People, I've studied financial bubbles for over 4 years and I can tell you one thing cryptocurrencies are just another financial bubble. They are overpriced badly already and I know, that all people, who are bearish towards crypto say this over and over, so let me try to explain. There are many arguments that support my claim, but the strongest one is the self-destroying system that lays in the roots of bitcoin and other cryptocurrencies. People buy crypto and then wait before it's price grows and then sell, they don't actually use bitcoin. The major market of bitcoin is the dark net or the illegal markets around the world, which is a pretty unreliable support for a currency. The only reason for growth of crypto's prices is that medias started talking about it and tons of "hamsters", or in other words - noobs, jump in and wait for thousands to fall in their hands, but at the end they will sell anyway. The things we don't know are: how many more hamsters are willing to get rich by holding crypto and how long are they ready to hold it. This bubble might burst in a month or in two years I have no idea, but I am 97% sure that at the end it will collapse and all those projects that are based on crypto and crypto-gamblers will die, just like this happened in some cases of financial bubbles. I am a professional economist and I'm not saying that crypto is a new type of "ponzi" (as hamsters say, having no idea what a financial pyramid actually is), but I am saying that it has not such grate future as some of you might imagine.