this post. You think the media won't pick up on this?   With that said, another coin will just take it's place.   People like places to put money where it can be safe from criminal, unconstitutional civil asset forfeiture or shady governments all over the world who don't have their citizen's best interests at heart.

With that said, certain precious metals look dirt cheap here. I won't say which ones until I've loaded up on a couple dozen ounces. I suggest the whales here take a good look at some of the platinum group metals and their above ground supplies and consider buying them. The problem with this is chinese make fakes that often pass off as real and act to dilute the supply. Similar to how the chinese are now making bitcoin forks. Go figure. Can't they make anything that's not a knockoff of someone else's idea?